Chemicals and Materials Liquid Roofing Market new | Page 2

Residential buildings: The largest market for liquid roofing market, by application
The residential buildings industry includes both roofing and reroofing activities.
Residential buildings include all kinds of residential structures such as houses, town
houses, cottages, condominiums, and apartments. In residential buildings, liquid roofing is
used in various applications including roofing and reroofing. Rise in standard of living and
growth in the construction industry is driving the market for residential buildings.
Asia-Pacific: The largest market for liquid roofing
China, India, Japan, and Australia are some of the key Liquid Roofing Market in Asia-
Pacific, which together accounted for nearly 38.12% of the overall market, in terms of
volume, in 2015. Rising population, urbanization, and industrialization along with growing
concerns related to infrastructure development and waterproofing in China and India are
some of the factors that will drive the market for liquid roofing in Asia-Pacific during the
forecast period. Residential construction activities in Asia-Pacific have increased due to the
rising income levels, shift toward nuclear families, affordable interest rates, and changing
preferences in terms of home ownership in several countries. Several new construction
activities are expected to begin in the region during the forecast period, thus driving the
liquid roofing market.
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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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