Market Size of Roofing Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Roofing Adhesives Market Analysis
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.
- Epoxy segment dominated the market and is expected to grow during the forecast period owing to the increasing demand from commercial segment across the globe.
- Increasing demand for bio-based roofing adhesives is likely to act as an opportunity in the near future.
- Asia-Pacific dominated the market across the globe with the largest consumption coming from countries such as China, India and ASEAN Countries.
Roofing Adhesives Industry Segmentation
The roofing adhesive market report includes:
Resin Type | |
Epoxy | |
Polyurethane | |
Acrylic | |
Others |
Technology | |
Water-borne | |
Solvent-borne | |
Others |
End-user Industry | |||||
Residential | |||||
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Geography | |||||||
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Roofing Adhesives Market Size Summary
The roofing adhesives market is poised for significant growth, driven by the expanding global construction industry and the shift from mechanical fastening systems to adhesive solutions. Despite the positive outlook, the market faces challenges due to increasingly stringent environmental regulations. The epoxy segment leads the market, fueled by rising demand from the commercial sector worldwide. The Asia-Pacific region holds a dominant position in the market, with countries like China, India, and ASEAN nations contributing significantly to consumption. This region's growth is supported by extensive construction activities, which are expected to bolster the demand for roofing adhesives, particularly epoxy-based products known for their strong bonding capabilities and environmental benefits.
Epoxy resin systems are favored for their versatility and performance, offering advantages such as high peel strength and non-corrosive properties, making them suitable for various applications, including industrial, commercial, and residential buildings. The market is characterized by a fragmented landscape with key players like Sika AG, Pidilite Industries Ltd, Bostik (Arkema Group), MAPEI S.p.A, and 3M holding marginal shares. The increasing interest in bio-based roofing adhesives presents new opportunities for market expansion. As countries like China and India continue to invest heavily in infrastructure, the demand for roofing adhesives is anticipated to rise, further propelling market growth during the forecast period.
Roofing Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Global Construction Industry
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1.1.2 Increasing Replacement of Mechanical Fastening Systems with Adhesives
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1.2 Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Epoxy
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2.1.2 Polyurethane
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2.1.3 Acrylic
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2.1.4 Others
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Solvent-borne
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2.2.3 Others
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Non-Residential
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2.3.2.1 Commercial
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2.3.2.2 Institutional/Industrial
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2.3.2.3 Infrastructure
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Roofing Adhesives Market Size FAQs
What is the current Roofing Adhesives Market size?
The Roofing Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Roofing Adhesives Market?
Sika AG, Pidilite Industries Limited , Arkema Group , 3M and MAPEI S.p.A are the major companies operating in the Roofing Adhesives Market.