Roofing Underlayment Market Size, Share, Growth Analysis, By Type(Asphalt-saturated Felt, Rubberized Asphalt, Non-bitumen Synthetic), By Application(Residential, Commercial, Others), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20C2083 | Region: Global | Published Date: February, 2024
Pages: 202 | Tables: 92 | Figures: 76

Roofing Underlayment Market Insights

Roofing Underlayment market size was valued at USD 26.60 billion in 2022 and is poised to grow from USD 28.11 billion in 2023 to USD 42.88 billion by 2031, at a CAGR of 5.42% during the forecast period (2024-2031).

Growing construction activity and rising investments in infrastructure development around the world are slated to bolster demand for roofing underlayment in the future. High demand for proper roof protection and the imposition of stringent mandates by different regulatory authorities to ensure proper roof safety of different structures is also estimated to favor market growth going forward.

Changing architectural trends, rising focus on sustainability, and adoption of green construction practices are other factors that could boost sales of roofing underlayment in the long run. Improved weather resistance and environmental sustainability are key factors that roofing underlayment manufacturers are trying to perfect to boost their sales and revenue generation potential. Residential as well as commercial sectors are slated to offer highly attractive growth opportunities for roofing underlayment companies.

Roofing Underlayment Market Report Snapshots

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Established as well as new roofing underlayment companies are engaged in an intense battle to improve their market share and boost sales, which points towards a highly competitive marketplace. Roofing underlayment manufacturers are continually investing in the research and development of novel underlayment materials to enhance the performance of their roof underlayment products and cater the diverse consumer requirements. Expansion of distribution networks is also projected to be of high importance for roofing underlayment vendors in the future. 'GAF Materials Corporation (US)', 'Tarco (US)', 'Dow Chemical Company (US)', 'Grace Construction Products (US)', 'IKO Industries Ltd. (Canada)', 'Johns Manville (US)', 'Atlas Roofing Corporation (US)', 'CertainTeed Corporation (US)', 'Owens Corning (US)', 'Advanced Building Products (US)', 'Polyglass USA, Inc. (US)', 'Firestone Building Products (US)', 'Tamko Building Products LLC (US)', 'Sika Sarnafil (Switzerland)', 'DuPont Building Innovations (US)', 'Protecto Wrap Company (US)', 'Henry Company LLC (US)', 'Carlisle SynTec Systems (US)', 'Simpson Strong-Tie Company Inc. (US)', 'Malarkey Roofing Products (US)'

The imminent threat of climate change is bolstering focus on sustainability on a global level and this is projected to directly favor demand for roofing underlayment as it helps in improving the energy efficiency of different structures. Roofing underlayment also complies with strict environmental regulations that are imposed by governments around the world to reduce the carbon footprint of the construction industry thereby driving market growth. The superior thermal performance of advanced roofing underlayment also contributes to their high demand.

Development of innovative materials: The global roofing underlayment market is expected to witness higher growth opportunities owing to the increasing development of new and innovative roofing underlayment materials. Some examples include bio-based or recycled materials and this could lead to higher revenue during the forecast period as companies may find ways of mitigating the problems arising due to fluctuating prices of petroleum. In addition to this, the growing demand for eco-friendly products could assist in greater chances of higher growth if companies can develop sustainable materials for roofing underlayment.

North America accounts for the largest share of the global roofing underlayment market. Increasing demand for sustainable roofing solutions is leading market growth in this region. The rising availability of high-performance roofing underlayments in this region is also contributing to its dominance. High residential construction activity is what makes the United States a lucrative market for roofing underlayment suppliers in this region.

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Roofing Underlayment Market Size, Share, Growth Analysis, By Type(Asphalt-saturated Felt, Rubberized Asphalt, Non-bitumen Synthetic), By Application(Residential, Commercial, Others), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Roofing Underlayment Market Insights

Roofing Underlayment Market Report Snapshots

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