USD 125.4 billion
Roofing Chemicals Market Size, Share, and Growth Analysis
Roofing Chemicals Market By Product Type (Bituminous, Styrene), By Application (Membrane Roofing, Elastomeric Roofing), By End-User Industry (Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2646 |
Region:
Global |
Published Date: February, 2025
Pages:
199
|Tables:
94
|Figures:
74
Format -
Roofing Chemicals Market Insights
Roofing Chemicals Market size was valued at USD 125.4 billion in 2023 and is poised to grow from USD 133.17 billion in 2024 to USD 215.49 billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
The rising demand for sustainable roofing systems to provide protection and durability to the roof is increasing the requirement for roofing chemicals, which is driving the market growth. Roofing chemicals improve building performance through enhanced reflectivity against natural elements while sustaining necessary interior temperatures.
Roofing chemicals function better when applied with adhesives alongside solvents like acetone and toluene which extend their longevity. Roof chemicals work with a range of substrates which include wood and metal along with gypsum board and various minerals. Bituminous roofing is the most popular kind of roofing chemical because bituminous or asphalt material acts as an organic liquid with natural water resistance properties. Modified bitumen roofing chemicals typically manufacture flexible membrane roofing.
The rising environmental worries due to the increasing use of cold roof installations is driving the market growth. The increasing requirement to reduce carbon footprints is also fueling market expansion even further. Demand for roofing systems will increase because R&D activities are intended to reduce installation costs. Innovations in building aesthetics together with improvements in roofing membrane materials and efficiency will continue to expand market growth.
The movement toward sustainable construction practices has spurred technological development in roofing chemicals. By producing chemicals with lower levels of volatile organic compounds (VOCs) and incorporating environmentally safe ingredients manufacturers aim to meet green building standards and regulations. The development of eco-friendly formulations responds to the expanding market need for green construction methods. The future will see smart technologies getting integrated into roofing chemicals. Smart roofing chemicals will enable real-time condition monitoring which provides predictive maintenance capabilities and improves both durability and reliability of roofing systems.
KPG Roofings declared in August 2024 that it would start producing ceramic roof tiles domestically in Gujarat while retaining its position as India’s top roof tile brand and major ceramic tile seller. Rajeel KP, the Director of KPG Roofings, shared that the company's new production initiative establishes the first domestic production of ceramic roof tiles which will help them satisfy rising demand for premium tiles while enhancing product availability and supporting the local economy.
GAF Materials Corporation based in New Jersey displayed their full product line and services for residential and commercial roofing at the International Roofing Expo (IRE) in March 2024. GAF is reinventing metallic roofing for modern customers who value cost-effectiveness with their new approach. The TimberSteel Premium Metal Roofing System provides strong durability and aesthetic appeal while offering extended life expectancy through its layered protection which works together to defend homes from environmental elements. The TimberSteel system will be available in select areas when Fall 2024 arrives.
Prithvi Gandhi who serves as Executive Vice President and Chief Financial Officer of Beacon Roofing Supply acquired 5,000 shares of the company's common stock for $411,450 in August 2024. Prithvi Gandhi completed the transaction and bought shares at $82.29 for each one. Beacon expanded its operations through acquisitions of Passaic Metal and Building Supplies Co. and SSR Roof Supply Ltd. which improved its service reach across New Jersey, New York and Vancouver, British Columbia. The acquisition of Passaic Metal and Building Supplies Co. and SSR Roof Supply Ltd. fits into Beacon's extensive growth strategy that resulted in nine acquisitions during 2024.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Asphalt
Fastest Growth
Styrene
Growth Rate
6.2% CAGR
Global Roofing Chemicals Market ($ Bn)
Country Share for North America Region (%)
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Roofing Chemicals Market Segments Analysis
Global Roofing Chemicals Market is segmented by Product Type, Application, End-User Industry and region. Based on Product Type, the market is segmented into Bituminous, Styrene, Epoxy Resin, Acrylic Resin, Elastomers and Other Products. Based on Application, the market is segmented into Membrane Roofing, Elastomeric Roofing, Bituminous Roofing, Metal Roofing and Plastic (PVC) Roofing. Based on End-User Industry, the market is segmented into Residential, Commercial and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material
Based on material, the asphalt segment is dominating with the largest roofing chemicals market share. The asphalt industry maintains a major market position because of its widespread application across multiple construction projects. Asphalt shingles stand out as preferred roofing materials because they conserve energy while providing high tensile strength and improved surface textures. Membrane roofing and elastomeric roofing are asphalt options that provide durable solutions for flat roof applications. Roofing solutions in this category demonstrate notable flexibility while providing excellent waterproofing qualities and simple maintenance procedures. Asphalt-based modified bitumen can be used in hot liquid and cold liquid forms which makes it highly adaptable for roofing solutions.
