Global Roofing Chemicals Market by Roofing Application (Elastomeric, Plastic, Membrane, Metal, Bituminous), by By (Elastomer, Acrylic Resin, Asphalt/ Bituminous, Styrene, Epoxy Resin) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for roofing chemicals was worth USD 75.5 billion. Over the forecast period, the market will be driven by rising environmental concerns due to cool roof use around the globe. Market growth is expected to be driven by the rising need to reduce carbon footprints.

The increasing number of R&D activities related to cost reductions in roofing system installation is expected to increase the demand. The market will be driven by technological advancements that improve the aesthetics and performance of roofing chemicals. Acrylic resin will be a key driver for the acrylic resin type segment in the coming years.

The market is expected to grow due to the increasing demand for energy-efficient roofing systems in Canada and the U.S. over the forecast period. Market growth is expected to be positive due to the development of reflective coatings to improve heat reflection for dark-colored roofing. Market growth will also be aided by the use of bitumen as a waterproofing agent.

Agency like the Environment Protection Agency (EPA), in the U.S., have imposed favorable regulations on asbestos content in roofing chemicals. GAF purchased Icopal in 2016, a pan-European producer of waterproofing and roofing products. This acquisition extended the company’s reach across the Atlantic.

Type Insights

Asphalt/bituminous accounted for around 40% of total market share in 2016. This segment is expected to continue to dominate the market for the forecast period. It has a 20- to 50 year average life expectancy and is simple to install. These are the main reasons for demand for asphalt/bituminous roof chemicals. Asphalt is often used for pitched or steep-sloped roofs.

Over the forecast period, the market will be driven by the increasing demand for asphalt/bituminous as well as elastomer with cooling granules to make energy-efficient buildings. To increase their production capacity, manufacturers and developers are focusing more on low-cost and low-maintenance products.

Styrene is expected to grow at a rapid pace during the forecast period. It is used as a waterproofing agent on roofs and in storage tanks' vents. It protects buildings against harsh climatic conditions by acting as an insulation layer. The market for styrene is expected to grow with the increase in construction activity in both residential and commercial sectors.

Elastomeric coatings can be used on various roof types, including wood, single-ply polyurethane and metal, concrete, build up, and modified bitumen. BASF SE purchased Taiwan Sheen Soon Co., Ltd., which is a manufacturer of thermoplastic polyurethane adhesive elastomers. The former took this strategic move in December 2015 to expand its product range and drive the market for roofing chemicals.

Application Insights

Bituminous roofing was the most popular type of roofing in 2016. It is expected to be worth USD 52.82 trillion by 2025. Because of its high performance, it is popular for low-slope roofing. Bituminous waterproofing membranes have a self-adhesive layer that acts as a glue. This makes it easy to apply.

Over the forecast period, the market will be driven by rising investments in technological development related to the processing of chemical products for thermal buildings. The demand for roofing chemicals will be driven by growing concerns about protecting roofs from weather elements such as hail, snow, sleet and rain.

Newly established manufacturing and industrial facilities in developing countries are likely to drive the demand for roofing chemicals in non-residential markets. The growing demand for technological advances in residential construction will likely drive new residential roofing systems and re-roofing of existing buildings.

Cool roofs are in high demand. This results in a reduction in energy consumption. Market growth is expected to be positive due to this. Cooling can also increase roof life and lower maintenance costs. It can also reduce urban heat. Over the forecast period, the market will see a rise in concerns about roof protection from cooking oils, bacteria and fungi.

Regional Insight

Asia Pacific accounted for 37% of total revenue in 2016, making it the most important regional segment. This region is expected to see a significant increase in infrastructural development due to its large demand for commercial and residential buildings. The emerging economies of Asia Pacific, including China and India, will likely see the greatest growth in construction spending. Indonesia and India are close behind.

Governments around the globe have encouraged the use durable chemicals in construction and building. China, for instance, is currently working to create energy-efficient buildings using green building materials.

