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Roofing Underlayment Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Roofing Underlayment Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Roofing Underlayment Market Report Structure
3. Roofing Underlayment Market Trends And Strategies
4. Roofing Underlayment Market - Macro Economic Scenario
5. Roofing Underlayment Market Size And Growth
…..
27. Roofing Underlayment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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