Market Analysis of Roofing Adhesives
Admin Admin November 11, 2022

The roofing adhesive market is expected to expand by 6.10 percent annually, reaching $1.75 billion in value by 2024.

Market Overview

Market Competitive Analysis

The article explores market competition and profiles many suppliers, including:

  • 3M Co.
  • Arkema SA
  • Bridgestone Corp.
  • Carlisle SynTec Systems
  • Dow Inc.
  • H.B. Fuller Co.
  • Henkel AG & Co. KGaA
  • Johns Manville
  • PPG Industries Inc.
  • Sika AG

Roof adhesive providers use organic and inorganic expansion methods to compete in the fragmented market.

Market firms also use external market forces like developing economy demand to expand. However, raw material price fluctuations may hinder market expansion. Market suppliers should concentrate on fast-growing areas while preserving their positions in slow-growing segments to maximize possibilities and recover from COVID-19.

Roofing Adhesive Market: Key Drivers and Trends

Market growth is driven by growing country demand.

In the next five years, growing nations like India, China, Indonesia, Russia, and Brazil will build more residential and non-residential buildings, increasing demand for roofing adhesives.

Higher disposable incomes, changing lifestyles, and rising GDP in these nations would boost the manufacturing and construction sectors, boosting the roofing adhesives market.

The availability of land, inexpensive labor, and fewer government restrictions that attract roofing adhesives manufacturers to these locations will help boost market expansion.

Construction promotes economic and social growth.

Energy, transportation, power, and communication are essential for rapid expansion and modernization.

Roofing adhesive sales are predicted to rise as residential and commercial structures and infrastructure projects grow internationally during the projected period.

Construction activity is expected to increase the usage of extra cementitious ingredients in concrete, cement, and other building materials.

Thus, market growth will be influenced by building and construction sector expansion.

>>Related post: The Best American Adhesives Manufacturers and Companies

Roofing Adhesive Market: Segmentation by Location

roof adhesives

In the years ahead, the North American market will be responsible for 32% of the global expansion. When it comes to buying roofing adhesives, the United States is a significant market in North America. While the overall market is expected to increase, it is likely to develop at a slower rate in this area than in others.

Increasing construction activity is expected to be a significant driver of the roofing adhesive market in North America during the projected period.

>>Related post: Comparison of Common Adhesives and Industrial Sealants

Roofing Adhesive Market: Segmentation by Resin Type

roof adhesives

Polyurethane, or PU, is a synthetic polymer made up of interconnected molecules of urethane. The majority of polyurethanes will not melt at typical cooking temperatures. Their high resilience to high temperatures makes them useful in various engineering, building, and chemical processes. Polyurethane foams have superior heat resistance in insulation and are lightweight, chemically stable, flexible, robust, and long-lasting. They are often installed on roofs to improve a building's energy efficiency. As a result, polyurethane is expected to be a rapidly expanding market category throughout the projection.

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