Roofing Underlayment Market - Global Industry Analysis

Roofing Underlayment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Consumer Goods Report Format : PDF Report Code: ZMR-6082 Status : Upcoming

Description

Global Roofing Underlayment Market: Overview

Roofing underlayment is a waterproof or water-resistant barrier material that is installed directly on the roof deck. As an added layer of protection from severe elements including snow, rain, and wind it is applied under all of the roofing materials. The roofing underlayment also plays a critical role in the protection of the house from damage caused by moisture. Several types of roofing underlayment are available with different functions and capabilities.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Roofing Underlayment Market: Growth Factors

The global roofing underlayment market is growing at a faster pace. The rise in the number of residential projects, growing demand for energy-efficient buildings, and extreme weather conditions including snow, rain, and wind are the major factors that are driving the growth of the global roofing underlayment market. In the world, the construction sector is the heart of the major cities. In the United States, every year approximately 1.2 million new housing units are been planned. Further residential building improvements are also surging rapidly. These factors are contributing to the growth of the global market. In addition to this, there is a huge demand for synthetic roofing underlayment due to its several advantages. Synthetic roofing underlayment is tough, fast to install, safe, and repels water. They offer enhanced protection from the elements and exhibits moisture & water-resistant properties. This is boosting the growth of the overall market. Moreover, the increase in commercial sectors, rise in maintenance & refurbishment of the non-residential building, and growing competition among the key players for the launch of new products are some of the key factors that are spurring the growth of the market. Furthermore, an increase in R&D activities for the development of innovative products may lead to plenty of opportunities for the growth of the global roofing underlayment market over the forecast period. However, loss of volatiles and poor quality of asphalt-saturated felt may restrain the growth of the global roofing underlayment market.

The Covid-19 outbreak has rigorously affected most of the industrial sectors and the construction industry is not an exemption from it. The coronavirus infected millions of people and to control the rapid spread of the disease, several governments across the world enforced complete lockdown and restriction on movement. Due to this, the ongoing construction projects were halted and also the launch of new projects was postponed. Moreover, the disruption in the supply chain and restriction on personnel movement also affected the construction industry. All these factors affected the growth of the global roofing underlayment market in the first half of the year 2020. In addition to this, the subsequent wave of coronavirus in some countries is also expected to moderately affect the growth of the market.

Global Roofing Underlayment Market: Segmentation

The global roofing underlayment market is fragmented based on product, application, and region. Based on the product, the global roofing underlayment market is bifurcated into non-bitumen synthetic, rubberized asphalt, and asphalt-saturated felt. Based on the application, the global market is split into non-residential construction, commercial, and residential construction.

Global Roofing Underlayment Market: Regional Analysis

Asia Pacific is estimated to contribute to the maximum share in terms of revenue in the global roofing underlayment market during the forecast period. Factors that are majorly contributing to the revenue of the market in this region are growing economic value, rise in spending on reimbursement & maintenance of the residential properties, and the rapidly expanding construction sector. In addition to this, the rise in interest of builders to incorporate roofing underlayment and development of smart cities in India is also adding up to fuel the growth of the market in Asia Pacific region. North America is also anticipated to account for a significant share owing to the rise in residential constructions and growing usage of roof underlayment for protection against severe elements. The market in Europe is also expected to grow at a healthy rate owing to a rise in investment in construction and an increase in non-housing construction.

Global Roofing Underlayment Market: Competitive Players

The global roofing underlayment market is highly fragmented. Some of the key participants operating in the market are Owens Corning, GCP Applied Technologies, GAF Materials, DuPont, Carlisle Companies, IKO Group, CertainTeed Corporation, Gardner-Gibson, and Atlas Roofing among others.

Global Roofing Underlayment Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global roofing underlayment market is growing at a faster pace. The rise in the number of residential projects, growing demand for energy-efficient buildings, and extreme weather conditions including snow, rain, and wind are the major factors that are driving the growth of the global roofing underlayment market. Furthermore, an increase in R&D activities for the development of innovative products may lead to plenty of opportunities for the growth of the global roofing underlayment market over the forecast period.

The global roofing underlayment market is highly fragmented. Some of the key participants operating in the market are Owens Corning, GCP Applied Technologies, GAF Materials, DuPont, Carlisle Companies, IKO Group, CertainTeed Corporation, Gardner-Gibson, and Atlas Roofing among others.

Asia Pacific is estimated to contribute to the maximum share in terms of revenue in the global roofing underlayment market during the forecast period. Factors that are majorly contributing to the revenue of the market in this region are growing economic value, rise in spending on reimbursement & maintenance of the residential properties, and the rapidly expanding construction sector. In addition to this, the rise in interest of builders to incorporate roofing underlayment and development of smart cities in India is also adding up to fuel the growth of the market in Asia Pacific region.

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