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Roofing Underlayment Market Share Estimation, Business Strategies, Top Trends, Opportunities And Forecast To 2033
Roofing Underlayment Market Share
The Business Research Company presents an extensive market research report on the Roofing Underlayment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The roofing underlayment market size has grown strongly in recent years. It will grow from $26.64 billion in 2023 to $28.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to residential and commercial construction, roofing material advancements, weatherproofing and moisture control, building codes and regulations, roof repair and maintenance, eco-friendly and sustainable underlayment materials..
The roofing underlayment market size is expected to see strong growth in the next few years. It will grow to $35.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to energy-efficient roofing systems, impact-resistant underlayment materials, smart roofing underlayment solutions, adoption of green and cool roofing, retrofitting and renovation projects, aging building infrastructure.. Major trends in the forecast period include self-adhesive and peel-and-stick underlayment, synthetic and high-performance underlayment materials, solar-integrated roofing underlayment, digital monitoring and remote diagnostics, underlayment with fire-resistant properties, drone-assisted roof inspections..
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Key Market Players:
DowDuPont, Atlas Roofing Industries Inc., Monier Roofing Pvt Ltd., Carlisle Companies Incorporated, CertainTeed Corporation, GAF Materials Corporation, Owens Corning, Johns Manville, Duro-Last Inc., MFM Building Products Corp., Polyglass USA Inc., TAMKO Building Products Inc., IKO Industries Ltd., VaproShield LLC, Braas Monier Building Group Services GmbH, Grace Construction Products, Soprema Group, Firestone Building Products, Garland Industries Inc., Siplast Inc., Sika AG, Sarnafil Inc., Boral Limited, Mule-Hide Products Co. Inc., Protecto Wrap Company, Rmax Operating LLC, Tarco Roofing Materials Inc., InterWrap Inc., Novia Ltd., Polyguard Products Inc. are prominent players in the industry.
Market Drivers:
The growth in the construction of both residential and non-residential buildings is expected to propel the growth of the roofing underlayment market going forward. Construction refers to the assembly and erectio*n of structures that provide shelter for residential or business purposes. Roofing underlayments are used in all residential and commercial buildings and act as a barrier between the framing materials and the top layer of shingles in the construction of roofs to help protect from water leaks. For instance, according to the American Institute of Architects, a US-based professional membership organization for architects, in 2022, non-residential building construction is expected to increase by 5.4% and is expected to reach 6.1% by 2023. Also, the U.S. Census Bureau, a US government agency, stated that monthly residential construction activities increased in 2022. Therefore, growth in the construction industry is driving the growth of the roofing underlayment market.
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https://www.thebusinessresearchcompany.com/report/roofing-underlayment-global-market-report
Market Segments Include:
1) By Product: Asphalt-Saturated Felt, Rubberized Asphalt, Non-Bitumen Synthetic
2) By Installation Method: Self-Adhesive, Mechanically Attached
3) By Barrier Property: Water-Resistant, Waterproof
4) By Application: Residential Construction, Commercial, Non-Residential Construction
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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