Press release
Two-component Roofing Insulation Adhesives to Hold Monopoly as Construction Activities Surge
The global roofing insulation adhesives market is slated to expand at a CAGR of 8.0% from 2017 to 2021, fueled mainly by surge in construction activities. In a report recently added to MarketResearchReports.biz, it has been observed that these adhesives are being used for internal as well as external insulation purposes. Titled “Global Roofing Insulation Adhesives Market 2017-2021”, this comprehensive publication of 72 pages offers detailed insights into the landscape of the global market and its prospects over the coming years. Findings of the report state that the development of eco-friendly roofing products will offer immense opportunities for players while strict environmental regulations might pose a challenge.
Roofing insulation adhesives allow for lower labor costs and may be used for residential as well as non-residential applications. The residential segment emerged dominant in 2016 owing to the massive rise in residential housing projects and the strict implementation of building codes and regulations for insulation of residential buildings, especially in countries such as Germany, the U.S., and Canada.
By way of type, the market can be bifurcated into two-component and one-component roofing insulation adhesives. The former, with Part A and B components mixed at the time of application, holds the dominant share in the overall market. This type of adhesive offers a host of benefits, including lack of odor, predictable cure time, compatibility with a number of materials, and its ability to be used in sound-sensitive applications. This enables two-component roofing insulation adhesives to be used in medical facilities, hospitals, and schools.
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Based on geography, the Americas, Europe, the Middle East, and Africa, and Asia Pacific are the major segments of the roofing insulation adhesives market. The Americas held the largest share in 2016 and continuing its winning streak throughout the forecast period, this region will be primarily driven by the growth of the residential as well as non-residential sectors. There have also been strong initiatives by the government to ensure and maintain the sustainability of energy-efficient buildings, which has driven the demand for roofing insulation adhesives. Stringent building codes and a resurgent construction industry, especially in the U.S. have also contributed to the growth of the America roofing insulation adhesives market.
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Sika, Henkel, 3M, The Dow Chemical Company, BASF, and Arkema are some of the most prominent players in the global roofing insulation adhesives market. Other key vendors include Dove Technology, Huntsman, GAF, Johns Manville, Henry, Firestone, Qingdao Hengke Fine Chemicals Co. Ltd., Carlisle Construction Materials, and Royal Adhesives & Sealants. This highly competitive roofing insulation adhesives market is dominated by established players since they have a massive geographical reach. Looking to stay ahead of the curve, companies have been focusing on factors such as price, product quality, innovation, and operational cost.
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