Liquid roofing systems coat roof surfaces in a liquid state, eventually curing to form a seamless and durable membrane. This membrane offers protection against UV radiation, water and acts as a safeguard for roof substrates from various environmental conditions. Liquid coating materials have a thicker consistency compared to standard household paint. They are specially engineered with increased elongation and tensile strength, enabling them to adapt to the expansion and contraction of roofing substrates without undergoing damage or distortion.

Hydraulic airless sprayers or tank spreaders are commonly used to apply most liquid membrane roofing. In specific cases, a squeegee or nap roller may be employed for certain applications, ensuring efficient and uniform coverage on the roof surface.

The Global Liquid Applied Roofing Market was valued at around US $3.21 BN in 2022 and is expected to reach US $5.89 BN by 2030 with a CAGR of 8.51% during the forecast period.

Factors Driving the Market

Drivers

Increasing investment in the infrastructure development

The liquid-applied roofing systems are heavily used in various construction applications such as new building projects, roof refurbishment and renovation, complex roof designs, balconies and terraces and high-performance coatings. Liquid Applied Roofing is commonly used in new building construction, whether for commercial, industrial, or residential structures. Its liquid form allows it to be applied directly to various roofing substrates, including concrete, metal, and bitumen, creating a seamless and uniform membrane that provides excellent waterproofing protection. Liquid Applied Roofing is an ideal choice for roof refurbishment projects. It can be used to overlay existing roofing materials, effectively extending the life of the roof and preventing water leakage. Its ability to adhere to various surfaces ensures a strong bond and minimizes the need for costly and time-consuming tear-off procedures.

Furthermore, Liquid Applied Roofing offers flexibility in application, making it suitable for roofs with irregular shapes, multiple penetrations, and complex architectural designs. It can be easily molded and applied around protrusions, vents, and other roof elements, creating a seamless and watertight finish. Owing to the high benefits of liquid-applied roofing, this system is heavily used to construct new and renovate residential, commercial and institutional buildings. Increasing initiatives for developing green buildings across the globe to reduce the overall carbon footprint of the building emission. For instance, in February 2023, the government of India announced tax benefits for the Design-certified building. As per the initiative, the Indian government provides low-interest loans through the Indian Renewable Energy Development Agency (IREDA) for building projects.

Other drivers include increasing demand for waterproof roofing.

Challenges

Availability of substitutes such as sheet membranes

The global Liquid Applied Roofing market has witnessed steady growth over the years due to its various benefits and applications in the construction industry. However, the market also faces challenges, including the availability of substitutes, such as sheet membranes, restraining its further expansion.

Sheet membranes, often made from bitumen or synthetic rubber, offer an alternative solution for waterproofing and roofing needs. They come in pre-manufactured rolls or sheets, making their installation relatively straightforward. The availability and familiarity of sheet membranes in the market have made them a viable choice for many construction projects.

One of the key advantages of sheet membranes is their ease of installation, which can be quicker than liquid-applied roofing systems. Contractors and builders accustomed to sheet membranes may hesitate to switch to liquid-applied roofing as it might require a different skill set and specialized equipment. Cost-effectiveness can also be a factor that makes sheet membranes appealing to some customers. In certain cases, sheet membranes may offer a more budget-friendly option for roofing projects, especially for those with larger surface areas.

Other challenges include difficulty in application and the slippery nature of liquid roofing.

Trends

Increasing demand for green roofs

Green roofs contribute significantly to environmental sustainability. Liquid-applied green roofs help to reduce the temperature of the inside building by dissipating and absorbing the heat from the sun. The vegetation on green roofs also improves air quality by capturing pollutants and carbon dioxide. Liquid applied green roofs provide insulation for the building from the external environment. Owing to this insulting property of liquid-applied green roofs, the overall energy consumption of the building reduces and decreases overall carbon emissions. The increasing demand for green roofs shapes the global Liquid Applied Roofing market. As the benefits of green roofs become more apparent to building owners, architects, and policymakers, the market for liquid-applied roofing systems is witnessing growth driven by the demand for sustainable and environmentally friendly roofing solutions. Manufacturers and suppliers in the Liquid Applied Roofing market are responding to this trend by developing specialized products and solutions tailored to the unique requirements of green roof installations.

