$5.3 Billion Worldwide Roofing Adhesives Industry to 2027
DUBLIN, May 24, 2021 / PRNewswire / – The “Roofing Adhesives – Worldwide Market Path and Analysis” report has been added to From ResearchAndMarkets.com to offer.
In the midst of the COVID-19 crisis, the global roof adhesives market is estimated to be US $ 5.3 billion in the year 2020, is expected to reach a revised size of US $ 7.7 billion by 2027, growing at a CAGR of 5.6% over the 2020-2027 analysis period.
Polyurethane, one of the segments analyzed in the report, is expected to achieve a CAGR and reach of 6% US $ 2.9 billion at the end of the analysis period. Following an early analysis of the business implications of the pandemic and the accompanying economic crisis, growth in the epoxy segment will be revised to a revised CAGR of 6.3% for the next 7-year period.
The US market is estimated to be $ 1.4 billion, While China is expected to grow at 8.6% CAGR
The roofing adhesives market in the US is estimated to be US $ 1.4 billion in the year 2020. China, the world’s second largest economy, is expected to have an expected market size of US $ 1.6 billion by the year 2027 with a CAGR of 8.6% over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each projected to grow by 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is expected to grow at approximately 3.5% CAGR.
Silicone segment to include 5.1% CAGR
In the global silicone segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets account for a combined market size of US $ 708.4 million in the year 2020 will reach an expected size of US $ 976.4 million by the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. Guided by countries like Australia, India, and South Korea, into the market Asia Pacific is expected to achieve US $ 1 billion by the year 2027, while Latin America will expand at a CAGR of 6.2% during the analysis period.
Select participants (total 42 recommended):
- Bostik (Arkema Group)
- Derbigum Americans, Inc.
- Dow Chemical Company
- HB Fuller Company
- Henkel AG & Company
- Henry Company
- MAPEI SpA
- Pidilite Industries Ltd.
- Royal Adhesives & Sealants
- Sika AG
II. MANAGEMENT SUMMARY
1. OVERVIEW OF THE MARKET
- Market insights for influencer
- World market trajectories
- Impact of Covid-19 and a looming global recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- SOUTH KOREA
- REST OF ASIAN-PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- Total number of companies profiled: 42
For more information on this report, visit https://www.researchandmarkets.com/r/oqri20
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