Global Roofing Coatings Market Is Estimated To High Growth As Energy Consumption Measures And Increasing Product Launches

Roofing Coatings Market

Overview:

Roofing coatings products are used on residential and commercial properties to protect the roofing system from the effects of moisture, UV rays, and heat. They can also be used to repair old and damaged roofs. These coatings can be applied on various substrates, including concrete, asphalt, elastomeric, metal, and polyurethane foam. These coatings are gaining popularity among property managers and industrialists due to their ability to save energy costs as well as enhance the lifespan of the roof. Several of these companies are investing in research and development activities to develop new products and improve their competitiveness.

Market Dynamics:

Growing product launches are estimated to augment growth of the global Roofing Coatings Market global refractories market over the forecast period. For instance, an energy-saving ‘cool-roof’ coatings was launched by Nouryon in May 2020. These roofs will enhance their ability to reflect light and also improve cleaning properties. Moreover, increasing strict regulations and high production costs are anticipated to restrain growth of the global roofing coatings market over the forecast period.

The Global Roofing Coatings Market Size Is Likely To Exhibit Potential Growth In The Next Few Years, And Register A CAGR Of 7.5% Over The Forecast Period (2019 - 2027).

Impact of COVID-19:

The pandemic resulted in halting production of many manufacturing units and several businesses were forced to shut down temporarily. Many sectors of society were affected by the pandemic. The number of COVID-19 cases were increasing on a daily basis and this caused immense pressure on the healthcare sector. Many production activities could not be conducted as there was a shortage of raw materials, and skilled professionals. There was a decrease in demand for several products and this affected the growth of the Roofing Coatings Market. This hindered the growth of the global roofing coatings market during the pandemic.

Key Takeaways:

The global roofing coatings market is expected to witness high growth, exhibiting CAGR of XX% over the forecast period, due to growing acquisitions by key players. For instance, a leader in Building Envelope Systems Henry Company, acquired National Coatings Corporation in October 2020.

Asia Pacific is anticipated to witness significant growth in the global Roofing Coatings Market over the forecast period, owing to increasing residential and non-residential sectors and growing adoption of green building codes.

Major players operating in the global Roofing Coatings Market are The Sherwin-Williams Company, BASF SE, Sika AG, The Dow Chemical Company, Wacker Chemie AG, Akzo Nobel N.V., Hempel A/S, RPM International Inc., PPG Industries, Inc., and Nippon Paint Holdings Co., Ltd.

Comments

Post a Comment

Popular posts from this blog

The Increasing Incidence of Blood Disorders in the World Is Augmenting the Growth of The Global Hematology Market

Image
  Hematology Market Hematology Market , by Product Type (Hematology Analyzers, Flow Cytometers, Coagulation Analyzers, Slide Stainers, Centrifuges, Hemoglobinometers, and Others), by Reagent (Coagulation Reagents, Flow Cytometers Reagents, Immuno-hematology Reagents, and Others), by Application (Auto Immune Disease, Cancer, Diabetes Mellitus, Infectious Disease, and Others) by End User (Hospitals and Clinics, Research Institutes, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027. Market Overview: Hematology is a branch of medical science that focuses on the study of blood-forming organs, blood, and blood disorders. It encompasses the diagnosis, treatment, and management of various conditions related to blood, such as anemia, leukemia, lymphoma, hemophilia, and clotting disorders. The Global Hematology Market Size Is Valued At US$ 4537.5 Million In 2019, And Is Expected T
Read more

The Growing Landscape Of The Medical Carts Market: Innovative Solutions For Healthcare Facilities

Image
Medical Carts Market The healthcare industry has undergone significant transformations over the years, driven by advancements in medical technology and patient care practices. Among the numerous innovations, medical carts have emerged as essential tools in modern healthcare facilities, playing a pivotal role in enhancing efficiency, mobility, and patient outcomes. This article delves into the evolving landscape of the Medical Carts Market, exploring the latest trends, key players, technological advancements, and the impact of these carts on healthcare providers and patients.   The Medical Carts Market has witnessed remarkable growth in recent years due to the increasing demand for improved patient care and workflow optimization. Medical carts are specialized units designed to store, transport, and administer medical equipment, medications, and supplies within healthcare facilities. They offer healthcare providers a portable and organized solution to perform various tasks efficiently,
Read more

The Thriving Potential Of The Land Restoration Market In Ecological Sustainability

Image
Land Restoration Market The world is at a crossroads in terms of environmental challenges. Climate change, biodiversity loss, and land degradation are threatening the delicate balance of our ecosystems. Land restoration emerges as a critical solution to address these pressing issues and to ensure a sustainable future for generations to come. In this 1200-word piece, we will explore the Land Restoration Market , its significance in ecological sustainability, and the promising potential it holds in revitalizing our planet. The Land Restoration Market represents a growing sector focused on reclaiming and rehabilitating degraded lands. This market encompasses various approaches such as afforestation, reforestation, soil remediation, and sustainable land management practices. These activities aim to combat land degradation, desertification, and deforestation while promoting biodiversity conservation and climate change mitigation. Land degradation affects over one-third of the Earth'
Read more