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Global Roofing Chemicals Market - Industry Trends and Forecast to 2030

Chemical and Materials

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Global Roofing Chemicals Market - Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Roofing Chemicals Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 119.00 Billion
Diagram Market Size (Forecast Year) USD 218.63 Billion
Diagram CAGR %

Global Roofing Chemicals Market, By Type (Asphalt/Bituminous, Acrylic Resin, Epoxy Resin, Styrene, Elastomers), Application (Membrane Roofing, Elastomeric Roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) Roofing) – Industry Trends and Forecast to 2030.

Global Roofing Chemicals Market

Roofing Chemicals Market Analysis and Size  

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.

Data Bridge Market Research analyzes that the roofing chemicals market, which was USD 119.00 billion in 2022, would rocket up to USD 218.63 billion by 2030, and is expected to undergo a CAGR of 7.90% during the forecast period of 2023 to 2030. “Asphalt/Bituminous” dominates the type segment of the market owing to its extensive use in the roofing industry due to its excellent waterproofing properties and cost-effectiveness.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Roofing Chemicals Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD

Segments Covered

By Type (Asphalt/Bituminous, Acrylic Resin, Epoxy Resin, Styrene, Elastomers), Application (Membrane Roofing, Elastomeric Roofing, Bituminous Roofing, Metal Roofing, Plastic (PVC) Roofing)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

Alchimica (Greece), DuPont de Nemours, Inc. (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), Exxon Mobil Corporation (U.S.), H.B. Fuller Company (U.S.), National Coatings Corporation (U.S.), North American Roofing Services, Inc. (U.S.), CERTAINTEED (U.S.), GAF (U.S.), Saint-Gobain Group (France), Dow (U.S.), BASF SE (Germany), Owens Corning (U.S.), 3M (U.S.), and Kuber Chemicals (India) among others

Market Opportunities

  • Shift towards eco-friendly and green roofing solutions
  • Increasing focus on energy-efficient roofing systems

Market Definition

The global roofing chemicals market refers to the industry that consists of the production, distribution, and sales of chemical products used in various applications related to roofing. These chemicals increase the performance, durability, and protection of roofs. The roofing chemicals type such as asphalt/bituminous materials, acrylic resins, epoxy resins, styrene, and elastomers are used for waterproofing, UV protection, adhesion, sealing, and surface protection. They are used in residential and commercial sectors for effective roofing solutions.

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.

This global roofing chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

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.

Global Roofing Chemicals Market Scope

The global roofing chemicals market is segmented into two notable segments based on type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Application

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

Global Roofing Chemicals Market Regional Analysis/Insights

The global roofing chemicals market is analyzed and market size insights and trends are provided by type and application as referenced above. The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.  

Asia-Pacific is expected to dominate the global roofing chemicals market because of the rapid urbanization, industrialization, and infrastructure development in the region.

North America is expected to witness significant growth during the forecast period of 2023 to 2030 due to the rising renovation activities and the need for energy-efficient solutions.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Roofing Chemicals Market Share Analysis

The global roofing chemicals market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global roofing chemicals market are:

  • Alchimica (Greece)
  • DuPont de Nemours, Inc. (U.S.)
  • Eastman Chemical Company (U.S.)
  • Evonik Industries AG (Germany)
  • Exxon Mobil Corporation (U.S.)
  • H.B. Fuller Company (U.S.)
  • National Coatings Corporation (U.S.)
  • North American Roofing Services, Inc. (U.S.)
  • CERTAINTEED (U.S.)
  • GAF (U.S.)
  • Saint-Gobain Group (France)
  • Dow (U.S.)
  • BASF SE (Germany)
  • Owens Corning (U.S.)
  • 3M (U.S.)
  • Kuber Chemicals (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Roofing Chemicals Market will be worth USD 218.63 billion by 2030.
The Roofing Chemicals market is expected to grow at a CAGR of 7.90% during the forecast period.
The Growing commercial and industrial sectors and Increasing construction and infrastructure activities are the Growth Drivers of the Roofing Chemicals Market.
The type and application are the factors on which the Roofing Chemicals Market research is based
The Kamdhenu Paints launched a new waterproofing product called 'Kamo Damp Proof.' This product is a fiber-reinforced elastomeric liquid waterproofing membrane formulated with synthetic fibers and robust acrylic polymers is the latest developments in the Roofing Chemicals Market
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