Roof Coating Companies

The global roof coating market size is projected to grow from USD 8.72 billion in 2024 to USD 10.16 billion by 2029, at a CAGR of 3.1% during the forecast period.

Roof Coating Companies

The roof coating market is growing due to growth in urbanization and infrastructure, especially in emerging economies. As the urban areas are expanding the demand for durable roof coatings is increasing as they withstand harsh climatic conditions and enhance building performance. Roof coatings are valued in commercial and residential buildings for their protection against UV radiation and water leakage. The roof coating market will augment due to the increasing emphasis on energy-efficient and sustainable building solutions.

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A few of the major players are PPG Industries, Inc., (US), Sika AG (Switzerland), The Sherwin-Williams Company (US), Akzo Nobel N.V. (The Netherlands), and Nippon Paint Holdings Co., Ltd. (Japan). These players have implemented various growth strategies, such as product launches, expansions, collaborations, and acquisitions to enhance their market shares and boost their product portfolios.

Akzo Nobel N.V. is one of the leading manufacturers of paints and coatings. It is a diversified chemical company that operates through the Decorative Paints and Performance Coatings segments. It is a global leader in the production and supply of performance coatings. Its Performance Coatings division is structured into four primary business segments: Automotive and Specialty Coatings, Industrial Coatings, Marine and Protective Coatings, and Powder Coatings. These businesses cater to key end markets such as general industrials (including agricultural and construction equipment, construction-related steel and metal fabrication, pipes, appliances, and transportation), energy, packaging, infrastructure, and shipbuilding and maintenance. Akzo Nobel has a strong customer base and operates in various countries in Europe, North America, Asia Pacific, South America, and the Middle East. The company operates globally through its subsidiaries such as Akzo Nobel Coatings Inc (US), Akzo Nobel Paints (Shanghai) Co Ltd. (China), Akzo Nobel India Limited (India), Imperial Chemical Industries Limited (UK), Akzo Nobel Decorative Coatings B.V. (The Netherlands), Akzo Nobel Coatings SPA (Italy), and Akzo Nobel Ltda (Brazil).

The Sherwin-Williams Company specializes in developing, manufacturing, distributing, and selling paint, coatings, and related products. Its primary customer base includes professionals, industrial clients, commercial entities, and retail consumers across North and South America, with additional operations in the Caribbean, Europe, Asia, and Australia. The company operates through three key business segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. Sherwin-Williams® branded products are exclusively available through a network of over 5,000 company-operated stores and facilities across the US, Canada, the Caribbean, and Latin America. The company offers other products through leading mass merchandisers, home improvement centers, independent paint retailers, hardware stores, automotive shops, and industrial distributors in North America and select regions in Europe, China, Australia, and New Zealand. Sherwin-Williams also provides a diverse range of advanced solutions for the construction, industrial, packaging, and transportation industries in more than 120 countries worldwide. The company offers a wide range of roof coating solutions. Its exclusive Sherwin-Williams branded products, alongside the Uniflex and Kool Seal lines, are key offerings within its roof coatings portfolio.

PPG Industries, Inc. is a leading global manufacturer and distributor of paints, coatings, and specialty materials, with operations in over 70 countries. The company supplies diverse products to customers across various sectors, including industrial equipment, packaging materials, aerospace and marine equipment, automotive OEMs and aftermarkets, pavement markings, and coatings for various industrial and consumer applications. The company also caters to the commercial and residential construction markets by providing coatings to painting and maintenance contractors, and directly to consumers for decoration and upkeep. PPG's business is divided into two primary segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes several units: Aerospace Coatings, Architectural Coatings for the Americas and Asia-Pacific, Architectural Coatings for Europe, the Middle East, and Africa (EMEA), Automotive Refinish Coatings, Protective and Marine Coatings, and Traffic Solutions. The Industrial Coatings segment mainly provides a wide range of protective and decorative coatings and finishes, adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials.

Sika AG is a leading specialty chemicals company renowned for its expertise in developing and producing systems and products for bonding, sealing, damping, reinforcing, and protection across the construction and industrial sectors. With a presence in 103 countries and over 400 manufacturing facilities worldwide, Sika delivers innovative technologies to its global customer base. The company is at the forefront of creating advanced solutions for bonding, sealing, damping, reinforcing, and protecting applications in the construction and automotive industries. Sika operates across eight key target markets: Concrete, Waterproofing, Roofing, Building Finishing, Flooring, Sealing & Bonding, Engineered Refurbishment, and Industry.

Nippon Paint Holdings Co., Ltd. is a global leader in the paint and coatings industry, with the Nippon Paint Group aggressively expanding its operations worldwide. The company is responsible for overseeing the management and strategies of its subsidiaries, which specialize in the manufacturing and sale of paints and fine chemicals. Its offerings include automotive and industrial coatings, trade-use paints, surface treatments, and fine chemical products. The company's asset portfolio includes the Japan Group, NIPSEA Group, DuluxGroup, and the Americas Group. Among its groups, NIPSEA GROUP provides a range of roof coating products.

The companies have initiated the following developments:

• In October 2024, PPG Industries Inc. announced that it has entered into a definitive agreement to sell its entire architectural coatings business in the U.S. and Canada to American Industrial Partners (AIP), an industrials-focused investor, for a transaction value of USD 550 million.
• In January 2024, Nippon Paint Holdings Co., Ltd. announced the completion of the acquisition and payment on January 17, 2024, for a 75% stake in Alina Group LLP. The transaction was carried out through its consolidated subsidiary, Nippon Paint Holdings SG Pte. Ltd. Alina Group, based in Kazakhstan, specializes in the manufacturing and sale of dry-mix mortars, paints, coatings, and related products.
• In April 2022, Akzo Nobel N.V. completed the acquisition of Grupo Orbis, a Colombia-based paints and coatings company, enhancing its long-term presence in Latin America.
• In February 2022, The Sherwin-Williams Company signed an agreement with the state of North Carolina, Iredell County, and the city of Statesville. This agreement aims to significantly expand the company's architectural paint and coatings manufacturing capacity and develop a larger distribution facility in Statesville.
• In July 2021, RPM International Inc. announced that its Carboline subsidiary acquired Dudick Inc., a company specializing in high-performance coatings, flooring systems, and tank linings.

Related Reports:

Roof Coating Market by Coating Type (Bituminous, acrylic, silicone, epoxy, polyurethane), Roof Type (Flat, low-sloped, steep-sloped, and roof types others), Solution Technology (water-based, and solvent-based), End-Use Sector - Global Forecast to 2029