Roofing Adhesives Market is Anticipated to Reach USD 10.7

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) — Roofing Adhesives Market overview

The MRFR analysis reports predict the “Roofing Adhesives Market Research Report Information by Type, Application, Technology and Region – Market Forecast to 2032”. The Roofing Adhesives Market is projected to grow from US$6.7 billion in 2023 to US$10.7 billion in 2032, registering a CAGR of 6.10% during the forecast period (2023-2032).

Market Highlights

Roofing adhesives can be used for a variety of roofing jobs such as: B. the gluing of roof tiles and the attachment of insulation. High strength bonding, flexibility at low temperatures, long lasting seal, quick and easy application and prevention of bleeding, staining and discoloration should all be characteristics of these adhesives. Although few multi-purpose solutions can be used effectively with the various materials including residential, sports and non-residential roofs, different types of flooring adhesives are used for different types of roofs.

To eliminate the negative environmental impact of chemical manufacturing and focus on reducing volatile organic compound (VOC) emissions, roofing adhesive manufacturing companies are increasingly adopting green and sustainable practices. For example, when building materials are exposed to high levels of moisture or heat, they produce significant amounts of VOCs. These adhesive materials contribute to the products having a lower CO2 footprint. In addition, biodegradable roof adhesives should be broken down by bacteria and other microbes. The decomposition process produces water, carbon dioxide and other natural gases that are controlled by the environment. Demand for eco-friendly practices and biodegradable roofing adhesive is expected to increase, which will accelerate roofing adhesive market growth.

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Industry Players Profiled in Global Roofing Adhesives Market Report Include:

• Polyglass USA
• inc
• MAPEI SpA
• Sika AG
• Henkel AG & Co. KgaA
• BASF SE
• 3M
• of five
• HB Fuller
• Arkema
• Taylor
• Apollo roof solutions
• GAF
• Faculty
• Chemlink
• Wacker Chemie AG
• Pidilite Industries Ltd.
• John Manville
• Liquid nails
• IKO Industries Ltd.
• Finpan
• Among other

Report scope:

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limitations and challenges

High cost as a market constraint

The high production cost of floor adhesive, strict government regulation on roofing adhesive use and difficult application process may act as market restraints during the forecast period.

COVID-19 Analysis

The roofing adhesives market suffered from the outbreak of the coronavirus. Due to this pandemic, governments everywhere have imposed strict regulations that have affected the expansion of the market. The main industries that used roofing adhesives, such as residential and non-residential construction, have also ceased operations, leading to a global decline in demand for building materials such as roofing adhesives. Additionally, the majority of commodity suppliers in the market were forced to shut down their businesses and major suppliers shifted their focus to pandemic relief.

driver

Increasing Demand for Epoxy Resins to Boost Market Growth

Epoxy resin systems are commonly used to bond concrete to other materials such as wood, metal, rubber and others. In fact, epoxy-based roofing adhesives offer a number of advantages when applied. Due to some of the benefits offered, such as B. 100 percent strong bond, VOC-free, non-corrosive, high peel strength, etc., Epoxy Roofing Adhesives are widely used in industrial, residential, commercial and public areas such as shopping malls, hospitals, institutions, schools, prisons, industrial buildings and sports arenas. At 25°C, epoxy binders have a pot life of 15-30 minutes, or set time, so it is crucial to mix only a tiny amount that can be used efficiently in that time.

occasions

Rising housing construction offers robust opportunities

The residential sector is expanding as financing and investment in housing increases. In the residential construction sector, roofing adhesives are used to hold insulation, flashing, field membranes and the entire roofing system in place. Growing government-sponsored housing projects and rising per capita incomes are expanding the housing sector.

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market segmentation

The global roofing adhesives market is segmented based on type, technology and application.

By type, the epoxy segment will lead the market during the forecast period. Currently dominating the market, the epoxy segment is expected to grow over the forecast period owing to the increased demand from the commercial sector around the world. It is a synthetic substance that solidifies when heated. Due to its excellent properties, which include chemical resistance and compliance with the other physical properties, it can withstand bad weather.

Technically, water based will dominate the market during the forecast period. Their primary fuels are federal environmental protection regulations, incredible flexibility, lustrous appearance and high shear strength. Solvent-based means a mixture of substances that has been dissolved in a solvent.

Through the application, residential will lead the market over the forecast period. The roofing adhesives market is being driven by a number of factors including a shift towards nuclear families, rising income levels, low interest rates and a modern attitude towards home ownership in many countries anticipating new construction activity.

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Regional Analysis

APAC acquires market leader for roofing adhesives

The Asia-Pacific region held the maximum market share of about 45.80%. The growing demand for floor adhesives in the region is due to the expansion of the construction industry in countries such as China, India and ASEAN. In fact, the majority of roofing adhesives are manufactured in the Asia-Pacific region. The leading manufacturers of roofing adhesives include Sika AG, Bostik (Arkema Group), Pidilite Industries Ltd., MAPEI SpA and 3M. The Chinese government has outlined major expansion plans, including preparing to relocate its 250 million citizens to its new megacities over the next decade, despite attempts to restructure its economy to be more service-oriented. Over 9% of India’s GDP is spent on infrastructure-related costs. The Indian government has earmarked a substantial amount for the infrastructure sector in the 2018-2019 Union budget. Therefore, it is likely that the demand for roofing adhesives will increase along with the expansion of construction activities during the forecast period. In addition, the market boasted the fastest growing market in Asia-Pacific and the China roofing adhesive market had the largest market share.

North America will see admirable growth in the roofing adhesives market

The North American roofing adhesive market had the second highest market share due to the increasing demand for roofing adhesives in the region. The expansion of residential and non-residential construction and the increased disposable income of the population should contribute to the expansion of the world market. In addition, the North American roofing adhesives market in North America was led by the United States with the largest market share and Canada with the fastest growth rate.

Industry Updates

March 2023 – The Garland Company, a manufacturer of multi-modified bitumen roofing systems headquartered in Cleveland, has recently added Green-Lock Plus White to its line of high-performance Green-Lock Plus adhesives. When combined with white marble aggregate, the new white adhesive offers the added benefit of acting as a reflective surface alternative.

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