The global Roofing Chemicals market size is forecast to reach USD 167.27 billion from USD 95.52 billion in 2019, exhibiting a growth rate of 7.7% through 2027. The market growth is driven by the surging demand for energy-efficient buildings and large-scale utilization of bio-based roofing chemicals.
Key participants in the global roofing chemicals market include BASF SE, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Saint-Gobain S.A., 3M, Owens Corning, Eastman Chemical Company, Akzo Nobel N.V., Sika AG, and GAF Materials Corporation, among others.
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Roofing chemicals are witnessing high demand as they efficiently reflect the sunlight on roofs and aid in maintaining lower temperatures inside buildings. This, in turn, reduces the energy consumption for cooling residential or commercial buildings. Several industry players are focusing on expansions and new product development activities to offer environment-friendly and more energy-efficient solutions. The newly introduced roofing chemicals offer low VOC (Volatile Organic Compound) emissions that are compliant with standards set by regulatory bodies in the European Union, such as Restriction of Substances Directive (RoHS) and REACH.
For the purpose of this report, Reports and Data has segmented the Global Roofing Chemicals Market on the basis of type, application, end-use industry, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Middle East & Africa
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The rise in the number of R&D activities associated with the reduction of costs in the installation of roofing systems will positively impact the roofing chemicals market. Moreover, increasing investments in technological advancements in a bid to improve the aesthetics of buildings, along with the efficiency of membrane material of roofing chemicals, will foster market growth over the forecast period.
Further key findings from the report suggest
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Table of Content-
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Roofing Chemicals Market Segmentation & Impact Analysis 4.1. Roofing Chemicals Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market Indicators Analysis 4.2.2. Market Drivers Analysis 4.2.2.1. Growing Demand for Energy Efficient Roof Coatings 4.2.2.2. Increasing Awareness for Green Roofing Systems 4.2.2.3. Growth in the Construction Industry 4.2.3. Market Restraints Analysis Continued…
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