Other trends include the increasing number of new product launches.

Market Segmentation

By Type

Based on Type, the market is divided into bituminous membranes, elastomeric membranes, and cementitious membranes. Elastomeric membranes led the global liquid applied roofing market in 2022 and are expected to continue to lead the market during the forecast period. It is expected to put the highest CAGR over the forecast period. This segment contributed around XX% in 2022. Elastomeric membranes are liquid-applied roofing systems of flexible and stretchable materials, typically made from synthetic rubber or polymeric compounds. These membranes exhibit elastomeric properties, meaning they can expand and contract without undergoing significant damage, making them ideal for applications in various weather conditions and temperature fluctuations.

Elastomeric membranes can be easily applied to roofing substrates, including concrete, metal, and asphalt. Their flexibility allows them to conform to irregular roof surfaces and accommodate structural movements, ensuring a continuous and secure roof system. The combination of superior waterproofing capabilities, durability, flexibility, energy efficiency, and sustainability has fueled the growth of elastomeric membranes in the global liquid applied roofing market.

By Application

Based on the Application, the market is divided into roofing, walls, building structures, and roadways. The automotive segment holds the largest market share in 2022, and it is also expected to hold the highest CAGR over the forecast period. This segment contributed around XX% in 2022. Liquid-applied roofing is gaining popularity as a versatile and effective solution in the construction industry. It involves the application of liquid coatings or membranes directly onto the roof surface, which then cures to form a seamless and durable roofing system. This method offers several advantages over traditional roofing materials and has contributed to the growth of the liquid applied roofing market. One of the primary benefits of liquid applied roofing is its superior waterproofing capabilities. The seamless nature of the application ensures no gaps or joints where water can penetrate, minimizing the risk of leaks and water damage.

Building structures will be the fastest-growing segment during the forecast period, with a CAGR of around XX%. Liquid roofing is applied to structures for various advantages such as waterproofing, complex roof designs, roof refurbishment and renovation, etc. Liquid applied roofing provides a seamless and continuous membrane over the entire roof surface, ensuring excellent waterproofing performance. This seamless application eliminates potential weak points like joints and seams, significantly reducing the risk of water leakage and damage to the building structure.

By End-user

Based on the end-user, the market is divided into residential construction, commercial construction, and public infrastructure. The automotive segment led the global liquid applied roofing market in 2022 and is expected to continue to lead the market during the forecast period. This segment contributed around XX% in 2022. The residential construction sector is the largest end-user segment for the liquid applied roofing market, driving substantial demand for these roofing systems. Liquid applied roofing has gained popularity in residential applications due to its numerous advantages and suitability for various roofing requirements in homes.

Commercial construction will be the fastest-growing segment during the forecast period, with a CAGR of around XX%. The increasing number of commercial construction projects across various countries worldwide is driving segment growth. For instance, In September 2022, OVHCloud announced the commencement of construction activities for a new data center facility in Limburg, Germany. The French data center provider aims to expand its presence on a global scale, and establishing the Limburg facility is a strategic move to take advantage of the increasing demand for data centers in the European market.

By Regions

The market is divided by geography into North America, Europe, APAC, and others. Asia Pacific led the dengue market in 2022 with a market share of around XX%. The government initiatives for construction projects across the region and the increasing population and urbanization are driving the market growth.

During the forecast period, Europe will be the fastest-growing region, with a CAGR of around XX%, due to increasing water and waste management concerns. Also, increasing government initiatives across the region for adopting Liquid Applied Roofing is expected to drive market growth across the region.

Competitive Landscape

BASF SE. Dominates the Market. The company was established in 1865. The company offers polymer-modified asphaltic waterproofing, cementitious coatings, mastic and waterproof coasting. The company manufactures liquid applied roofing made from bitumen, EPDM, HDPE, PVC or TPO and over more costly reactive chemistries such as crystalline waterproofing and PU/polyurea/epoxy-based systems. The company has a presence across regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Sika AG is the second revenue generator in the market. The company manufactures liquid applied roofing membranes Ideal for exposed roofs with a large number of complicated details and penetrations, cost-effective, especially for roof renovations and roof repair projects, seamless, fill in cracks, gaps and voids in the substrate, easy and safe application, durable, rapid curing and excellent adhesion to all kinds of surfaces and applicable for a multitude of waterproofing needs, not only roofs.

Other Companies Developing Liquid Applied Roofing

• Keshun Waterproofing Technologies – Keshun Waterproof Technologies Co., Ltd. is a company based in China that primarily focuses on researching, developing, manufacturing, and selling innovative waterproof materials for architectural applications. Additionally, the company offers ..waterproof construction services to its customers.
• Dow Inc. – Dow Inc. is a global material science company. The company operates its various business through its subsidiaries. The company manufactures roofing membranes with properties such as flexibility, long-lasting, waterproof performance for flat and low-sloped roofs.
• Saint-Gobain – Saint-Gobain is a construction and building product manufacturing company. The company manufactures liquid applied roofing materials such as webertec mixIL, webertec SBR, webertec SBR and others.
• Carlisle Companies, Inc.–Carlisle Companies Inc (Carlisle) is a designer, manufacturer and distributor of construction materials and industrial products. It manufactures roofing, rubber, polyvinyl chloride membrane and thermoplastic polyolefin.
• RPM International Inc.– RPM International Inc (RPM) is a manufacturer of specialty chemical products. The company produces, markets, and sells various specialty chemical product lines, including high-quality specialty paints, roofing systems, protective coatings, sealants, and adhesives.

Recent Developments

2. January 18, 2023: Sika AG and INEOS Enterprises have agreed to acquire MBCC Group's admixtures business within specific regions. The regions covered include the United States, Canada, Europe, the United Kingdom, Australia, and New Zealand. This acquisition is part of the remedy process required for Sika's acquisition of MBCC Group.
3. December 21, 2022: Sika recently celebrated opening a new facility in China dedicated to producing liquid membranes and mortar. This plant's establishment enhances and extends the company's presence in the region while catering to the increasing demand for top-notch, eco-friendly products within the construction sector. 

