[247 Pages Report] In this study, 2015 has been considered as the base year for estimating the market size. 2021 is considered as mid-term and 2026 as long-term forecast years. The global roofing adhesives market was valued at USD 3.91 Billion in 2015, and is projected to reach USD 5.78 Billion by 2021 at a CAGR of 6.75% from 2016 to 2021.
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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.)
On the basis of Resin Type:
Polyurethane
Epoxy
Silicone
Acrylic
Others
On the basis of Technology:
Waterborne
Solvent borne
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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.
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