How Top Roof Coating Companies Have Been Launching New Products to Mark a Way Forward

In a bid to strengthen market footing, several roof coating companies are undertaking research activities for the development and launch of new products. Many industry players are also forging partnership agreements, collaborations, and forming alliances. These initiatives are being adopted for increasing their geographical footprints and the reach of their products.

According to Fortune Business Insights, the global market for roof coating was valued at USD 1.72 billion in 2022. The market is projected to rise from USD 1.78 billion in 2023 to USD 2.41 billion by 2030, exhibiting a CAGR of 4.4% over the estimated period. The surge can be credited to the soaring demand for silicone roof coating owing to excellent properties for deployment in various end-use applications. In addition, silicone coating is preferred over other fluid-applied coating solutions.

On the basis of region, the Asia Pacific market for roof coating held a dominating share in 2022 and is set to register notable growth over the analysis period. The rise is due to the increasing construction of malls, airports, parks, residential buildings, and commercial complexes, among others in various countries.

Fortune Business Insights™ Profiles Top 10 Roof Coating Companies

1. BASF SE

BASF SE produces a range of chemicals such as glues, resins, inorganic chemicals, industrial gases, and electronic-grade chemicals. In addition, the firm also produces basic petrochemicals for the textile, construction, and automotive sectors. The company’s manufacturing sites are based in the Netherlands, China, Italy, and the U.S.

BASF’s operations are mainly focused on six segments. These include agriculture solutions, materials, chemicals, industrial solutions, surface technologies, and nutrition & care.

2. Akzo Nobel N.V.

Akzo Nobel N.V. provides high-performance coatings, paints, and industrial chemicals, among other solutions. The organization’s services and products are offered in over 150 countries. The company is known for cool chemistry-based paints and coatings.

In 2022, Akzo Nobel N.V. generated a revenue of USD 11.70 billion. The company made it to the headlines in April 2022 for the acquisition of Grupo Orbis. The deal was focused on establishing a major presence in Latin America.

3. RPM International Inc.

RPM International Inc. has an extensive portfolio that comprises repair products, infrastructure rehab, roofing systems, high-quality specialty paints, sealants, adhesives, and protective coatings, among others. The company is operational across consumer and specialty products, performance coating, and construction products.

The company has manufacturing units at approximately 124 locations and markets its solutions in nearly 165 countries. RPM International is known for its fluid-applied, single ply, cold-applied, and hold-applied roof coatings.

4. PPG Industries, Inc.

PPG Industries, Inc. produces specialty materials, coatings, and paints. The company serves customers in the consumer products, construction, and industrial and transportation markets. The organization provides an array of metal roofing solutions such as Speedhide Pro-EV Zero, Copper Armor, and others for non-residential and residential applications.

The major business segments of the company include industrial coatings and performance coatings. The organization has equity affiliates and manufacturing units in over 70 countries.

5. The Sherwin-Williams Company

The Sherwin-Williams Company is one of the top roof coating companies operating in the market. The company operates with its stores in the Caribbean, Latin America, the U.S., and Canada. The organization is known for providing high-performance engineered solutions for the transportation, construction, packaging, and industrial sectors in more than 120 nations. The company provides different grades of roof coating, including premium grade and commercial grade for numerous end-use industries.

In 2022, the Sherwin-Williams Company generated a revenue of USD 22.15 billion from the paints & coatings segment.

6. GAF

GAF is one of the key companies of roof coating solutions in North America. The company provides solutions for non-residential and residential applications. The organization operates via five segments, including real estate, investment, performance materials, logistics, and standard building solutions.

Currently, GAF operates through 34 manufacturing units across 26 locations in the U.S.

7. Neogard

Neogard, part of the Hempel group, is involved in the production of high-grade coatings for more than 60 years. The organization provides container, marine, decorative, and yacht coatings.

In April 2023, Neogard hit the headlines for securing the FM (factory mutual) certification for five roofing systems. The move would help maximize the revenue and sales of the company.

8. DOW

Dow integrates science and technology for creating new solutions in collaboration with partner roof coating companies. The company offers an extensive array of products. These comprise industrial intermediates, coatings, silicones, and high performance plastics for clientele across a range of sectors – consumer care, infrastructure, mobility, and packaging.

Dow operates via six global enterprises that are organized into performance materials & coatings, industrial intermediates & infrastructure, and packaging & specialty plastics. The company provides waterproof solutions for residential, commercial, and industrial roofing applications.

9. Wacker Chemie AG

Wacker produces chemicals for an extensive range of markets across the globe. The company makes cutting-edge specialist materials that can be deployed in applications ranging from tile adhesives to solar cells. The organization has 26 manufacturing units spread across Asia, the Americas, and Europe.

Wacker hit the headlines in November 2022 when it began constructing a new silane-terminated polymer manufacturing line at its Nunchritz-based facility. The polymers are deployed as binders in numerous applications such as liquid waterproofing systems, high-quality sealants and adhesives, and ecologically friendly wood-flooring adhesives.

10. SIKA AG

SIKA is a key leader in materials and manufacturing systems for damping, sealing, bonding, reinforcing, and protection in the automotive and construction industries. The target markets of the company include waterproofing, concrete, roofing, sealing & bonding, refurbishment, flooring, roofing, industry, and building finishing, among others.

In addition, SIKA offers membrane roof coating products for bonding wood floors to minimize noise, fire-stopping, and sealing joints in airport aprons.

Way Forward

In the coming years, an upsurge in coating organizations and construction associations is expected to surge the demand for roof coatings. The rising urbanization and an upsurge in construction activities are estimated to fuel product adoption over the forecast period.