openPR Logo
Press release

Roofing Underlayment Market size will witness 5.5% CAGR during the projected timespan.

01-24-2018 09:59 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

U.S. roofing underlayment market size, by application, 2013 ? 2024 (USD Billion)

U.S. roofing underlayment market size, by application, 2013 ? 2024 (USD Billion)

An inherent realm of the mainstream construction sphere, roofing underlayment market is likely to garner massive acclaim in the forthcoming years. This prominence can be primarily attributed to the robustly expanding construction sector across the globe, subject to the housing requirement for the ever-growing population. Adhering the need for strong roofing components for residential homes, companies partaking in roofing underlayment industry share have been religiously adopting tried-and-tested as well as novel business growth tactics to manufacture a range of products that would prove beneficial for home construction.

For instance, a year ago, Owens Corning, one of the most prominent roofing underlayment market players, inked a deal with the Canada-based roofing underlayment manufacturer, InterWrap, for a valuation of USD 450 million. The transaction, post receiving regulatory clearance, attained closure in the second quarter of 2016, and is expected to prove mutually beneficial for both the parties. While InterWrap’s brands would help Owens expand its presence further in roofing underlayment market, the latter’s innovations in building technology is expected to help InterWrap penetrate newer markets and expand its consumer base. The agreement was touted by experts to be one of most reciprocally advantageous deals of 2016 witnessed in roofing underlayment industry.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/2115

A vital factor that has come to the fore lately, is the critical role that roofing underlays play in hurricane-prone areas. Residential homes in coastal regions, often prone to storms and hurricanes, necessitate the requirement of strong roofing components to sustain the hazardous weather calamities. Hurricane Irma, for instance, a category 5 hurricane, had fiercely destroyed the British Virgin Islands with a rather palpable retribution, damaging several coastal properties. While the destruction scale was being compiled, it was noted that the cost to repair damaged roofs accounted for most of the overall repair expenditure. On these grounds, it was suggested that the building codes be modified to sustain storms and other calamities, which has provided a rather lucrative avenue for roofing underlayment market players.

Hurricane Irma also prompted several companies partaking in roofing underlayment industry share, to come up with a range of strong, hurricane-proof underlays and related components. In consequence, the 3 in 1 Construction company introduced the 3 in 1 Roof – embossed with a patented, easily installable 100% durable foam embodiment inclusive of renewable solar modules, with a foam core that protects underlays from hot and cold temperature cycles. The company aims to popularize its star product across roofing underlayment market, to the extent of wanting every value oriented homeowner to choose 3 in 1 Roof as their sole option for re-roofing.

Browse complete summary of this report @ https://www.gminsights.com/industry-analysis/roofing-underlay-market

The Alabama-based Mid-States Asphalt is another unique firm that specializes in manufacturing innovative underlays. The company’s products, with proper installation, prevent water intrusion even in the harshest weather. Taking cue from their contemporaries, pivotal players in roofing underlayment market such as Carlisle Companies, DuPont, GAF Materials, Atlas Roofing, and CertainTeed Corporation have been observed to have brought about changes in their product manufacturing strategies as well.

The Association focusing exclusively on underlays

Roofing underlayment industry, being an essential vertical of the construction sphere, is governed by the laws applicable for this rapidly expanding sector. However, recently, four major roofing companies aiming to expand the reach of roofing underlayment market in the overall construction space and manufacture cutting-edge underlayment products for building envelope applications, have formed the Asphalt Underlayment Council (AUC). This association, the first of its kind, focuses exclusively on underlays and identifies the need for a council that helps standardize the quality and performance of underlayment products. In the years to come, this association would focus on bringing forth regulatory issues to the fore by means of outreach programs and educational initiatives, that would have a considerable impact on the overall roofing underlayment industry trends.

Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2115

Significant With substantial rise in the requirement for building components across residential and commercial spaces, roofing underlays are expected to register extensive demand in the years to come. As the competition in roofing underlayment market soars to superlative heights, companies constituting this combative business space would be seen adopting highly strategic measures to sustain their position.

Furthermore, with the masses being more aware of the significance of roofing components in construction, it is expected that consumers would exercise caution and mandatorily install high-grade roofing underlays for their homes, which would augment roofing underlayment industry to quite an extent. Driven by the dire need for these components across coastal areas, in the face of hazardous climatic mishaps, and the adoption of building codes by contractors for installing flame-resistant and water-resistant underlays in commercial zones, roofing underlayment market size has been forecast to surpass a valuation of USD 45 billion by 2024.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.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 Underlayment Market size will witness 5.5% CAGR during the projected timespan. here

News-ID: 914758 • Views: 149

More Releases from Global Market Insights Inc.

Aircraft Fairings Market Analysis by Application, Material, Distribution Channel …
The aircraft fairings market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights. Advancements in
Farm Management Software Market Outlook By Emerging Trends & Opportunity Forecas …
The farm management software market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the farm management software market share and the information pertaining to the regulatory
Traffic Management System Market 2025: Comprehensive Insights and Growth Potenti …
A detailed analysis of the traffic management system market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the traffic management system market report also contains information on
Personal Cloud Market: Growth Trends, SWOT Analysis & Forecast To 2025
The personal cloud market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights. The personal

All 5 Releases


More Releases for USD

Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Metabolomics Market USD 1.24 Billion by 2020
The global metabolomics market is estimated to reach USD 1.24 Billion in 2020, growing at a CAGR of 15.6% from 2016 to 2020, according to a market research report Metabolomics Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Metabolomics Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/metabolomics-market/ Metabolomics is the scientific study of chemical processes involving metabolites, whereas metabolome represents the collection of all metabolites in a biological cell, tissue, organ or organism, which
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/albumin-market/ The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of