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 .