Market Size of Roofing Chemicals 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 Chemicals Market Analysis
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.