In a recent published report, Kenneth Research has updated the market report for Roofing Chemicals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Roofing Chemicals Market products.
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Global Roofing Chemicals Market Insights, Opportunity Analysis, Market Shares and Forecast 2020 – 2028
The roofing chemicals are widely used in the roofing of industrial, residential, commercial, and infrastructure projects. With the help of roofing chemicals, the durability, strength, and resistance of roof can be improved. Also, the chemicals maintain the color, reduce chemical and water usage and improve resistance for adverse climatic conditions. There is a high demand of metal roofing followed by elastomeric, membrane, plastic and bituminous, roofing. The chemicals such as acrylic resin, asphalt, elastomer, epoxy resin, and styrene are important chemicals.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The demand in developing countries is the key factor of high growth of roofing chemicals market. In any country economic development is also a key factor which creates high growth opportunity for roofing chemicals. The infrastructure includes industrial as well as urban growth of economy. One of the key drivers from application segment is metal roofing, further the market is driving globally due to increasing cost of conventional feedstock for chemicals. Roofing chemicals manufacturers in developed regions like North America and Europe follow strict government policies while developing chemicals.
The government policies in developing regions are strict as compared to the developed countries. The opportunities in developing countries are higher for this market. In developed regions like Europe, government has imposed many strict rules over the manufacturers which results in producing renewable chemicals. The raw materials used for roofing chemicals are naphtha, asphalt, crude oil etc. It expected that the metal roofing will lead the roofing chemicals market by application; followed by membrane roofing plastic roofing and bitumen roofing, in terms of value.
The key participants in the roofing chemicals market include Pidilite Industries Ltd, BASF, Bayer, Akzo Nobel, Dow Chemicals, Polygel Industries, Exxon Mobil Corporation, Du Pont, Mitsubishi Chemical Holdings Corporation, Bridgestone Corporation, Toray Industries, Evonik Industries, Eastman Chemical Company, Choksey Chemical, and Trinseo Europe GmbH.
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Companies profiled include
1. Pidilite Industries Ltd
4. Akzo Nobel
5. Dow Chemicals
6. Polygel Industries
7. Exxon Mobil Corporation
8. Du Pont
9. Mitsubishi Chemical Holdings Corporation
10. Bridgestone Corporation
11. Toray Industries
12. Evonik Industries
13. Eastman Chemical Company
14. Choksey Chemical
15. Trinseo Europe GmbH
16. Momentive Performance Materials Holdings
17. Kumho Petrochemicals
18. Polyone Corporation
19. ZEON Corporation
20. Solvay Chemicals
21. Estop Group
22. 3M Company
23. Owens Corning Corporation
24. Johns Manville Corporation
25. Gaf Materials
26. Hb Fuller Company
27. Kraton Performance Polymers Inc.
28. Saint-Gobain S.A.
30. Honbo plastic factory
This Research Report covers
1. Historical data
2.Revenue forecasts, growth rates and CAGR up to 2028
5. Key geographic growth data
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
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