Skip to main content

Roof coatings: Helps to Decrease heat build-up inside com-mercial spaces: Asia Pacific Strong Market Growth 2016 – 2024

Global Roof Coatings Market: Overview 
Roof coatings that help regulate temperature are gaining importance in the paints and coatings market due to the rising need for decreasing energy consumption in countries across the globe. The mounting costs of electricity have impelled industries to adopt alternative solutions. As a result of this, many countries are striving to implement building energy saving codes. To meet the rising demand from various end-use industries, manufacturers of roof coatings are focusing on producing advanced cool roof coatings.

The report provides an in-depth analysis of the growth trajectory of the global roof coatings market along with the predominant trends. It further highlights the factors that are anticipated to impact the growth of the market in a positive or negative manner. The study also assesses the key elements at play in the global roof coatings market. The report offers an evaluation of the competitive landscape of the global roof coatings market using Porter’s five forces analysis and also presents information on the degree of entry and exit barriers. An overview of the shares, product, and strategies has been offered in the research report.
Global Roof Coatings Market: Trends and Opportunities
The primary factor behind the growth of the global roof coatings market is the recovery of the global economy from the recent economic downturn. Moreover, the growing demand for roof coatings in the Asia Pacific region due to rise in construction activities is expected to give the market a shot in the arm. The advantages offered by roof coatings such as emittance and reflectivity are impelling construction companies to employ them in buildings.

Roof coatings eventually help in decreasing the heat buildup inside commercial and residential spaces. They also reduce the dependence on air-conditioning systems, hence decreasing pollution and saving energy. The rising consumption of white coatings for roofs of commercial buildings is also expected to intensify the demand for roof coatings over the forthcoming years. Additionally, the growing application of coil coatings containing IR reflective pigments and the availability of various shades is expected to bode well for the growth of the market. The roof coatings employed in production units are also likely to witness a rise in their demand during the forecast period.
Global Roof Coatings Market: Regional Outlook
Geographically, the global roof coatings market is categorized into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. Among these, Asia Pacific is projected to witness strong growth in terms of consumption of roof coatings over the next couple of years. The growth of the market in Asia Pacific can be attributed to the burgeoning consumption of roof coatings in countries such as Thailand, Malaysia, Indonesia, India, and China. Moreover, the significant growth of the infrastructure and construction industries in Israel, Egypt, Saudi Arabia, South Africa, Argentina, and Brazil is further expected to accelerate the sales of roof coatings globally. Moreover, as developed regions such as Europe and the U.S. are recovering from an economic crisis, they are shifting their focus towards lowering the costs of energy and adopting alternative solutions.

Companies Mentioned in the Report

To retain a strong hold on the market, key players are focusing on capitalizing on the opportunities that are likely to arise from the untapped markets in developing countries. Thus, these companies are expanding their production units to cater the demands of the emerging economies. The leading players in the global roof coatings market are Bayer MaterialScience, Valspar Corporation, PPG Industries Inc., Akzo Nobel N.V., BASF SE, and 3M. 
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and
Post a Comment
Read more

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more