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The Global Roofing Chemicals Market is witnessing a remarkable growth owing to an increase in the demands for the products and a tremendous shift in consumer preferences
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Roofing Chemicals Roofing Chemicals Market To Reach Market To Reach USD 167.27 Billion USD 167.27 Billion By 2027 By 2027
Rapid industrialization and the growing need for energy saving in residential and commercial establishments are the drivers for the growth of the market. Market Size – USD 95.52 Billion in 2019, Market Growth - CAGR of 7.7%, Market Trends – High demand for residential projects from APAC region. The global Roofing Chemicals market is forecast to reach USD 167.27 Billion by 2027, according to a new report by Reports and Data. The strong demand for effective waterproofing and highly elastic, weatherproof roofing solutions in recently constructed buildings as well as in the reconstruction of old buildings is expected to stimulate market growth over the forecast period. The increasing demand for acrylic roofing to reduce the internal temperature of poorly ventilated and uninsulated buildings, thereby eliminating the need to invest in air conditioning, should propel the market over the forecast period. Widespread applications of polyurethane membrane systems in old concrete, wood, felted asphalt, and substrates are expected to be a significant driver for this segment.
Market Market Summary Summary The growing number of R&D activities and mergers and acquisitions carried out by companies such as The Dow Chemical Company, GAF Materials Corporation, and Saint-Gobain, to increase their production capacities and their operational and manufacturing facilities in the sector roofing chemicals, is expected to propel the market over the next eight years. Growing infrastructure in emerging and developed countries like the United States, China, India, and Germany due to the significant growth of the global construction industry is expected to stimulate the market during the forecast period. Self-delays and low labor availability for residential construction due to social restrictions and lock-in policies will negatively impact demand patterns for the market. However, the easing of restrictions in specific regions and public discourse on the revival of economic activities in the market indicate that the recovery of demand is imminent. REQUEST FREE SAMPLE: https://www.reportsanddata.com/sample-enquiry-form/3181
Key market players include BASF SE, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Saint-Gobain S.A., Eastman Chemical Company, 3M, Owens Corning, Akzo Nobel N.V., GAF Materials Corporation, and Sika AG, among others. For the purpose of this report, Reports and Data have segmented into the global Roofing Chemicals market on the basis of Type, Application, End-Use Industry, and Region: Type Outlook (Revenue, USD Billion; 2017-2027) Epoxy Resin Bituminous Asbestos Elastomers Others Application Outlook (Revenue, USD Billion; 2017-2027) Metal Roofing Membrane Roofing Others
Further key findings from the report suggest End-Use Industry Outlook (Revenue, USD Billion; 2017-2027) Residential Commercial Others Region (Kilo Tons) (Revenue, USD Million; 2016-2027) North America US Europe France UK Asia Pacific China India Japan To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report- detail/roofing-chemicals-market
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