Technavio, a tech-focused market research firm, has published a new report on the global roofing adhesives market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global roofing adhesives market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
Top three contributors for the global roofing adhesives market are elaborated below
Roofing adhesives market in the Americas: North America accounts for a majority of revenue generated in the roofing adhesives market in the Americas owing to its flourishing residential and non-residential sectors. The rising demand for re-roofing in the region is also expected to drive growth of the market in the Americas during the forecast period.
According to Ajay Adikari, a lead analyst at Technavio, specializing in research on additives, adhesives, and sealants, “The rise in energy prices and the increase in awareness of energy consumption in buildings is prompting homeowners to invest in energy-efficient roofs. Besides, government initiatives toward sustainable buildings are also propelling the demand for roofing.”
Roofing adhesives market in EMEA: The roofing adhesives market in EMEA is driven by the rise in investment in affordable homes and the growing demand for commercial buildings. Furthermore, the increase in government initiatives to reduce carbon footprints of building constructions is driving building owners to replace conventional roofing material with energy efficient ones, thereby propelling the demand for roofing adhesives. For instance, in March 2015, the French government passed a new regulation, mandating all building owners to use solar panels or green rooftops for new commercial buildings. During the forecast period, the demand for roofing adhesives in the EMEA is likely to be driven by construction projects in countries such as Saudi Arabia, Dubai, and Kuwait.
Roofing adhesives market in APAC: Factors such as increased investment in infrastructure activities, notably in building infrastructure (residential and non-residential), followed by migration of people to cities drive the growth of the roofing adhesives market in APAC. major demand is expected to come from China and India because of the lenient rules pertaining to foreign investment in the real estate sector. Philippines, Indonesia, and Thailand are expected to emerge as key revenue generating countries in the roofing adhesives market in APAC during the forecast period.
The leading vendors operating in the global roofing adhesives market are:
- Arkema
- BASF
- Henkel
- Sika
- The Dow Chemical Company
Other prominent vendors in the market include Apollo, Carlisle Construction Materials, Dove Technology, Firestone, GAF, Henry, Huntsman International, IKO Roofing, Innovative Chemical Products Group, Johns Manville, Karnak Corp, OMG Roofing Products, and Royal Adhesives & Sealants.
A more detailed analysis is available in the Technavio report titled, ‘Global Roofing Adhesives Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Roofing Insulation Adhesives Market 2017-2021
- Global Defoaming Coating Additives Market 2017-2021
- Global Medical Adhesives and Sealants Market 2017-2021
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