Global Roofing Chemicals Market, By Type (Asphalt/Bituminous, Acrylic Resin, Epoxy Resin, Styrene, Elastomers), Application (Membrane Roofing, Elastomeric Roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) Roofing) – Industry Trends and Forecast to 2030.
Roofing Chemicals Market Analysis and Size
The global roofing chemicals market consists of the production and distribution of chemicals that are used in roofing applications. These chemicals are used for various purposes, including waterproofing, UV protection, adhesion, sealing, and surface protection. They are applied while the installation and maintenance of roofs to increase durability and protection against environmental factors.
Data Bridge Market Research analyzes that the roofing chemicals market, which was USD 119.00 billion in 2022, would rocket up to USD 218.63 billion by 2030, and is expected to undergo a CAGR of 7.90% during the forecast period of 2023 to 2030. “Asphalt/Bituminous” dominates the type segment of the market owing to its extensive use in the roofing industry due to its excellent waterproofing properties and cost-effectiveness.
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.
Roofing Chemicals Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
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Segments Covered
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By Type (Asphalt/Bituminous, Acrylic Resin, Epoxy Resin, Styrene, Elastomers), Application (Membrane Roofing, Elastomeric Roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) Roofing)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Alchimica (Greece), DuPont de Nemours, Inc. (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), Exxon Mobil Corporation (U.S.), H.B. Fuller Company (U.S.), National Coatings Corporation (U.S.), North American Roofing Services, Inc. (U.S.), CERTAINTEED (U.S.), GAF (U.S.), Saint-Gobain Group (France), Dow (U.S.), BASF SE (Germany), Owens Corning (U.S.), 3M (U.S.), and Kuber Chemicals (India) among others
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Market Opportunities
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Market Definition
The global roofing chemicals market refers to the industry that consists of the production, distribution, and sales of chemical products used in various applications related to roofing. These chemicals increase the performance, durability, and protection of roofs. The roofing chemicals type such as asphalt/bituminous materials, acrylic resins, epoxy resins, styrene, and elastomers are used for waterproofing, UV protection, adhesion, sealing, and surface protection. They are used in residential and commercial sectors for effective roofing solutions.
Global Roofing Chemicals Market Dynamics
Drivers
- Increasing construction and infrastructure activities
Growing construction projects due to growing urbanization and population growth drive market growth. In addition, new residential and commercial complexes drive market growth.
- Growing commercial and industrial sectors
There has been a rise in commercial and residential activities worldwide, which has led to growth in construction and infrastructure activities, thus driving market growth.
Restraint
- Availability of substitute roofing materials
There are various types of roofs such as metal and solar roofs that act as a substitute for roofing material made from materials such as cement, which leads to decreased demand for roofing chemicals.
Opportunity
- Increasing adoption of eco-friendly roofing chemicals
The growing focus on sustainability and environmental consciousness creates opportunities for the development of eco-friendly roofing chemicals, such as water-based coatings and recyclable materials.
Challenges
- Volatility in raw material prices
Price fluctuation in the prices of raw materials can lead to increased cost of production and impact the profitability of the manufacturers. In addition, the increased cost of logistics due to fluctuating fuel prices poses a challenge for manufacturers and suppliers.
This global roofing chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In February 2023, Kamdhenu Paints launched a new waterproofing product called 'Kamo Damp Proof.' This product is a fiber-reinforced elastomeric liquid waterproofing membrane formulated with synthetic fiber and robust acrylic polymers.
Global Roofing Chemicals Market Scope
The global roofing chemicals market is segmented into two notable segments based on type and application. The growth amongst these segments will help you analyze meager 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
- Asphalt/Bituminous
- Acrylic Resin
- Epoxy Resin
- Styrene
- Elastomers
Application
- Membrane Roofing
- Elastomeric Roofing
- Bituminous Roofing
- Metal Roofing
- Plastic (PVC) Roofing
Global Roofing Chemicals Market Regional Analysis/Insights
The global roofing chemicals market is analyzed and market size insights and trends are provided by type and application as referenced above. The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.
Asia-Pacific is expected to dominate the global roofing chemicals market because of the rapid urbanization, industrialization, and infrastructure development in the region.
North America is expected to witness significant growth during the forecast period of 2023 to 2030 due to the rising renovation activities and the need for energy-efficient solutions.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Roofing Chemicals Market Share Analysis
The global roofing chemicals market competitive landscape provides details of competitors. 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, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global roofing chemicals market are:
- Alchimica (Greece)
- DuPont de Nemours, Inc. (U.S.)
- Eastman Chemical Company (U.S.)
- Evonik Industries AG (Germany)
- Exxon Mobil Corporation (U.S.)
- H.B. Fuller Company (U.S.)
- National Coatings Corporation (U.S.)
- North American Roofing Services, Inc. (U.S.)
- CERTAINTEED (U.S.)
- GAF (U.S.)
- Saint-Gobain Group (France)
- Dow (U.S.)
- BASF SE (Germany)
- Owens Corning (U.S.)
- 3M (U.S.)
- Kuber Chemicals (India)
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