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:

  • Product Type
    • Acrylic
    • Asphalt
    • Elastomer
    • Epoxy Resin
    • Styrene
    • Others
  • Application
    • Membrane
    • Bituminous
    • Elastomeric
    • Metal
    • Plastic

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.


Research Methodology

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:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

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.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

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:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

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.

Data Standardization

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:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

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.

Data Validation

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:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users