North American Liquid Applied Roofing Market is Forecasted to Reach US$0.7 Billion in 2028, Says Stratview Research

The global North American Liquid Applied Roofing Market size is projected to reach US$0.7 billion by 2028, witnessing a market growth CAGR of 4.3% from 2023 to 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American Liquid Applied Roofing Market  which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the North American Liquid Applied Roofing Market :

The global North American Liquid Applied Roofing Market is segmented based on End-user type, Material type, and region.

Based on Substrate type –

• Among substrate types, concrete is poised to maintain its dominance during the forecast period. Concrete roofs are constructed with a mixture of cement, aggregates, and water, providing exceptional durability and weather resistance.
• They are ideal for flat or low-sloped roofs and offer a long lifespan. Concrete substrates are relatively heavy, and their installation may require additional structural support. On the other hand, bitumen roofs, also known as asphalt roofs, comprise layers of bitumen-saturated organic or fiberglass felts.
• They also account for a reasonable market share and are commonly used in both residential and commercial roofing applications owing to their flexibility and ease of installation. Bitumen roofs are lighter than concrete roofs, making them suitable for a broader range of buildings. However, they may have a shorter lifespan compared to concrete roofs and might require more frequent maintenance.

Based on the Material type –

• The market is segmented into acrylic, asphalt, polyurethane, silicone, and others. Acrylic is poised to retain its dominant position in the North American Liquid Applied Roofing Market. 
• The popularity of acrylic roofing solutions has surged due to their versatile and cost-effective nature, making them feasible over different roofing substrates such as metal, single-ply membranes, built-up roofs, and modified bitumen systems. They contribute to energy efficiency by reflecting solar heat and reducing cooling loads, leading to potential energy savings.
• Their UV resistance prolongs the lifespan of roofing systems by preventing premature degradation, while their flexibility allows them to accommodate roof movements without cracking.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

·       The USA region is poised to remain the largest country in the North American Liquid Applied Roofing market during the forecast period. 

·       The region is the hub of major players such as Carlisle Companies Inc., The Garland Company, Sika USA, Johns Manville, GAF Materials, Western Colloid, American Weatherstar, and Polyglass USA, catering to the domestic as well as international roofing market.

·       Inceasing housing starts, strong re-roofing demand, and stricter building energy codes in the country have led to the dominance of the country’s market in the region. 

North American Liquid Applied Roofing Market Drivers:

• Growing demand for cost-effective roof repair and refurbishment is increasing the adoption of liquid applied roofing systems across commercial and industrial buildings.
• Rising focus on energy-efficient and reflective roofing solutions is driving the use of liquid applied coatings to improve building energy performance.
• Increasing construction and renovation activities across residential and commercial sectors are boosting demand for advanced roofing materials.
• The ability of liquid applied roofing to provide seamless waterproofing and easy application is encouraging its use in complex roof structures.
• Growing emphasis on sustainable and long-lasting roofing systems is supporting the adoption of liquid applied roofing solutions.

Competitive Landscape: Top Companies in the North American Liquid Applied Roofing Market  :

The global market for transportation fuel cell stack systems is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

• Sika AG
• Dow Inc.
• GAF Materials
• Saint-Gobain
• Carlisle Companies, Inc.
• RPM International Inc.
• Polyglass USA
• The Garland Company

Note: The above list does not necessarily include all the top players in the market.

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