Roofing Adhesives Market Set to Reach USD 10.7 Billion by 2032, With a Sustainable CAGR Of 6.10%

The global roofing adhesive market is accounted to register a CAGR of 6.10% during the forecast period and is estimated to reach USD 10.7 Billion by 2032.

Roofing adhesives can be used for a wide variety of roofing tasks, such as gluing tiles and installing insulation. The high strength bonding, low temperature flexibility, long-lasting sealing, quick and simple application, and prevention of bleeding, staining, and discoloration should all be features of these adhesives. Although few multi-purpose solutions may be utilized effectively with the various materials, including residential roofing, sports roofing, and non-residential roofing, different types of floor adhesives are used for different types of roofing.

As a means of eradicating the negative environmental consequences of chemical manufacturing and focusing on lowering volatile organic compound (VOC) emissions, roofing adhesive manufacturing companies are progressively using green and sustainable practices. For instance, when exposed to high moisture content or heat, construction materials produce significant levels of VOC. These adhesive materials help the products have a lower carbon impact. Additionally, biodegradable roofing adhesives are meant to be broken down by bacteria and other microbes. During the deteriorating process, water, carbon dioxide, and other natural gases that are controlled by the environment are created. The demand for ecologically friendly practices and biodegradable roofing adhesives is expected to increase, which will accelerate the market growth for roofing adhesives.

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Segment Analysis

The global roofing adhesive market has been segmented based type, application and technology.

On the basis of type, the market is segmented into polyurethane, epoxy, silicone, acrylic, and others. The epoxy segment was attributed to holding the largest market share in 2022.

Based on application, the global roofing adhesive market has been segmented into residential, and non-residential. The residential segment was expected to hold the largest market share in 2022.

Based on technology, the global roofing adhesive market has been segmented into solvent borne, waterborne, and others. The waterborne segment was expected to hold the largest market share in 2022.

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Regional Analysis

The global roofing adhesive market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe roofing adhesive market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The roofing adhesive market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World roofing adhesive market comprises of Middle East, Africa, and Latin America.

the Asia-Pacific region held the majority of the market, with a 45.80% share. The region’s growing demand for floor adhesives is a result of the expansion of the building industry in countries like China, India, and the ASEAN countries.

Moreover, Europe held the third largest share of the market in 2022. Because of the increase in construction activities, particularly in the commercial sector, which includes hospitals and hotels, as well as the government’s focus on the hospitality and tourism industry, Europe is also predicted to be a profitable market for roofing adhesives over the projection period.

Additionally, the second-largest market share belonged to North America. The expansion of residential and non-residential constructions as well as the population’s increased disposable income should contribute to the expansion of the global market.

Furthermore, the rest of the world’s roofing adhesive market is divided into the Middle East, Africa, and Latin America. The roofing adhesives market in LATAM and MEA is expected to experience significant growth in the coming years, driven by increasing construction activities, rising demand for energy-efficient and sustainable roofing solutions, and growing investments in infrastructure.

Key Findings of the Study

• The global roofing adhesive market is expected to reach USD 10.7 Billion by 2032, at a CAGR of 6.10% during the forecast period.
• The Asia-Pacific region accounted for the largest region in the global market due to the growing demand for floor adhesives is a result of the expansion of the building industry in countries like China, India, and the ASEAN countries
• Based on type, the epoxy segment was attributed to holding the largest market in 2022, with an approximate market share of 46.54%.
• Polyglass USA, Inc, MAPEI S.p.A., Sika AG, Henkel AG & Co. KgaA, BASF SE, 3M, Bostik, H.B. Fuller, Arkema, Taylor, Apollo Roofing Solutions, GAF, Karnak, Chemlink, Wacker Chemie AG, Pidilite Industries Ltd., Johns Manville, Liquid Nails, IKO Industries Ltd., Finpan, Inc.

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Key Players

MRFR recognizes the following companies as the key players in the global roofing adhesive market— Polyglass USA, Inc, MAPEI S.p.A., Sika AG, Henkel AG & Co. KgaA, BASF SE, 3M, Bostik, H.B. Fuller, Arkema, Taylor, Apollo Roofing Solutions, GAF, Karnak, Chemlink, Wacker Chemie AG, Pidilite Industries Ltd., Johns Manville, Liquid Nails, IKO Industries Ltd., Finpan, Inc.

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