Browse 105 market data tables and 57 figures spread through 172 pages and in-depth TOC on “Roofing Chemicals Market by Type (Acrylic Resin, Asphalt/Bituminous, Elastomer, Epoxy Resin, and Styrene), Application (Membrane, Elastomeric, Bituminous, Metal, and Plastic Roofing Materials) - Global Forecast to 2026”

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This growth is driven by the high demand from the construction sector and the increasing global demand for roofing chemicals in the Asia-Pacific, North American, and European regions. Roofing chemicals are preferred for their various properties such as high reflectivity which enables the maintenance of lower temperatures inside buildings.

Asphalt/Bituminous: The most-widely used type of roofing chemical

Asphalt/Bituminous roll roofing or membrane is a roofing material commonly used for buildings. The material is based on the same materials used in asphalt shingles.  The asphalt/bituminous is the most-widely used type of roofing chemical. Asphalt has a proven track record of performance, with wide choice in top-surfacing, good insulation, reduced permanent deformation, reduced flushing, improved texture and longevity properties. Competitive cost, low crack formation, and flexibility are the main characteristics of asphalt roofing which drives the demand for asphalt. Asphalt roofings are also a part of fire, wind and hail resistant roof systems. 

Bituminous Roofing: The largest application of roofing chemicals

Bituminous roofs are generally considered for their rigidness and long life. Bituminous roofs have the capability to last through the duration of any housing structure. They can be used with conventional shingles, which makes them suitable for quick installation. Bituminous mixed with rubber can also be used in roofing systems. The main reason for using bituminous rubber is that, it has significantly improved engineering properties over conventional grade bitumen.

Asia-Pacific: The largest market for roofing chemicals

The Asia-Pacific region is the largest market in the global roofing chemicals market, in terms of value, and this trend is expected to continue till 2026. Countries in this region such as China, India, Japan, South Korea, and Australia and New Zealand are witnessing an increase in the use of roofing chemicals in residential and commercial buildings in the construction industry. This growth is chiefly due to the high economic growth and growing population that is driving the demand for roofing chemicals for residential and commercial buildings. India is the fastest-growing market for roofing chemicals and this trend is expected to continue till 2026.

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The roofing chemicals market has many global players competing for market shares. These companies are actively investing in various strategies such as, new product developments, acquisitions, and expansion projects globally, to further increase their market shares. Major manufacturers such as BASF SE (Germany), The Dow Chemical Company (U.S), Saint-Gobain S.A. (France), 3M Company (U.S), Akzo Nobel N.V (The Netherlands), Sika AG (Switzerland), and others have adopted various organic and inorganic developmental strategies in the Asia-Pacific region to expand their businesses in the region.

The Dow Chemical Company (U.S) is the most active player in the roofing chemicals market. It accounted for the largest share of all the developmental activities undertaken in the roofing chemicals market. As a part of its strategy, the company focuses on expanding its roofing chemicals business by investing in new product development activities, mergers & acquisitions and expansions. In December 2015, The Dow Chemical Company (U.S.) and DuPont (U.S.) announced a merger with a definitive agreement under which the companies combined in an all-stock merger of equals. The combined company was named DowDuPont. In October 2014, Dow‘s Construction Chemicals, a subsidiary of The Dow Chemical Company, launched a new technology, which meets the growing demand for energy-efficient cool reflective roof coatings or cool roofs in the Middle East.