New York, Nov. 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Roof Coatings Industry” – https://www.reportlinker.com/p06361232/?utm_source=GNW
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Global Roof Coatings Market to Reach $7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Roof Coatings estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$7 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Elastomeric, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bituminous segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6% CAGR
The Roof Coatings market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2020-2027 period. Within Europe, Germany is…
