Selbyville, Delaware. The latest report on Roofing Underlayment market aims to help businesses, marketers, and other stakeholders grasp a better understanding of the growth drivers of this industry and capitalize on the opportunities with high profit potential. Moreover, it suggests solutions to overcome the present as well as upcoming challenges in this vertical. Besides, the study expounds the consumption and production aspects to gain insights on the performance of the market over the forecast period.
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By 2050, global population has been estimated to surpass 9 billion, as per the United Nations. Rising residential necessities of increasing population coupled with high rate of urbanization will present a robust growth indicator for roofing underlayment market. Residential re-roofing activities in Europe and North America will be another key driver for the roofing underlayments market in the coming years.
Global roofing underlayment industry will be primarily driven by significant infrastructure initiatives especially in APAC countries including India, Japan, China and Indonesia, by 2024. To address the growing infrastructural requirements of the rising population, substantial construction ventures have been undertaken by the governments in the recent years.
Roofing Underlayment Market will surpass USD 45 billion by 2024; according to a new research report
Roofing underlayment market is monitored by several environmental regulations laid by REACH and EPA regarding volatile organic compounds (VOC) discharges from producing asphalt-saturated felt and rubberized asphalt. This will further encourage the contractors towards usage of non-bitumen roofing underlayments, which might pose as an intra-industrial restrain in the coming years.
Non-bitumen synthetic roofing underlayment segment held highest market share in 2016 and accounted more than 40% industry share in 2016. Massive industry share is credited to unique features exhibited by synthetic underlayments such as light weight, resistance against tearing & leaking & fungal growth, ease of fixing and anti-skid finish. Majority of synthetic underlayments minimalize the occurrence of leaks by exhibiting self-healing properties. Their moisture-repellence and wrinkle-free performance will further encourage the usage of non-bitumen synthetic underlayments market. Asphalt-saturated felt and rubberized asphalt will lose some share to synthetics in the near future owing to regulations discouraging VOC emissions.
Significant roofing underlayment market players include: CertainTeed Corporation, Atlas Roofing Corporation, GAF Materials, Owens Corning, Tarco, Johns Manville, Gardner-Gibson, Duro-Last Roofing, Inc., Vaproshield, DuPont, etc. Extensive product development initiatives by the industry players will boost the roofing underlayment market .
Non-residential construction segment led the roofing underlayment market in 2016 and will show moderate growth by 2024. Non-residential construction will witness extensive demand for roofing underlying treatments by 2024 on account of escalating maintenance and refurbishing activities. However, residential construction segment is projected to be the fastest growing segment with CAGR close to 6.0%. The rise will be credited to increasing investment in residential construction sector particularly in Brazil, India and GCC.
Global Roofing Underlayment Market: Drivers and Restraints: This section of the Roofing Underlayment Market Analysis report we are covering various drivers and restraints that have affected the global Roofing Underlayment market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Roofing Underlayment market share, which consists of Roofing Underlayment industry environment, advancement market, product innovations, latest developments, and Roofing Underlayment market risks.
Geographically, Asia Pacific had the highest share in global roofing underlayment market in 2016. The region had surpassed USD 11 billion in the same year and will likely follow the same trend by 2024. MEA is expected to be the next fastest growing region in the industry with an estimated CAGR over 5.5%. GCC government investment in construction sector has been rising substantially, in order to strengthen the regional infrastructure with a vision towards upcoming events. For instance, FIFA World Cup 2022. These trends will stimulate the global roofing underlayment market.
Read Full Report at: Roofing Underlayment Market
Major Highlights from Table of contents are listed below for quick lookup into Roofing Underlayment Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2. Executive Summary
- Business trends of Roofing Underlayment Market
- Product trends
- Application trends
Chapter 3. Roofing Underlayment Industry Insights
- Roofing Underlayment Market Industry segmentation
- Industry landscape
- Analysis of Manufacturers in the Roofing Underlayment industry
- Distribution channel analysis
- End-use landscape
- Vendor matrix
- Roofing Underlayment Market Technology & innovation landscape
- Industry impact forces
- Roofing Underlayment Market Growth drivers
- Industry pitfalls & challenges
- Key trends by Segments
Chapter 4. Company Profiles
- Business Overview of Roofing Underlayment Market Companies
- Financial Data
- Product Landscape
- Strategic Outlook and Decisive Analysis of companies in Roofing Underlayment Market
- SWOT Analysis
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