Roofing Adhesives Market Scope
The global roofing adhesives market is expected to grow in the forecasted period due to growing development in the construction industry across the world. Roofing Adhesives are most prominently used in a wide range of roofing applications from insulation to bonding tiles. it provides various features such as high strength bonds, low-temperature flexibility, prevention of bleeding, staining, discoloring, durable sealing, and quick and easy application. the high demand for waterborne adhesive due to government stringent emission regulation. The technology and resins used in roofing adhesives are eco-friendly, flexible, and cost-effective.
According to AMA, the Global Roofing Adhesives market is expected to see growth rate of 6.89% and may see market size of USD7.03 Million by 2026.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Roofing Adhesives market throughout the predicted period.
The 3M Company (United States), The Dow Chemical Company (United States), Henkel AG & Company (Germany), Sika AG (Switzerland), Arkema (France), GAF Materials Corporation (United States), Dove Technology Ltd (United Kingdom), Henry Company (United States), Johns Manville (United States), Royal Adhesives & Sealants LLC (United States), Apollo Roofing Co Inc. (United States) and Carlisle SynTec Inc (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Chemlink (United States), Derbigum Americas Inc. (United States), KARNAK Corporation (United States), Flex Membranes International Corp. (United States), Fin Pan Inc. (United States), IKO Roofing (Canada) and Liquid Nails Brand (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Roofing Adhesives market by Type (PU Roofing Adhesives, Epoxy Roofing Adhesives, Silicone Roofing Adhesives and Acrylic Roofing Adhesives), by Application (Residential and Non Residential (Commercial, Architectural, and Industrial)) and Region with country level break-up.
On the basis of geography, the market of Roofing Adhesives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On August 28, 2018, 3M and Mike Holmes have collaborated to increase awareness with homeowners to help eliminate black streaks on roofs for good by naming shingles with Scotchgard Protector a HOLMES Approved Product. In addition to this, Atlas Roofing will leverage its relationship with its roofing contractors, including trained as Scotchgard Protector Shingle Sales Specialists, to help them effectively bring this message to homeowners through a powerful set of marketing tools.
Market Trend
- Upsurging Demand Solar Roofing Panels across the Globe
- Increasing Adoption of Cool and Metallic Roofs in the Construction Applications
Market Drivers
- Growing Demand for Roofing Adhesives across the Developing Economies
- Escalating Demand from the Highly Growing Building and Construction Industry
Opportunities
- Increasing Demand for Non-Hazardous, Green, and Sustainable Roofing Adhesives
- Economic Growth and Rising Government Expenditure on Infrastructure Development.
Restraints
- Numerous Reliability Issues Associated with the Rubber Based Roofing Adhesives
- Roof Protrusions Like Pipes, Vents, HVAC units, and Many Others might create Natural Vulnerabilities
Challenges
- Upsurging Raw Material Prices Especially for Light Weight and Highly Durable Roofing Adhesives
- Stringent Manufacturing Rules and Regulations for Certification of Raw Materials
Key Target Audience
Roofing Adhesives Manufacturers, Raw Material Suppliers, Roofing Adhesives Distributors and International Traders, General Roofing Adhesives Associations, Construction Industry Associations, Research and Development Institutes, Government Agencies, Financial Institutes and Venture Capitalists and Others