Roofing Underlayment Market By Regional Revenue, Trend & Growth Forecast 2019-2024
Mar 04, 2019 (Heraldkeeper through COMTEX) — A new enterprise intelligence report launched by Global Market Insights, Inc. With the title “Roofing Underlayment Market Research Report” that goals and gives comprehensive marketplace analysis with destiny prospects to 2024. The analysts of the study have garnered large research methodologies and facts assets (i.E Secondary & Primary Sources) so that you can generate collective and beneficial data that can provide trendy market undercurrents and industry tendencies
Roofing Underlayment Market will surpass USD forty-five billion by way of 2024. Strong growth signs in the building & construction industry will be riding the roofing underlayment market via several upcoming infrastructure tasks in Asian international locations and Japan, India, Indonesia, and China. Several countries have undertaken tremendous efforts and investment in enhancing their public infrastructure situation, which indicates a prospective increase for the roofing underlayment market in the coming years.
The Asia Pacific held the biggest proportion in Roofing Underlayment Market. The place handed USD 11 billion revenue in 2016 and could comply with the same trend for the forecast period’s duration. This can be attributed to speedy urbanization and industrialization in APAC international locations together with India, Thailand, Indonesia, and South Korea, as a way to open growth avenues in production enterprise and could eventually fuel product called for in the coming years.
According to UN facts, the global populace may additionally surpass nine billion by giving up in 2050. Rising residential wishes of developing population alongside rural populace flocking toward metro towns for employment will show a prime boom prospect for roofing underlayment marketplace size. Moreover, re-roofing projects for the residential area inside the U.S., Central, and Western Europe might be crucial for the roofing underlayments market over the forecast timespan.
The handiest primary undertaking for roofing underlayment market over the forecast length might be environmental guidelines with the aid of various agencies such as EPA and the European Commission (EC) concerning the usage of merchandise emitting volatile natural compounds (VOCs) beyond the brink fee. The training of asphalt-saturated felt and rubberized asphalt emit various unsafe compounds that subsequently cause air and water pollution on a large scale.
Roofing Underlayment Market via Product
- Asphalt-saturated felt
- Rubberized asphalt
- Non-bitumen synthetic
Based on products, in 2016, non-bitumen artificial roofing underlayment accounted for the largest roofing underlayment marketplace share. This may be attributed to unique characteristics of non-bitumen artificial underlayments along with resistance in opposition to put on & tear, mild weight, anti-leaking, prevention of fungal increase, anti-skid finish, and comfort of fixing. Synthetic underlayments lessen the leakage threat via its self-recovery tendencies. Their wrinkle-unfastened and moisture-repellence traits shall further praise the increase of the non-bitumen synthetic underlayments market. Rubberized asphalt and asphalt-saturated felt shall lose a few marketplace percentages to synthetic underlayment over the following couple of years due to regulations discouraging products emitting threatening VOC quantity.
In 2016, non-residential production held the most important percentage of roofing underlayment marketplace and could enjoy a slight increase in the forecast time frame duration. The segment will witness big product demand during the forecast duration because of escalating refurbishing and preservation sports. Residential construction is poised to be the fastest expanding section increasing at a CAGR of over 6% in the forecast timespan. This rise can be attributed to surging investments in residential tasks, mainly in BRICS international locations.
MEA will be the fastest rising area in the roofing underlayment industry, increasing at a CAGR close to five.Five% in the course of the forecast years. Gulf countries are investing closely in building & construction initiatives, which majorly includes public infrastructure strengthening. For example, the upcoming 2022 FIFA Championship could be hosted with the aid of Qatar. These initiatives will pull more productive investments and, as a consequence propelling the local roofing underlayment market.
The principal gamers concerned in the roofing underlayment market are Atlas Roofing Corporation, CertainTeed, GAF Materials, Tarco, Owens Corning, Johns Manville, Duro-Last, Gardner-Gibson, DuPont, and Vaproshield. Extensive studies & development by industry gamers will gas the roofing underlayment marketplace share.
About Global Market Insights:
Global Market Insights, Inc., based in Delaware, U.S., is a worldwide market research and consulting service issuer, supplying syndicated and custom research reports alongside increase consulting offerings. Our commercial enterprise intelligence and enterprise studies reports offer clients with penetrative insights and actionable marketplace records specifically designed and offered to aid strategic choice making. These exhaustive reports are designed through a proprietary studies methodology and are for key industries consisting of chemical compounds, advanced materials, era, renewable power, and biotechnology.
