Market Size of Roofing Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Roofing Adhesives Market Analysis
The roofing adhesives market is expected to grow at a CAGR of over 4% during the forecast period. Major factors driving the market studied are growing global construction industry and increasing replacement of mechanical fastening systems with adhesives. Increasing stringent environmental regulations are expected to hinder the growth of the market studied.
- Epoxy segment dominated the market and is expected to grow during the forecast period owing to the increasing demand from commercial segment across the globe.
- Increasing demand for bio-based roofing adhesives is likely to act as an opportunity in the near future.
- Asia-Pacific dominated the market across the globe with the largest consumption coming from countries such as China, India and ASEAN Countries.