Liquid Roofing Global Market Report 2024

Liquid roofing involves the application of roofing systems in liquid form onto roof surfaces. This process entails coating the roof with liquid substances to create a seamless, UV-resistant, and waterproof membrane. The goal is to act as a protective shield, guarding roof substrates against the damaging effects of the sun, rain, and other environmental conditions.

There are various types of liquid roofing, including polyurethane coatings, acrylic coatings, PU/acrylic hybrids, bituminous coatings, silicone coatings, modified silane polymers, EPDM rubbers, elastomeric membranes, cementitious membranes, and epoxy coatings. Polyurethane coatings, for instance, form a protective layer that shields substrates from corrosion, weathering, abrasion, and other degrading processes. These coatings find application on flat roofs, pitched roofs, domed roofs, and are utilized in residential buildings, industrial facilities, commercial buildings, and public infrastructure.

The liquid roofing market research report is one of a series of new reports that provides liquid roofing market statistics, including liquid roofing industry global market size, regional shares, competitors with a liquid roofing market share, detailed liquid roofing market segments, market trends and opportunities, and any further data you may need to thrive in the liquid roofing industry. This liquid roofing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The liquid roofing market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed in the historical period can be attributed to the expansion of commercial real estate, development in industrial infrastructure, emphasis on energy efficiency, the implementation of sustainability initiatives, and advancements in residential roofing.

The liquid roofing market size is expected to see strong growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be linked to the pursuit of net-zero building goals, adherence to cool roof regulations, addressing the needs of an aging population in facilities, bolstering climate change resilience, and the influence of industrial chemicals. Noteworthy trends expected during this period encompass the adoption of smart roofing solutions, integration of solar roofs, advancements in waterproofing technology, the implementation of rainwater harvesting, and the widespread adoption of sustainable roofing solutions.

The surge in demand for energy-efficient buildings is a key driver for the expansion of the liquid roofing market. Energy-efficient buildings aim to significantly reduce the energy required for heating and cooling, irrespective of the energy source or equipment employed. With urbanization on the rise and global warming concerns intensifying, the demand for energy-efficient buildings is experiencing notable growth. Liquid roofing emerges as a crucial component, providing superior waterproofing, sustainability, and renewability, contributing to cost-effectiveness and reduced energy consumption in buildings. The increasing need for liquid roofing is a direct response to the escalating demand for energy-efficient buildings. Notably, Energy Star, a program led by the U.S. Environmental Protection Agency and the U.S. Department of Energy, reported that in 2021, over 6,100 commercial buildings received the ENERGY STAR recognition, resulting in savings of $1.6 billion and preventing over 4.6 million metric tons of CO2 emissions. Additionally, according to the UK Ministry of Housing, there was a 16% increase in the submission of energy performance certificates (EPCs) for new build homes in the 12 months leading up to June 2021. As a consequence, 85% of new homes in England and Wales now boast the most energy-efficient categories, marked with an A or B energy rating, indicating a growth in the availability of green and energy-efficient homes. Hence, the escalating demand for energy-efficient buildings is poised to boost the need for liquid roofing, driving the overall growth of the liquid roofing market.

The increasing demand for residential projects is anticipated to be a significant catalyst for the expansion of the liquid roofing market. Residential projects encompass a diverse range of construction endeavors aimed at creating living spaces. Liquid roofing plays a vital role in these projects, contributing to roof repairs, maintenance, reflective coating, waterproofing, and UV protection. For example, as of July 2023, This Old House Ventures Inc., a U.S.-based multi-home enthusiast platform, reported that the value of new residential construction projects in the U.S. reached an estimated $881 billion in 2022, reflecting a 12% increase from 2021. This upswing in demand for residential projects is expected to be a driving force behind the growth trajectory of the liquid roofing market in the foreseeable future.

The liquid roofing market is witnessing a notable trend, with the introduction of new products gaining popularity. Companies are actively engaging in the development and launch of innovative solutions, incorporating enhanced features like superior anti-corrosion properties and long-lasting performance. These new product launches are strategically aimed at meeting market demands and capturing additional business opportunities. For example, in January 2021, Mallard Creek Polymers, a U.S.-based manufacturer and supplier of styrene acrylic emulsion polymers to the elastomeric roof coatings industry, unveiled Rovene 6120. This all-acrylic emulsion polymer is designed for highly durable elastomeric roof coatings, adhering to ASTM D 6083 standards. Rovene 6120 has received third-party certification, confirming its compliance with or exceeding the Standard Specification for Liquid Applied Acrylic Coating Used in Roofing (ASTM D6083). The new product boasts excellent waterproofing performance.

Major players in the liquid roofing market are actively pursuing the development of innovative products to cater to the growing demand for liquid roofing. One such innovation is PMMA (Polymethyl Methacrylate), a proven solution known for its high-strength, fast-curing, and durable qualities, offering versatile alternatives compared to traditional waterproofing materials. In February 2022, Polyglass U.S.A., Inc., a U.S.-based manufacturer of modified bitumen roofing and waterproofing membranes, announced the launch of PMMA liquid-applied waterproofing systems as part of their product offerings. These cold-applied solutions demonstrate exceptional and extended performance when integrated into advanced liquid-applied roofing and waterproofing systems. Polyglass provides a diverse range of PMMA system solutions, addressing various waterproofing and surfacing requirements, including low-slope roofs, terraces, plaza decks, balconies, green roofs/walls, mechanical room floors, and below-grade waterproofing.

In July 2021, Sika AG, a Switzerland-based specialty chemical company, acquired American Hydrotech Inc. in the USA and its associate Hydrotech Membrane Corp. in Canada. The acquisition, for an undisclosed amount, is set to fortify Sika's roofing and waterproofing portfolio, positioning the company as the leading supplier of green roofs in North America. American Hydrotech Inc., recognized as North America's foremost pioneer and innovator in green roof technology, offers liquid membranes and comprehensive roofing and waterproofing solutions. This strategic acquisition aligns with Sika's objectives to strengthen its market position and expand its offerings in the North American region.

Major companies operating in the liquid roofing market include AkzoNobel N.V., BASF SE, GAF Materials Corporation, The Dow Chemical Company, 3M Company, SubCom LLC, Alcatel Submarine Networks, NEC Corporation, Prysmian Group, Xtera Communications Inc., Hengtong Group Co. Ltd., Huawei Marine Networks Co. Ltd., Nexans S.A., Ciena Corporation, Infinera Corporation, Corning Incorporated, Options Clearing Corporation, Global Marine Group, LS Cable & System Ltd., Fujitsu Limited, Sumitomo Electric Industries Ltd., RTI Connectivity Pte. Ltd., Aqua Comms Limited, Hawaiki Submarine Cable LP, Seaborn Networks Inc., Facebook Connectivity, Southern Cross Cable Network, Vocus Group Limited, Pacific Century CyberWorks Limited, MainOne Cable Company Limited, Angola Cables S.A., Seacom Limited, Telxius Telecom S.A., E-Marine PJSC

Asia-Pacific was the largest region in the liquid roofing market in 2023. The regions covered in the liquid roofing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the liquid roofing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The liquid roofing market consists of sales of spray liquid roofing, tar and foam liquid roofing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.