The global Roofing Adhesives Market is estimated to be valued at .5 billion

Posted by Lohitha on August 9th, 2019

According to the new market research report by IndustryARC titled “Roofing Adhesives Market: By Type (Polyurethane, Epoxy, Silicone, Acrylic and others); By Substrate(Concrete, Wood, Ceramic, Others); By Component(One Component, Two Component); By Curing Process(UV Cure, Thermal Cure, Moisture, Others); By Formulation (Solvent borne, Water borne and others); By Application (Residential, Non Residential) By Geography (North America, Europe, APAC and Row) - Forecast(2018-2023)” the market will be driven by increasing demand for roofing adhesives in residential and commercial constructions.

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North America will Dominate the Roofing Adhesives Market

North America will dominate the Roofing Adhesives Market in the forecast period due to the growth of the residential and commercial sectors. The government initiatives to provide energy efficient buildings will also drive the demand for roofing adhesives in the region. The growth of the construction activity will drive the roofing insulation adhesives market in the region. In Asia Pacific, the increasing urbanisation will propel the growth of the roofing adhesive in the forecast period.

Selected Regulatory Analysis Done in the Full Report:

The residential segment will have the largest share in the roofing adhesives market in the forecast period. This is due to the growth of the residential housing projects. The implementation of strict government rules for the insulation of residential buildings in countries such as US and Germany also spur the demand for this segment.
High credit growth for housing, government tax credits, and the incentives for energy efficient construction projects are responsible for the growth of the residential sector. This sector will dominate the market in the next four years.

Selected Driving Factors Mentioned in the Full Report:

Growing number of residential and commercial buildings will drive the growth of the roofing adhesives market in the forecast period.
Growing industrialization spurs the demand for roofing glue in the forecast period.
Increasing adoption of strict building codes propels the roofing adhesives market in the future.
The strong demand for epoxy resins which are used in automotive and aerospace segments will drive the demand for industrial adhesive.

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Key Players of the Roofing Adhesives Market:

The key players of the roofing adhesives market include Arkema, Henkel, and Sika. Arkema has produced a new product known as Encor Flex 192, an acrylic latex binder designed for the coatings used in the restoration of low slope roofing membranes. Henkel provides pressure sensitive solutions for roof taping and construction. Sika provides adhesives for bonding roofing system components and provides the method of resisting the effects of wind uplift.

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