Big Market Research has added a report titled “Roof Coating Market by Type (Elastomeric, Bituminous, Tiles, Metals), Technology (Water Based, Solvent Based), Roof Type (Low Sloped, Steep Sloped), Equipment (Airless Sprayers, Brushes and Rollers) Application (Residential, Non-Residential) and Geography - Global Forecast to 2020.” As per the report the roof coating market in terms of type would register a CAGR of 5.79 percent during the forecast period of 2015 to 2020. The customized report provides business owners the advantages of advanced analytics on the aforesaid market, which is segmented on the basis of some key regions. Likewise, the market research report forecasts the revenue generation in areas such as Europe, ROW, North America and Asia – Pacific.
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Similarly, the smart data innovation service available through the report also segments the roof coating industry in terms of proceeds, predicted on the basis of uses. The report helps product managers and marketing executives get new insight on the significant growth shown with the comeback of the construction market after the economic setback through 2007 – 2008. The comprehensive data for evaluating the drivers such as cool roofing technology, which assures power saving and more is obtained in many forms. In order to support sustainability, eco-friendly technology is a new discovery in the roof coating industry worldwide. Similarly, prominent vendors in the sector are innovating latest technology to get sustainability.
The report brings to the fore that the roof coating segments worldwide has been expanding since the year 2009. Moreover, the study indicates that the aforementioned market it likely to generate about $1,310.74 by the end of 2020. This upward climb was made possible due to tremendous growth experience in the construction industry soon after the economic downfall. Research analysts preparing the report further disclose that regions like North America has accounted for approximately 50 percent of the entire share by value and it is followed by geographies such as Asia – Pacific and Europe. These analysts bring to the fore that the roof coating industry in developed nation has matured, while the segment in new markets such as India and China are believe to soar through 2015 to 2020.
By engaging both qualitative and quantitative research methodology the study concludes that the aforesaid market in China would expand by leaps and bounds, compared to any other nation. The research results show that increasing population in China paired by many new constructions coming up in the country are responsible for the growth of the roof coating market in terms of type. Additionally, rising disposable income in developing nations, government regulations to install cool roofing as well as changing outlook and preferences of many toward environment friendly construction techniques would add to the development of the roof coating industry.
Besides this, the entire roof coating segment would be witness a cut throat competition due to the existence of several small and big enterprises. The market research report also show that collaborations, product launches, expansions and more would be the core business strategies adopted by the prominent vendors to ensure market growth.
The leading players covered in the report includes The Dow Chemical Company (U.S.), Nippon Paint Co. Ltd (Japan), Sherwin-Williams (U.S.), .), BASF SE (Germany) and many more .
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