Roof Coatings in the Commercial Roofing Industry has a great future for Restoring Commercial, Industrial Roofs!
Reflective roof coatings are the fastest-growing product part in the fluid-applied roofing business. Cool roof coatings decrease energy consumption as well as fit more stringent cool roof performance conditions in the building codes. They also do much more: they restore, preserve and beautify most waterproofing systems and lengthen the life of almost any low-slope rooftop (including metal).
As legislators, architects, and property landlords embrace the idea that building design has a meaningful impact on energy consumption and sustainability, they also recognize that white coatings offer big advantages with few drawbacks. Energy efficiency initiatives are advancing the use of cool roofs, and some construction codes are now requiring the use of reflective roofs.
Even contractors who have shied away from marketing restorative roof coatings are recognizing the opportunities. Some have even begun installing these products themselves rather than subbing them out to coatings specialists.
The global cool roof coating market industry is expected to reach USD 5.41 billion by 2025, according to a new article by Grand View Research, Inc. Favorable regulations to lower energy waste are likely to be a major factor for rising popularity of cool roof coatings. Cool roof coatings serve to reduce the heat buildup within the homes, thus resulting in lower dependency on air conditioning. This contributes to cut the energy costs. Cool roof coatings help in alleviating the damage caused by harmful UV radiation and structural deformations that may occur due to temperature fluctuations.
The decrease in usage of titanium dioxide for the production of cool roof coatings is expected to remain a key difficulty as titanium dioxide is a primary cause of photocatalysis heading to degradation of paint binders. The sturdiness of the paint used also plays a key role in defining the characteristics of the cool roof systems as it changes the entire solar reflectance (TSR) of the coating.
Development of cool roof coatings for metal roof systems is supposed to create new avenues for market members in roof coating industry. The market is expected to focus on developing technology to improve the UV protection of the coatings.
- The global cool roof coating market was 37.7 million liters in 2015 and is anticipated to reach 78.5 million by 2025, increasing at a CAGR of 7.6% from 2016 to 2025
- Elastomeric coating appeared as the leading product part and accounted for over 65% of total market share in 2015. IR Reflective coatings are required to experience higher growth owing to their strength to keep objects cooler as contrasted to standard pigments. These coatings also help to extend the product life cycle.
- Slow-sloped roofs emerged was the first application segment with demand share passing 60% in 2015. Steep-sloped roofs are anticipated to testify the fastest growth of 7.9% on account of rising interest for these types of roofs for the construction of residential rooftops. Those type of roofs also provides an aesthetic appeal to the house.
- The industrial sector is supposed to remain the leading consumer with 38% of the market. Heat reflectance plays a significant role in reducing the internal transfer of heat which is expected to drive this segment.
- Key participants operating in the market space are Sherwin-Williams, Valspar, The Dow Chemical Company, Nippon Paints, GAF Materials, Sika Sarnafil, Nutech Paints and Monarch Industries. Along with major coating companies like Conklin Coatings, Hydrostop Coatings, Aldo Coatings, and Gaco Western.
It’s no surprise that reflective roof coatings remain the fastest-growing product segment in the fluid-applied roofing market. Cool roof coatings can lower energy consumption – a key goal of state and federal regulators – as well as meet more stringent cool roof performance requirements in the building codes.
Why our Team at White Roofing Systems use
Conklin Roof Coatings in their Roofing business!