Roofing Chemical Market Size & Share by Application, Type and Region - Global Forecast to 2025

Marketresearchreports.biz has announced the addition of a new research study on the "Roofing Chemical Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its report database.

The main objective of this report is to define, describe, and forecast the global “Roofing Chemical” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Roofing chemicals are used in roofing systems to provide better protection and durability. They enhances the performance of the roofing system by providing high reflectivity from natural elements, thus maintaining the temperature inside the building. Roofing chemicals are primarily made using rubber or modified bitumen and is commonly used in the construction industry. Rising demand for durable materials from the construction industry, increasing demand for thermal management buildings, and changing lifestyle trend toward sustainable living are factors driving the roofing chemicals market. However, high manufacturing and installation cost of roofing chemicals restraints the market.

Based on type, the roofing chemicals market can be divided into epoxy resins, bituminous, asbestos, elastomers, and others. Bituminous is extensively used roofing type. Bituminous or asphalt is an organic liquid which is water resistance in nature. It improves the mechanical strength and longevity of the roofing, making it economical. This in turn contributes to the rise in its demand in residential and commercial building. Rising demand from residential and commercial buildings is anticipated to propel the bituminous material type segment during the forecast period. Easy-to-use, lightweight, and noncombustible features are factors driving the roofing chemicals market.

In terms of application, the market can be segregated into metal roofing, membrane roofing, and others. Membrane roofing are commonly made from elastomers or modified bitumen roofing chemicals. This type of roofing is widely used in residential buildings. The metal roofing application is also expected to expand considerably during the forecast period. Metal roofing is also known to be extremely durable and have long service life. Aluminum, stainless steel, copper, among others are extensively used materials for manufacturing metal shingles. Demand for metal roofing is anticipated to increase with the development of non-residential applications and pre-engineered metal buildings.

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Based on end-use industries, the roofing chemical market can be divided into residential, commercial, and others. Rise in infrastructure activities such as remodeling and reroofing, especially from the commercial end-use segment is expected to fuel demand for roofing chemicals. Increase in demand for improved performance roofing systems from the residential segment is expected to drive the roofing chemicals market during the forecast period.

In terms of geography, the roofing chemicals market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is estimated to dominate the global roofing chemicals market. There is tremendous scope for roofing chemicals in the region due to the high economic growth in China, rise in infrastructure development activities and growing population in India and China. Moreover, factors such as strong presence of key manufacturers and development of bio-based roof coating products are expected to boost market in North America. Strict regulatory framework for eco-friendly components in roofing systems in Europe is also expected to drive the market. Demand for high-performance roofing chemicals from Middle East & Africa and Latin America is also fueling the roofing chemicals market.

Major players operating in the roofing chemicals market are BASF SE (Germany), The Dow Chemical Company (the U.S), E. I. du Pont de Nemours and Company (the U.S.), Saint-Gobain S.A. (France), Eastman Chemical Company (the U.S.), 3M Company (the U.S), Owens Corning (the U.S.), Akzo Nobel N.V (the Netherlands), and Sika AG (Switzerland). Manufacturers have adopted various organic and inorganic strategies to further increase their market shares.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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