Among the various factors enabling growth in the global liquid roofing market, the rising demand for energy-efficient building is potentially the most crucial. Considering the pace of urbanization witnessed across emerging nations such as India and China, the demand for liquid roofing is projected to spur further in the coming years. Cost-effectiveness offered by liquid-roofing will act in the market’s favor as well. TMR Research in a report, titled “Liquid Roofing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” has offered the market’s comprehensive overview. The report covers myriad factors influencing the market’s trajectory and highlights prevent trends affecting the current market dynamics.
The report is intended at enabling stakeholders gain exhaustive information on the market’s investment feasibility. It also provides a 360 degree overview, helping readers become well-informed about the various facets of the global liquid roofing market. Despite showcasing significant growth potential, high cost of elastomeric membranes has remained a key challenge for the market. Nevertheless, and increasing number of companies are likely to gain from favorable government policies aimed at advancing infrastructure. Besides this, the rising demand for water management activities in Asia Pacific will enable the liquid roofing market gain pace in the coming years.
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An increasing number of property owners are opting for advanced reroofing systems to prevent chances of roof tear-off and refrain high replacement costs, which may occur in the long run. Liquid roofing costs nearly 30% of what could incur on roof replacement. In addition, it offers protection of more than 20 years besides several other benefits such as sustaining energy efficiency and waterproofing. The global liquid roofing market is expected to leverage the demand spurred by increasing applications of various coatings such as silicon. Also the market is likely to gain from the increased application of elastomeric membranes.
For the purpose of the study, the report has segmented the global liquid roofing market based on type and applications. Besides this, a thorough study of the regions offering the most lucrative prospects is carried out as well. According to the report, Asia Pacific is expected to remain at the forefront for the most part of the forecast period. The strong residential sector will prove a powerful booster of the liquid roofing market in Asia Pacific. In addition to this, the rising demand from emerging nations such as Indonesia, Turkey, India, and Brazil will give further impetus to the market. Considering the urbanization witnessed across emerging nations, growth will most likely be robust for the liquid roofing market in Asia Pacific. Also the regional market is expected to pick pace in response to the rising construction activities.
Besides this, competition among leading companies is expected to boost the global liquid roofing market in the forthcoming years. In order to remain competitive, the prominent market players are adopting decisive growth strategies such as collaborating with potentially large companies and investing on the development of novel products. The report compiles a detailed discussion on the strategies adopted by some of the prominent market players and the effect of the same on the overall liquid roofing market. The report also profiles some of the market players such as Bergquist Company, Parker Hannifin, 3M, Indium Corporation, Dow Chemical, Saint-Gobain, AkzoNobel N.V., and Badische Anilin und Soda Fabrik (BASF). This is intended to present insight into the competitive trends prevailing in the global liquid roofing market.
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