North American Roof Coating Market to See 6.2% Annual Growth Through 2023

Industry Responding to Demands for Waste Reduction, Energy Efficiency

May 02, 2019

WELLESLEY, Mass.,  May 02, 2019–Demands for reduced landfill waste and increased energy efficiency are helping to boost the roof coating market in North America, according to a report by BCC Research, “Coatings for Commercial and Residential Roofing: The North American Market.”

The market expects to see a compound annual growth rate (CAGR) of 6.2% through 2023, when it could be worth $1.3 billion, according to the report

Major players in the market include GAF, Sika, The Garland Co., Duro-Last and Acrymax Technologies.

Research Highlights

• Commercial coatings lead the market by size and growth, with a 2018 value of $900.5 million and a CAGR through 2023 of 6.3%.
• Institutional applications lead the commercial segment by size, with a 2018 value of $201.7 million, followed by government at $193.6 million and educational at $145.9.
• Reflective coatings lead the residential segment in size, with a 2018 value of $47 million, followed by standard coatings, with a 2018 value of $32.4 million.

“Today’s roofing industry as a whole, including the roof coatings industry, continues to demonstrate a strong interest in products that reduce landfill waste, contribute to a building’s energy efficiency, are made from recycled products, and are sustainable,” notes report author John Barrett. “The roofing industry appears to be on an environmental fast track with roofing manufacturers and contractors now offering more earth-friendly products and services than ever before.”

Market Challenges Include Cost Management, Labor Shortage

While the industry is generally positive, there are several challenges which manufacturers must address. Chief among those are managing costs while providing in-demand and innovative products. Meanwhile, there is a labor shortage in the construction industry in general and the roofing industry in particular, so manufacturers are working to provide products which do not require large amounts of labor to install. Finally, industry regulations continue to change and must be watched closely by market players.

Editors/reporters requesting analyst interviews should contact Sarah Greenberg at press@bccresearch.com.

Coatings for Commercial and Residential Roofing: The North American Market( AVM076B )
Publish Date: Apr 2019    

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.