Market Insights
“The Roofing Chemicals Market value was US$ 46.8 Billion in 2023 and is likely to grow at a decent CAGR of 6.7% in the long run to reach US$ 83.9 Billion in 2032.”
Market Dynamics
Introduction
Roofing chemicals include special compounds that give strength to the roofing systems, such as weather resistance and durability. They have applications in the manufacturing and maintaining processes of different types of roofing, such as bituminous, metal, elastomeric, and membrane roofs. Commonly used roofing chemicals include asphalt, acrylics, epoxy resins, and elastomers, all of which offer desired properties in water resistance, UV protection, and thermal insulation. In this respect, while the consumption of sustainable and durable building materials picks up, roofing chemicals continue to emerge as one of the most important concerns of modern construction practices.
Drivers
- The rapid expansion of the construction industry, especially in emerging economies, is one of the key drivers in the roofing chemicals market.
- These new trends in heightened awareness of energy conservation and sustainable construction methods create a fertile ground for growth in demand for roofing chemicals, which provide better insulation and reduce heat absorption.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Type
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Acrylic Resin, Asphalt/ Bituminous, Elastomer, Epoxy Resin, and Styrene
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Elastomers are expected to witness significant growth as they possess a great level of flexibility, which allows them to stretch while afterward recovering without cracking or tearing.
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Roofing Application
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Membrane, Elastomeric, Bituminous, Metal, and Plastic
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Elastomeric application is expected to grow significantly in the foreseen years.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to see growth in the foreseen years, followed by North America and Europe for the roofing chemicals market during the forecast period.
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By Type
“Elastomers are expected to witness significant growth as they possess a great level of flexibility, which allows them to stretch while afterward recovering without cracking or tearing.”
- The market is segmented into acrylic resin, asphalt/ bituminous, elastomer, epoxy resin, and styrene.
- There is growing demand for elastomers in automotive and industrial sectors due to their excellent properties such as durability, flexibility, and resistance to heat and chemicals.
- Significant advancements in elastomer technologies are leading to expanded applications in various industries, including healthcare, aerospace, and consumer goods.
By Roofing Application
“Elastomeric application is expected to grow significantly in the foreseen years.”
- The market is segmented into membrane, elastomeric, bituminous, metal, and plastic.
- The growth is driven by their increasing use in building and construction applications due to their superior flexibility, durability, and resistance to environmental factors.
Regional Analysis
“Asia-Pacific is expected to see growth in the foreseen years, followed by North America and Europe for roofing chemicals market during the forecast period.”
- Asia-Pacific is expected to see significant growth in the roofing chemicals market in the upcoming years.
The market growth of roofing chemicals is attributed to rapid urbanization, increasing infrastructure development, and rising construction activities in countries like China and India.
Key Players
The Roofing Chemicals Market is fragmented, with several key players dominating various regional markets. Some of the major players include:
- BASF SE
- E.I. du Pont de Nemours
- Firestone Building Products Company
- GAF Materials Corporation
- Henkel AG & Co. KGaA
- IKO Industries Ltd
- Johns Manville
- Owens Corning
- Sika AG
- The Dow Chemical Company
Note: The above list does not necessarily include all the top players of the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global roofing chemicals market is segmented into the following categories.
Roofing Chemicals Market, by Type
- Acrylic Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Asphalt/ Bituminous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Elastomer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Epoxy Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Styrene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Roofing Chemicals Market, by Roofing Application
- Membrane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Elastomeric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bituminous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Roofing Chemicals Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Roofing Chemicals Market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
