Roofing Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented by Product (Bituminous, Styrene, Epoxy Resin, Acrylic Resin, Elastomers, and Other Products), End-user Industry (Residential, Commercial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa)

Market Snapshot

Roofing Chemicals - Market Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for roofing chemicals is expected to register a CAGR of over 4% during the forecast period. The major factor driving the market is the increasing demand for roofing chemicals from the residential sector for better roof finishing.

  • Growing demand from the residential construction industry for better roof finishing, energy efficiency and shrinkage in carbon footprint is forecasted to boost the market during the forecast period.
  • Innovations regarding bio-based roofing chemicals have offered various opportunities for the growth of the market and are projected to further bolster the growth of roofing chemicals market in the future.
  • Asia-Pacific region is estimated to dominate the roofing chemicals market and is also forecasted to be the fastest-growing region over the forecast period.

Scope of the Report

The roofing chemicals market report includes:

Acrylic Resin
Epoxy Resin
Other Products
End-user Industry
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Demand From the Residential Sector

  • The rise in the global building and construction industry has surged the demand for high quality and more efficient roofing chemicals.
  • Advantage of roofing chemicals over traditional and other roofing methods is that it reflects more sunlight and absorbs less heat which helps in maintaining the internal building temperature. It also improves the durability of the surface and increases the lifetime of the roof.
  • Roofing chemicals has helped in limiting the carbon footprint by keeping the buildings cool and decreasing the usage of the HVAC system thus reducing the power consumption.
  • By 2020, the total construction activities spending worldwide is projected to be USD 11.9 trillion and it is predicted to cross more than USD 14 trillion by the end of 2024.
  • Total construction expenditure accounts for 13% of the world’s GDP and high expenditure in the coming years in the construction sector is anticipated to fuel the growth of the roofing chemicals market.
Roofing Chemicals Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region holds the largest market share for the roofing chemicals market because of the high construction activities in the region.
  • The Asia-Pacific region accounts for about 46% of the global construction spending. China holds the top spot for the highest spending in the construction industry globally.
  • It was estimated that the market value of China’s construction industry in 2019 would amount to USD 969.06 billion.
  • India’s real estate industry is projected to reach a value of USD 180 billion by the end of 2020.
  • The aforementioned factors are contributing to the increasing demand for roofing chemicals in the region during the forecast period.
Roofing Chemicals Market Regional Trends

Competitive Landscape

The roofing chemicals market is partially fragmented. Some of the players operating in the market include BASF SE, Dow, Saint-Gobain S.A, 3M, and Owens Corning. 

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rapidly Growing Demand From the Residential Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Bituminous

      2. 5.1.2 Acrylic Resin

      3. 5.1.3 Epoxy Resin

      4. 5.1.4 Styrene

      5. 5.1.5 Elastomers

      6. 5.1.6 Other Products

    2. 5.2 End-user Industry

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel NV

      3. 6.4.3 BASF SE

      4. 6.4.4 Carlisle Companies Inc.

      5. 6.4.5 Dow

      6. 6.4.6 Eastman Chemical Company

      7. 6.4.7 GAF

      8. 6.4.8 Johns Manville

      9. 6.4.9 Owens Corning

      10. 6.4.10 Saint-Gobain SA

      11. 6.4.11 Sika AG

    5. *List Not Exhaustive

    1. 7.1 Development of Bio-based Roofing Chemicals

    2. 7.2 Other Opportunities

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Roofing Chemicals Market market is studied from 2016 - 2026.

The Roofing Chemicals Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

BASF SE , Dow, 3M , Owens Corning , Saint-Gobain S.A are the major companies operating in Roofing Chemicals Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!