Global Roofing Adhesives Market: Overview
Adhesives material holds two surfaces together in a way that they should never detach. They adhere two surfaces together by developing strength and maintain stability. In a similar manner, roofing adhesives bind two asphalt roll roofing or styrene-butadiene-styrene modified bitumen together. They come in both form cold and hot and are also available in various sizes. Roofing adhesives allow chemical bonding and physical interlocking between two materials and exhibit high environmental resistance. They performance is maintained regardless of the weather conditions, salt water, rain, heat, UV light and others hence are widely used in the building and construction applications.
Global Roofing Adhesives Market: Growth Factors
Demand for roofing adhesives is increasing worldwide which is positively influencing the growth of the global roofing adhesives market. Increasing residential and commercial constructional activities boost the global market growth. The shift towards nuclear families and modern attitudes to home ownership in several countries anticipates propelling the global market growth. Some other factors that fuel the global roofing adhesives market growth are rapid urbanization, escalating population supported by increasing income levels and affordable interest rates. However, unstable raw material prices and economic slowdown are some factors that restraint the global market growth.
Global Roofing Adhesives Market: Segmentation
The global roofing adhesives market is classified based on the application as residential and non-residential/commercial. The residential segment is further sub-segmented into repairs & maintenance and new construction. Further non-residential/commercial segment is sub-segmented into repairs & maintenance and new construction. Based on technology, the global market is fragmented as solvent borne and waterborne. The global roofing adhesives market is segmented based on the resin type as acrylic, polyurethane, silicone, epoxy and others. Of these, polyurethane roofing adhesive segment contributed for largest market share. Epoxy is the second largest segment that is expanding rapidly. It is an artificial substance that converts into solid when heated. It possesses some excellent properties such as chemical resistance, adhesion other physical properties so that it can withstand adverse climatic conditions.
Global Roofing Adhesives Market: Regional Analysis
North America accounted for the largest market share owing to the high demand for roofing adhesives in this region. Increasing residential and non-residential constructions coupled with increasing disposal income of the population is expected to propel the global market growth. Increasing urbanization and subsequent growth in the industrialization in the Asia Pacific region anticipate witnessing growth in the future. Emerging middle-class population and the increasing purchasing power of the people in the developing region such as India and China have also contributed to the market growth. The Middle East & Africa shows a significant growth owing to the rise in demand for luxurious and well-developed infrastructure.
Global Roofing Adhesives Market: Competitive Players
The key market players in the global roofing adhesives market are Derbigum Americans, Inc., Sika AG, Arkema, Dow Chemical Company, Henkel AG & Company and Royal Adhesives & Sealants.
Global Roofing Adhesives Market: Regional Segment Analysis
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