Roofing Chemicals Market is Expected to Reach a Value of $99,067.65 Million by 2020

Browse 104 market data tables and 62 figures spread through 164 pages and in-depth TOC on “Roofing Chemicals Market - Global trends and forecast to 2020"

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The roofing chemicals market is estimated to witness a CAGR of 7.11% between 2015 and 2020, and is projected to generate a value of $99,067.65 Million by 2020. The report segments the roofing chemicals market by type, application, and region. It also focuses on the industry trends and market dynamics, such as drivers, restraints, and opportunities coming from various regions across the globe. The market size is projected on the basis of key regions, such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW), in terms of value and volume. The top players in the market have been identified and profiled.

“Asia-Pacific: The Biggest Market of Roofing Chemicals”

Asia-Pacific was the largest market globally for roofing chemicals in 2014, in terms of volume. China is the key consumer of roofing chemicals in Asia-Pacific. Growing urbanization, coupled with rising income level and the demand for high quality of homes is driving the demand for roofing chemicals in the region. Looking at the growth in infrastructural investments and constructional activities, manufacturers have shifted their manufacturing facilities to Asia-Pacific. Elastomer & styrene is the fastest-growing segment for roofing chemicals in Asia-Pacific. The leading manufacturers of roofing chemicals in this region are Saint-Gobain S.A (France), Johns Manville (U.S.), Owens Corning (U.S.), Firestone (U.S.), Carlisle Companies, Inc. (U.S.), and GAF Materials Corporation (U.S).

“Growth in roofing chemicals demand to come from North America”

The U.S. is the leading consumer of roofing chemicals globally. It accounted for a share of ~90% in North America in 2014. The demand for conventional roofing chemicals in the region is strong due to its high usage in the growing end-use applications. However, the North American region is also experiencing growth from structures that were built decades ago, which need maintenance or re-roofing. Growth is also expected to come from residential roofing along with high-end roofing systems such as cool roofs and asphalt shingles.

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