Report Code: A07322 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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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.
COVID-19 scenario analysis:
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 benefits of the report:
Questions answered in the roofing adhesive market research report:
Roofing Adhesive Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | The Dow Chemical Company, GAF Materials Corporation, Arkema, Royal Adhesives & Sealants, Sika AG, Derbigum Americans Inc., The 3M, Henkel AG & Company |
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