(MENAFN- PR Newswire) The roofing underlayment market is likely to rise at a CAGR of 3.4% during 2023-2028, to reach US$ 8.9 billion in 2028 , states Stratview Research.
DETROIT, Dec. 20, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on
the global roofing underlayment market
which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.
Click here for a free sample pdf:
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Report Highlights
| Market Size in 2028 | USD 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 | 70+ |
| 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 one . 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 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 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.
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Which Region Offers the Best Opportunity and Growth?
The report 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 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. 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.
Aging construction infrastructure. A surge in housing starts. A heightened focus on energy efficiency in buildings A growing need for roofing solutions that provide exceptional durability and longevity.
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
Top Companies in the Roofing Underlayment Market?
The market is fairly consolidated with the presence of some global and regional players. 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 Deliverables Will You Get in this Report?
| Key questions this report answers | Relevant contents in the report |
| How big is the sales opportunity? | In-depth Analysis of the Roofing Underlayment
Market |
| How lucrative is the future? | Market forecast and trend data and emerging
trends |
| Which regions offer the best sales opportunities? | Global, regional, and country-level historical
data and forecasts |
| Which are the most attractive market segments? | Market segment analysis and forecast |
| Which are the top players and their market
positioning? | Competitive landscape analysis, Market share
analysis |
| How complex is the business environment? | Porter's five forces analysis, PEST analysis, Life
cycle analysis |
| What are the factors affecting the market? | Drivers & challenges |
| Will I get the information on my specific
requirements? | 10% free customization |
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Waterproofing Coatings Market Below-Grade Waterproofing Market
About us –
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It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers take convincing business decisions.
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