Roofing Chemicals Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2021–2027
The global Roofing Chemicals market size is expected to reach $167.27 billion, from $95.52 billion in 2019, with a growth rate of 7.7% through 2027.
NEW YORK CITY, NY, UNITED STATES, August 31, 2021 /ENDdresswire.com/ — The global Roofing Chemicals Market: research report published by Reports and Data is an investigative research study that focuses on industry top players, business expansions, geographic reach, market segments and sub-segments, and cost and value chain analysis. It provides crucial insights into market share, market size, revenue growth, current and emerging trends, consumer preferences and demands, factors influencing market growth, and other important data to help customers, businesses and stakeholders capitalize on the emerging opportunities in roofing. Chemical market. Covering growth prospects as well as current and futuristic revenue estimates in a post-COVID scenario, the report provides an in-depth impact analysis of the health crisis on the overall market growth.
The Roofing Chemicals Market report covers key dimensions of the market including major regional markets, product and technology landscape, application areas, vertical end uses, and competitive environment. Other important elements of the market included in the report are market size, revenue growth, supply and demand charts, production and consumption patterns, driving and restraining factors, latest and upcoming trends, potential threats and challenges, and various econometric aspects. The global Roofing Chemicals market size is expected to reach USD 167.27 billion from USD 95.52 billion in 2019, with a growth rate of 7.7% through 2027. The market growth is being driven by the rising demand for energy efficient buildings and the large-scale use of biobased chemicals for roofing.
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The increase in R&D activities related to the cost reduction in the installation of roofing systems will positively impact the roofing chemicals market. Moreover, increasing investment in technological advancement in an effort to improve the aesthetics of buildings along with the efficiency of membrane material of roofing chemicals will promote the market growth over the forecast period.
Major Players in the Global Roofing Chemicals Market include:
BASF SE, EI du Pont de Nemours and Company, The Dow Chemical Company, Saint-Gobain SA, 3M, Owens Corning, Eastman Chemical Company, Akzo Nobel NV, Sika AG and GAF Materials Corporation, among others.
Further key findings from the report suggest:
Based on type, the bituminous segment generated sales of USD 25.10 billion in 2019 and is expected to hold 36.3% of the global market share of roofing chemicals by 2027. The robust growth can be attributed to the increasing adoption of bituminous material for residential and commercial buildings. Product properties such as lightweight, non-combustible and user-friendly material are the main factors driving demand.
Based on the application, metal roofing is expected to contribute significantly to the market share of roofing chemicals over the forecast period due to the growth in the development of prefabricated metal buildings and non-residential applications.
The increasing number of suppliers and manufacturers of bitumen, elastomers and epoxy resins is likely to drive the global roofing chemicals market growth during the analysis period.
On an end-use basis, it is estimated that the commercial segment will experience significant growth over the forecast period as a result of a significant increase in infrastructure activities, including roof repair and renovation.
In the regional landscape, Asia-Pacific is expected to account for the majority of the global roofing chemicals market share, growing at a CAGR of nearly 8.1% through 2027. Factors such as strong economic growth in China, population growth in India and China. Moreover, increased infrastructure development activities, strong presence of key manufacturers along with the development of organic roofing products in the region will complement the market revenue share of the market during the analysis period.
Europe is expected to experience significant growth over the foreseeable period due to a strict regulatory framework for environmentally friendly components in roof systems across the region.
In May 2020, Nouryon, a global leader in specialty chemicals, launched a new elastomeric cooling roof coating solution that offers energy savings with highly reflective light and enhanced self-cleaning properties, making it ideal for the building and construction application.
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For the purposes of this report, reports and data have segmented the Global Roofing Chemicals Market on the basis of type, application, end-use industry, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Yield, USD Billion; 2017-2027)
End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
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Regional Outlook (Yield, USD Billion; 2017-2027)
Middle East and Africa
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