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Roofing Adhesive Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A07322 | Pages: NA | Feb 2021 | 101 Views | | |
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COVID-19
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Roofing adhesive material holds two surfaces together. Various features offered by roofing adhesives are high bond strength, low temperature flexibility, less staining, reduced discoloring, and durable sealing. Roofing adhesives bind together sheets of styrene-butadiene-styrene modified bitumen (SBS-mod-bit) or asphalt roll roofing. Used in both hot and cold forms, it provides excellent chemical bonding and physical interlocking between two materials. Its performance remains constant regardless of the weather conditions, salt water, rain, heat, and UV light. Roofing adhesives are widely used in the building and construction industries. The technology and resins used in roofing adhesives are eco-friendly, flexible, and cost-effective.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD Million) |
Segments covered | Type, Technology, End Use Industry , and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies covered | The 3M, The Dow Chemical Company, Henkel AG & Company, Derbigum Americans Inc., Sika AG, Arkema, Royal Adhesives & Sealants, and GAF Materials Corporation
|
COVID-19 scenario analysis:
- COVID-19 is spreading worldwide, impacting all the sectors severely. Countries in Asia-Pacific have taken measures to curb the spread of the virus. These mitigation measures have slowed economic activities and interrupted people’s daily life and livelihoods of employees.
- Apart from the economic impact of the pandemic, the education sector has been significantly impacted with the closure of schools and new commercial building construction.
- The business community has been disrupted due to cash crisis, supply chain disruption, and manpower-related issues. All consignments measures are on hold.
- Delayed in construction projects and disturbances in production process have led to decrease in demand for roofing adhesives.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The roofing adhesive market has witnessed substantial growth due to increase in demand for roofing adhesive in the construction industry for attaching drywall, tile, molding, and fixtures to walls, ceilings, and floors. Roofing adhesives can be used widely from insulation to bonding tiles. Roofing adhesives yield improved chemical and water resistance as roof is considered as a major part of construction. Roofing adhesives is eco-friendly, flexible, and cost-effective. Moreover, the epoxy segment is also expected to expand rapidly. Epoxy is used as ‘low-tech’ glue in various materials, such as wood, concrete, and others, which increases its demand in the building & construction sector as a major application of roofing adhesives. Rapid urban population, rise in income levels, and affordable interest rates are expected to increase the demand for roofing adhesive in building & construction industries.
However, volatility in raw material prices and stringent government rules & regulation hamper the roofing adhesive market.
Surge in usage of roofing adhesives in industrial applications:
Based on region, the roofing adhesive market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Initiatives on the governmental level for construction projects in developed and developing economies drive the demand for roofing adhesives in the residential sector. Asia-Pacific and Middle East are expected to drive the market growth, owing to increase in construction activities in various commercial sectors, such as hospitals and hotels, to grow the tourism and hospitality industries.
Key segments covered:
Segments | Sub-segments |
Type |
|
Technology |
|
End Use Industry |
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Key benefits of the report:
- This study presents the analytical depiction of the roofing adhesive market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the roofing adhesive market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the roofing adhesives growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the roofing adhesive market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
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