Roofing Adhesives Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Roofing Adhesives market, offering insights into market size, trends, and forecasts from 2023 to 2033. It aims to equip stakeholders with valuable data to make informed business decisions in this evolving sector.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.60 Billion |
| CAGR (2023-2033) | 4.8% |
| 2033 Market Size | $9.04 Billion |
| Top Companies | 3M, Henkel AG, Sika AG, BASF SE, GAF |
| Last Modified Date | 15 Nov 2024 |
Roofing Adhesives Market Report (2023 - 2033)
Roofing Adhesives Market Overview
What is the Market Size & CAGR of Roofing Adhesives market in 2023?
Roofing Adhesives Industry Analysis
Roofing Adhesives Market Segmentation and Scope
Request a custom research report for industry.
Roofing Adhesives Market Analysis Report by Region
Europe Roofing Adhesives Market Report:
The European roofing adhesives market is forecasted to grow significantly, rising from $1.43 billion in 2023 to $2.30 billion by 2033. The region’s stringent building codes and a shift towards eco-friendly construction materials significantly influence this growth.Asia Pacific Roofing Adhesives Market Report:
In the Asia Pacific region, the roofing adhesives market is estimated to reach $1.80 billion by 2033, growing from $1.12 billion in 2023. This growth is largely attributed to rapid urbanization, infrastructure development, and the rising popularity of modern roofing systems.North America Roofing Adhesives Market Report:
In North America, the roofing adhesives market is expected to expand from $1.87 billion in 2023 to $3.02 billion in 2033. The growth is mainly due to robust construction activities and heightened demand for sustainable building solutions.South America Roofing Adhesives Market Report:
South America's market is anticipated to grow from $0.49 billion in 2023 to $0.78 billion by 2033. The region’s growth is driven by increasing construction activities and a growing preference for advanced roofing adhesive technologies.Middle East & Africa Roofing Adhesives Market Report:
The Middle East and Africa market is projected to increase from $0.70 billion in 2023 to $1.12 billion by 2033, driven by ongoing infrastructure projects and an upsurge in demand for modern roofing technologies.Request a custom research report for industry.
Roofing Adhesives Market Analysis By Product Type
Global Roofing Adhesives Market, By Product Type Market Analysis (2023 - 2033)
The market analysis reveals that polyurethane adhesives dominate the roofing adhesives sector, comprising 64.87% of the market share in 2023. This segment is expected to grow from $3.63 billion in 2023 to $5.86 billion by 2033. Acrylic adhesives, holding a 21.68% market share, are projected to enhance their market presence, growing from $1.21 billion to $1.96 billion over the same period. Bitumen adhesives, which currently account for 13.45% of the market, will grow from $0.75 billion to $1.22 billion.
Roofing Adhesives Market Analysis By Application
Global Roofing Adhesives Market, By Application Market Analysis (2023 - 2033)
Commercial roofing applications comprise the largest segment, expected to grow from $3.63 billion in 2023 to $5.86 billion by 2033, maintaining a constant market share of 64.87%. Residential roofing, expected to grow from $1.21 billion to $1.96 billion, occupies 21.68% of the market. Meanwhile, industrial roofing will show growth from $0.75 billion to $1.22 billion, holding 13.45% of the total market.
Roofing Adhesives Market Analysis By Technological Innovation
Global Roofing Adhesives Market, By Technological Innovation Market Analysis (2023 - 2033)
The roofing adhesives market is witnessing a significant shift towards advanced bonding techniques and eco-friendly adhesives. The market for advanced bonding techniques is projected to grow from $4.97 billion in 2023 to $8.02 billion by 2033. Eco-friendly adhesives, although currently at a smaller market size of $0.63 billion, are also expected to witness substantial growth, reaching $1.02 billion as consumers increasingly favor sustainable products.
Roofing Adhesives Market Analysis By Distribution Channel
Global Roofing Adhesives Market, By Distribution Channel Market Analysis (2023 - 2033)
Online sales dominate the distribution of roofing adhesives, accounting for about 88.74% of the market share. This segment is expected to grow from $4.97 billion in 2023 to $8.02 billion by 2033. Offline sales are also projected to rise, from $0.63 billion in 2023 to $1.02 billion, though they represent a smaller portion at 11.26%.
Roofing Adhesives Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Roofing Adhesives Industry
3M:
3M is a global leader in adhesive technologies, offering a wide range of roofing adhesives that enhance durability and weather resistance while adhering to sustainability standards.Henkel AG:
Henkel AG is known for its high-performance adhesive solutions, including roofing adhesives that are suitable for a variety of applications and climates.Sika AG:
Sika AG specializes in construction and building materials, providing innovative roofing adhesive solutions that ensure longevity and energy efficiency.BASF SE:
BASF SE is a major player in the chemical industry, delivering advanced adhesives tailored for the construction sector, with a strong emphasis on eco-friendly products.GAF:
GAF is North America’s largest roofing manufacturer, producing a variety of roofing adhesives designed for optimal performance and safety.We're grateful to work with incredible clients.
