The Global demand for the roofing chemical market is expected to grow at a CAGR of xx%, xx% xx%, and xx% respectively in Europe, North America, APAC, and the Middle East. The roofing chemical market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2027 at a CAGR of 4.7% from 2019 to 2027. In hot weather, a large amount of solar radiation is absorbed and in cold weather, this heat is lost through roofs which led to an increase in the adoption of roofing in the building. As a result, roofing chemical becomes an important element in the construction industry also, consumer awareness towards safety, environmental and health factors have encouraged many manufactures to invest more in research & development.
There is a high demand for cool roof chemical products in Middle East & Africa besides, various government policies for eco-friendly products, to meet the global climatic regulations goals as there is a drastic change in climates globally and to reduce energy consumption have created many lucrative opportunities for the key players. In addition, desire for larger roofing structure, green building policies, and increasing demand for modern roofing, manufactures are focusing on various factors of roofing system, for instance, the barrier to control air, water penetration, and insulation to carry heat flow to offer a better quality of roofing system this have a made a positive impact on the demand of roofing chemical market.
The report has profiled ten key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the Asia Pacific region. Major country’s policies about manufacturing and its impact on Roofing Chemical demand are covered in the report.
Segment Analysis
Global Roofing Chemical Market3
The bituminous segment is expected grow at a CAGR of xx% during the forecast period.
By type, in 2019, the global bituminous segment was xx% and it is estimated to grow at a market share of xx% by 2027.The bituminous segment is dominating as there is increasing demand in the residential & commercial building. Bituminous is also known as asphalt, the adoption of bituminous is increasing as they are more economical it improves longevity and strength of the roofing. Other factors that are driving the market are the properties such as lightweight, easy to use, and non-combustible properties of bituminous.
Global Roofing Chemical Market3
The metal roofing segment is expected to reach US$ xx Mn by 2027
By application, the demand for membrane roofing is increasing in residential buildings and it is expected to grow at a CAGR of xx% during the forecast period. There are three types of membrane roofing EPDM, PVC, and TPO the market growth is driven by the factors such as low cost, energy efficiency, UV resistance longevity.
Metal roofing is the second largest segment which is expected to grow at a CAGR of xx% during the forecast period. Metal roofing provides better wind resistance compared to other roofing, with the rising number of cases in North America and Europe the demand for metal roofing is increasing. Other factors that are driving the market growth are pre-engineered metal building and nonresidential applications. Other extensively used materials are copper, aluminum, and stainless steel for the manufacturing of metal shingles. The adoption of metal roofing is increasing as they have a long shelf life and durable.
Regional Insights:
Global Roofing Chemical Market2
Asia pacific is expected to grow at a CAGR of xx% during the forecast period and is expected to reach xx% market share by 2027
In the Asia Pacific, the market growth is attributed to increasing government investment in the infrastructure, and increasing per capita income has created many lucrative opportunities for the key players. In countries like India and China, the growing construction industry has led to increasing demand for roofing this has led to increasing the demand for the roofing chemical market. Consumer awareness towards safety and trends towards green building policies and energy saving by adopting eco-friendly products have fuelled the market growth. The construction industry in India is expected to grow at a value of USD$ xx billion by 2027 with the growing population.
North America is grow at a CAGR of xx% during the forecast period
The market growth in North America is driven by the factors of the growing demand for malls, airports, metro stations, and restaurants. The construction industry in North America is expected to grow at USD$ xx Bn the market growth is driven by the low-interest rate and rise in per capita disposable income. The government of North America is focusing on renewable energy and digital infrastructure this has created plenty of opportunities opening up for infrastructure investor.
The objective of the report is to present a comprehensive analysis of the global Roofing Chemicalmarket including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global Roofing Chemicalmarket dynamics, structure by analyzing the market segments and project global Roofing Chemicalmarket clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global Roofing Chemical market make the report investor’s guide.
Global Roofing Chemical Market, by Type
• Epoxy resins
• Bituminous
• Asbestos
• Others
Global Roofing Chemical Market, by Application
• Metal roofing
• Membrane roofing
• Others
Global Roofing Chemical Market, by End-Use
• Residential & Commercial
• Others
Roofing Chemical Market, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Global Key players operating in Roofing Chemical Market
• BASF SE (Germany)
• The Dow Chemical Company (the U.S)
• E. I. du Pont de Nemours and Company (the U.S.)
• Saint-Gobain S.A. (France)
• Eastman Chemical Company (the U.S.)
• 3M Company (the U.S)
• Owens Corning (the U.S.)
• Akzo Nobel N.V (the Netherlands)
• Sika AG (Switzerland)
• Others
This Report Is Submitted By : Maximize Market Research Company
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