Roofing Underlayment Market is Forecasted to Reach US$ 8.9 billion in 2028, Says Stratview Research

The global Roofing Underlayment Market is projected to witness a growth rate of 3.4% annually from 2023 to 2028, with an anticipated size of US$ 8.9 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Roofing Underlayment Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2046/Roofing-Underlayment-Market.html#form

Report Highlights:
Market Size in 2028: US$ 8.9 billion
Growth (CAGR): 3.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Roofing Underlayment Market:
The global Roofing Underlayment Market is segmented based on material type, end-user type, construction type, installation type and region.

Based on Material Type- Among material types, asphalt holds a larger share of the global roof underlayment market; however, it continues to be poised to cede market share to synthetic. Among asphalt types, organic asphalt underlayment holds a larger market share in comparison to fiberglass asphalt underlayment. This is because organic asphalt contains 40% more asphalt than fiberglass, resulting in a thicker and more durable underlayment. However, it is worth noting that fiberglass underlayment is considered more environmentally friendly. Synthetic roof underlayment presents a cutting-edge substitute for traditional asphalt-based underlayment, delivering exceptional durability, moisture resistance, and performance capabilities. Its lightweight nature simplifies the installation process, and its eco-friendly composition adds to its appeal in the market.

Based on End-User Type- Based on the end-user type, the market is segmented into residential construction and commercial construction. Residential construction is anticipated to remain a frontrunner. Sloped roofs, commonly found in residential builds, demand underlayment solutions with specific features to ensure a seamless and effective installation process.

Based on Installation Type- Based on the installation type, the market is segmented into Self-adhesive, and Mechanically Fastened. Self-adhesive underlayment dominates the market, driven by superior moisture or water resistance and enhanced durability, making it a popular choice. Furthermore, ease of installation, increasing demand for waterproof underlayment, and lightweight construction are substantiating the segment's growth.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for roof underlayment over the forecast period. In addition to that, the region is also likely to witness the highest growth in the coming years. This growth outlook is majorly attributed to the following-
• Major factors, such as increasing construction activities owing to rapid urbanization and industrialization, promising growth in the economy, a shift of manufacturing industries from Western Economies to Asian economies, and mandates of building and energy codes, are driving the growth of the roof underlayment market in the region. China, India, South Korea, Japan, and India are the key economies playing a vital role in the region's market.

Roofing Underlayment Market Drivers:

Some of the key drivers listed in the report are given below.
• Roof underlayment demand is driven by various factors, including aging construction infrastructure, a surge in housing starts, a heightened focus on energy efficiency in buildings, and a growing need for roofing solutions that provide exceptional durability and longevity.
• Underlayment is becoming an essential roofing accessory product across the world. Roofing underlayment trends include a strong emphasis on moisture and ice barriers with advanced waterproofing capabilities, a focus on durability and longevity through materials that can withstand harsh weather conditions, an increasing demand for energy-efficient underlayment with insulation properties, a growing interest in sustainable options, and installation advancements for eco-friendly and efficient roofing solutions.

Top 10 Companies in the Roofing Underlayment Market:
Stratview Research has identified the following companies as the top market players:
• Owens Corning
• Saint-Gobain
• GAF
• DuPont
• Atlas Roofing
• Carlisle Companies, Inc.
• IKO Group
• Soprema SA

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Roofing Underlayment Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Liquid Applied Roofing Market: https://www.stratviewresearch.com/789/liquid-applied-roofing-market.html
• Waterproofing Market: https://www.stratviewresearch.com/3552/waterproofing-market.html

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