Roofing chemicals are a range of chemicals that are used on the roof to improve its properties and performance. These chemicals impart high reflectivity and better sealing properties to rooftops, thus enabling maintenance of lower temperatures in the house and preventing leaks. Roofing chemicals also help reduce the energy consumption required to maintain low internal temperatures, thereby reducing carbon emissions.
Market Analysis and Insights: Global Roofing Chemicals Market
Due to the COVID-19 pandemic, the global Roofing Chemicals market size is estimated to be worth US$ 86670 million in 2022 and is forecast to a readjusted size of US$ 112220 million by 2028 with a CAGR of 4.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Acrylic Resin accounting for % of the Roofing Chemicals global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Membrane Roofing segment is altered to an % CAGR throughout this forecast period.
Our analysts have predicted that in terms of geographic regions, the market will witness considerable growth in APAC during the next few years. This is mainly due to the increasing focus of the roofing chemicals manufacturers towards enhacing their presence in the emerging countries such as China and India.
Global Roofing Chemicals Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Roofing Chemicals Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Acrylic Resin
Asphalt/Bituminous
Elastomer
Epoxy Resin
Styrene
Segment by Application
Membrane Roofing
Elastomeric Roofing
Bituminous Roofing
Plastic (PVC) Roofing
Metal Roofing
By Company
BASF
DowDuPont
Saint-Gobain
3M
Akzo Nobel
Sika
Owens Corning
Carlisle Companies
Johns Manville
GAF Materials
Firestone Building Products
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina