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Roofing Chemicals Market

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Roofing Chemicals Market report categorizes global market by product type, and application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Roofing Chemicals Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018-2026
Roofing chemicals are generally utilized to improve the performance and shelf
life of roof coatings and coverings. These chemicals are vital to keep the
temperature low in the interiors of the house. Cool roofing technologies has
increased awareness regarding roofing chemicals across the globe. Roofing
chemicals are preferred for their various properties such as high reflectivity and
insulation. Roofing chemicals are vital for thermal management of buildings
and houses. The electricity costs are also reduced owing to lesser energy
requirements for cooling the interiors of the house.
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Regional Outlook of Roofing Chemicals Market
Currently, Asia Pacific is the leading market for roofing chemicals. Countries
such as China, India, Japan, Australia, and South Korea among others drive
roofing chemicals market in this region. China is the dominant player in this
market not only in Asia Pacific but also globally. The demand for roofing
chemicals in China is growing due to increasing construction activities as well
as the real estate boom in the country. This trend is expected to continue
throughout the forecast period. India is also a growing market for roofing
chemicals. China and India are expected to grow at the fastest rate owing to
increasing infrastructure and construction activities in these countries. In
Europe, roofing chemicals is in high demand owing to the inclination of the
region towards energy security, efficient housing and green buildings. Countries
such as Germany, the U.K., France, Italy, Norway, Spain, and Denmark among
others drive the roofing chemicals market in the region. North America has high
demand for roofing chemicals.
Market Driven By R&D
The global roofing chemicals market is driven by research and development and
new product development by leading companies. Companies are striving to
introduce new products in the market with qualities such as better solar
reflectance index, longer shelf life, high elasticity, reliable adhesion, and dirt
resistance among others. Some of the major companies operating in the global
roofing chemicals industry include BASF SE, The Dow Chemical Company,
Saint-Gobain S.A., 3M Company, Akzo Nobel N.V, and Sika AG among others.
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pallavi.reddy
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