Global Roofing Chemicals Market Projected to Reach USD 160 Billion by 2026

27-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Roofing Chemicals Market By Type (Acrylic resin, Asphalt/ Bituminous, Elastomer, Epoxy resin, Styrene) and By Application (Membrane roofing, Elastomeric roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) roofing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Roofing Chemicals Market market in 2019 was approximately USD 115 Billion. The market is expected to grow at a CAGR of 7% and is anticipated to reach around USD 160 Billion by 2026.

Roofing Chemicals Market Size

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A roof is a top covering of any building that consists of various types of materials that are used to provide protection against external factors like rain, sunlight, snow, and wind. Roofing chemical material is the outermost layer on the roof of the building that makes the roof of the building waterproof and prevents water from seeping inside the constructed structure. These chemicals enhance the performance of the roofing system and help in maintaining the temperature inside the structure and making it idle for usage for multiple purposes.

Browse the full “Roofing Chemicals Market By Type (Acrylic resin, Asphalt/ Bituminous, Elastomer, Epoxy resin, Styrene) and By Application (Membrane roofing, Elastomeric roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) roofing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/roofing-chemicals-market-by-type-acrylic-resin-asphalt-986

With the growing population across the globe, there is a rising demand for residential and commercial construction around the world is helping in the growth of the roofing chemicals market. The increasing demand for strong and robust materials that are used in the construction industry, the changing lifestyle of the people, and more growing trend of sustainable living are some other factors that are escalating the demand for the roofing chemicals market. Other factors such as easy-to-use, non-combustible, and lightweight are some other valuable factors that are accelerating the demand for the roofing chemicals market. However, the high manufacturing cost, implementation, and installation of the roofing chemicals market are proving to create obstacles in the growth of the roofing chemicals market. Another reason such as the use of synthetic chemical-based roofing materials that cause toxic effects on the environment are proving to restrain in the growth of the roofing chemicals market. Nevertheless, the growing innovations related to bio-based roofing chemicals that leave less carbon footprint offer various opportunities for the growth of the roofing chemicals market.

On the basis of type segment, the roofing chemical market is divided into Acrylic resin, Asphalt/ Bituminous, Elastomer, Epoxy resin, and Styrene. The Asphalt/ Bituminous roofing material is expected to dominate the market owing to its high tensile strength, improved textures of the surface, and good price-to-performance value. The bituminous roofing material is black, sticky, and highly viscous chemical that is widely used for coating and is used in manufacturing bituminous shingles. On the basis of the application segment, the roofing chemical market is divided into Bituminous roofing, Membrane Roofing, Metal Roofing, Plastic (PVC) roofing, and Elastomeric roofing. Bituminous roofing is expected to show propel the market over the forecasted period as it is mainly used in the construction of industrial and commercial buildings like warehouses, storehouses, and factory sheds because of the growing industrialization across the globe.

As per the regional analysis, the roofing chemicals market is expected to show tremendous growth in the Asia Pacific region owing to the high economic growth potential among the countries, the rising demand for residential and infrastructural development activities, the displacing population from rural to urban cities for a better job and lifestyle opportunities and the rising population.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 115 Billion

Projected Market Size in 2026

USD 160 Billion

CAGR Growth Rate

7% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

BASF SE, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Saint-Gobain S.A, Eastman Chemical Company, 3M Company, Owens Corning, Akzo Nobel N.V, Sika AG, and Others.

Key Segment

By Type, By Application, By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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The major players in the Roofing Chemicals market are as follows:

  • BASF SE
  • The Dow Chemical Company
  • E. I. du Pont de Nemours and Company
  • Saint-Gobain S.A.
  • Eastman Chemical Company
  • 3M Company
  • Owens Corning
  • Akzo Nobel N.V
  • Sika AG
  • Others

This report segments the Roofing Chemicals Market market as follows:

Global Roofing Chemicals Market Market: By Type Segmentation Analysis

  • Acrylic resin
  • Asphalt/ Bituminous
  • Elastomer
  • Epoxy resin
  • Styrene

Global Roofing Chemicals Market Market: By Application Segmentation Analysis

  • Membrane roofing
  • Elastomeric roofing
  • Bituminous roofing
  • Metal roofing
  • Plastic (PVC) roofing

Global Roofing Chemicals Market Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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