PORTLAND, Oregon and PUNE, India, October 5, 2017 /PRNewswire/ --

According to a new report published by Allied Market Research, titled, "Roof Coatings Market by Material, Technology, Roof Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global roof coatings market was valued at $951 million in 2016, and is expected to reach $1,680 million by 2023, registering a CAGR of 8.8% from 2017 to 2023. Asia-Pacific dominated the global market, accounting for more than one-third share in 2016.

Roof coatings are used as a protective layer on the surface of buildings, which help to sustain the impact of rain, sunlight, and other physical damages. The growth of the global roof coatings market is driven by the growth in global economy. In addition, surge in construction activities, especially in the developing countries, and increase in population are expected to boost the growth of the market during the forecast period. Moreover, increase in awareness among people pertaining to the global warming and other concerns about the environment supplement the growth of the market. However, volatile raw material prices restrains the market growth.

Do Enquiry for Sample Report@ https://www.alliedmarketresearch.com/request-sample/3410

The roof coatings market is segmented on the basis of material as elastomeric & plastic, bituminous, tiles, metals, and others. The metals segment is estimated to account for major share in the global roof coatings market in 2016. The elastomeric & plastic segment accounted for a significant share in 2016, and is expected to witness high growth rate during the forecast period. This is attributed to ability of elastomer & plastic to keep the objects cooler as compared to other materials.

The water-based coatings are anticipated to gain significant acceptance in the global roof coatings market during the forecast period, owing to increase in demand for green technologies across the globe. In addition, stringent government regulations pertaining to emission of volatile organic compounds is expected to boost the adoption of water-based coatings in the near future.

The commercial segment accounted for a significant share in 2016, and is anticipated to maintain its dominance during the forecast period. This is attributed to rise in construction activities and increase in industrialization worldwide. In addition, the development of green roofing technology is expected to drive its demand during the forecast period.

Do Enquiry before purchasing Report@ https://www.alliedmarketresearch.com/purchase-enquiry/3410

KEY FINDINGS  

• In terms of value, the metals segment accounted for significant share of the global market in 2016, and is expected to grow at a CAGR of 7.8% from 2017 to 2023.
• The elastomeric and plastics segment is anticipated to grow at the highest CAGR of 10.7% over the forecast period.
• Asia-Pacific is anticipated to witness the highest growth, registering a CAGR of 9.2%, in terms of value.
• China and South Korea are expected to occupy approximately three-fifths share of the total Asia-Pacific market by 2023.
• Water-based segment is expected to grow at a CAGR of 9.6%, in terms of value from 2017 to 2023.

In 2016, Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period, due to rise in adoption of roof coatings in the construction industry. Asia-Pacific is expected to grow at the highest CAGR in the near future.

Ask for discount before buying@ https://www.alliedmarketresearch.com/get-discount/3410

The key players operating in the global roof coatings market are RPM International Inc., The Dow Chemical Company, AkzoNobel NV, BASF SE, Nippon Paint Co. Ltd, Valspar Corporation, PPG Industries, Inc., The Sherwin-Williams Company, and Hempel A/S.

About Us: 

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Dhananjay Potle
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free : +1-800-792-5285
UK : +44-845-528-1300
Hong Kong : +852-301-84916
India (Pune) : +91-20-66346060
Fax : +1⟨855⟩550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

SOURCE Allied Market Research