Coatings for Commercial and Residential Roofing: The North American Market
October 11, 2011
Wellesley, Mass. – In a recent release, COATINGS FOR COMMERCIAL AND RESIDENTIAL ROOFING: THE NORTH AMERICAN MARKET (AVM076A) from BCC Research (www.bccresearch.com), the North American market for roof coatings was worth $750 million in 2011 and is projected to be valued at $984 million in 2016, a five-year compound annual growth rate (CAGR) of 5.6%.
The North American roof coating market can be broken down into four segments – polymer, reflective, bituminous, and polymer modified.
The polymer segment was worth $412.5 million in 2011 and in 2016 should be worth $501.9 million, a CAGR of 4%.
The reflective segment was worth $165 million in 2011 and in 2016 should be worth $284.4 million, a CAGR of 11.5%.
In 2011, the bituminous segment was valued at $135 million and should be worth $152.7 million in 2016, a CAGR of 2.5%.
The polymer modified segment, worth $37.5 million in 2011, should be worth $45 million in 2016, a CAGR of 3.7%.
Despite the recent economic downturn, consistent growth in this market is fueled by increasing demand for green roof technologies and cool roof technologies. Demand is expected to increase for several years. Factors contributing to this demand include governmental regulations, rising air conditioning and heating costs, California’s Title 24, flaws in and age of existing roofs, tax laws, and demand for increased profitability for businesses.
The industry is diverse, creative, and dynamic. The range of products currently on the market is very broad – far exceeding the ability of any manufacturer to dominate the industry. The roof coatings market consists of large manufacturers with a market share between 10% and 15% and many smaller producers that have the capability of growing into major brands.
The distribution channel for roof coatings in North America consists of 13 large manufacturers and 32 suppliers. Manufacturers and suppliers provide 2-step, 1-step, or retail distribution of roof coatings products. Currently, there are more than 350,000 contractors that service the commercial and residential roofing markets in North America.
This report is intended for individuals involved in or potentially interested in the North American roof coatings industry. This includes individuals and organizations involved in the development, formulation, manufacture, sale, and use of roof coatings, and related and ancillary businesses such as raw material suppliers, consultants, distributors, contractors, and builders.
Coatings for Commercial and Residential Roofing: The North American Market( AVM076A )
Publish Date: Sep 2011
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
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