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Wednesday, February 6, 2019
Epoxy Resin is the Fastest-Growing Segment of the Overall Roofing Adhesives Market
The report "Roofing Adhesives Market by Resin Type (PU, Epoxy, Silicone, Acrylic), Technology (Solvent Borne, and Waterborne), Application (Building & Construction) - Global Forecast to 2026", The roofing adhesives market size is estimated to grow from USD 4.17 Billion in 2016 to USD 5.78 Billion by 2021, at a CAGR of 6.75% from 2016 to 2021.
The value chain of the roofing adhesives market starts with the sourcing of basic raw materials. The basic raw materials used in the manufacturing of roofing adhesives are PU, epoxy, silicone, acrylic, and others. These raw materials are used by different roofing adhesives manufacturers, such as The 3M Company (U.S.), The Dow Chemical Company (U.S.), Henkel AG & Company (Germany), Sika AG (Switzerland), Arkema (France), and GAF Materials Corporation (U.S.).
Demand for roofing adhesives are used in residential and non-residential/commercial constructions
Roofing adhesives are used in residential and non-residential/commercial construction in building & construction application. The overall market is dominated by the residential constructions. Growing number of residential and commercial buildings coupled with increasing population in various countries, such as China and India are expected to drive the market.
Epoxy resin is the fastest-growing segment of the overall roofing adhesives market
Epoxy resin is the fastest-growing segment, on the basis of resin type, of the roofing adhesives market, globally. Epoxy resins offer a unique combination of adhesion, chemical resistance, and other physical properties that provide outstanding protection against severe corrosive environments. Strong demand for performance epoxy resins and reactive liquid polymers, typically used in applications such as industrial maintenance, automotive and aerospace and concrete coatings, has been witnessed across the globe.
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