Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Type (Styrene Ethylene Butylene Styrene (SEBS), Urethane, Silicone, Acrylic), By System (Bitumen, Built-up Roof, Multi-ply roof), By Technology (Water-based, Solvent-based) And Competitive Landscape
Product Code: ETC390883 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
The market is driven by various factors such as the rising demand for energy-efficient buildings and the need for refurbishment of old buildings. Asphalt roof coatings are widely used in commercial and industrial buildings due to their superior properties such as durability and resistance to extreme weather conditions. Moreover, they are also used in residential buildings due to their esthetic appeal. The Africa Asphalt Roof Coatings system market is a part of global Asphalt Roof Coatings system market.Β
According to 6Wresearch, the Africa Asphalt Roof Coatings system market size is likely to witness growth during 2022-28. The growth is driven by the need for protection of buildings, increasing urbanization and upgrading infrastructure in the region. High cost of traditional roof-coating materials, lack of trained workforce and limited availability of certified asphalt roof coatings are some challenges faced by the African countries in this market. The market is further supported by the availability of raw materials, such as bitumen, in Africa. Bitumen is a key ingredient in asphalt roof coatings. Africa has the second-largest reserves of bitumen in the world, after Latin America. This makes it an attractive investment destination for manufacturers of asphalt roof coatings. However, the Africa Asphalt Roof Coatings Market faces some challenges. These include the high cost of production and the lack of skilled labor. Nonetheless, the market is expected to grow at a healthy pace over the forecast period.
The Africa Asphalt Roof Coatings Market is segmented by type into emulsion, coal tar, and acrylic. Emulsion is the most widely used type of asphalt roof coating in Africa and holds the highest market share. Emulsion coatings are made of a water-based emulsion that contains bitumen. These coatings provide good resistance to weathering and UV rays. Coal tar roof coatings are made of coal tar pitch and provide excellent resistance to weathering, UV rays, and heat. Acrylic roof coatings are made of acrylic resin and provide good resistance to weathering, UV rays, and heat.
The Africa Asphalt Roof Coatings Market is segmented by geography into South Africa, Nigeria, Kenya, and Rest of Africa. South Africa is the largest market for asphalt roof coatings in Africa, followed by Nigeria and Kenya. The market in South Africa is driven by the growing construction industry and the increasing demand for energy-efficient buildings. The market in Nigeria is driven by the growing population and the increasing urbanization. The market in Kenya is driven by the increasing tourism industry.
The burst of Covid-19 has resulted into a stoppage. However, Africa is a key market for asphalt roof coatings due to the growing construction industry. The region has seen an increase in investment in the construction sector, which is expected to drive the growth of the asphalt roof coatings market. Additionally, the market is further driven by the need for improved aesthetics and the rising awareness of the benefits of asphalt roof coatings. Asphalt roof coatings offer a number of benefits, including energy efficiency, durability, and improved aesthetics.
Major players operating in the Africa Asphalt Roof Coatings Market are:
The report delivers an extensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Asphalt Roof Coatings Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Asphalt Roof Coatings Market Revenues & Volume, 2021 & 2028F |
3.3 Africa Asphalt Roof Coatings Market - Industry Life Cycle |
3.4 Africa Asphalt Roof Coatings Market - Porter's Five Forces |
3.5 Africa Asphalt Roof Coatings Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Africa Asphalt Roof Coatings Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.7 Africa Asphalt Roof Coatings Market Revenues & Volume Share, By System, 2021 & 2028F |
3.8 Africa Asphalt Roof Coatings Market Revenues & Volume Share, By Technology, 2021 & 2028F |
4 Africa Asphalt Roof Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Asphalt Roof Coatings Market Trends |
6 Africa Asphalt Roof Coatings Market, 2018 - 2028 |
6.1 Africa Asphalt Roof Coatings Market, Revenues & Volume, By Type, 2018 - 2028 |
6.2 Africa Asphalt Roof Coatings Market, Revenues & Volume, By System, 2018 - 2028 |
6.3 Africa Asphalt Roof Coatings Market, Revenues & Volume, By Technology, 2018 - 2028 |
7 South Africa Asphalt Roof Coatings Market, 2018 - 2028 |
7.1 South Africa Asphalt Roof Coatings Market, Revenues & Volume, By Type, 2018 - 2028 |
7.2 South Africa Asphalt Roof Coatings Market, Revenues & Volume, By System, 2018 - 2028 |
7.3 South Africa Asphalt Roof Coatings Market, Revenues & Volume, By Technology, 2018 - 2028 |
8 Nigeria Asphalt Roof Coatings Market, 2018 - 2028 |
8.1 Nigeria Asphalt Roof Coatings Market, Revenues & Volume, By Type, 2018 - 2028 |
8.2 Nigeria Asphalt Roof Coatings Market, Revenues & Volume, By System, 2018 - 2028 |
8.3 Nigeria Asphalt Roof Coatings Market, Revenues & Volume, By Technology, 2018 - 2028 |
9 Kenya Asphalt Roof Coatings Market, 2018 - 2028 |
9.1 Kenya Asphalt Roof Coatings Market, Revenues & Volume, By Type, 2018 - 2028 |
9.2 Kenya Asphalt Roof Coatings Market, Revenues & Volume, By System, 2018 - 2028 |
9.3 Kenya Asphalt Roof Coatings Market, Revenues & Volume, By Technology, 2018 - 2028 |
10 Rest of Africa Asphalt Roof Coatings Market, 2018 - 2028 |
10.1 Rest of Africa Asphalt Roof Coatings Market, Revenues & Volume, By Type, 2018 - 2028 |
10.2 Rest of Africa Asphalt Roof Coatings Market, Revenues & Volume, By System, 2018 - 2028 |
10.3 Rest of Africa Asphalt Roof Coatings Market, Revenues & Volume, By Technology, 2018 - 2028 |
11 Africa Asphalt Roof Coatings Market Key Performance Indicators |
12 Africa Asphalt Roof Coatings Market - Opportunity Assessment |
12.1 Africa Asphalt Roof Coatings Market Opportunity Assessment, By Countries, 2021 & 2028F |
12.2 Africa Asphalt Roof Coatings Market Opportunity Assessment, By Type, 2021 & 2028F |
12.3 Africa Asphalt Roof Coatings Market Opportunity Assessment, By System, 2021 & 2028F |
12.4 Africa Asphalt Roof Coatings Market Opportunity Assessment, By Technology, 2021 & 2028F |
13 Africa Asphalt Roof Coatings Market - Competitive Landscape |
13.1 Africa Asphalt Roof Coatings Market Revenue Share, By Companies, 2021 |
13.2 Africa Asphalt Roof Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |