The global roof coating market is expected to reach $10.16 billion by 2029, at a CAGR of 3.1%, according to a new report by MarketsandMarkets. The report attributes this growth to the increasing demand for roof coatings that offer energy efficiency, protection and longer service life.

Image courtesy of MarketsandMarkets. 

Roof coatings are used to protect and extend the life of roofs, as well as to improve energy efficiency. They are typically applied to flat, low-sloped and steep-sloped roofs, and can be made from a variety of materials, including bituminous, acrylic, silicone, epoxy and polyurethane.

The report also highlights the growing popularity of silicone roof coatings, which are known for their durability and water resistance. Silicone coatings are particularly well-suited for flat and low-sloped roofs, and are often used in areas with heavy rainfall or standing water.

In addition to the residential sector, the report notes that the commercial and industrial sectors are also driving demand for roof coatings. The report cites the need for roof coatings that can withstand harsh weather conditions and provide long-term protection.

The report also highlights the growing demand for eco-friendly roof coatings, particularly in the Asia Pacific region. The region is the third-largest market for roof coatings, and is expected to see significant growth in the coming years.

Access the full report here.