Asia Pacific region will continue to lead the Global Roofing Adhesives Market
Posted by rohan on October 22nd, 2019
The roofing adhesives market was estimated at US$ 5.69 billion in 2018 and is expected to reach US$ 7.16 billion by 2023, with an annual growth of 7.83% by 2023.
The POWERply Endure BIO Adhesive is implicitly completely cured, resistant to smell and water within 24 hours after application. This can significantly reduce the duration of many roof projects. IKO Polymeric has developed a new adhesive for cold winter days. The IKOpro PUMA Zero-Adhesive can be used at temperatures up to 0°C to join single-layer insulation panels and membranes with fleece layers. The adhesive does not contain solvents and cures in minutes, which makes the roofer construction quick and easy while providing significant labor savings.
Market Drivers and Restraints:
Interest in roofing adhesives is continuously growing, which is affecting the development of the global market. The expansion of commercial and residential construction supports market development. Moving to the nuclear family and the current homeownership mentality in some countries is driving market development. Several variables that drive the growth of the roofing adhesives market are rapid urbanization, a growing population that is supported by an increase in salary levels and reasonable financing costs. In any case, the unstable prices of raw materials and the deceleration of the money supply are some of the factors that limit the development of the market.
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Report segmented as
By Product Type:
Geographically, the world market for roofing adhesives is divided into Latin America, Asia-Pacific, Europe, North America, and the Middle East and Africa. The Asia-Pacific region is the fastest developing area for the global market due to the increasing interest of commercial, residential and infrastructural activities in developing countries such as Indonesia, Thailand, Vietnam and Taiwan.
Important Market Players:
The key market players include The 3M Company (U.S.), Derbigum Americans, Inc, The Dow Chemical Company(U.S.), Sika AG (Switzerland), Henkel AG & Company (Germany), Arkema (France), Johns Manville (U.S.), GAF Materials Corporation (U.S.), Royal Adhesives & Sealants (U.S.), Dove Technology Ltd. (U.K.), and Henry Company (U.S.). Dove Technology is a U.K. constructer of flat roofing adhesives and primers for the commercial market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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