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. The title “Roofing Underlayment Market Research Report” goals and gives a 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
The Roofing Underlayment Market will surpass USD forty-five billion by way of 2024. Strong growth signs in the building & construction industry will ride 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 investments to enhance their public infrastructure situation, which indicates a prospective increase in the roofing underlayment market in the coming years.
The Asia Pacific held the biggest proportion of the Roofing Underlayment Market. The place handed USD 11 billion in 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, with India, Thailand, Indonesia, and South Korea opening growth avenues in production enterprise and could eventually fuel products called for in the coming years.
According to UN facts, the global populace may surpass nine billion by giving up in 2050. The rising residential wishes of the developing population and the rural populace flocking toward metro towns for employment will show a prime boom prospect for roofing underlayment marketplace size. Moreover, re-roofing projects for residential areas 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 the roofing underlayment market over the forecast length might be environmental guidelines with 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 the unique characteristics of non-bitumen artificial underlayments, 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 years due to regulations discouraging products emitting threatening VOC quantity.
In 2016, non-residential production held the most important percentage of the 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 of five. Five in the course of the forecast years. Gulf countries are investing closely in building & construction initiatives, including 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 players 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 and development by industry players will increase the roofing underlayment marketplace share.
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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 increased consulting offerings. Our commercial enterprise intelligence and enterprise studies report offer clients penetrative insights and actionable marketplace records specifically designed and offered to aid strategic choice-making. These exhaustive reports are created using a proprietary studies methodology and are for key industries of chemical compounds, advanced materials, era, renewable power, and biotechnology.
