Global Roofing Adhesive Market, By Type (Polyurethane, Epoxy, Silicone, Acrylic, Others), Technology (Solvent borne, Waterborne, Others), Application (Building and Construction) – Industry Trends and Forecast to 2029
Roofing Adhesive Market Analysis and Size
The shifting trend towards the renovation of existing buildings due to inclination for aesthetic appearance and growing disposable income is propelling the demand of the roofing adhesive. The “acrylic adhesive” is the fastest growing resin type segment because it is used for the development of ultraviolet (UV) light-curing adhesives and waterborne and heat-resistant adhesives over the forecast period. Furthermore, government initiatives towards the recovery of economic are further positively influencing the demand of roofing adhesives and promoting the growth of the construction industry which are expected to drive the growth rate of the roofing adhesive market during forecast period of 2022-2029.
Data Bridge Market Research analyses that the roofing adhesive market is expected to undergo a CAGR of 6.82% during the forecast period. This indicates that the market value, which was USD 5.78 billion in 2021, would rocket up to USD 9.80 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyurethane, Epoxy, Silicone, Acrylic, Others), Technology (Solvent borne, Waterborne, Others), Application (Building and Construction)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Polyglass USA, Inc, (U.S.), MAPEI S.p.A. (Italy), Sika AG (Switzerland), Henkel AG & Co. KgaA (Germany), BASF SE (Germany), 3M (U.S.), Bostik (France), H.B. Fuller (U.S.), Arkema (France), Taylor (U.S.), Apollo Roofing Solutions (U.K.), GAF (U.S.), Karnak (U.S.), Chemlink (U.S.), Wacker Chemie AG (Germany), Pidilite Industries Ltd. (India), Johns Manville (U.S.), Liquid Nails (U.S.), IKO Industries Ltd. (Belgium), Finpan, Inc. (U.S.)
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Market Opportunities
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Market Definition
Roofing adhesives can be used in extensive range of roofing purposes from bonding tiles to insulation. These adhesives should provide prevention of bleeding, staining, discolouring, high strength bonds, low temperature flexibility, durable sealing and quick and easy application. Different types of floor adhesives used for different types of roofing, although few multi-purpose solutions can be used efficiently with the several materials, including residential roofing, sports roofing and non-residential roofing.
Roofing Adhesive Market Dynamics
Drivers
- Growing demand for eco-friendly processes and biodegradable floor adhesives
Roofing adhesives manufacturing companies are progressively adopting eco-friendly and sustainable processes to remove the negative impact of chemical manufacturing on the environment and focus on decreasing the volatile organic compounds (VOC) emissions. For instance, when exposed to high moisture levels or high temperatures, building materials emit high VOC. These adhesive materials ensure that the products have a less carbon footprint. Moreover, biodegradable roofing adhesives are formed to be broken down by bacteria and microorganisms. The degrading process produces water, carbon dioxide and other natural gases defined by the environment. The rising demand of eco-friendly processes and biodegradable roofing adhesives are expected to drive the growth rate of the roofing adhesive market.
- Rising awareness regarding advantages of luxury homes
Rising awareness regarding the benefits of luxury homes is anticipated to increase the demand for the different types of roofing adhesive, which is anticipated to benefit the growth of the roofing adhesive market during the forecast period of 2022-2029. Luxury homes make a better choice for the investment. These homes are equipped with numerous amenities, including gyms, swimming pools, and various sporting and leisure rooms, which require different roofing adhesive.
Furthermore, the growing applications in floor setting, panel setting and insulation along with their superior properties, growing living standard with increasing disposable income of the consumer, increasing demand from several industries such as industrial, residential and commercial are some of the major factors which are expected to increase the growth of the roofing adhesive market during the forecast period of 2022-2029.
Opportunities
- Growing demand of roofing adhesives due to excellent features
Roofing adhesives provide several features such as high-strength bonding, low-temperature flexibility, bleeding, staining, discoloration resistance, long-lasting sealing, and easy application which are expected to create immense opportunities for the growth of the roofing adhesives market. These adhesives are mainly regulated by safety and environmental standards pertaining to CFC, VOC and HCFC emissions. The stringent emission regulations regarding the roofing adhesives is expected to increase the growth momentum of the roofing adhesives market in upcoming years.
Furthermore, the growth of infrastructure an increasing preferences towards the use of green as well as non-hazardous roofing adhesive material will further increase the various opportunities that will lead to the growth of the roofing adhesive market in upcoming period.
Restraints/Challenges
- High cost associated with the production of floor adhesive
Volatility in the production cost of roof adhesive due to high cost of raw material such as oil is expected to act as major restraint and obstruct the overall growth of the roofing adhesive market during the forecast period.
Furthermore, the stringent environmental regulations for the use of roof adhesive will also hamper the growth of the roofing adhesive market during the forecast period.
This roofing adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the roofing adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Roofing Adhesive Market
The outbreak of coronavirus had a negative impact on the roofing adhesive market. As a result of this pandemic, the government has imposed stringent regulation throughout the globe which has affected the growth of the roofing adhesive market. The primary users of roof adhesive, such as residential and non- residential construction, have also shut down their activities, resulting in a decline in demand for construction materials such as roof adhesive globally. Also, the majority of raw materials suppliers in the floor adhesive market had to close down their operations and the major suppliers turned their priority to providing pandemic relief.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Roofing Adhesive Market Scope
The roofing adhesive market is segmented on the basis of type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyurethane
- Epoxy
- Silicone
- Acrylic
- Others
Technology
- Solvent borne
- Waterborne
- Others
Application
- Building and Construction
- Residential
- Non-Residential/ Commercial
Roofing Adhesive Market Regional Analysis/Insights
The roofing adhesive market is analysed and market size insights and trends are provided by country, type, technology and application as referenced above.
The countries covered in the roofing adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the roofing adhesive market due to the increasing disposable income of individuals and high demand for roofing adhesives in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of due to increasing urbanization and subsequent development in the industrialization.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Roofing Adhesive Market Share Analysis
The roofing adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to roofing adhesive market.
Some of the major players operating in the roofing adhesive market are:
- Polyglass USA, Inc., (U.S.)
- MAPEI S.p.A. (Italy)
- Sika AG (Switzerland)
- Henkel AG & Co. KgaA (Germany)
- BASF SE (Germany)
- 3M (U.S.)
- Bostik (France)
- H.B. Fuller (U.S.)
- Arkema (France)
- Taylor (U.S.)
- Apollo Roofing Solutions (U.K.)
- GAF (U.S.)
- Karnak (U.S.)
- Chemlink (U.S.)
- Wacker Chemie AG (Germany)
- Pidilite Industries Ltd. (India)
- Johns Manville (U.S.)
- Liquid Nails (U.S.)
- IKO Industries Ltd. (Belgium)
- Finpan, Inc. (U.S.)
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