Industry News

Roofing Adhesives Market to Reach USD 5.78 Billion by 2021: MarketsandMarkets

Published on 2016-11-07. Author : SpecialChem

The report "Roofing Adhesives Market by Resin Type (PU, Epoxy, Silicone, Acrylic), Technology (Solvent Borne, and Waterborne), Application (Building & Construction) - Global Forecast to 2026", The roofing adhesives market size is estimated to grow from USD 4.17 Billion in 2016 to USD 5.78 Billion by 2021, at a CAGR of 6.75% from 2016 to 2021.

roofing adjhesive

Value Chain of Roofing Adhesives Market Starts with Sourcing of Basic Raw Materials

The market is driven by the rising demand of roofing adhesives in residential and non-residential/commercial constructions. The technology and resins used in roofing adhesives are ecofriendly, flexible, and cost-effective. This will lead to more demand in end-use industries.

Demand for roofing adhesives are used in residential and non-residential/commercial constructions

Roofing adhesives are used in residential and non-residential/commercial construction in building & construction application. The overall market is dominated by the residential constructions. Growing number of residential and commercial buildings coupled with increasing population in various countries, such as China and India are expected to drive the market.

Epoxy resin is the fastest-growing segment of the overall roofing adhesives market

Epoxy resin is the fastest-growing segment, on the basis of resin type, of the roofing adhesives market, globally. Epoxy resins offer a unique combination of adhesion, chemical resistance, and other physical properties that provide outstanding protection against severe corrosive environments. Strong demand for performance epoxy resins and reactive liquid polymers, typically used in applications such as industrial maintenance, automotive and aerospace and concrete coatings, has been witnessed across the globe.

North America is the largest market, whereas Asia-Pacific expected to grow at the highest CAGR during the forecast period

In 2015, North America is estimated to have accounted for the largest market share, in terms of volume and value, of the overall roofing adhesives market. However, the market in Asia-Pacific is witnessing the highest CAGR during the forecast period. The emerging middle class population, growing industrialization, and rising disposable income levels are also expected to add to the demand as more people prefer to roofing compliances, which in-turn leads to rise in demand for roofing adhesives in building & construction in the region.

The players profiled in the roofing adhesives market report are The 3M Company (U.S.), The Dow Chemical Company(U.S.), Henkel AG & Company (Germany), Sika AG (Switzerland), Arkema (France), GAF Materials Corporation (U.S.), Johns Manville (U.S.), Royal Adhesives & Sealants (U.S.), Henry Company (U.S.), and Dove Technology Ltd. (U.K.).

About MarketsandMarkets

MarketsandMarkets is one of the largest market research firms worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals.

It specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM".

PS: If you liked this News, you might enjoy our Adhesives Industry Newsletter. All the Industry News delivered once a week right to your inbox. Sign up here!

Nynas Naphthenic Process Oils
Back to Top