Liquid Applied Roofing Market Scope

Table of Contents

1... Introduction

1.1 Research Scope

1.2 Market Segmentation

1.3 Research Methodology

2... Executive Summary

3... Market Dynamic

3.1             Market Drivers

3.2             Market Restraints

3.3             Market Opportunities

4... Key Insights

4.1             Number of Major Developments on Liquid applied roofing Performed in Key Countries, 2021/2022

4.2             New Product Launches, By Key Players

4.3             Key Industry Developments

4.4             Impact of COVID-19 on the Liquid applied roofing Market

4.5             Regulatory & Reimbursement Scenario, By Key Countries

5... Global Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

5.1             Market Analysis, Insights and Forecast – By Type

5.1.1            Bituminous Membranes

5.1.2            Elastomeric Membranes

                          5.1.3           Cementitious Membranes

5.2             Market Analysis, Insights and Forecast – By Application

5.2.1            Roofing

5.2.2            Walls

5.2.3         Building Structures

                          5.2.4           Roadways

 5.3           Market Analysis, Insights and Forecast – By End-user

5.2.1            Residential Construction

5.2.2            Commercial Construction

5.2.3         Public Infrastructure

5.5             Market Analysis, Insights and Forecast – By Region

5.5.1            North America

5.5.2            Europe

5.5.3            Asia Pacific

5.5.4            Latin America

5.3.5            Middle East & Africa

6... North America Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

6.1             Market Analysis, Insights and Forecast – By Type

6.1.1            Bituminous Membranes

6.1.2            Elastomeric Membranes

                          6.1.3           Cementitious Membranes
                          6.1.4           Others

6.2             Market Analysis, Insights and Forecast – By Application

6.2.1            Roofing

6.2.2            Walls

6.2.3            Building Structures

                         6.2.4           Roadways

         6.3           Market Analysis, Insights and Forecast – By End-user type

6.2.1            Residential Construction

6.2.2            Commercial Construction

6.2.3         Public Infrastructure

6.3          Market Analysis, Insights and Forecast – By Country

6.3.1            U.S.

                     6.3.1.1 By Type

6.3.2            Canada

                     6.3.2.1 By Type

7... Europe Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

7.1             Market Analysis, Insights and Forecast – By Type

7.1.1            Bituminous Membranes

7.1.2            Elastomeric Membranes

                          7.1.3           Cementitious Membranes
                          7.1.4           Others

7.2             Market Analysis, Insights and Forecast – By Application

7.2.1            Roofing

7.2.2            Walls

7.2.3            Building Structures

                          7.2.4           Roadways
                       

   7.3           Market Analysis, Insights and Forecast – By End-user type

7.2.1            Residential Construction

7.2.2            Commercial Construction

7.2.3         Public Infrastructure

                      7.3   Market Analysis, Insights and Forecast – By Country

7.3.1            Germany

                     7.3.1.1 By Type

7.3.2            U.K.

                     7.3.2.1 By Type

7.3.3            France

                     7.3.1.1 By Type

7.3.4            Italy

                     7.3.4.1 By Type

7.3.5            Spain

                     7.3.5.1 By Type

7.3.6            Scandinavia

                     7.3.6.1 By Type

7.3.7            Rest of Europe

                     7.3.7.1 By Type

8... Asia Pacific Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

8.1             Market Analysis, Insights and Forecast – By Type

8.1.1            Bituminous Membranes

8.1.2            Elastomeric Membranes

8.1.3            Cementitious Membranes

                            8.1.4           Others

8.2             Market Analysis, Insights and Forecast – By Application

8.2.1            Roofing

8.2.2            Walls

8.2.3            Building Structures

                         8.2.4          Roadways

       8.3           Market Analysis, Insights and Forecast – By End-user type

8.2.1            Residential Construction

8.2.2            Commercial Construction

8.2.3         Public Infrastructure

8.3             Market Analysis, Insights and Forecast – By Country

8.3.1            China

                     8.3.1.1 By Type

8.3.2            India

                     8.3.2.1 By Type

8.3.3            Japan

                     8.3.1.1 By Type

8.3.4            Australia

                     8.3.2.1 By Type

8.3.5            Southeast Asia

                     8.3.1.1 By Type

