The market size for roofing adhesives is estimated to grow from $4.17 billion to $5.78 billion.
The market size for roofing adhesives is estimated to grow from $4.17 billion to $5.78 billion, at a compound annual growth rate (CAGR) of 6.75% from 2016 to 2021, according to a recent report from Markets and Markets. The market will be driven by the rising demand of roofing adhesives in residential and non-residential/commercial constructions. The technology and resins used in roofing adhesives are eco-friendly, flexible and cost-effective, which will lead to more demand in end-use industries.
Roofing adhesives are used in residential and non-residential/commercial construction in building and construction applications. The overall market reportedly is dominated by the residential constructions. The growing number of residential and commercial buildings, coupled with increasing population in countries such as China and India, is expected to drive the market.