Roofing Chemicals Market By Roofing Application (Membrane, Elastomeric, Bituminous, Metal, Plastic), By Region, And Segment Forecasts, 2014 - 2025

The growing demand for white elastomeric acrylic roof coatings to reduce the internal temperature of poorly ventilated and uninsulated buildings, thereby eliminating the need to investing air conditioning, is projected to propel the market over the forecast period. The wide applications of polyurethane membrane systems in old concrete, timber, built-up felt asphalt, and substrates is expected to be a major driving factor for this segment.

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The rising number of R&D activities andmergers & acquisitions carried out by companies, such as The Dow Chemical Company, BraasMonier, GAF Materials Corporation, and Saint-Gobain,to expand their production capacities and operational & manufacturing facilities in the roofing chemicals business is projected to propel the market over the next eight years.

The growing infrastructure in developing and developed economies such as the U.S., China, India, and Germany owing to the significant growth in the global construction industry is projected to drive the market over the forecast period.

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Further key findings from the report suggest:

• The global demand for roofing chemicals was valued at USD 75.5 billion in 2016 and is expected to record a CAGR of 7.7% over the forecast period

• Asphalt emerged as the largest segment of the market by type and generated revenue of USD 30.41 billion in 2016

• The growing number of manufacturers and suppliers of asphalt, elastomers, acrylic resins, epoxy resins, and styrene is anticipated to spur market growth over the forecast period.

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