The styrene segment is expected to witness significant demand growth during the forecast period. Roofs along with storage tank vents employ styrene as a waterproofing solution. This material functions as an insulating layer which provides buildings protection against extreme weather conditions. The expanding construction developments within residential and commercial sectors will likely drive market growth for styrene. The main advantage of styrene products lies in their cost-effectiveness and adaptability. They also receive preference due to their outstanding stretchability and durability, which proves essential in regions with changing temperatures.
Analysis by Application
Based on application, the membrane segment is dominating with the largest roofing chemicals market share. Membrane roofing delivers multiple benefits in comparison to traditional roofing solutions through its outstanding waterproofing capabilities coupled with high durability that withstands extreme weather conditions. The membrane roofing segment is expanding because of multiple driving factors. The rising demand for energy-efficient roofing systems has resulted in the widespread adoption of cool roofs and green roofs for commercial and industrial buildings, leading to the growth of the segment. Membrane roofing systems work well for these applications because their reflective and insulating properties decrease energy usage and cooling expenses.
As per roofing chemicals market analysis, the bituminous segment is expected to be the fastest growing segment. The extensive application of bituminous roofing on low-slope roofs results from its superior performance capabilities. The bituminous waterproofing membranes feature a self-adhesive layer that simplifies their installation process. The growth of the segment in the market is driven by increasing investment in technological development of chemical processing solutions for thermal buildings. The need to safeguard roofs against natural elements like snow, hail, sleet, and rain through appropriate design and maintenance strategies will boost the roofing chemicals market. The establishment of new industrial and manufacturing plants in developing markets will likely increase the need for roofing chemicals in the non-residential sector.
Global Roofing Chemicals Market Analysis by Material
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Roofing Chemicals Market Regional Insights
North America is dominating with the largest roofing chemicals market share. The demand for roofing chemical is continuously increasing in the region because of because of extreme weather conditions along with energy-efficient building requirements. The chemicals are also necessary for maintenance and repair work on the current roofing systems, leading to its rising demand in the region. The United States is leading in the market because of its strong construction sector and implementation of roofing technologies. The market is expanding in the region results from widespread commercial and residential building development alongside stringent sustainability construction standards. The European Union states will experience increased construction activity because of expanding tourism, retail trade, and business turnover.
Asia Pacific is anticipated to witness the highest growth during the roofing chemicals market forecast period. The need for residential and commercial building development will drive infrastructural market growth within this region throughout the forecast period. The emerging economies of Asia Pacific such as China will experience the highest growth in construction spending with India and Indonesia also showing significant growth. Governments worldwide have promoted energy-efficient durable chemicals for building and construction sectors during recent years. The Chinese government is presently working to construct energy-efficient complexes from sustainable building materials. Small regional markets throughout India and Indonesia are projected to experience strong growth because of rising rural re-roofing needs that government programs support.
The Europe market for roofing chemicals expands due to aging infrastructure renovations and sustainable building methods along with strict building standards for energy efficiency and safety. The market growth within the European region benefits significantly from the contributions of Germany, the United Kingdom and France which specialize in advanced roofing technologies and sustainable materials.
The roofing chemicals market in Latin America is growing due to increasing construction activities and growing investments in residential and commercial infrastructure. The demand for roofing chemicals is expanding throughout this region to address the rising need for efficient and sustainable roofing solutions. Government initiatives and growing urbanization are also supporting the growth of the roofing chemicals market in Mexico.
The roofing chemicals market experiences substantial demand in both the Middle East and Africa. The region is projected to see a rise in demand because of growing interest in energy efficiency and waste reduction. The roofing chemicals market in this region sees significant contributions from countries like UAE, Saudi Arabia, Israel and South Africa. The expansion of the construction industry along with increased awareness of green roof advantages fuels market growth. The rising need for durable roofing materials capable of enduring harsh weather patterns will also help expand market growth in the region.
Global Roofing Chemicals Market By Geography
- Largest
- Fastest
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Roofing Chemicals Market Dynamics
Roofing Chemicals Market Drivers
Rapid Growth of Construction Industry
- The construction industry in developing nations such as China and India is experiencing fast-paced expansion. The construction sector expansion in developing countries becomes a leading factor in boosting roofing chemical demand because these areas need to support urban population growth and industrial expansion. As developmental growth accelerates modern construction practices require roofing chemicals because durable and efficient roofing materials are essential for this boom.
Growing Focus on Energy Efficiency
- Roofing chemicals play a fundamental role in increasing buildings' energy efficiency. Cool roofing chemicals work by deflecting sunlight and heat from structures which leads to less use of air conditioning systems and results in lower energy costs. The increasing worldwide focus on energy conservation makes these roofing solutions essential for achieving the regulatory requirements and sustainability targets established by governments and businesses around the globe.
