Home Speciality Chemicals Silicone Roof Coating Market Size, Share, Growth and Forecast to 2031

Silicone Roof Coating Market

Silicone Roof Coating Market Size, Share & Trends Analysis Report By Product Type (High Solid Coating, Low Solid Coating), By Roof Material (Metal, Concrete, Plastic, Modified Bitumen, Others), By End-User (Residential, Commercial, Hospital, Institution, Office Space, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRSC894DR
Study Period 2020-2032 CAGR 8.6%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Fastest Growing Market
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Market Overview

The global silicone roof coating market size is expected to grow at a CAGR 8.6% during the forecast period, 2023–2031.

The global Silicone Roof Coating Market is expected to accelerate during the forecast period due to its compatibility with many roof materials. Silicone coatings are also suitable as a top coat on other substrates, which gives silicone coating an advantage. Moreover, consumers are looking at high solid coating as one does not need a primer, leading to a reduction in process time and money.

Market Dynamics

Cost-effective Silicone Roof Coatings for Roof Restoration

A roof plays a crucial role in providing protection and has to be regularly maintained for enhancing its efficiency. The extreme weather conditions may cause significant damage to the roof over time.  In addition, a little damage to the roof translates into severe problems and can become a safety issue. A silicone roof coating is an excellent alternative against replacing the commercial roof. A complete roof replacement can be expensive in terms of labor and materials, particularly if the existing roof must be removed first. For instance, depending on the roofing system selected, it can cost about an average between USD 18 and USD 22 per square foot. Restoration, on the other hand, requires less labor and materials, and thus costs about USD 2 to USD 6 per square foot. The use of silicone roof coatings is considered as a cost-effective solution as it adds more 10 to 15 years to the roof’s life, thereby preventing future expenditures. The silicone restoration cost enables 71%–76% of savings over roof replacement, thus prompting higher consumption of paints & coatings.

Consumers have become aware pertaining to the rising concerns regarding the environment and are preferring more sustainable ways. The use of silicone roof coating is considered as an environmentally-friendly option as millions of tons of roofing waste end up in landfills. Moreover, the use of silicone coating increases building energy efficiency whilst hydrophobic properties helps silicone coatings protect external walls from weather damage. A rise in consumer disposable income in the developing economies is a driving factor for the consumption of silicone roof coatings. Consumers are investing more on well-maintained roofs as they come with aesthetics for the home. Restoration of a roof with silicone coatings not only improves the life of the roof but also enhances aesthetics. The substantial spending of consumers on paints and coatings in recent times is boosting the global silicone roof coatings market.

Silicone Coatings Offer Low VOC Levels: A Step Towards Sustainability

The paints and coatings industry has witnessed a drastic change in recent years due to formulation changes primarily driven by demands for greater sustainability, durability, and ease-of-use. VOCs, such as aliphatic hydrocarbons, ethyl acetate, glycol ethers, and acetone, are essential for spreading paint film. Globally, concerns are rising over VOC emissions as it contributes toward the formation of tropospheric ozone and smog and causes liver, kidney, or central nervous system damage. According to the figures, more than 28% of the total VOC is emitted from the use of solvents, prompting the need to curb the emissions. The EPA regulates the Volatile Organic Compounds (VOC) emissions for roof coatings and is limited to 250 grams per liter. To comply with VOC regulations, roof coatings manufacturers have gradually moved away from the conventional low solid coating to several emerging technologies, which include high solid roof coatings, waterborne, and solvent-free systems.

Silicone roof coatings are moisture-cure chemistries that can be both solvent-based as well as high solids 100% solids. While using high solid silicone, the resin is used as the flow agent. The use of silicone roof coatings helps in reducing VOC as they can be 100 percent solid as compared to other roof coatings, thus making it an ideal choice for customers inclined towards sustainability.

