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The roofing insulation adhesives market size is forecast to increase by USD 691.7 million at a CAGR of 6.8% between 2023 and 2028. The market is witnessing significant growth due to the high demand from emerging economies, particularly in Asia-Pacific, as the construction industry expands in these regions. Another trend influencing market growth is the development of environment-friendly roofing products, as there is a growing concern for energy efficiency and reducing carbon footprints. However, the market is also facing challenges due to the volatility in raw material prices, particularly for petroleum-based adhesives, which can impact the profitability of manufacturers. Additionally, stringent regulations regarding the use of certain chemicals in roofing insulation adhesives are also posing challenges for market growth. Overall, the market is expected to continue its growth trajectory, driven by these trends and challenges, with a focus on innovation and sustainability.
Roofing insulation adhesives play a crucial role in ensuring durable sealing and high strength bonds between various roofing materials such as tiles and concrete, wood, metal, and rubber. These adhesives help prevent bleeding, staining, and discolouring, which are common issues with some roofing materials. The market for roofing insulation adhesives is driven by the growing infrastructure development and rising living standards, leading to an increase in the construction of gyms, swimming pools, and other commercial and residential buildings. Low temperature flexibility is a key feature of these adhesives, making them suitable for use in extreme weather conditions. Floor adhesives and panel setting applications also benefit from the use of roofing insulation adhesives, ensuring a strong and long-lasting bond. Epoxy resins are commonly used in the production of these adhesives due to their excellent bonding properties and low temperature flexibility. The market is expected to grow significantly due to the increasing demand for bio-based roofing adhesives, which offer environmental benefits and similar performance to traditional adhesives. Mechanical fastening systems are also being replaced with adhesives in various applications, further driving market growth.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The two-component roofing insulation adhesives segment is estimated to witness significant growth during the forecast period. Two-component roofing insulation adhesives have revolutionized the roofing industry since their introduction in the mid-1990s. These adhesives, which consist of part A and B components that are mixed during application, offer several advantages over one-component adhesives. Unlike one-component adhesives, which rely on ambient temperature and humidity for curing, two-component adhesives provide a predictable cure time.
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The two-component roofing insulation adhesives segment was the largest segment and was valued at USD 964.20 million in 2018. This feature is particularly beneficial in large-scale roofing projects, where time efficiency is crucial. Two-component roofing insulation adhesives are suitable for various roofing applications, including residential, sports, and non-residential roofing. They exhibit high strength bonds and low temperature flexibility, ensuring durable sealing even in extreme weather conditions. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Insulation adhesives play a crucial role in ensuring durable sealing and high strength bonds in various roofing applications, including residential, sports, and non-residential. These adhesives prevent bleeding, staining, and discolouring, which can negatively impact the aesthetics and performance of insulation systems. The roofing industry employs a range of adhesive types, such as polyurethane, epoxy, silicone, acrylic, and solvent borne or waterborne, each offering unique benefits. High-performance insulation adhesives are essential for infrastructure development, particularly in luxury homes, gyms, swimming pools, and other high-end construction projects. Hence, such factors are driving the market in North America during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
High demand from emerging economies is notably driving market growth. The market is anticipated to experience significant growth due to the increasing construction activities and demand for construction materials in emerging economies. Countries like India, China, Indonesia, Russia, and Brazil are expected to be the major contributors to this market's expansion.
The advantages of these regions, including abundant land, low labor costs, and fewer regulatory restrictions, have enticed several roofing adhesives manufacturers to establish their production centers there. The demand for roofing adhesives with superior VOC compliance and high peel strength is expected to increase in response to stringent environmental regulations and the need for energy efficiency in buildings. Thus, such factors are driving the growth of the market during the forecast period.
The development of environment-friendly roofing products is the key trend in the market. The market is experiencing significant growth due to the increasing preference for eco-friendly insulated roofing systems in developed and developing economies. In particular, green roofs, cool roofs, and other energy-saving roofing systems are gaining popularity, with many membranes being colored white to reduce heat absorption and increase reflection. This trend towards sustainable roofing solutions is driven by the need to reduce the environmental impact of buildings and mitigate the effects of industrial emissions.
Furthermore, the adoption of these systems contributes to maintaining a healthy atmospheric balance by reducing the concentration of toxic gases. Consequently, the demand for roofing insulation adhesives with low Volatile Organic Compounds (VOC) and high peel strength is expected to increase, propelling the growth of the market during the forecast period.
Volatility in raw material prices is the major challenge that affects the growth of the market. The market relies heavily on raw materials sourced from the oil and gas industry for the production of polyurethane and bitumen-based adhesives. Crude oil price fluctuations significantly impact the cost of these raw materials, thereby influencing the pricing of roofing insulation adhesives. Economic conditions play a pivotal role in determining market trends.
Moreover, a positive market outlook results in stable demand for adhesive products, including bitumen and polymer foam, leading to increased sales and growth opportunities in the building and construction industry. Volatility in economic activities can cause demand fluctuations, which may impact the market scenario. Key considerations for market participants include the impact of VOC regulations on product development and the importance of peel strength in ensuring effective roofing insulation. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co:The company offers Fastbond insulation adhesive 49 which is a fast drying adhesive that bonds a range fabrics and insulation materials to a range of substrates.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Roofing insulation adhesives play a crucial role in ensuring durable sealing and high strength bonds in various roofing applications. These adhesives are essential in insulation for residential, sports, and non-residential roofing projects. However, challenges such as bleeding, staining, and discolouring can affect the aesthetic appeal and performance of the roofing system. To address these issues, the market for roofing insulation adhesives is shifting towards low VOC emissions, eco-friendly processes, and biodegradable floor adhesives. The use of epoxy, polyurethane, silicone, acrylic, solvent borne, and waterborne adhesives in roofing insulation applications continues to evolve.
The demand for roofing insulation adhesives is driven by the growing infrastructure development and rising living standards. In the residential sector, these adhesives are used in luxury homes for panel and floor setting. In non-residential applications, gyms, swimming pools, and other commercial buildings use roofing insulation adhesives for their durability and flexibility at low temperatures. Raw materials, such as oil and polyurethane resins, significantly impact production costs. The use of bio-based roofing adhesives, Non hazardous roofing adhesive material and epoxy resins offers a sustainable alternative to traditional adhesives. Mechanical fastening systems are also gaining popularity as an alternative to adhesives for roofing insulation applications. In the building and construction industry, roofing insulation adhesives are used for various substrates, including concrete, wood, metal, and rubber. The market is expected to grow due to the increasing demand for energy-efficient and eco-friendly roofing solutions. Quick and easy application is essential in the roofing adhesive market dynamics, affecting both residential roofing and sports roofing. The market also caters to sporting and leisure rooms and is influenced by living standard trends. The demand for green roofing adhesive material and non-hazardous roofing adhesive material is increasing, driven by environmental concerns. Additionally, production cost remains a significant factor impacting the market.
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Market Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.8% |
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Market growth 2024-2028 |
USD 691.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.4 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, Germany, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., ALTENLOH, BRINCK and CO. US INC., Apollo Roofing Solutions Ltd., Arkema SA, BASF SE, Bridgestone Corp., Carlisle Companies Inc., Dove Technology Ltd., Dow Inc., DuPont de Nemours Inc., Firestone Building Products Co. LLC, GAF Materials LLC, H.B. Fuller Co., Henkel AG and Co. KGaA, Henry Co., Huntsman Corp., Johns Manville, OMG Inc., Paramelt Rmc BV, and Sika AG |
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Market dynamics |
Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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