DALLAS, July 10, 2015 /PRNewswire/ --
The report "Roofing Chemicals Market by type (Acrylic Resin, Asphalt, Elastomer, Epoxy Resin and Styrene), by Application (Membrane, Elastomeric, Bituminous, Metal and Plastic Roofing Materials) and by Region - Global trends and forecast to 2020" defines and segments the Roofing Chemicals Market with an analysis and forecast of its market size, in terms of volume and value.
Browse 104 market data Tables and 62 Figures spread through 164 Pages and in-depth TOC on "Roofing Chemicals Market"
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This market intelligence report on "roofing chemicals" estimates its present market size by type, application, and region along with the forecast of the market size in terms of value and volume between 2015 and 2020.
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The primary raw materials for conventional roofing chemicals are:
- Crude oil
The market size for roofing chemicals, in terms of value, is projected to reach $99,067.65 million by 2020. The market size, in terms of value, is projected to register a CAGR of 7.11% between 2015 and 2020.
The roofing chemicals are the chemical formulations added in particular quantity to manufacture roofing materials and roofing systems to meet the functional, aesthetic, and design requirement of civil structures. These are widely used in the roofing of residential, industrial, commercial, and infrastructure projects. The benefits derived from the use of these chemicals include improved durability, strength, chemical resistance, color, reduction in water & cement requirement, enhanced working properties of roofing materials, resistance to withstand adverse climatic & working conditions as per design specifications/requirements, protection from natural factors, fire and heat and providing pleasant appearance without compromising the quality of the structure.
The market for roofing chemicals is projected to expand in Asia-Pacific due to the increased demand from end-use applications such as metal roofing, membrane roofing, and elastomer roofing. The market size of Asia-Pacific, in terms of value, is projected to increase at a CAGR of 9.7% between 2015 and 2020 in terms of value.
There are certain factors that are expected to restrain the roofing chemicals market growth in the future, such as:
- Cost competitiveness
- Increasing cost of conventional feedstock
The leading market players profiled in the report are AkzoNobel N.V (Europe), BASF SE (Europe), The Dow Chemical Company (U.S.), 3M Company (U.S), Owens Corning (U.S), Johns Manville (U.S), GAF Materials Corporation (U.S.), HB Fuller (U.S.), Kraton Performance Polymers (U.S), and Saint-Gobain (Europe).
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