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Roofing Underlayment Market By Product to 2024 | Top Key Player are Atlas Roofing Corporation, DuPont, GAF Materials, Owens Corning, Tarco, Johns Manville, Gardner-Gibson, Duro-Last Roofing, Inc., Vaproshield

11-05-2018 06:43 AM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

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Roofing Underlayment Market, Global Roofing Underlayment Market Size, Roofing Underlayment Industry, Roofing Underlayment Market

Roofing Underlayment Market, Global Roofing Underlayment Market Size, Roofing Underlayment Industry, Roofing Underlayment Market

Market Study Report adds 2017-2024 Global Roofing Underlayment market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

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.

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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.

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.

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.

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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.

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.

Table of Content:

Chapter 1. Roofing Underlayment Market Methodology and Scope

Chapter 2. Roofing Underlayment Market Executive Summary

Chapter 3. Roofing Underlayment Industry Insights

Chapter 4. Roofing Underlayment Market, By Product

Chapter 5. Roofing Underlayment Market, By Application

Chapter 6. Roofing Underlayment Market, By Region

Chapter 7. Roofing Underlayment Market Company Profiles

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/roofing-underlayment-market/?utm_source=OPR-SP

Related Report:

United States Synthetic Roofing Underlayment Market Report 2018

In this report, the United States Synthetic Roofing Underlayment market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-synthetic-roofing-underlayment-market-report-2018?utm_source=RR-SP

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