Press release
Roofing Underlayment Market 2024-2033: Size, Share & Competitive Landscape Analysis
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..
Market Overview -
Roofing underlayment refers to a layer that lies between shingles and the roof sheath or roof deck. This is a waterproof or water-resistant material directly placed on a roof deck before any other roofing materials are placed. It acts as a secondary protective layer for the home.
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Construction Industry Growth Fuels Roofing Underlayment Market Expansion
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.
Competitive Landscape -
Major companies operating in the roofing underlayment market include 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.
Technological Advancements Drive Innovation In Roofing Underlayment Market
Technological advancements are a key trend gaining popularity in the roofing underlayment market. Major companies operating in the roofing underlayment sector are focused on technological innovations to meet consumer demand and strengthen their position. For instance, in November 2021, Boral Roofing, a US-based manufacturer of roofing products and construction materials, launched Sol-R-Skin Blue roofing underlayment, which had unique UV protection and glare coating features. It helps to protect the house from UV rays and improves energy-saving capabilities with the barrier aluminum surface that reflects heat and a fiberglass mat that further improves heat resistance. This also has features of waterproofing and insulation capabilities.
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Key Segments -
The roofing underlayment market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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