Zion Market Research Global Roofing Adhesives Market, 2016–2024 | Page 3

Roofing Adhesives Market
factors that fuel the global roofing adhesives market growth are rapid urbanization,
escalating population supported by increasing income levels and affordable interest rates.
However, unstable raw material prices and economic slowdown are some factors that
restraint the global market growth.
Global Roofing Adhesives Market by Segmentation: The global roofing adhesives
market is classified based on the application as residential and non-residential/commercial.
The residential segment is further sub-segmented into repairs & maintenance and new
construction. Further non-residential/commercial segment is sub-segmented into repairs &
maintenance and new construction. Based on technology, the global market is fragmented
as solvent borne and waterborne. The global roofing adhesives market is segmented based
on the resin type as acrylic, polyurethane, silicone, epoxy and others. Of these,
polyurethane roofing adhesive segment contributed for largest market share. Epoxy is the
second largest segment that is expanding rapidly. It is an artificial substance that converts
into solid when heated. It possesses some excellent properties such as chemical resistance,
adhesion other physical properties so that it can withstand adverse climatic conditions.
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Global Roofing Adhesives Market by Regional Analysis: North America accounted for
the largest market share owing to the high demand for roofing adhesives in this region.
Increasing residential and non-residential constructions coupled with increasing disposal
income of the population is expected to propel the global market growth. Increasing
urbanization and subsequent growth in the industrialization in the Asia Pacific region