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Adhesives are a material holding two surfaces together in such a way that they never detach. Their primary features include wetting the surface, adhering to it by developing strength, and maintaining stability. In a similar manner, roofing adhesives bind together sheets of styrene-butadiene-styrene modified bitumen (SBS-mod-bit) or asphalt roll roofing. Roof adhesives can be used in both hot and cold forms and are available in a variety of sizes. They enable physical interlocking and chemical bonding between materials and exhibit high environmental resistance. Roofing adhesives are capable of maintaining their performance regardless of exposure to UV light, rain, heat, salt water, and other weathering conditions. Roofing adhesives are extensively used in building and construction applications. 

Roofing adhesives can be classified based on resin types into polyurethane, epoxy, silicone, and acrylic varieties. Of these, polyurethane roofing adhesive accounted for a prominent share in the overall market. However, the epoxy segment is also anticipated to expand rapidly during the forecast period. Epoxy consists of an artificial substance which turns solid when heated or post application of pressure. These resins exhibit an excellent combination of adhesion, chemical resistance, and other physical properties which help them withstand severe climatic conditions. Due to this, demand for epoxy resins is poised to rise considerably during the forecast period. Epoxy is also employed as ‘low-tech’ glue in various materials such as wood, concrete, and others, which adds to the demand for it in the building and construction sector, which is incidentally a major applications of roofing adhesives. Requirement for elastic bonding adhesives from this end-user to provide higher durability to roofing surfaces plays an important role in motivating the roofing adhesives market. However, volatility in raw material prices may hamper the overall growth of this product.

In terms of technology, the market is split into the solvent-borne and waterborne categories. The former are a mixture of ingredients dissolved in a solution, whereas the latter use water as a carrier or diluting medium, allowing it to evaporate or be absorbed by the surface. The main advantage of waterborne roofing adhesives is the lack of volatile organic compounds (VOCs) in them. They therefore dominated the market and this trend is projected to continue in terms of their share and growth rate during the estimated period. Their exceptional shear strength, glossy appearance, high flexibility and government environmental regulations are their primary propellants. 

North America held a major share in the roofing adhesives market; however, Asia Pacific is expected to grow at a speedy rate during the forecast period followed by Middle East & Africa. Increasing urbanization and subsequent demand for residential and non-residential construction activities along with industrialization are the main drivers of the roofing adhesives market in Asia Pacific. Emerging middle class population and rising disposable income levels especially in countries like India and China are also some of the factors expected to drive the market for roofing adhesives during forecast period in Asia Pacific. Middle East & Africa is also another lucrative market for roofing adhesives during forecast period owing to increase in construction activities especially in commercial segment like hospitals, hotels due to focus of government on hospitality and tourism industry.

There are many players operating in the roofing adhesives markets, some of the key players are The Dow Chemical Company, Henkel AG & Company, Derbigum Americans, Inc, Sika AG, Arkema, Royal Adhesives & Sealants and others. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Roofing Adhesives Market

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