Global Roofing Underlying Materials Market Expected to Witness a Sustainable Growth over 2023

A roofing underlying materials is the layer of waterproofing material that goes on your roof. It's laid under the shingles or roofing materials as the last line of defense against inclement weather. More commonly known as "felt paper," roof underlayment is mainly a roll of paper or fiberglass that is covered by asphalt and other waterproofing materials.

Asphalt is basically residue that's left over from the processing of crude oil. With the price of oil rising, many companies have developed refining techniques meant to extract the maximum amount of high quality from the crude. Included in these techniques is coker units which results in a residue of powder rather than the sludge that produces asphalt. With less asphalt being produced, an allocation system has been set up where there is a limited amount of asphalt allocated to manufacturers annually. Because of this, most manufacturers began phasing out asphalt-saturated underlayment for synthetic underlayment.

Rubberized or modified asphalt underlayment often comes with a selvedge edge along one side of each roll. That selvedge edge is designed to create a strong, watertight seal along the edges where rolls overlap. The selvedge edge should always be along the top edge when the underlayment is installed in courses across a roof.

Synthetic, or non-bitumen, underlayment encompasses all the other available materials made from a range of polymers. As such, these materials can have widely varying properties. Some synthetics are designed to resist heat much better than their asphalt based counterparts, for example. These would be good choices for a metal roof installation, where heat is a major issue, but not nearly as useful for asphalt shingle installations.

LPI (LP Information)' newest research report, the "Roofing Underlying Materials Industry Forecast" looks at past sales and reviews total world Roofing Underlying Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Roofing Underlying Materials sales for 2023 through 2029. With Roofing Underlying Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Roofing Underlying Materials industry.

This Insight Report provides a comprehensive analysis of the global Roofing Underlying Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Roofing Underlying Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Roofing Underlying Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Roofing Underlying Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Roofing Underlying Materials.

The global Roofing Underlying Materials market size is projected to grow from US$ 15750 million in 2022 to US$ 21080 million in 2029; it is expected to grow at a CAGR of 21080 from 2023 to 2029.

In the highly fragmented global roofing underlying materials market, the top five companies collectively held a meagre 20% of the overall market valuation. GAF, DuPont and Carlisle dominated the market, with accounted for 5%, 4.8%, 4% of the Roofing Underlying Materials market share, respectively.

The residential segment is currently the biggest contributor to the global market for roofing underlying materials. The residential segment accounted for a market share of almost 58% in the international market. In terms of product type, the segment of Modified Asphalt Roofing Underlying accounted for a share of over 49% in terms of revenue in the global market.
Asia-Pacific is the largest consumption region of roofing underlying materials, with a consumption market share nearly 50%. The second place is Americas; following Asia-Pacific with the consumption market share 25%. Europe's market share is slightly smaller than Americas.

This report presents a comprehensive overview, market shares, and growth opportunities of Roofing Underlying Materials market by product type, application, key manufacturers and key regions and countries.

Key Questions Addressed in this Report
What is the 10-year outlook for the global Roofing Underlying Materials market?
What factors are driving Roofing Underlying Materials market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Roofing Underlying Materials market opportunities vary by end market size?
How does Roofing Underlying Materials break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Request Sample Report and Full Report TOC:
https://www.lpinformationdata.com/reports/454721/roofing-underlying-materials-2029

Strategic Points Covered in TOC:
Chapter 1: Scope of Roofing Underlying Materials, Research Methodology, etc.
Chapter 2: Executive Summary, global Roofing Underlying Materials market size (sales and revenue) and CAGR, Roofing Underlying Materials market size by region, by type, by application, historical data from 2017 to 2023, and forecast to 2029.
Chapter 3: Roofing Underlying Materials sales, revenue, average price, global market share, and industry ranking by company, 2017-2023
Chapter 4: Global Roofing Underlying Materials sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Roofing Underlying Materials market size forecast by region, by country, by type, and application.
Chapter 13: the key raw materials and key suppliers, and industry chain of Roofing Underlying Materials.
Chapter 14: Research Findings and Conclusion

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