Roofing Adhesives Market by Resin Type, Technology & Application - Global Forecast to 2026


Posted October 1, 2018 by abhijeetw1

The global roofing adhesives market is projected to reach USD 5.78 Billion by 2021 in the midterm, at a CAGR of 6.75% from 2016 to 2021.

 
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.

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In 2015, the residential construction segment accounted for the largest market share, in terms of volume, followed by non-residential/commercial construction. Rising income levels, shift towards nuclear families, affordable interest rates, and modern attitudes to home ownership in several countries expecting several new construction activities are driving the roofing adhesives market.

Polyurethane is currently the dominant segment in the overall roofing adhesives market, however, the epoxy resin segment is projected to grow at the highest CAGR between 2016 and 2026. Epoxy resins have a unique combination of adhesion, chemical resistance, and physical properties. Epoxies are also used as structural glue. Materials like wood, concrete and others that are 'low-tech' are glued with epoxy resin. These properties increases the demand for epoxy resins in building & construction application.

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.

The Asia-Pacific market is expected to witness the highest growth rate, in terms of value and volume, between 2016-2021 and 2026. Asia-Pacific is the fastest-growing region for the global roofing adhesives market and this growth is mainly attributed to the rising demand of residential, commercial, and infrastructural activities in the emerging countries, such as Thailand, Indonesia, Taiwan, and Vietnam. This is driving the roofing adhesives market in the region.

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Companies such as The 3M Company (U.S.), The Dow Chemical Company (U.S.), Henkel AG & Company (Germany), Sika AG (Switzerland), Arkema (France), and GAF Materials Corporation (U.S.) are the dominant market players in the global roofing adhesives market. Diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are a few factors strengthening the market position of these companies in the roofing adhesives market. They have been adopting various organic and inorganic growth strategies to enhance their current market share for roofing adhesives.

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Issued By marketsandmarkets
Country United States
Categories Business , Industry , Manufacturing
Tags roofing adhesives , roofing adhesives market
Last Updated October 1, 2018