Roofing Chemicals market size worth USD 160.25 Billion by 2026, Globally at 7.8% CAGR | BASF SE, The Dow Chemical Company

Roofing chemicals are generally utilized to improve the performance and shelf life of roof coatings and coverings. These chemicals are vital to keep the temperature low in the interiors of the house. Cool roofing technologies has increased awareness regarding roofing chemicals across the globe. Roofing chemicals are preferred for their various properties such as high reflectivity and insulation. Roofing chemicals are vital for thermal management of buildings and houses. The electricity costs are also reduced owing to lesser energy requirements for cooling the interiors of the house.

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Global Roofing Chemicals Market Taxonomy

The global roofing chemicals market is classified on the basis of the following segments:

Product Type
Acrylic
Asphalt
Elastomer
Epoxy Resin
Styrene
Others

Application
Membrane
Bituminous
Elastomeric
Metal
Plastic

The need for roofing chemicals has increased as construction activities have increased around the world. Asphalt roofing is commonly utilised in construction. It's the most often used roofing chemical. In terms of roofing materials, asphalt offers the finest results. The market for asphalt roofing chemicals has been encouraged by factors such as a wide range of top-surfacing options, insulation, reduced deformation, reduced flushing, improved texture, and durability.

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Roofing chemicals are currently the most popular in Asia Pacific. The roofing chemicals market in this area is driven by countries such as China, India, Japan, Australia, and South Korea, among others. Not just in Asia Pacific, but also globally, China is the main player in this market. Due to increased construction activity and the country's real estate development, China's demand for roofing chemicals is increasing. During the forecast period, this tendency is expected to continue. Roofing chemicals are also gaining popularity in India. Due to increased infrastructure and development operations in these countries, China and India are likely to grow at the quickest rates.

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This release was published on openPR.