ROOFING CHEMICALS MARKET ANALYSIS

Regional Analysis

Regional Outlook of Roofing Chemicals Market

Currently, Asia Pacific is the leading market for roofing chemicals. Countries such as China, India, Japan, Australia, and South Korea among others drive roofing chemicals market in this region. China is the dominant player in this market not only in Asia Pacific but also globally. The demand for roofing chemicals in China is growing due to increasing construction activities as well as the real estate boom in the country. This trend is expected to continue throughout the forecast period. India is also a growing market for roofing chemicals. China and India are expected to grow at the fastest rate owing to increasing infrastructure and construction activities in these countries. In Europe, roofing chemicals is in high demand owing to the inclination of the region towards energy security, efficient housing and green buildings. Countries such as Germany, the U.K., France, Italy, Norway, Spain, and Denmark among others drive the roofing chemicals market in the region. North America has high demand for roofing chemicals. The U.S. and Canada have set high standards for energy efficiency which has boosted the demand for roofing chemicals in this region. Middle East and Africa also have huge demand for roofing chemicals. The demand is expected to increase owing to increasing interest in energy efficiency and minimum wastage in this region. Countries such as UAE, Saudi Arabia, Israel, and South Africa among others drive the roofing chemicals market in this region. The share of Latin America in global market in roofing chemicals is expected to increase during the forecast period owing to increasing construction and housing projects in the region. Countries such as Brazil, Argentina, Peru and Chile are expected to drive the market in this region.