Roofing Chemicals Market Restraints
Increasing Fluctuation in Raw Material Prices
- The roofing chemicals industry relies extensively on diverse raw materials like bitumen, resins, and polymers that experience substantial price fluctuations. Price changes in these raw materials significantly affect production expenses and alter manufacturers' profit margins. Businesses face additional challenges because rising fuel prices lead to higher logistics and transportation costs beyond raw materials expenses.
Increasing Competition from Alternate Materials
- Roofing chemicals face strong competition from alternative options like metal roofs and advanced solar roofing systems. Alternative roofing options do not need chemicals extensively yet provide durability and additional benefits which make them appealing choices for specific architectural uses. Chemical roofing manufacturers must continuously develop innovative strategies to differentiate their products and showcase their unique advantages and superior performance.
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Roofing Chemicals Market Competitive Landscape
Major companies in the roofing chemicals sector are making significant investments in research and development to broaden their product offerings and boost market growth. Industry participants are engaging in multiple strategic actions to extend their market presence through new product introductions and strategic partnerships as well as mergers and acquisitions and increased investments. The roofing chemicals industry needs to provide cost-effective products to expand its presence and survive in the competitive and growing market environment. Roofing chemicals industry manufacturers use local production to reduce operational expenses as a core strategic move to benefit clients and grow their market sector.
Top Player’s Company Profile
- BASF SE (Germany)
- Dow Inc. (USA)
- 3M Company (USA)
- Owens Corning (USA)
- Saint-Gobain S.A. (France)
- Akzo Nobel N.V. (Netherlands)
- Carlisle Companies Inc. (USA)
- Eastman Chemical Company (USA)
- GAF Materials Corporation (USA)
- Johns Manville (USA)
- Arkema S.A. (France)
- Asahi Kasei Corporation (Japan)
- Covestro AG (Germany)
- Huntsman Corporation (USA)
- RPM International Inc. (USA)
- Wacker Chemie AG (Germany)
- Firestone Building Products Company, LLC (USA)
- Kemper System America, Inc. (USA)
Recent Developments
- KPG Roofings opened its Hyderabad showroom in March 2023 as its 40th location across India. The company provides innovative roofing solutions to citizens throughout the nation. The new showroom will deliver superior products and outstanding service to its customers.
- Owens Corning completed its takeover of Natural Polymers, LLC in August 2022. Natural Polymers LLC produces spray polyurethane foam insulation which serves as the primary product for building construction projects from their headquarters in Cortland, Illinois.
- Carlisle Companies Incorporated became the new owner of MBT Technologies Inc. in February 2022. Through this acquisition CWT will expand its roofing underlayment capacity and its selection of modified bitumen roofing options.
Roofing Chemicals Key Market Trends
- Increasing Adoption of Sustainable Materials: Cool roofing systems are spreading throughout international markets because environmental consciousness continues to rise. Specialized chemicals used in these roofing systems reflect sunlight and heat from building surfaces which helps to decrease internal temperatures and reduces the need for cooling energy. Regions that experience extreme heat show strong adoption of cool roofing systems because government bodies and consumers are prioritizing energy conservation.
- Rapid Incorporation of Innovative Technologies: Significant advancements are occurring in the roofing chemicals market, especially in waterproofing technology development. Recent developments in roofing chemical formulations offer superior protection from moisture and leaks which play essential roles in maintaining longevity and durability of the roofing systems. The roofing industry is experiencing a trend-setting transformation through the integration of smart technologies. Roofing systems benefit from emerging applications as sensors can monitor moisture levels and detect leaks while regulating temperature to enhance system efficiency and functionality.
Roofing Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, roofing chemicals are commonly used to treat roof coatings and coverings because they enhance both performance and shelf life. Roofing chemicals play a critical role in keeping interior temperatures low. The market will expand because environmental concerns grow due to more worldwide use of cold roofs. A rising demand to decrease carbon emissions will speed up market expansion. Developments in research aimed at reducing installation costs for roofing systems will drive up product demand. Market growth will be driven by technological developments that improve building aesthetics and roofing membrane efficiency through advanced roofing chemicals. The development of cool roofing technologies has raised global awareness about roofing chemicals. Different properties including high reflectivity and insulation make roofing chemicals the preferred choice. Roofing chemicals serve a critical function in regulating building and house temperatures. The house requires less energy to cool its interiors which leads to lower electricity costs, leading to market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 125.4 billion |
| Market size value in 2032 | USD 215.49 billion |
| Growth Rate | 6.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Roofing Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Roofing Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Roofing Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Roofing Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Roofing Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Roofing Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Roofing Chemicals Market Report Snapshots
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