DUBLIN, Jun 14, 2021--(BUSINESS WIRE)--The "Roofing Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The roofing adhesives market is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are growing global construction industry and increasing replacement of mechanical fastening systems with adhesives. Increasing stringent environmental regulations are expected to hinder the growth of the market studied.
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 a variety of materials such wood, metal, rubber and others.
The application of epoxy resin-based roof adhesives offers various benefits. Some of the advantages offered are 100% tough bond, VOC free, non-corrosive, high peel strength, non-flammable, etc.,
Owing to such properties, epoxy roof adhesives are extensively used in the industrial areas, commercial, residential and public places, including shopping malls, institutions, hospitals, schools, industrial buildings, prisons, and sports halls.
Epoxy bonding agents have a pot life or setting time of 15-30 minutes at 25C, making it necessary to mix only the limited amount that can be properly used at the given period.
Hence, owing to the growing construction activities, especially in Asia-Pacific and Middle Eastern countries, 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 is increasing in the region.
The largest producers of roofing adhesives are located in Asia-Pacific region. Some of the leading companies in the production of roofing adhesives are Sika AG, Pidilite Industries Ltd, Bostik (Arkema Group), MAPEI S.p.A, and 3M.
The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new mega cities, over the next ten years, despite efforts to re-balance its economy to a more service-oriented form.
Nearly, 9% of India's GDP is spent on infrastructural services. The government of India has given an enormous momentum to the infrastructural sector, by allocating INR 5.97 lakh crore (~USD 92.22 billion), under the Union Budget 2018-2019.
Hence, with the growing construction activities, the demand for roofing adhesives is expected to increase rapidly during the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Global Construction Industry
4.1.2 Increasing Replacement of Mechanical Fastening Systems with Adhesives
4.3 Industry 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 Roof Adhesives
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/deccaa
View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005527/en/
Laura Wood, Senior Press Manager
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