Roofing Chemicals MarketSize and Trends

Market Overview

Roofing chemicals are generally utilized to improve the performance and shelf life of roof coatings and coverings. These chemicals are vital to keep the temperature low in the interiors of the house. Cool roofing technologies has increased awareness regarding roofing chemicals across the globe. Roofing chemicals are preferred for their various properties such as high reflectivity and insulation. Roofing chemicals are vital for thermal management of buildings and houses. The electricity costs are also reduced owing to lesser energy requirements for cooling the interiors of the house.

Prevalent Scenario in Roofing Chemicals Market

Increasing construction activities have boosted the demand for roofing chemicals across the globe. Asphalt roofing material is widely used for buildings. It is the most-widely used type of roofing chemical. Asphalt provides the best performance in terms of roofing material. Factors such as wide choices in top-surfacing, insulation, reduced deformation, reduced flushing, better texture and durability have further boosted the demand for asphalt roofing chemicals. Other factors such as lower cost, lower crack formation, and flexibility also drive the demand for asphalt. Asphalt roofing also form part of fire, wind and hail resistant roof systems. In terms of application segment, bituminous roofs are in high demand owing to their rigidness and long life. Bituminous roofs are very durable and generally have extended shelf life. They can be used with conventional shingles, which makes them suitable for quick installation.

Market Driven By R&D

The global roofing chemicals market is driven by research and development and new product development by leading companies. Companies are striving to introduce new products in the market with qualities such as better solar reflectance index, longer shelf life, high elasticity, reliable adhesion, and dirt resistance among others. Some of the major companies operating in the global roofing chemicals industry include BASF SE, The Dow Chemical Company, Saint-Gobain S.A., 3M Company, Akzo Nobel N.V, and Sika AG among others.