Authored By: Sarah
11 Jul 2024

 Roofing Chemicals Market Size to grow by USD 46.8 billion between 2024-2028

According to a research report “ Roofing Chemicals Market” by Product (Asphalt, Acrylic resin, Epoxy resin, Elastomer, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 46.8 billion, at a CAGR of  7.08% during the forecast period. In today's business environment, there is a growing emphasis on energy efficiency and reducing carbon emissions in the construction industry. Roofing chemicals have emerged as a viable solution to address these concerns, particularly in the context of thermal management for buildings. These specialized chemicals offer high reflectivity properties, which significantly lower roof temperatures and decrease the energy consumption required for cooling. By reducing the load on air conditioning systems and lowering overall electricity demand, roofing chemicals contribute to a more sustainable and eco-friendly built environment. With the expanding middle class population and increasing focus on sustainable living, the demand for roofing chemicals is poised for significant growth.

Browse market data tables, figures, and in-depth TOC on “Roofing Chemicals Market” by Product (Asphalt, Acrylic resin, Epoxy resin, Elastomer, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Asphalt segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, APAC  segment is expected to hold the largest market size for the year 2024

The Roofing Chemicals Market encompasses a range of specialized chemicals utilized in the production and application of roofing systems. These essential components enhance the durability, waterproofing, and weather resistance of roofs. Key players in this market include 3M, Sika AG, and PPG Industries, who leverage advanced technology and innovation to deliver high-performance roofing solutions to clients. Growth in the construction industry, particularly in emerging economies, is driving demand for roofing chemicals. Additionally, stringent building codes and increasing focus on energy efficiency are further fueling market expansion.

APAC is forecasted to hold the largest market size by region in 2024

The Roofing Chemicals Market encompasses a wide range of specialized chemicals utilized in the production and application of roofing systems. These essential components enhance the functionality and durability of roofing materials, ensuring optimal performance under various weather conditions. Key market drivers include increasing construction activities, stringent building regulations, and the growing demand for sustainable and energy-efficient roofing solutions.

The Roofing Chemicals Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3M Co.
  • Akzo Nobel NV
  • Atlas Roofing Corp.
  • BASF SE
  • Berkshire Hathaway Inc.
  • CICO Group
  • Compagnie de Saint Gobain
  • Dow Chemical Co.
  • DuPont de Nemours Inc.
  • Eastman Chemical Co.
  • GAF Materials LLC
  • Henry Co.
  • Industrial Foams Pvt. Ltd.
  • Holcim Ltd.
  • National Coatings Corp.
  • NovaTuff Coatings
  • Owens Corning
  • PPG Industries Inc.
  • Sika AG
  • SOPREMA SAS
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Roofing Chemicals Market encompasses a wide range of products including membranes, sealants, waterproofing compounds, and roofing chemical formulations. These chemicals play a crucial role in preventing water damage and water ingress, ensuring the superior properties of roofing systems. Membranes, such as those used in Membrane Roofing and Elastomeric Roofing, are essential for creating a watertight seal. Sealants and waterproofing compounds help prevent water ingress at seams and joints. Polymer-based roofing chemicals, including elastomers like Styrene-Butadiene Rubber (SBR) and Epoxy Resins, offer superior adhesion and durability. Roofing systems, such as Plastic (PVC) Roofing, Bituminous, and Asphalt, benefit from these advanced roofing chemical formulations. Green building practices have led to increased demand for sustainable living standards in buildings. Roof coatings, made from Acrylic Resins and other eco-friendly materials, offer energy efficiency and low temperature performance, making them popular choices for cold roofs. Roofing chemicals are also used in Metal Roofing, enhancing aesthetics and providing protection against corrosion. Environmental concerns have led to the development of sustainable roofing systems, incorporating recycled materials and biodegradable roofing chemicals. Overall, roofing chemicals play a vital role in protecting buildings from the elements while contributing to sustainable living standards.

Market Research Overview

The Roofing Chemicals Market encompasses a wide range of petroleum-based and eco-friendly roofing solutions. Crude oil and petrochemical feedstocks serve as the primary raw materials for producing petroleum-based chemicals, such as thermoplastic polyolefin, rubber, plastic, and bitumen. These roofing chemicals are essential for weatherproofing, insulation, and sealing cracks on various roofing materials like clay tiles, wood, thatch, and even modern ones like drones. However, concerns over respiratory problems, smog formation, and air pollution due to volatile organic compounds and toxic substances like cadmium, lead, and heavy metals have led to a shift towards eco-friendly roofing materials and green roofing practices. Advanced polymers, such as polymer-modified membranes and bitumen coatings, offer superior properties like improved surface texture, high tensile strength, and waterproofing capabilities. Roofing chemicals are crucial for industrial, commercial, and residential applications, including re-roofing projects. Epoxy resin, elastomer, acrylic, and other polymer-based roofing chemicals have gained popularity due to their durability and energy efficiency. Cool-roof coatings, infused with infrared reflective pigments, help reduce cooling and heating costs by reflecting sunlight and minimizing heat absorption. Manufacturing jobs in the roofing chemicals industry continue to evolve with technological advancements, such as soy-fusion technology and preventative treatment methods. Fiberglass-asphalt shingles, spray-on coatings, and membranes like PVC, elastomeric, and bituminous roofing, are all part of the diverse roofing chemicals landscape. Roofing chemicals play a significant role in construction activities, energy conservation, and green building practices. They offer protection against weather-related damage, structural deterioration, hail, wind, and fire. Additionally, they enhance the aesthetics of roofing systems and contribute to sustainable living standards by addressing contaminants like mold, algae, and moisture. In conclusion, the roofing chemicals industry continues to innovate, offering advanced solutions that cater to various roofing systems, environmental concerns, and customer needs. From slope roofs to flat roofs, tile roofing to membrane roofing, and energy-efficient solutions to fire protection, roofing chemicals play a pivotal role in the construction sector and our daily lives.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio