openPR Logo
Press release

Roofing Underlying Materials Market Analysis by Segments, Size, Trends, Growth and Forecast 2024

Roofing Underlying Materials Market Analysis by Segments,

Roofing Underlying Materials Market: Snapshot

Following a rough growth patch across developed economies post the recent economic turmoil of 2008, the demand for a variety of roofing underlying materials has again started gaining strength. However, the market is on the brisk of a huge transformation as emerging economies such as Asia Pacific and Latin America are commanding the most influential positions in the market.

Browse Roofing Underlying Materials Market Research Report: http://www.transparencymarketresearch.com/roofing-underlying-materials-market.html

The flourishing construction sector and a constant rise in new construction activities in these emerging economies are mostly to be ascribed for the excellent growth prospects for roofing underlying materials in the regions. In North America and Europe, on the other hand, demand is mostly stimulated by refurbishing and maintenance activities.

Transparency Market Research states that the global roofing underlying materials market will expand at a healthy 5.5% CAGR over the period between 2016 and 2024. The market, which had a valuation of US$27.99 bn in 2015, is expected to rise to US$45.16 bn by 2024 at this rate.

Non-residential Applications to Continue Being Market’s Key Revenue Contributors

The non-residential sector is presently the largest contributor to the global roofing underlying materials market, accounting for a share of nearly 44% in the global market in 2015. However, the segment is expected to lose its attractiveness to the residential sector and report a slight decline in its overall share in the global market in 2024. Demand for a variety of roofing underlying materials in the commercial sector will be driven primarily by a sustained rise in replacement and maintenance activities post the recent economic downturn. Stabilizing economies are enabling the commercial sector to take up previously deferred replacement projects.

The vast rise in residential building projects, especially in developing countries such as China, India, Costa Rica, Indonesia, and Malaysia, primarily owing to strengthening economies and rapid urbanization has triggered the demand for a variety of roofing materials in the past few years. In the next few years, the flourishing residential construction sector will prove to be a high-impact driver of the global roofing underlying materials market. The revenue contribution of the residential sector to the market will expand at a 6.0% CAGR over the period between 2016 and 2024. Volume-wise, demand for roofing underlying materials in the residential sector will expand at a 4.6% over the said period.

Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13850

Emerging Economies to Remain Determinants of Market’s Developmental Prospects

Asia Pacific held a dominant share of nearly 41% in the global roofing underlying materials market in 2015, mainly owing to the flourishing construction industry and constantly rising numbers of new homeowners in urban parts of the region. The market for roofing underlying materials is also expected to expand at the fastest pace in Asia Pacific as compared to other regional markets. The market is expected to exhibit a CAGR of 4.8% in the region over the period between 2016 and 2024. China will continue to be the dominant country for the roofing underlying materials market in Asia Pacific throughout the said period and will account for a nearly 58% share in the regional market by 2024.

In regions such as Latin America and the Middle East and Africa, the markets for roofing underlying materials will exhibit healthy growth and will benefit the most from developments in the residential construction sector. In North America and Europe, the mature market for roofing underlying materials is expected to exhibit average growth between 3.3-3.5% CAGR from 2016 to 2024.

The highly fragmented competitive landscape of the global market for roofing underlying materials features a vast number of small-, medium-, and large-sized companies struggling to acquire a larger share in the overall pie. None of the leading companies accounted for more than a 5% share in the global market in 2015. Some of the market’s notable players are DuPont, Duro-Last Roofing, Inc., Firestone Building Products Company, Atlas Roofing Corporation, Braas Monier Building Group Services S.A., IKO Industries Ltd., TAMKO Building Products, Inc., GAF Materials Corporation, Owens Corning, CertainTeed Corporation, and Carlisle.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://cmfeglobalreports.blogspot.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Roofing Underlying Materials Market Analysis by Segments, Size, Trends, Growth and Forecast 2024 here

News-ID: 610647 • Views: 359

More Releases from Transparency Market Research

High Nutritional Content Fuelling Demand For Yogurt Market
Rising awareness about the benefits of yogurt over curd is propelling the demand for yogurt among consumers Yogurt has lower sugar and fat content, making it preferable for health conscious customers. Besides, manufacturers are boosting the nutrition value by adding minerals, vitamins, and fiber in the product. For example, Arla foods, a food manufacturing company, has recently introduced fiber-rich yogurt. The yogurt has high protein content, adequate amount of
Increasing Inclination Towards Healthy Lifestyle To Propel Protein Supplements M …
According to a new report by Transparency Market Research (TMR), a leading market intelligence firm, the global protein supplements market is witnessing a tremendous rise in its valuation, thanks to the increased focus of consumers towards acquiring a healthy lifestyle. With the presence of a large number of players, such as GlaxoSmithKline Plc, Amway Corp., ABH Pharma Inc., Vitacost.com Inc., and Nu Skin Enterprises Inc., the competitive landscape in the
Ginger Market is expected to reach a valuation of US$4.18 bn by the end of 2022
The global reach and acceptance for spices, especially for ginger have been increasing in recent years, presenting promising growth opportunities for large-scale manufacturers and processors of the spice that also promises vast health benefits, observes Transparency Market Research in a recent report. The global ginger market has multiple players, owing to which the vendor landscape is fragmented and is competitive in nature. Read report Overview- https://www.transparencymarketresearch.com/ginger-market.html The dominant players in the global
Feather Meal Market: Import-Export, Industry Chain Structure and Development Opp …
A recent study published by Transparency Market Research on the feather meal market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global feather meal market was valued at US$ 359.5 Mn in 2020, which is estimated to rise at a CAGR of 8.6%, to reach ~US$ 820 Mn by 2030. Obtain Report Details @ https://www.transparencymarketresearch.com/feather-meal-market.html global feather meal market Nutritive Value of Feather Meal to Influence Feather

All 5 Releases


More Releases for Roofing

Steel Roofing Tiles Market
https://www.qandqmarketresearch.com/reports/7197214/steel-roofing-tiles-market-15 Steel roofing is a roofing system made from Steel pieces or tiles. Steel roofing can be a sensible way to protect home, especially if people live in an area that experiences a lot of storms, rapid temperature changes, beaming sun that melts asphalt, large hail, or heavy snowfall.?This report studies the Steel Roofing Tiles market. These heavy gauge 22 ga steel tiles are 2530% more expensive than their painted counterparts.
Global Roofing Underlayment Market 2018 - Boral Roofing LLC, Carlisle, GAF
The statistical surveying information incorporated into the Roofing Underlayment report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Roofing Underlayment based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Roofing Underlayment advertise covering key factors, for example, drivers and
US Roofing Market, 2025
IndexBox has just published a new report "World: Clay Tiles And Roofing - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-clay-tiles-and-roofing-market-report-analysis-and-forecast-to-2020/ ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering •
York Roofing Company Goes Green
TA Roofing in York have seen a growing demand for green roofing as many people are concerned about the environment as well as reducing their energy bills. Stuart Simpson, Managing Director of TA Roofing says: "We've installed green roofs on old and new properties throughout Yorkshire and they look fantastic, blending in with their surroundings and providing a beautiful garden." Green roofs provide better insulation, reduce stormwater runoff, filter pollutants, reduce energy
Russell Roofing Makes Prestigious Top 100 Roofing Contractors List
Philadelphia Roofing Company, Russell Roofing, is listed as number 71 in the USA for top 100 Roofing Contractors Oreland, PA, August 26, 2011 -- Leading roof repair company, Russell Roofing, has been listed at #71 in the national 2011 Top 100 Roofing Contractors List. Russell Roofing’s solid performance reveals its superior approach to service and quality has served it well in difficult economic times. The Top 100 Roofing Contractors List is compiled
Whitco Roofing, Inc. - Offers Additional Industrial and Commercial Roofing Servi …
Whitco Roofing recently expanded its website to give their clients more roofing solutions, to meet their needs. The idea of the move was to basically give their clients more roofing options, and services. The expansion should help their clients be aware of new products on the market, and help them make the best decision on their next industrial or commercial roofing project. Whitco now believe they offer not only the