Liquid roofing is a process where waterproofing of a roof is carried out by application of a specific liquid roof coating. Liquid roofing systems are cold applied systems for both cold and warm roof designs, which convert into flexible waterproof coatings which are designed to adjust themselves to fixings, welds, seams and joints. Liquid roofing can be applied to various materials such as concrete, asbestos, felt, and metal. It provides enduring protective solutions for all types of roofs shapes, either domed, flat, or pitched. The coating forms a rubber-like elastomeric waterproof membrane, which has a property of stretching and returning to its original shape without any damage or rupture. Liquid roofing coating systems are coupled with secondary materials such as glass-reinforced plastics, which can be applied over conventional roofing materials, which include felt, asphalt, bitumen, and concrete.
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The process of liquid roofing involves usage of cold materials, unlike other coating processes and hence, mitigates any fire risk and promises high safety to occupants, contractors, workers, etc. Additionally, liquid roofing also prevents issues such as bumps, uneven spots, and overlaps on roofs, which lead to water pooling, a major problem against water proofing systems. Furthermore, liquid roofing systems are sustainable, unlike other roofing systems, which are durable, lasts for a longer time, and require low maintenance cost. Liquid roofing is also environmental-friendly, and the monolithic membrane is a durable roofing system, which expands and contracts along the rooftop as per the variations in the temperature.
Rising population, increase in standard of living of people, and expansion of the construction industry are some factors that drive the liquid roofing market. Urbanization, growing concerns related to infrastructure development, and M&A activities by various players are other major drivers propelling the liquid roofing market.
Factors such as high costs of liquid roofing systems, as compared to its alternatives, and difficulties in the proper application of elastomeric membranes are some factors hindering the liquid roofing market.
Based on type, the liquid roofing market can be segmented into polyurethane coatings, acrylic coatings, bituminous coatings, PU/Acrylic hybrids Modified silane polymer, EPDM rubbers, epoxy coatings, silicone coatings, elastomeric membrane, and others.
In terms of end-use application, the liquid roofing market can be segmented into residential buildings, industrial facilities, commercial buildings, and public infrastructure.
Based on geography, the liquid roofing market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific a rapidly expanding market for liquid roofing system due to the increased demand for construction from emerging economies such as Japan, China, and India. Increased efforts by the government of emerging economies towards developing energy-efficient buildings, and focus on sustainability parameters prevailing in these countries are propelling the liquid roofing market in Asia Pacific. North America and Europe are following similar lines of demand for the liquid roofing systems as these regions have strong focus on the development of construction and industrial sectors.
Key players operating in the liquid roofing market include 3M Company, BASF SE, Akzo Nobel, Johns Manville Corporation, Kraton Performance Polymers Inc., GAF Materials Corporation, KEMPER SYSTEM Inc., Saint-Gobain S.A., and Sika AG.
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