Any kind of dampness in a structure, whether due to weather and external influences, or internal plumbing systems, affects its longevity adversely. It can lead to a number of issues such as deterioration of electrical fittings, softening and crumbling of plasters, efflorescence and metal corrosion. With the growing demand of quality infrastructure, the need for efficient liquid proofing has augmented to a new level. New structures as well as old have high demand of being weather-resistant and having highly elastic roofing solutions. This is a primary factor that is anticipate to auger the rise of the global liquid roofing market.
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Liquid roofing solutions involve the use of cold substances, unlike other processes used for coating. This offers high safety to residents, workers and contractors due to reduced risk of fire. Use of liquid roofing also aides in prevention of uneven spots, bumps, any overlaps over roof surface, etc. Additionally, liquid roofing systems are highly tenable, cost lower to maintain, are proven to be more durable than other water proofing systems, and lasts for a longer duration. While being an environment friendly option, the monolithic membrane structure used in liquid proofing contracts and expands with the changes in temperature.
Global Liquid Roofing Market: Trends and Opportunities
The use of reflective coatings for darker roofing options for achieving better reflection of heat is anticipated to uplift the market growth over the coming years. Using bitumen coatings as an agent for waterproofing is also expected to emerge as a winning trend over the years. There have been a number of regulations introduced by the Environment Protection Agency (EPA, U.S) that encourage use of asbestos in roofing materials.
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The ever rising concerns over the use of cool roofs for the benefit of the environment is expected to present bountiful opportunity to the market for liquid proofing. The growing need to reduce the carbon footprints is another factor that could contribute to rise in market demand in the upcoming years. The incrementing number of research activities currently associated with the cost cutting during roof installations is anticipated to positively influence the demand for the global liquid roofing market. Various advances in building aesthetics, efficiency of membrane materials used in coatings, and expanded use of acrylic resin are expected to be emerging points of interest in the market.
Global Liquid Roofing Market: Geographical Analysis
Developing regions are expected to witness a surge in the demand for liquid proofing, on account of the vast number of newly emerged industries and production facilities. These are expected to propel the demand liquid proofing solutions in the industrial and non-residential segment on a large basis. Geographies such as Asia Pacific, largely due to India, Japan and China, are considered to be among leading regions within this group.
Developed regions, such as Europe and North America are moving toward the construction of green and energy efficient structures. This is a vital factor that could provide an impetus to the growth of liquid proofing market in these regions. They also have an existing base of durable construction and industries, and the rise in demand for technological advances in residential areas is expected to contribute toward the popularity of liquid proofing systems. Thus, over the years, both emerging and developed geographies are anticipated to witness high demand for the market of liquid proofing.
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Organizations participating in the global liquid roofing market are anticipated to increasingly engage in strategic business decisions such as acquisitions, mergers and joint ventures to further strengthen their product portfolio, broaden their market presence and gain better position in the market revenue share.
Some of the prominent vendors of the worldwide liquid roofing market are Johns Manville Corporation, BASF SE, 3M Company, KEMPER SYSTEM Inc., Sika AG, Akzo Nobel, Saint-Gobain S.A., Kraton Performance Polymers Inc. and GAF Materials Corporation.