8.3.6            Rest of Asia Pacific

                     8.3.2.1 By Type

9... Latin America Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

9.1             Market Analysis, Insights and Forecast – By Type

9.1.1            Bituminous Membranes

9.1.2            Elastomeric Membranes

9.1.3            Cementitious Membranes

                            9.1.4           Others

9.2             Market Analysis, Insights and Forecast – By Application

9.2.1            Roofing

9.2.2            Walls

9.2.3            Building Structures

                         9.2.4          Roadways
                         

          9.3           Market Analysis, Insights and Forecast – By End-user type

9.2.1            Residential Construction

9.2.2            Commercial Construction

9.2.3         Public Infrastructure

9.3             Market Analysis, Insights and Forecast – By Country

9.3.1            Brazil

                     9.3.1.1 By Type

9.3.2            Mexico

                     9.3.2.1 By Type

9.3.3            Rest of Latin America

                     9.3.1.1 By Type

10. Middle East & Africa Liquid applied roofing Market Analysis, Insights and Forecast, 2019-2030

10.1           Market Analysis, Insights and Forecast – By Type

10.1.1          Bituminous Membranes

10.1.2          Elastomeric Membranes

10.1.3          Cementitious Membranes

                            10.1.4         Others

10.2           Market Analysis, Insights and Forecast – By Application

10.2.1          Roofing

10.2.2          Walls

10.2.3          Building Structures

                         10.2.4        Roadways

       10.3           Market Analysis, Insights and Forecast – By End-user type

10.2.1          Residential Construction

10.2.2          Commercial Construction

10.2.3       Public Infrastructure

10.3           Market Analysis, Insights and Forecast – By Country

10.3.1          GCC Countries

                     10.3.1.1 By Type

10.3.2          South Africa

                     10.3.2.1 By Type

10.3.3          Rest of Middle East & Africa

                     10.3.1.1 By Type

11. Competitive Analysis

11.1           Global Market Share Analysis (2022)

11.2           Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))

11.2.1          BASF

11.2.1.1 Overview

11.2.1.2 Products

11.2.1.3 SWOT analysis

11.2.1.4 Recent developments

11.2.1.5 strategies

11.2.1.6 financials (based on availability)

11.2.2           Sika AG

11.2.2.1 Overview

11.2.2.2 Products

11.2.2.3 SWOT analysis

11.2.2.4 Recent developments

11.2.2.5 strategies

11.2.2.6 financials (based on availability)

11.2.3           Keshun Waterproofing Technologies

11.2.3.1 Overview

11.2.3.2 Products

11.2.3.3 SWOT analysis

11.2.3.4 Recent developments

11.2.3.5 strategies

11.2.3.6 financials (based on availability)

11.2.4           Dow Inc.

11.2.4.1 Overview

11.2.4.2 Products

11.2.4.3 SWOT analysis

11.2.4.4 Recent developments

11.2.4.5 strategies

11.2.4.6 financials (based on availability)

11.2.5           Saint-Gobain

11.2.5.1 Overview

11.2.5.2 Products

11.2.5.3 SWOT analysis

11.2.5.4 Recent developments

11.2.5.5 strategies

11.2.5.6 financials (based on availability)

11.2.6           Carlisle Companies, Inc.

11.2.6.1 Overview

11.2.6.2 Products

11.2.6.3 SWOT analysis

11.2.6.4 Recent developments

11.2.6.5 strategies

11.2.6.6 financials (based on availability)

11.2.7           RPM International Inc.

11.2.7.1 Overview

11.2.7.2 Products

11.2.7.3 SWOT analysis

11.2.7.4 Recent developments

11.2.7.5 strategies

11.2.7.6 financials (based on availability)

11.2.8           John Flower Limited

11.2.8.1 Overview

11.2.8.2 Products

11.2.8.3 SWOT analysis

11.2.8.4 Recent developments

11.2.8.3 strategies

11.2.8.6 financials (based on availability)

11.2.9           Apollo Roofing Solution

11.2.9.1 Overview

11.2.9.2 Products

11.2.9.3 SWOT analysis

11.2.9.4 Recent developments

11.2.9.5 strategies

11.2.9.6 financials (based on availability)

11.2.10         GAF Inc.

11.2.10.1 Overview

11.2.10.2 Products

11.2.10.3 SWOT analysis

11.2.10.4 Recent developments

11.2.10.5 strategies

11.2.10.6 financials (based on availability)

Global Liquid Applied Roofing Market Segmentation

Liquid Applied Roofing by Type: Market Size & Forecast 2023-2030

• Bituminous Membranes
• Elastomeric Membranes
• Cementitious Membranes

Liquid Applied Roofing by Application: Market Size & Forecast 2023-2030

• Roofing
• Walls
• Building Structures
• Roadways

Liquid Applied Roofing by End-user: Market Size & Forecast 2023-2030

• Residential Construction
• Commercial Construction
• Public Infrastructure

Liquid Applied Roofing by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• BASF
• Sika AG
• Keshun Waterproofing Technologies
• Dow Inc.
• Saint-Gobain
• Carlisle Companies, Inc.
• RPM International Inc.