Valued to be $7.4 Billion by 2026, Roofing Adhesives Slated for Robust Growth Worldwide
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive pool: 982
Businesses: 42 – Covered players include: 3M; Ashland; Bostik (Arkema Group); Derbigum Americans, Inc.; Dow Chemical Company; GAF; H.B. Fuller Company; Henkel AG & Company; Henry Company; jowat; MAPEI SpA; Pidilite Industries Ltd.; Royal Glues & Sealants; Sika AG and others.
Coverage: All major geographies and major segments
Segments: Resin type (polyurethane, epoxy, silicone, acrylic, other resin types); Technology (waterborne, solventborne, other technologies); Application (residential, non-residential)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and the rest of Europe); Asia-Pacific (Australia; India; South Korea; and the rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and the rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and the rest of Middle East); and Africa.
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Reach Global Roofing Adhesive Market $7.4 billion by 2026
Amid the COVID-19 crisis, the global roofing adhesive market is estimated at US$5.3 billion in the year 2020, is expected to reach a revised size of US$7.4 billion by 2026, growing at a CAGR of 5.6% over the analysis period. Polyurethane, one of the segments analyzed in the report, is expected to achieve and achieve a CAGR of 6% US$2.9 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused, growth in the epoxy segment is again adjusted to a revised CAGR of 6.3% for the next 7-year period.
The US market is estimated at: $1.5 billion in 2021, while China is expected to reach $1.5 billion by 2026
The US roofing adhesive market is estimated to be: US$1.5 billion in 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$1.5 billion by the year 2026 at a CAGR of 8.6% over the analysis period. Among the other notable geographic markets are: Japan and Canada, each of which will grow by 3.1% and 5.1%, respectively, over the analysis period. Inside Europe, Germany is expected to grow at approximately 3.5% CAGR.
Reachable silicone segment US$1.3 billion by the year 2026
In the global silicone segment USA, Canada, Japan, China and Europe will generate the estimated CAGR of 4.7% for this segment. These regional markets account for a combined market size of US$708.4 million in the year 2020, a projected size of US$976.4 million at the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. More
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