Global Roofing Adhesives Market (2020 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Roofing adhesives market – growth, trends, COVID-19 impact and forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s to offer.
The roofing adhesive market is expected to grow at a CAGR of over 4% during the forecast period. The key factors driving the market studied are the growing global construction industry and the increasing replacement of mechanical fastening systems with adhesives. Increasingly strict environmental regulations are expected to hinder the growth of the researched market.
Bostik (Arkema Group)
H.B. Fuller Company
Pidilite Industries Ltd.
Key Market Trends
Increasing demand for epoxy resins
Epoxy resin systems are widely used for bonding concrete to various materials such as wood, metal, rubber and others.
Applying epoxy resin based roofing adhesives offers several advantages. Some of the advantages offered are 100% bonding toughness, VOC free, non-corrosive, high peel strength, non-flammable, etc.,
Due to such properties, epoxy roofing adhesives are widely used in industrial areas, commercial, residential and public places, including shopping malls, institutions, hospitals, schools, industrial buildings, prisons and sports halls.
Epoxy binders have a pot life or curing time of 15-30 minutes at 25°C, making it necessary to mix only the limited amount that can be used properly in the given period.
As a result of growing construction activities, especially in Asia-Pacific and the Middle East, the demand for epoxy roofing adhesives is expected to increase over the forecast period.
Asia-Pacific region to dominate the market
Asia-Pacific region dominated the global market share. With growing construction activities in countries such as China, India and ASEAN countries, the consumption of floor adhesives in the region is increasing.
The largest producers of roofing adhesives are located in the Asia-Pacific region. Some of the leading companies in the production of roofing adhesives are Sika AG, Pidilite Industries Ltd, Bostik (Arkema Group), MAPEI SpA and 3M.
The Chinese government has rolled out massive building plans, including making provisions for the relocation of 250 million people to its new megacities, over the next decade, despite efforts to rebalance its economy to a more service-oriented form.
Nearly 9% of India’s GDP is spent on infrastructure services. The Government of India has given a huge boost to the infrastructure sector by allocating INR 5.97 lakh crore (~$92.22 billion) in the 2018-2019 Union budget.
Therefore, with the growing construction activity, the demand for roofing adhesives is expected to increase rapidly during the forecast period.
Main topics covered:
2 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1.1 Growing Global Construction Industry
4.1.2 Increasing replacement of mechanical fastening systems by adhesives
4.3 Sectoral value chain analysis
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Resin type:
5.3 End user industry
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing demand for bio-based roofing adhesives
7.2 Other options
For more information about this report, visit https://www.researchandmarkets.com/r/deccaa