Substitutes for Silicone Roof Coatings

Roof coatings are designed for protecting and extending the useful service life of roof assemblies for new construction, and more commonly, existing roof coverings, such as BUR, metal, modified bitumen, single-ply membranes, and spray polyurethane foam. Consumers are demanding roof coatings to protect roofs from the damaging effects of weather and the environment, such as UV light, and excessive water, and wind. The rising demand in roof coatings has encouraged prominent players to diversify and produce different types of roof coatings in accordance with the market needs.

The most common ones are acrylic coatings, asphalt coatings, polyurethane coatings, and silicone coatings. Most alternatives, such as acrylics, asphalt, and UV coatings, can achieve similar moisture resistance at 25% to 50% of silicone thickness. Most of the consumers do not prefer using silicone roof coatings as only silicone sticks to silicone. Once the silicone is installed, there is a need to use silicone-based products to repair and recoat it. Moreover, silicone roof coating surfaces generally pick up much more dirt than other types of coatings. This causes a significant drop in reflectivity over time when compared to other roof chemistries. The additional operations and costs associated with silicone roof coatings may hinder market growth.

Awareness Regarding Thermal Management

Experts have proven that a hot work environment decreases productivity. It is essential to keep the commercial building at a comfortable temperature to ensure enhanced productivity. Silicone roof coatings help to keep the buildings cooler in the summer, which is why many building owners invest in silicone coatings. Silicone coatings have much higher thermal emittance qualities. Only about 1% of the sun’s energy will penetrate through a silicone coating into the building. With thermal reflectivity properties of silicone roof coatings, they have proven to be effective in lower energy bills of the building owner.

Silicone roof coatings are not only popular for commercial buildings but also find applications in residential buildings. Governments’ promotional activities for cool roofs in order to reduce energy consumption has driven the demand for silicone roof coatings market during the forecast period.

Report Scope

Report Metric Details
By Product Type
  1. High Solid Coating
  2. Low Solid Coating
By Roof Material
  1. Metal
  2. Concrete
  3. Plastic
  4. Modified Bitumen
  5. Others
By End-User
  1. Residential
  2. Commercial
  3. Hospital
  4. Institution
  5. Office Space
  6. Others
Company Profiles Aldo Products Company Inc. Gaco Western BASF SE Hempel A/S The Dow Chemical Company GAF Materials LLC Wacker Chemie AG The Sherwin-Williams Company Momentive Performance Materials Holdings Inc Progressive Materials LLC Carlisle Roof Foam and Coatings Polyglass U.S.A., Inc. Tropical Roofing Products The Gardner-Gibson Company National Coatings Corporation
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Top Key Players

Silicone Roof Coating Market Share of Key Players

Silicone Roof Coating Market Share of Key Players
Aldo Products Company Inc. Gaco Western BASF SE Hempel A/S The Dow Chemical Company GAF Materials LLC Wacker Chemie AG The Sherwin-Williams Company Momentive Performance Materials Holdings Inc Progressive Materials LLC Carlisle Roof Foam and Coatings Polyglass U.S.A., Inc. Tropical Roofing Products The Gardner-Gibson Company National Coatings Corporation Others

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Silicone Roof Coating Market?
Silicone Roof Coating Market size will grow at approx. CAGR of 8.6% during the forecast period.
Some of the top prominent players in Silicone Roof Coating Market are, Aldo Products Company Inc., Gaco Western, BASF SE, Hempel A/S, The Dow Chemical Company, GAF Materials LLC, Wacker Chemie AG, The Sherwin-Williams Company, Momentive Performance Materials Holdings Inc, Progressive Materials LLC, Carlisle Roof Foam and Coatings, Polyglass U.S.A., Inc., Tropical Roofing Products, The Gardner-Gibson Company,National Coatings Corporation, etc.
Asia Pacific has been dominating the Silicone Roof Coating Market, accounting for the largest share of the market.
The Europe region is projected to exhibit the highest rate of growth in the Silicone Roof Coating Market.
The global Silicone Roof Coating Market report is segmented as follows: By Product Type, By Roof Material, By End-User

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