Liquid Roofing Market likely to reach beyond 7.48 Billion USD by 2021 at a CAGR of 7.1%
The [139 pages report] Liquid Roofing Market size was USD 4.97 Billion in 2015, and is projected to register a CAGR of 7.1% between 2016 and 2021. The market size was 2,333.0 Million square meter in 2015; it is projected to register a CAGR of 6.7% during the forecast period. In this study, 2015 has been considered as the base year and 2021 as the forecast year for estimating market size of liquid roofing between 2016 and 2021.
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Asia-Pacific is projected to grow at a high rate during the forecast period. India is the fastest-growing liquid roofing market in Asia-Pacific, accounting for a moderate share of the overall market in the region. It is projected to be a potential market in the global liquid roofing market owing to growing economy, rapid advances in technology, and increasing manufacturing and application industries.
The residential buildings segment is projected to be the fastest-growing application of liquid roofing during the forecast period. Liquid roofing is used for water proofing and reroofing activities in residential and commercial buildings. Houses, town houses, cottages, condominiums, and apartments are included in this segment.
The liquid roofing market has a diversified and established ecosystem of its upstream players such as raw material suppliers, including BASF (Germany), Dow Chemical (U.S.), Saint-Gobain (France), 3M (Minnesota), and AkzoNobel N.V. (Netherlands), Bergquist Company (U.S.), Indium Corporation (U.S.), and Parker Hannifin (U.S.), among others.
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