Global Roof Paint Market 2022-2027

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    GLOBAL ROOF PAINT MARKET

     

    INTRODUCTION

    Rooftop coating is best described as a liquid coating applied to rooftops. Such solution serves as a translucent layer, adding comfort and security to the roof while also giving it fresh vitality.

     

    Roof paint has two purposes: it is a crucial step in external and internal upkeep, and it also provides ornamental qualities to the construction. A well-maintained roof reflects a secure and safe house. Concerns about rising temperatures energy costs have grown in recent years.

     

    A disregarded roofing, but at the other extreme, wasn’t just an eyesore but also an indication that users have problems in the future with your property. It’s hardly unexpected, given the state of roof painting. It is simply the finished product that is applied to your roofing.

     

    Cleansing, fixing, priming, and painting are some of the factors needed in providing rooftops a comprehensive facelift. When introduced to specific constructions, excellent quality roof paint may assist maintain the structure properly protected and in good condition with a much-prolonged period of time.

     

    infographic: Roof Paint Market, Roof Paint Market Size, Roof Paint Market Trends, Roof Paint Market Forecast, Roof Paint Market Risks, Roof Paint Market Report, Roof Paint Market Share

     

    There are also several benefits to applying heat reflecting painting. Heat reflecting roof paint aids in the cooling of the rooftop. This is because the paint has the capacity to reflect solar radiation.

     

    It removes solar heat before it enters the structure while sucking away surplus heat. As just a consequence, your structure may benefit from improved shielding.

     

    GLOBAL ROOF PAINT MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 New smart-roof coating enables year-round energy savings Scientists have developed an all-season smart-roof coating that keeps homes warm during the winter and cool during the summer — without consuming natural gas or electricity. Global Scale This would enhance better Technologies and production

     

    GLOBAL ROOF PAINT MARKET DYNAMICS

    Increasing developing need for long-lasting and strong business building elements is expected to drive market expansion over the forthcoming years. Furthermore, natural calamities such as torrential rainfall, high winds, and searing heat cause frequent damage and impair the longevity of constructions.

     

    Rooftop coverings can assist to reduce such damage. This industry’s top players have already been spending more than 3% of their yearly revenue generated inside the advanced materials as well as techniques for rooftop coverings uses, which is expected to drive market growth. 

     

    Nonetheless, a lack of understanding, a scarcity of trained labour in some of the main growing nations and changing raw material prices might all stymie market expansion throughout the planning horizon.

     

    Cool roof coatings have a numerous advantages. The Cost-effective and excellent photovoltaic reflectance, for example, results in minimizing heat accumulation throughout industrial and residential buildings and reducing reliance on air-conditioning, improving efficiency, and lowering air pollution.

     

    The growing consumer preference for energy savings, along with favorable regulatory regulations regarding tax breaks, supports the use of green construction materials and is expected to drive demand in the upcoming decades.

     

    Rapid urbanization, altering consumer attitudes toward sustainable architecture, and vigorous industry in developing nations are all anticipated to provide chances for market participants to flourish.

     

    The leading players in the global roof coatings market have used product introduction and expansion as important tactics to obtain considerable market share and meet the rising demand from emerging countries.

     

    GLOBAL ROOF PAINT MARKET SEGMENTATION

    The Global Roof Paint Market can be segmented into following categories for further analysis.

    By Infrastructure Type

    • Low Sloped
    • Steep Sloped
    • Multi Sloped

     

    By Application

    • Residential / Personal Application
    • Commercial Application
    • Industrial Application
    • Military Application
    • High-Capacity User Application

     

    By Integration / Structure Type

    • Elastomeric or White
    • IR Reflective
    • Cooling based
    • Heat Retention based

     

    By Operation Type

    • Water based Material
    • Solvent based Material

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL ROOF PAINT MARKET

    Increased knowledge of the need of green building projects, along with stringent laws governing roofing systems for residential and commercial buildings, has resulted in growing adoption of low-sloped roof installation.

     

    Steep-sloped rooftops require less care owing to the architectural advantages that allows water to be drained quickly and reduces the possibility of mould or fungal development on the rooftop, culminating in lesser penetration of coating materials in such roofs.

