According to the findings of the Facts and Factors report “Roofing Chemicals Market By Type (Acrylic resin, Asphalt/ Bituminous, Elastomer, Epoxy resin, Styrene) and By Application (Membrane roofing, Elastomeric roofing, Bituminous Roofing, Metal roofing, Plastic (PVC) roofing): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current The market is expected to grow at a CAGR of 7%, reaching around USD 160 billion by 2026.

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A roof is the top covering of any building that is made up of various materials that provide protection from external factors such as rain, sunlight, snow, and wind. Roofing chemical material is the outermost layer on a building’s roof that makes the roof waterproof and prevents water from seeping inside the constructed structure. These chemicals improve the performance of the roofing system by keeping the temperature inside the structure stable and allowing it to be used for multiple purposes.

With the world’s population growing, there is a greater demand for residential and commercial construction, which is aiding the growth of the roofing chemicals market. Other factors driving the demand for roofing chemicals include the growing demand for strong and robust materials used in the construction industry, people’s changing lifestyles, and the growing trend of sustainable living. Other valuable factors that are accelerating the demand for the roofing chemicals market include ease of use, non-combustibility, and lightweight.

However, the high manufacturing costs, implementation, and installation of roofing chemicals market are proving to be impediments to the market’s growth. Another factor limiting the growth of the roofing chemicals market is the use of synthetic chemical-based roofing materials, which have toxic effects on the environment. Nonetheless, growing innovations in bio-based roofing chemicals with lower carbon footprints offer a variety of opportunities for the roofing chemicals market to grow.

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The roofing chemical market is divided into five types: acrylic resin, asphalt/bituminous, elastomer, epoxy resin, and styrene. Because of its high tensile strength, improved surface textures, and good price-to-performance value, asphalt/bituminous roofing material is expected to dominate the market. Bituminous roofing material is a black, sticky, and viscous chemical that is widely used for coating and in the production of bituminous shingles. The roofing chemical market is divided into four application segments: bituminous roofing, membrane roofing, metal roofing, plastic (PVC) roofing, and elastomeric roofing.Bituminous roofing is expected to drive the market over the forecasted period because it is primarily used in the construction of industrial and commercial buildings such as warehouses, storehouses, and factory sheds due to global industrialization.

According to the regional analysis, the Asia Pacific region’s roofing chemicals market is expected to grow rapidly due to the countries’ high economic growth potential, rising demand for residential and infrastructure development activities, population displacement from rural to urban cities for better job and lifestyle opportunities, and rising population.

The major players in the Roofing Chemicals market are as follows:

  • BASF SE
  • The Dow Chemical Company
  • E. I. du Pont de Nemours and Company
  • Saint-Gobain S.A.
  • Eastman Chemical Company
  • 3M Company
  • Owens Corning
  • Akzo Nobel N.V
  • Sika AG
  • Others

This report segments the Roofing Chemicals Market market as follows:

Global Roofing Chemicals Market : By Type Segmentation Analysis

  • Acrylic resin
  • Asphalt/ Bituminous
  • Elastomer
  • Epoxy resin
  • Styrene

Global Roofing Chemicals  Market: By Application Segmentation Analysis

  • Membrane roofing
  • Elastomeric roofing
  • Bituminous roofing
  • Metal roofing
  • Plastic (PVC) roofing

Global Roofing Chemicals Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa