Roofing Chemicals Market Innovations Investigated by Size and Growth, Latest Trends 2030

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The global roofing chemicals market consists of the production and distribution of chemicals that are used in roofing applications. These chemicals are used for various purposes, including waterproofing, UV protection, adhesion, sealing, and surface protection. They are applied while the installation and maintenance of roofs to increase durability and protection against environmental factors.

The “Roofing Chemicals “Market Research analysis presents estimations of growth, size, and projections for each market segment, accompanied by trends and forecasts based on revenue (in USD Million)

The growing environmental concerns caused by the increased use of cool roofing around the world are expected to drive the market during the forecast period. The increasing desire to reduce carbon footprints is projected to drive the market during the forecast period. This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

The global roofing chemicals market size was valued at USD 61.32 billion in 2023, and projected to reach USD 121.97 billion by 2030, with a CAGR of 7.94% from 2024 to 2030.

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Market Key Players Covered In This Report:

BASF SE, The Dow Chemical Company, Kamdhenu, E. I. du Pont de Nemours and Company, Saint-Gobain S.A., Eastman Chemical Company,3M Company, Akzo Nobel N.V, Sika AG, GAF Materials Corporation, Excel Coatings, Owens Corning, Carlisle Companies Inc.

Recent Development

In February 2023, Kamdhenu Paints launched a new waterproofing product called ‘Kamo Damp Proof.’ This product is a fiber-reinforced elastomeric liquid waterproofing membrane formulated with synthetic fiber and robust acrylic polymers.

The purpose of this report is to provide valuable insights into market dynamics, enabling users, investors, and business owners to make informed investment decisions. The report offers accurate information on different market segments and highlights the top companies operating in each segment.

The authenticity of the data is ensured through verification by industry experts and opinion leaders. The information is gathered through comprehensive primary and secondary research, and it is presented in a well-organized manner using tables, figures, diagrams, and charts to enhance clarity and comprehension of the Roofing Chemicals market trends.

Roofing Chemicals Market Segmentation:

Roofing Chemicals Market by Type, 2020-2029, (USD Billion) (Kilotons)

Acrylic Resin

Asphalt/ Bituminous

Elastomer

Epoxy Resin

Styrene

Roofing Chemicals Market by Application, 2020-2029, (USD Billion) (Kilotons)

Membrane Roofing

Elastomeric Roofing

Bituminous Roofing

Metal Roofing

Plastic (PVC) Roofing

Roofing Chemicals Market by End Use Industry, 2020-2029, (USD Billion) (Kilotons)

Residential

Commercial

Others

Global Roofing Chemicals Market Dynamics

Drivers:

  • Increasing construction and infrastructure activities

Growing construction projects due to growing urbanization and population growth drive market growth. In addition, new residential and commercial complexes drive market growth.

  • Growing commercial and industrial sectors

There has been a rise in commercial and residential activities worldwide, which has led to growth in construction and infrastructure activities, thus driving market growth.

Restraint:

  • Availability of substitute roofing materials

There are various types of roofs such as metal and solar roofs that act as a substitute for roofing material made from materials such as cement, which leads to decreased demand for roofing chemicals.

Opportunity

  • Increasing adoption of eco-friendly roofing chemicals

The growing focus on sustainability and environmental consciousness creates opportunities for the development of eco-friendly roofing chemicals, such as water-based coatings and recyclable materials.

Challenges

  • Volatility in raw material prices

Price fluctuation in the prices of raw materials can lead to increased cost of production and impact the profitability of the manufacturers. In addition, the increased cost of logistics due to fluctuating fuel prices poses a challenge for manufacturers and suppliers.

Regional Insights:

North America is the leading market considering demand for roofing chemicals, amid stringent regulations regarding energy conversation in the US and Canada. Moreover, rising construction activities in Asia Pacific, particularly in China and India, is letting the APEJ region to expand the fastest in terms of demand for roofing chemicals.

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Important Features of the reports:

– Detailed analysis of the Roofing Chemicals market

– Fluctuating market dynamics of the industry

– Detailed market segmentation

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of the Roofing Chemicals Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

– A neutral perspective towards Roofing Chemicals market performance.

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How big will the market and growth rate be in 2030?

What are the key drivers for the global Roofing Chemicals market?

What are the major market trends influencing the growth of the global Roofing Chemicals Market?

What are the challenges for market growth?

Who are the key vendors in the global Roofing Chemicals market?

What market opportunities and threats are vendors facing in the global Roofing Chemicals market?

What are the main findings of the five forces analysis of the global Roofing Chemicals Market?

Conclusion: At the end of the Roofing Chemicals Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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