Roofing Adhesives Market - Forecasts imminent opportunities 2024
Adhesives
are a material holding two surfaces together in such a way that they
never detach. Their primary features include wetting the surface,
adhering to it by developing strength, and maintaining stability. In
a similar manner, roofing adhesives bind together sheets of
styrene-butadiene-styrene modified bitumen (SBS-mod-bit) or asphalt
roll roofing. Roof adhesives can be used in both hot and cold forms
and are available in a variety of sizes. They enable physical
interlocking and chemical bonding between materials and exhibit high
environmental resistance. Roofing adhesives are capable of
maintaining their performance regardless of exposure to UV light,
rain, heat, salt water, and other weathering conditions. Roofing
adhesives are extensively used in building and construction
applications.
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Roofing
adhesives can be classified based on resin types into polyurethane,
epoxy, silicone, and acrylic varieties. Of these, polyurethane
roofing adhesive accounted for a prominent share in the overall
market. However, the epoxy segment is also anticipated to expand
rapidly during the forecast period. Epoxy consists of an artificial
substance which turns solid when heated or post application of
pressure. These resins exhibit an excellent combination of adhesion,
chemical resistance, and other physical properties which help them
withstand severe climatic conditions.
Due
to this, demand for epoxy resins is poised to rise considerably
during the forecast period. Epoxy is also employed as ‘low-tech’
glue in various materials such as wood, concrete, and others, which
adds to the demand for it in the building and construction sector,
which is incidentally a major applications of roofing adhesives.
Requirement for elastic bonding adhesives from this end-user to
provide higher durability to roofing surfaces plays an important role
in motivating the roofing adhesives market. However, volatility in
raw material prices may hamper the overall growth of this product.
In
terms of technology, the market is split into the solvent-borne and
waterborne categories. The former are a mixture of ingredients
dissolved in a solution, whereas the latter use water as a carrier or
diluting medium, allowing it to evaporate or be absorbed by the
surface. The main advantage of waterborne roofing adhesives is the
lack of volatile organic compounds (VOCs) in them. They therefore
dominated the market and this trend is projected to continue in terms
of their share and growth rate during the estimated period. Their
exceptional shear strength, glossy appearance, high flexibility and
government environmental regulations are their primary propellants.
North
America held a major share in the roofing adhesives market; however,
Asia Pacific is expected to grow at a speedy rate during the forecast
period followed by Middle East & Africa. Increasing urbanization
and subsequent demand for residential and non-residential
construction activities along with industrialization are the main
drivers of the roofing adhesives market in Asia Pacific. Emerging
middle class population and rising disposable income levels
especially in countries like India and China are also some of the
factors expected to drive the market for roofing adhesives during
forecast period in Asia Pacific. Middle East & Africa is also
another lucrative market for roofing adhesives during forecast period
owing to increase in construction activities especially in commercial
segment like hospitals, hotels due to focus of government on
hospitality and tourism industry.
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There
are many players operating in the roofing adhesives markets, some of
the key players are The Dow Chemical Company, Henkel AG &
Company, Derbigum Americans, Inc, Sika AG, Arkema, Royal Adhesives &
Sealants and others.
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