Cold Applied Roof Coatings Market: Overview
Roof coatings are designed for protecting and extending the
service life of roofs. Roof coating products provide superior durability to new
construction roofing systems and existing roof coverings such as metal,
modified bitumen, and single-ply membranes. Cold applied roof coatings are
waterproofing or roofing applications that uses cold adhesives such as
solvent-based and water-based systems. These coatings usually use applications
that are not torched or mopped down. Furthermore, cold applied roof coatings
are designed to eliminate concerns associated with hot bitumen applications.
Increasing demand for energy consumption roofing products across the globe and
advantages such as economic factors for contractors and environmental, health,
and safety issues are projected to drive the cold
applied roof coatings market during the forecast period.
Cold Applied Roof Coatings Market: Key
Segments
Based on system type, the cold applied roof coatings market can
be segmented into cold process systems and cold adhesives. Cold-process systems
consist of multiple plies of reinforcement sheets that are set in a roofing
system. These systems are often referred to as cold-process BUR systems, as the
application procedures is similar to hot applied BUR systems. Commonly employed
reinforcement felts are manufactured from fiberglass or polyester, which are
either stitch bound or spun bound. Less use of the process has compelled manufacturers
to emphasize on development of products and technology on cold applied roofing
systems and materials. This, in turn, drives the cold applied roof coatings
market. Furthermore, rise in environmental regulations of hot-applied systems
and development of new materials and technology are projected to boost the cold
applied roof coatings market during the forecast period.
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In terms of application, the cold applied roof coatings market
can be bifurcated into existing roofs and new roof systems. A major advantage
of cold-applied systems is that these can be employed in tight, constrained
areas. Cold-applied systems can be used in areas with substantial amount of
equipment, particularly low-profile equipment. Furthermore, high-rise buildings
are also well-suited for cold applied systems.
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Cold Applied Roof Coatings Market:
Regional Outlook
Based on region, the global cold applied roof coatings market
can be divided into North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. The U.S. is the world’s leading consumer of cold
applied roof coatings. Increasing demand for cost effective roofing products,
and effective energy consumption roofing products is driving the cold applied
roof coatings market growth in North America. Furthermore, due to the
implementation of stringent government regulations on construction products in
Europe is projected to drive the cold applied roof coatings market in the
region during the forecast period. Asia Pacific accounts for a dominant share
of the global cold applied roof coatings market due to rise in infrastructure
development activities and increase in government initiatives to fuel
construction activities in developing economies in the region. Sales of cold
applied roof coatings is increasing in Latin America and Middle East &
Africa owing to the rise in the construction activities in these regions.
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Cold Applied Roof Coatings Market: Key
Players
Major players operating in the global cold applied roof coatings
market include BASF SE, PPG Industries Inc., Tremco Incorporated, TOR coatings,
Henry coatings, and LymTal International Inc. Manufacturers adopt strategies
such as agreements and joint ventures to maintain a strong foothold in the
market and cater to the rising demand for cold applied roof coatings from
consumers.
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