     

    Nevertheless, owing to the increase accessibility with quick-drying coverings and enhanced processes, consumption for cooling coverings is likely to expand in the steep-sloped roofs application category in the upcoming decades. In the present market of operability, many types of practices are progressing forward, with elastomer as well as polymer-based roof coverings taking the lead.

     

    Elastic qualities are seen in elastomeric coverings. Because of its suppleness, the building’s covering may expand without it being harmed. Because of the hot heat, these coverings permit for structure flexibility and temperature increases. Non-bituminous roofing coatings are often elastomeric.

     

    Polymer-modified coverings, on the other hand, are bitumen paints that contain a polymer additive to enhance their productivity. Polymer-modified coverings are more flexible and last lengthier than untreated coatings, although they are more costly.

     

    Those coverings are currently found on a wide range of roof substrate surface, particularly single-ply membranes, and metallic structures. Acrylic-based polymers provide good radiation and hail protection, as well as the switching and routing necessary to tolerate the longitudinal instabilities among most roofing adsorbent surface.

     

     

    RECETN LAUNCH IN GLOBAL ROOF PAINT MARKET

    Nouryon is introducing a new building and construction solution that improves the reflectivity of energy-saving “cool roof” coatings while also boosting their self-cleaning characteristics.

     

    Nouryon’s Expancel expandable thermoplastic microspheres, which reflect light, are combined with the company’s Levasil colloidal silica, which improves coating performance. Cool roof coatings, which are made with Nouryon’s Expancel microspheres, can reduce the temperature of a building’s external surface by up to 15 degrees Celsius.

     

    LuminX is an acrylic cross-linked elastomeric Cool roof coating that is water-based. Its superior nanotechnology-based formulation provides strong solar reflectivity and thermal emittance, greatly lowering roof temperatures in hot weather when roofs are exposed to intense UV rays.

     

    The cool roof coating technology is used by LuminX. Its high SRI value guarantees that it reflects as much heat as possible. Its special formula adheres to the surface and provides comprehensive protection while also promising to keep the structure cool.

     

    Nygra Coatings, a revolutionary and long-lasting coating destined to disrupt the cool paint business, has debuted. The coating is suitable for facilities that want to lower temperatures, cut cooling costs, save energy, and support sustainability objectives.

     

    In hot areas, Nygra Coatings repels heat-causing IR radiation, lowering air conditioning requirements considerably. Nygra Coatings has developed this technique into a product that can regulate visible colour and infrared radiation reflection independently.

     

     

    COMPETITIVE LANDSCAPE

    This continent’s construction industry will increase as a result of the advantageous interest rate environment, improved economic condition, and tremendous potential for intervention by the public sector.

     

    Furthermore, immigration and expanding urbanization in European countries have raised demand for residential development growth. This has also resulted in significant expenditures in the development of long-lasting roof installation.

     

    Asian Paints  is one of the global leaders in the manufacturing segment of the new elastomeric based roof painting market. It has launched Smart Care. Damp Proof Ultra is indeed a liquid-applied, dispersion viscoelastic weatherproof material. It is made of PU hybrid polymers with acrylic fiber reinforcement.

     

    After hardening, it produces a thick, smooth, and long-lasting membrane, providing complete permeability. Damp Proof and Damp Proof Ultra from Asian Paints have an innovative heat management technology which helps to cool the contact area by up to 12* degrees Celsius.

     

    Because a substantial amount of heat energy is mirrored outward, which not only starts to cool that contact area, but it also contributes to lowering the total temperatures of the structural system.

     

    XL Coatings applies sophisticated technologies to improvise upon the roofing temperature control in the market. Summertime Cool Roof Painting EXCEL Cool Coat is a water-based, high-solids, PUD combination.

     

    For highest thermal shielding, EXCEL Cool Coat incorporates both reflecting and nanotechnology insulator pigments. In addition, the adherence accelerator and Nano UV protectors safeguard the coatings from UV deterioration, resulting in outstanding weatherability and a significantly longer lifespan.

     

    EXCEL Cool Coat passive cooling paint contains microfibers, which provide exceptional water resistance and fracture prevention. Even in tough and dusty weather, it keeps the rooftop from overheating. As a result, even at the height of summer, the interiors are kept cool. It delivers exceptional UV protection and a long operating life with both the Nano UI protections included.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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