I prodotti chimici applicati sui tetti per migliorarne le caratteristiche e la funzionalità sono denominati prodotti chimici per tetti. La maggior parte dei prodotti chimici per tetti è composta da gomma o bitume modificato, ampiamente utilizzati nel settore edile. Aumentano la resilienza intrinseca della superficie rendendo il tetto impermeabile e impermeabile. Elevata riflettività, maggiore tenuta del tetto e aiuto nella regolazione della temperatura interna dell'edificio sono tutte caratteristiche di questi composti. Possono resistere al fuoco, ai forti venti e ad altre situazioni. Il mercato sta beneficiando della disponibilità di soluzioni edilizie creative che sono robuste e richiedono poca manutenzione. La necessità di prodotti chimici per tetti aumenta inevitabilmente quando vengono avviati nuovi progetti edilizi. Si prevede che il settore sarà guidato dalla crescente necessità di ridurre le emissioni di carbonio nel periodo di previsione.
Le prestazioni e la durata di conservazione del rivestimento e della copertura del tetto sono spesso migliorate utilizzando prodotti chimici per tetti. Per mantenere l'interno della casa a una temperatura confortevole, queste sostanze sono essenziali. A livello globale, l'uso della tecnologia di copertura fredda ha aumentato la consapevolezza dei prodotti chimici per tetti. Per una serie di motivi, tra cui il loro eccellente isolamento e l'elevata riflettività, i prodotti chimici per tetti sono favoriti. Per la corretta gestione termica di case ed edifici, i prodotti chimici per tetti sono essenziali. Viene utilizzata meno energia per raffreddare l'interno della casa, il che riduce anche le spese energetiche.
The increased need for thermal management in buildings as a result of improving sustainable living standards and an expanding middle-class population is one of the major drivers behind the expansion of the global roofing chemicals market. By keeping the temperature low and reducing carbon emissions, the use of roofing chemicals on rooftops lowers energy usage. Reflective roof chemicals also provide UV protection for the roofing materials. Rooftop chemicals have the potential to increase roof longevity, cut cooling energy costs by 20% to 70%, and even lower air pollution. Since dark colors absorb more heat and look better, they were necessary for cool, non-white coatings. The need will be boosted by the expanding use of dark color coatings with unique pigments that reflect solar energy.
The availability and demand of raw materials used to make roofing chemicals are directly impacted by changes in crude oil prices. There has been an imbalance between the global supply and demand for oil as a result of some Organization of Petroleum Exporting Countries (OPEC) members producing too much oil. Additionally, the mounting tensions brought on by Russia's invasion on Ukraine have caused a dramatic increase in the price of crude oil. The Ukrainian government guaranteed that it is prepared to provide stable supply prices and that it is actively monitoring the world energy markets and any supply interruptions. During the forecast period, these changes in crude oil prices are anticipated to restrain the expansion of the worldwide.
One of the major market trends for roofing chemicals that is anticipated to have a favorable effect on the sector in the next years is the growing development of bio-based roofing chemicals. In order to substitute products made of petrochemicals, many customers throughout the world are seeking for greener, bio-based, or natural chemistries. The utilization of renewable resources including vegetable oils, plants and starch, and other bio-based resources is driven by the rising need to remove VOCs and other hazardous air pollutants (HAP) from coating formulations. Bio-based roofing materials may produce excellent performance, greater flash points, and reduced HAP emissions due to their high biodegradability, lower toxicity, and enhanced life cycle.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Kilotons) |
| Segmentation | By Type, By Application, By End Use Industry, By Region. |
| By Type |
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| By Application |
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| By End Use Industry |
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| By Region |
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The roofing chemicals market is expected to reach USD 77.12 billion by the end of 2023.
Increasing focus on digitalization and smart roofing systems is a key trend gaining popularity.
The global roofing chemicals market size was valued at USD 61.32 billion in 2020, and projected to reach USD 121.97 billion by 2029, with a CAGR of 7.94% from 2022 to 2029.
The global market is fragmented in nature with the presence of various key players such as BASF SE, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Saint-Gobain S.A., Eastman Chemical Company,3M Company, Akzo Nobel N.V, Sika AG, GAF Materials Corporation, Excel Coatings, Owens Corning, Carlisle Companies Inc.
The Asia Pacific dominated the global industry in 2021 and accounted for the maximum share of more than 45% of the overall revenue.
In 2021, asphalt/bituminous accounted for a sizeable portion of the roofing chemicals market by type, with a market share of over 43.51%. Over the course of the projection, it is anticipated to continue to be the market's largest sector. It is simple to install and has a lifespan of 20 to 50 years on average. These elements increase demand for chemicals used in asphaltic and bituminous roofing. For roofs with steep slopes or pitched roofs, asphalt is frequently employed. Over the projection period, styrene is expected to grow quickly. It serves as a waterproofing agent for roofs as well as storage tank vents. It serves as an insulating layer to shield structures from severe weather.
By application, bituminous roofing dominated the market in 2021 and is projected to reach a value of USD 58.61 billion by 2029. Due to its great performance, it is mostly utilized for low-slope roofs. Bituminous waterproofing membranes have a self-adhesive characteristic that creates a film of glue for easy application. Over the projected period, the market is anticipated to be driven by the increased expenditure in technical advancement related to processing chemical compounds for thermal buildings. Demand for roofing chemicals is also expected to increase due to growing concerns about protecting roofs from harsh weather conditions including snow, hail, sleet, and rain utilizing appropriate design, installation, and maintenance solutions.
The roofing chemical market may be segmented into residential, commercial, and other categories based on end-use industries. Demand for roofing chemicals is anticipated to increase as infrastructure operations like remodeling and reroofing increase, particularly from the commercial end-use segment. During the projected period, the residential sector is anticipated to have rising demand for roofing systems with enhanced performance.
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The global market is fragmented in nature with the presence of various key players such as BASF SE, The Dow Chemical Company, E. I. du Pont de Nemours and Company, Saint-Gobain S.A., Eastman Chemical Company,3M Company, Akzo Nobel N.V, Sika AG, GAF Materials Corporation, Excel Coatings, Owens Corning, Carlisle Companies Inc. along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.
Recent Development:May 2, 2023 - Sika has finished purchasing MBCC Group after receiving all the regulatory permits. Sika expands its reach across all geographies, broadens its offering of goods and services across the full building life cycle, and accelerates the sustainable transformation of the construction sector with this highly complementary purchase.
May 2, 2023 - A formal agreement had been reached under which DuPont would purchase Spectrum Plastics Group from AEA Investors. Existing cash balances will be used to cover the purchase price. Subject to regulatory clearances and other typical closing conditions, the deal is anticipated to conclude by the end of the third quarter of 2023.
The global market for roofing chemicals is believed to be dominated by the Asia-Pacific region with 45% market share. Due to the region's strong economic growth, increasing infrastructure construction activities, and population expansion in China and India, roofing chemicals have a lot of promise. Additionally, the market in North America should be stimulated by elements like the significant presence of important producers and the development of organic roofing materials. The industry should be boosted by Europe's tight regulatory framework for environmentally friendly roofing system components. The market for roofing chemicals is also being driven by the demand for high-performance roofing chemicals from the Middle East, Africa, and Latin America.
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