Roofing Adhesives Market Trend, Share, Growth, Size and Forecast 2030

The global roofing adhesives market size was worth around USD 5,780.47 Million in 2022 and is predicted to grow to around USD 9,909.99 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.97% between 2023 and 2030.

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Global Roofing Adhesives Market: Overview

Adhesives material holds two surfaces together in a way that they should never detach. They adhere two surfaces together by developing strength and maintain stability. Similarly, roofing adhesives bind two asphalt roll roofing or styrene-butadiene-styrene modified bitumen together. They come in both from cold and hot and are also available in various sizes. Roofing adhesives allow chemical bonding and physical interlocking between two materials and exhibit high environmental resistance. The performance is maintained regardless of the weather conditions, salt water, rain, heat, UV light and others hence are widely used in the building and construction applications.

Global Roofing Adhesives Market: Growth Factors

Demand for roofing adhesives is increasing worldwide, which is positively influencing the growth of the global roofing adhesives market. Increasing residential and commercial constructional activities boost the global market growth. The shift towards nuclear families and modern attitudes to homeownership in several countries anticipates propelling the global market growth. Some other factors that fuel the global roofing adhesives market growth are rapid urbanization, escalating population supported by increasing income levels and affordable interest rates. However, unstable raw material prices and economic slowdown are some factors that restraint the global market growth.

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Roofing Adhesives Market: Report Scope

Roofing Adhesives Opportunities

Excellent properties of roofing adhesives are driving demand.

Roofing adhesives' high-strength bonding, low-temperature flexibility, bleeding, staining, discolouration resistance, long-lasting sealing, and easy application are likely to drive market expansion. Safety and environmental guidelines for CFC, VOC, and HCFC emissions govern these adhesives. The strict emission requirements for roofing adhesives are projected to boost market growth in the future years.

Infrastructure growth and growing preferences for green and non-hazardous roofing adhesive materials will offer prospects for the roofing adhesive market to thrive in the future.

Global Roofing Adhesives Market: Segmentation

The global roofing adhesives market is classified based on the application as residential and non-residential/commercial. The residential segment is further sub-segmented into repairs & maintenance and new construction. Further non-residential/commercial segment is sub-segmented into repairs & maintenance and new construction.

Based on technology, the global market is fragmented as solvent borne and waterborne. The global roofing adhesives market is segmented based on the resin type as acrylic, polyurethane, silicone, epoxy and others. Of these, polyurethane roofing adhesive segment contributed for largest market share. Epoxy is the second-largest segment that is expanding rapidly. It is an artificial substance that converts into solid when heated. It possesses some excellent properties such as chemical resistance, adhesion other physical properties so that it can withstand adverse climatic conditions.

Global Roofing Adhesives Market: Regional Analysis

North America accounted for the largest market share owing to the high demand for roofing adhesives in this region. Increasing residential and non-residential constructions coupled with increasing disposal income of the population is expected to propel the global market growth. Increasing urbanization and subsequent growth in the industrialization in the Asia Pacific region anticipate witnessing growth in the future. Emerging middle-class population and the increasing purchasing power of the people in the developing region such as India and China have also contributed to the market growth. The Middle East & Africa shows a significant growth owing to the rise in demand for luxurious and well-developed infrastructure.

Global Roofing Adhesives Market: Competitive Players

The key market players in the global roofing adhesives market are

• Polyglass USA Inc(U.S.)
• MAPEI S.p.A. (Italy)
• Sika AG (Switzerland)
• Henkel AG & Co. KgaA (Germany)
• BASF SE (Germany)
• 3M (U.S.)
• Bostik (France)
• H.B. Fuller (U.S.)
• Arkema (France)
• Taylor (U.S.)
• Apollo Roofing Solutions (U.K.)
• GAF (U.S.)
• Karnak (U.S.)
• Chemlink (U.S.)
• Wacker Chemie AG (Germany)
• Pidilite Industries Ltd. (India)
• Johns Manville (U.S.)
• Liquid Nails (U.S.)
• IKO Industries Ltd. (Belgium)
• Finpan Inc. (U.S.)

Global Roofing Adhesives Market: Segment Analysis

By Type

• Polyurethane
• Epoxy
• Silicone
• Acrylic
• Others

By Technology

• Solvent borne
• Waterborne
• Others

By Application

• Building and Construction
• Residential
• Non-Residential/ Commercial

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.