The roofing chemicals industry is a segment of the larger chemical industry that specializes in the production and distribution of chemicals used in the roofing industry. These chemicals include coatings, adhesives, sealants, and other materials that are used in the construction and repair of roofs.
The global roofing chemicals market is projected to be valued at USD 160.25 Billion by 2026, at a CAGR of 7.8% from 2016 to 2026. The report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The roofing chemicals market demand is driven by the growth in the construction industry, particularly in emerging economies, as well as increasing renovation and repair activities in developed markets. The rising demand for energy-efficient and environmentally-friendly roofing solutions is also a key driver of growth in this industry.
The scope of the roofing chemicals industry is vast, with applications in residential, commercial, and industrial buildings. The use of roofing chemicals can increase the lifespan of roofs and improve their performance, which makes them an essential component in the construction and maintenance of buildings.
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Moreover, the roofing chemicals industry is constantly evolving, with new and innovative products being developed to meet the changing needs of customers. For example, recent trends in the industry include the development of reflective coatings that reduce the energy consumption of buildings, as well as the use of sustainable and recyclable materials in roofing solutions.
Roofing Chemicals Market Key Players
Major manufacturers such as BASF SE (Germany), The Dow Chemical Company (U.S), Saint-Gobain S.A. (France), 3M Company (U.S), Akzo Nobel N.V (The Netherlands), Sika AG (Switzerland), Owens Corning (U.S), Carlisle Companies Incorporated (U.S), Johns Manville (U.S), GAF Materials Corporation (U.S) and Firestone Building Products (U.S) are profiled in this report. These companies have adopted both, organic and inorganic growth strategies.
BASF SE (Germany), The Dow Chemical Company (U.S), Saint-Gobain S.A. (France), 3M Company (U.S), and Akzo Nobel N.V (The Netherlands) are among the most active players in the global roofing chemicals market.
The Dow Chemical Company (U.S) is the most active player in the roofing chemicals market. It accounted for the largest share of all the developmental activities undertaken in the roofing chemicals market.
“Asphalt/Bituminous: The most-widely used type of roofing chemical”
Asphalt, also known as bitumen, is indeed one of the most widely used types of roofing chemicals in the roofing industry. It is a sticky, black, and highly viscous liquid that is derived from crude oil, and is used as a binder in the manufacture of roofing materials such as shingles, sheets, and tiles.
Asphalt roofing systems are popular due to their durability, low cost, and ease of installation. They are commonly used in residential and commercial buildings, and can be found in a variety of climates and regions.
Asphalt roofing materials are also known for their ability to resist harsh weather conditions such as rain, wind, and hail. They are also fire-resistant, making them a popular choice for areas prone to wildfires.
However, there are some drawbacks to using asphalt as a roofing material. For example, it is not environmentally friendly, as it is a petroleum-based product and is not easily recyclable. It can also be prone to cracking and damage over time, especially in areas with extreme temperature fluctuations. while asphalt/bituminous roofing chemicals are widely used in the roofing industry due to their affordability and durability, their impact on the environment and potential for damage over time should be considered when selecting a roofing material.
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“Bituminous Roofing: The largest application of roofing chemicals”
bituminous roofing is indeed one of the largest applications of roofing chemicals, and it is estimated that around 80% of all low-slope roofs in the United States are covered with some form of bituminous roofing system.
Bituminous roofing systems are made from asphalt or coal tar pitch and are often reinforced with fiberglass or polyester to increase their strength and durability. These roofing systems are commonly used in commercial and industrial buildings, as well as in residential construction.
The popularity of bituminous roofing systems is due to their affordability, durability, and ease of installation. They are also resistant to fire and weather damage, making them a reliable choice for a wide range of applications. bituminous roofing systems can also be prone to damage from ultraviolet radiation and can deteriorate over time due to exposure to the elements. Proper maintenance and regular inspections are important to ensure the longevity and performance of bituminous roofing systems.
“Asia-Pacific: The largest market for roofing chemicals”
The Asia-Pacific region is indeed the largest market for roofing chemicals, and this trend is expected to continue in the coming years. The growth in the Asia-Pacific market is driven by factors such as the increasing demand for construction materials in the region due to urbanization, infrastructure development, and economic growth.
The rising demand for energy-efficient and environmentally-friendly roofing solutions is also driving the growth of the roofing chemicals market in the Asia-Pacific region. This trend is particularly pronounced in countries such as China, Japan, and South Korea, which are leading the way in the adoption of sustainable building practices.
In addition, the Asia-Pacific region has a large population and a growing middle class, which is driving demand for new housing and infrastructure projects. This is creating opportunities for roofing chemical manufacturers to expand their product offerings and increase their market share in the region. The Asia-Pacific region is a key market for roofing chemicals, and manufacturers are expected to continue investing in this region to take advantage of the growing demand for construction materials and the increasing adoption of sustainable building practices.
