Liquid Roofing Market Projected to Gain 7.1% CAGR During Forecast Aug 2016 | Page 2
Liquid Roofing Market: Global Forecasts to 2021“ Increasing demand for energy-efficient buildings is driving the liquid roofing market”
The market size of liquid roofing is projected to reach USD 7.48 billion by 2021, registering a CAGR of 7.1 % from 2016 to 2021. The market is projected to register a CAGR of 6.7 % to reach 3,439.3 million square meters by 2021. The increasing demand for energy-efficient buildings fuels the growth of the liquid roofing market.
“ Residential buildings: The fastest-growing application for liquid roofing”
The residential buildings segment is the largest as well as the fastest-growing application segment of the liquid roofing market. 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 such as roofing and reroofing.