Roofing Chemicals Market Overview
Roofing chemicals are generally utilized to improve the performance and shelf life of roof coatings and coverings. These chemicals are vital to keep the temperature low in the interiors of the house. Cool roofing technologies has increased awareness regarding roofing chemicals across the globe. Roofing chemicals are preferred for their various properties such as high reflectivity and insulation. Roofing chemicals are vital for thermal management of buildings and houses. The electricity costs are also reduced owing to lesser energy requirements for cooling the interiors of the house.
Global Roofing Chemicals Market Taxonomy
The global roofing chemicals market is classified on the basis of the following segments:
Prevalent Scenario in Roofing Chemicals Market
Increasing construction activities have boosted the demand for roofing chemicals across the globe. Asphalt roofing material is widely used for buildings. It is the most-widely used type of roofing chemical. Asphalt provides the best performance in terms of roofing material. Factors such as wide choices in top-surfacing, insulation, reduced deformation, reduced flushing, better texture and durability have further boosted the demand for asphalt roofing chemicals. Other factors such as lower cost, lower crack formation, and flexibility also drive the demand for asphalt. Asphalt roofing also form part of fire, wind and hail resistant roof systems. In terms of application segment, bituminous roofs are in high demand owing to their rigidness and long life. Bituminous roofs are very durable and generally have extended shelf life. They can be used with conventional shingles, which makes them suitable for quick installation.
Regional Outlook of Roofing Chemicals Market
Currently, Asia Pacific is the leading market for roofing chemicals. Countries such as China, India, Japan, Australia, and South Korea among others drive roofing chemicals market in this region. China is the dominant player in this market not only in Asia Pacific but also globally. The demand for roofing chemicals in China is growing due to increasing construction activities as well as the real estate boom in the country. This trend is expected to continue throughout the forecast period. India is also a growing market for roofing chemicals. China and India are expected to grow at the fastest rate owing to increasing infrastructure and construction activities in these countries. In Europe, roofing chemicals is in high demand owing to the inclination of the region towards energy security, efficient housing and green buildings. Countries such as Germany, the U.K., France, Italy, Norway, Spain, and Denmark among others drive the roofing chemicals market in the region. North America has high demand for roofing chemicals. The U.S. and Canada have set high standards for energy efficiency which has boosted the demand for roofing chemicals in this region. Middle East and Africa also have huge demand for roofing chemicals. The demand is expected to increase owing to increasing interest in energy efficiency and minimum wastage in this region. Countries such as UAE, Saudi Arabia, Israel, and South Africa among others drive the roofing chemicals market in this region. The share of Latin America in global market in roofing chemicals is expected to increase during the forecast period owing to increasing construction and housing projects in the region. Countries such as Brazil, Argentina, Peru and Chile are expected to drive the market in this region.
Market Driven By R&D
The global roofing chemicals market is driven by research and development and new product development by leading companies. Companies are striving to introduce new products in the market with qualities such as better solar reflectance index, longer shelf life, high elasticity, reliable adhesion, and dirt resistance among others. Some of the major companies operating in the global roofing chemicals industry include BASF SE, The Dow Chemical Company, Saint-Gobain S.A., 3M Company, Akzo Nobel N.V, and Sika AG among others.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized firstname.lastname@example.org
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.