Global Roofing Insulation Adhesives Market to Grow at a High CAGR of +7% By 2022 According To New Report

This market research report indicates that 3M, Arkema, BASF, Henkel, Sika and The Dow Chemical Company are major suppliers of roof insulation adhesives worldwide. It also provides a breakdown of global markets by end user segment, type and region (Americas, APAC and EMEA).
Market analyst predicts the global roof insulation adhesive market to witness impressive growth with a CAGR of about +7% by 2022. One of the key factors driving this market growth is the exponential growth of the construction industry. In the construction and infrastructure industries, roofing insulation adhesives are mainly used for insulation purposes. These insulating adhesives are made of polyurethane, bitumen and other materials. Looping insulation adhesives provide high energy efficiency, insulation and chemical resistance. These properties make them ideal for external and internal insulation applications. In addition, properties such as high mechanical strength, light weight, long shelf life, ability to perform at all temperatures, and low curing time are favorably selected for use in flooring and roofing of roofing insulation adhesives.

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Geographically, Americas has the largest market share in 2016 and will continue to dominate the market over the next few years. North America is a major revenue contributor and is due to significant growth in the residential and non-residential sectors. Also, government efforts to sustain the energy-efficient buildings are driving demand for insulating roofs. For example, according to the New York State Green Building Construction Act, all buildings that meet green building standards (including renovations and new construction) are subject to tax credits. Increased rebuilding activity, driven by increased adoption of stricter building codes, will fuel the growth of the roof insulation adhesive market over the next few years.

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Competitive Landscape and Key Vendors
The global roof insulation adhesives market is very competitive because there are many existing companies. Established players occupy a major part of the market due to their vast geographical range. The value chain in the roofing insulation adhesives market begins by sourcing raw materials such as polyurethane, dark brown. This raw material is used by other roofing insulation adhesive manufacturers. To gain competitive advantage, suppliers compete based on factors such as innovation, price, operating costs and product quality.
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Leading companies in the market - 3M, Arquema, BASF, Henkel, Shika and Dow Chemical Company Other well-known companies in the roof insulation adhesives market include Carlisle Construction Materials, Dove Technology, Firestone, GAF, Henry, Huntsman, Johns Manville, Qingdao Hengke Fine Chemicals and Royal Adhesives & Sealants.
During 2016, the residential sector dominated the roof insulation adhesives market and accounted for a significant portion of the overall market share. The exponential growth of residential housing projects is the main driving force for this sector. In addition, the implementation of stringent government regulations for proper insulation of residential buildings in developed countries such as the US, Germany and Canada will drive growth in the future.
The roofing insulation adhesive market is divided into two parts during the forecast period. The two component adhesive is a mixture of Part A and B components. This adhesive does not depend on ambient temperature or humidity for curing and provides more predictable treatment time. Two-component urethane adhesives can also be used in buildings, including medical facilities, schools and hospitals, which are virtually odorless and do not allow strong odors. Compatibility with most insulating materials combined with the ability to be used in noise-sensitive areas will drive growth in this area in the future.

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