Roofing Chemicals: Shaping the Future of Construction Industry

Roof coatings are seamless, sustainable roofing solutions that can prevent leaks on different roofing materials. Roof coatings also offer properties that allow them to stretch and return to original size and shape without any damage. Due to such properties they have a huge demand from the construction sector, which, in turn, also boosts the demand for roofing chemicals. Epoxy resin, acrylic resin, elastomer, styrene, and asphalt or bituminous are the major types of roofing chemicals or coatings.

Asphalt/Bituminous: The Largest Roofing Chemicals Type Segment

Asphalt was the largest type segment in 2016 and generated revenue of $ 30.41 billion accounting for 40 % of the overall share in the industry. The segment is predicted to retain its dominance even during the forecast period i.e., from 2017 to 2025. These roofing chemicals have an average lifespan of 20 to 50 years and are easy to install. These two factors are expected to be the key drivers for the segment growth. Many manufacturers are focusing on product innovation for introducing highly efficient and low-cost products; this is also predicted to augment the segment demand over the coming years.

The styrene type segment is estimated to witness a high growth rate during the next seven years due to rapidly expanding construction activities in the commercial, as well as residential, sector. These roofing chemicals are also used as waterproofing material in the vents of storage tanks. The elastomer segment is also anticipated to witness fast-paced development over the next few years. These chemicals are used on various roof types including single-ply, metal, wood, concrete, polyurethane, and others.

Market Insights

Based on the findings of a report by Grand View Research, Inc.; the global roofing chemicals market is expected to reach at USD 146.3 billion by 2025 with a CAGR of 7.7 % over the forecast years. Increasing demand for highly elastic, efficient waterproofing, and weather-resistant roofing solutions in new construction activities is expected to spur the global market development in future. Moreover, rising R&D activities for introducing cost-efficient roofing systems and various technological advancements are also likely to have a positive impact on the global market.

E.I. du Pont de Nemours and Company or DuPont; The Dow Chemicals Co.; GAF Materials Corp.; BASF SE; and Saint-Gobain S.A. are some of the key players in the global roofing chemicals market. Most of these players focus on product innovation and M&A activities as part of their business development strategies. For example, in the recent past, BASF SE acquired a European building material company Henkel AG and Co. KGaA for strengthening their portfolio of construction chemicals.

In-Depth Research Report On Automotive Appearance Chemicals Market:

https://www.grandviewresearch.com/industry-analysis/roofing-chemicals-market

Metal Foams – Composite Material of the Future

Metal foams are metals with cellular structures comprising gas pores. They are characterized by their high porosity, absorption, and impact resistance. Open and closed-cell foams are its two major types. Benefits associated with these metals have led to its inclusion as a vital component in industrial sectors such as aerospace, defense, manufacturing, and automotive.

Demand for composite materials driven by production of fuel-efficient cars in Europe and U.S.  coupled with stringent emission policies are expected to culminate in high production of aluminum-based metal foams. In addition, researchers in North Carolina University have written a white paper in 2017 outlining its efficacy against radiation.

Lightweight and Shock-Absorbent Nature

Major end-use segments of the metal foam market include aerospace, automotive, industrial, and construction.

The automotive segment is anticipated to be the largest segment from 2014 to 2025 due to rising use of metal foams in bumpers and anti-intrusion bars in automobiles. In addition, the low weight of metal foams assist in curtailing vehicle emission, thus ensuring constant demand till 2025. Closed-cell aluminum foams are being used in cars for their shock absorption capacity and have tested well in crash protection systems.

The aerospace segment is expected to exhibit a significant growth rate due to high demand for low-cost aircraft in developing economies. Presence of major aircraft manufacturers such as North America and Boeing and their need for lightweight materials can contribute to this segment’s demand. High demand for metal foams can be credited to their use in heat exchangers and energy absorbers. This can be exemplified by the use of Duocel foams by ERG Aerospace due to its high conductivity and porosity.

Market Outlook

The global metal foam market is anticipated to touch USD 117.7 million by 2025, as per a report by Grand View Research, Inc. The market demand is expected to reach 2.24 kilotons by 2025. Advantages of metal foams are projected to positively impact the market. Strict environmental norms regarding pollution in automobiles are expected to augur market demand from 2014 to 2025 (forecast period). Alliances with die makers to create customized metal foams are predicted to spur market volume over the forecast period. Key market players include Cymat Technologies, Aluinvent Zrt., ERG Aerospace Corporation, and American Elements.

In-Depth Research Report On Metal Foam Market:

https://www.grandviewresearch.com/industry-analysis/metal-foam-market