Roofing Adhesive Market by Application, Technology, Resin Type, and Geography - Forecast and Analysis 2020-2024

The roofing adhesive market size has the potential to grow by USD 1.75 billion during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 6.10%. 

This report provides a detailed analysis of the market by resin type (polyurethane resins, epoxy resins, silicone resins, acrylic resins, and others), application (non-residential and residential), technology (waterborne, solvent-borne, and others), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market's competitive landscape and offers information on several market vendors, including: 

 

• 3M Co.
• Arkema SA
• Bridgestone Corp.
• Carlisle SynTec Systems
• Dow Inc.
• H.B. Fuller Co.
• Henkel AG & Co. KGaA
• Johns Manville
• PPG Industries Inc.
• Sika AG

 

The roofing adhesive market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as increasing demand from emerging economies to achieve growth opportunities. However, factors such as fluctuating raw material prices will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the roofing adhesive market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This roofing adhesive market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Roofing Adhesive Market: Key Drivers and Trends

The increasing demand from emerging countries is one of the primary drivers for market growth. The rise in residential and non-residential building constructions in developing countries such as India, China, Indonesia, Russia, and Brazil is foreseen to rise the demand for roofing adhesives in the next five years.  The higher disposable incomes, shifting lifestyles, and the rise in the GDP of these countries will improve the manufacturing and construction industries, in turn, propelling the growth of the roofing adhesives market in these regions.  Moreover, factors such as the availability of land, cheap labor, and fewer government regulations that induce several roofing adhesives vendors to shift their manufacturing facilities to these regions, will also significantly account for market growth in these regions.

The construction industry constitutes both economic and social development strategies and efforts. Energy, transportation, electricity, and telecommunication are vital for the accelerated development and modernization of a country. The increasing number of residential and commercial buildings and increasing number of infrastructure projects globally are expected to increase the sales of roofing adhesives during the forecast period.  Moreover, a surge in construction activities is anticipated to drive the use of supplementary cementitious materials in concrete and cement, and also in other forms in buildings and constructions.  Thus, growth in the building and construction industry is one of the key trends which will influence the growth of the market during the forecast period.

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Roofing Adhesive Market: Segmentation by Geography

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32% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for roofing adhesives in North America. However, market growth in this region will be slower than the growth of the market in other regions.

One of the prime factors that will facilitate the roofing adhesive market growth in North America over the forecast period is increasing building activity. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Roofing Adhesive Market: Segmentation by Resin Type

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This report provides an accurate prediction of the contribution of all the segments to the growth of the roofing adhesive market size. 

Polyurethane is a polymer composed of urethane links. Most polyurethanes do not melt when heated. High heat resistance makes them ideal for use in electrical, construction, and chemical applications. Polyurethane foams are light in weight, chemically stable, versatile, rigid, and long-lasting, and they provide better thermal resistance in insulation. They are predominantly used in the building and construction industry for roofing purposes to make buildings energy efficient. Hence the growth of the market in the polyurethane segment will be significant throughout the forecast period. Fetch actionable market insights on post COVID19 impact on each segment.   

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Roofing Insulation Adhesives market - The market share is expected to increase by USD 737.07 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.18%.

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Roofing Adhesive Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive roofing adhesive market growth during the next five years
• Precise estimation of the roofing adhesive market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the roofing adhesive industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of roofing adhesive market vendors

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Roofing Adhesive Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 6%
Market growth 2020-2024	$ 1.75 billion
Market structure	Fragmented
YoY growth (%)	2.32
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 32%
Key consumer countries	US, China, Germany, UK, and India
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	3M Co., Arkema SA, Bridgestone Corp., Carlisle SynTec Systems, Dow Inc., H.B. Fuller Co., Henkel AG & Co. KGaA, Johns Manville, PPG Industries Inc., and Sika AG
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.