Over the forecast period, Asia Pacific will be the fastest-growing region segment. North America is close behind. Many small regional markets, including India and Indonesia will experience strong growth due to the growing demand for roof replacement in rural areas. This is supported by government-sponsored programs.

Infrastructural developments such as the construction and renovation of airports, have increased the demand for roofing systems. Market growth will be influenced by the availability of manufacturers and the ability of these companies to offer a variety of products.

Market Share Insights & Key Companies

This market is highly concentrated and competitive. The Dow Chemical Company, E.I., and BASF SE are key players. du Pont de Nemours and Company, (DuPont), and GAF Materials Corporation.

Dow Chemical Company has used expansion strategies to increase its market share and strengthen R&D.

To expand their product ranges, increase their market share, strengthen their brand, and make it more attractive to customers, companies are becoming increasingly involved in joint ventures, acquisitions, or mergers. In December 2015, BASF SE bought Taiwan Sheen Soon Co., Ltd., which is a manufacturer of thermoplastic polyurethane adhesive elastomers. To expand its range of chemicals for construction, it purchased the European business of Henkel AG & Co. KGaA in January 2017.

Many companies are pursuing expansion and investment strategies to expand their production capabilities and enter new markets. Saint-Gobain and CertainTeed Corporation are just a few of the companies that have integrated throughout the value chain.

Scope of the Roofing Chemicals Market Report

The Report Covers Certain Segments

This report forecasts revenue growth at the country, regional and global levels. It also analyzes industry trends for each sub-segment from 2014-2025. Grand View Research has divided the global market for roofing chemicals on the basis type, application, region, and country.

• Type Outlook (Revenue, USD Billion; 2014 - 2025)

  • Acrylic resin

  • Asphalt/ Bituminous

  • Elastomer

  • Epoxy resin

  • Styrene

• Application Outlook (Revenue, USD Billion; 2014 - 2025)

  • Membrane roofing

  • Elastomeric roofing

  • Bituminous roofing

  • Metal roofing

  • PVC (plastic) roofing

• Regional Outlook (Revenue USD Billion; 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global roofing chemicals market was valued at USD 92.84 trillion in 2019, and is forecast to grow to USD 99.89 trillion in 2020.

b. Global roofing chemicals market will grow at 7.7% compound annual growth rate from 2017 to 2025, to reach USD146.30 billion in 2025.

b. Asia Pacific was the dominant region in the global roofing chemicals market, with a 37.5% share in 2019. This can be attributed to the growing demand for infrastructural developments in the region, which is driven by the large number of commercial and residential buildings in the area.

b. b. du Pont de Nemours and Company, (DuPont), and GAF Materials Corporation.

b. Market growth is driven by the growing demand for green roofing systems and increased energy efficiency roof coatings.

Up Market Research published a new report titled “Roofing Chemicals Market research report which is segmented by Roofing Application (Elastomeric, Plastic, Membrane, Metal, Bituminous), by By (Elastomer, Acrylic Resin, Asphalt/ Bituminous, Styrene, Epoxy Resin), By Players/Companies BASF SE, GAF Materials Corporation, The Dow Chemical Company, EI du Pont de Nemours and Company (DuPont)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Roofing Chemicals Market Report Segments:

The market is segmented by Roofing Application (Elastomeric, Plastic, Membrane, Metal, Bituminous), by By (Elastomer, Acrylic Resin, Asphalt/ Bituminous, Styrene, Epoxy Resin).

Roofing Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Roofing Chemicals Market

Overview of the regional outlook of the Roofing Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Roofing Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Roofing Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Elastomeric

                2. Plastic

                3. Membrane

                4. Metal

                5. Bituminous

                1. Elastomer

                2. Acrylic Resin

                3. Asphalt/ Bituminous

                4. Styrene

                5. Epoxy Resin

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Roofing Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Roofing Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.