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
“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.
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Coatings for Commercial and Residential Roofing: The North American Market( AVM076B )
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