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
Recent Developments
Liquid Applied Roofing Market Scope
| Report Components | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 – 2030 |
| Quantitative Units | Revenue in US $ |
| Drivers |
|
| Challenges |
|
| Trends |
|
| Segments Covered | Type (Bituminous Membranes, Elastomeric Membranes, and Cementitious Membranes), Application (Roofing, Walls, Building Structures, and Roadways), and End-user (Residential Construction, Commercial Construction, and Public Infrastructure) |
| Countries Covered | U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, Mexico and Rest of South America as part of South America |
| Market Players Covered | BASF, Sika AG, Keshun Waterproofing Technologies, Dow Inc., Saint-Gobain, Carlisle Companies, Inc., and RPM International Inc. |
Discover exceptional experiences through testimonials from our satisfied customers.
"As for the experience of using your service, I overall enjoyed the interactions and the report. I thought your report reflects well the overall market trends and the key players.Your data on China, understandably, was partial at best, given the status of the industry and the regulatory compliance in China."
"Delighted with the affordable, in-depth report! Instant replies to queries made the project smooth. Met client expectations seamlessly with the invaluable insights provided. Highly recommend for quality and efficiency!"
