Roofing Adhesives Market to Grow 6%
Escalating demand for residential construction coupled with the single housing trend is propelling the growth of roofing adhesives in various geographies.
The global roofing adhesives market is estimated to grow at a compound annual growth rate (CAGR) of 6.53% during the forecast period of 2017-2021, and is projected to reach $5.44 billion by 2021, according to a report from IndustryARC. The prevailing environmental concerns of solvent-based systems are reportedly propelling a switch from solvent- to water-based adhesives. Solvent-based adhesives are less susceptible to environmental conditions such as temperature and humidity during the curing phase. Escalating demand for residential construction coupled with the single housing trend is propelling the growth of roofing adhesives in various geographies.
The market of roofing adhesives has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2016, APAC was the prominent region for roofing adhesives market and is estimated to grow with CAGR of 5.23% during the forecast period. The growth in APAC is attributed to the increasing constructional activities. However, considerable roofing adhesives demand in Americas along with European countries is likely to boost the overall market.
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