Mar 04, 2019 (Heraldkeeper through COMTEX) — A new commercial enterprise intelligence document launched using Global Market Insights, Inc. With the name “Roofing Underlayment Market Research Report” that goals and offers comprehensive marketplace evaluation with future potentialities to 2024. The analysts of the look at have garnered tremendous research methodologies and facts sources (i.e., Secondary & Primary Sources) that allows you to generate collective and useful records that give you modern marketplace undercurrents and industry trends
Roofing Underlayment Market will surpass USD 45 billion by using 2024. Strong growth signs in constructing & production enterprise will be riding roofing underlayment market thru several upcoming infrastructure projects in Asian international locations including Japan, India, Indonesia, and China. Several international places have undertaken sizeable efforts and investments to improve their public infrastructure state of affairs, indicating a prospective increase for the roofing underlayment marketplace in the coming years.
The Asia Pacific held the biggest proportion in Roofing Underlayment Market. The area handed USD eleven billion sales in 2016 and will comply with the equal trend in the forecast duration. This can be attributed to fast urbanization and industrialization in APAC nations which include India, Thailand, Indonesia, and South Korea, which allows you to open increase avenues in creative industry and could, in the end, gasoline product demand in the coming years.
According to UN statistics, the global population may also surpass 9 billion by the quiet of 2050. Rising residential needs of developing populace and rural population flocking in the direction of metro cities for employment will prove a primary boom prospect for roofing underlayment market size. Moreover, re-roofing tasks for residential regions inside the U.S., Central, and Western Europe could be an essential driver for the roofing underlayments market over the forecast timespan.
The most effective mission for the roofing underlayment market over the forecast period may be environmental guidelines by numerous organizations such as the EPA and the European Commission (EC) regarding using merchandise emitting unstable natural compounds (VOCs) beyond the edge cost. The training of asphalt-saturated felt and rubberized asphalt emit numerous unsafe compounds that finally cause air and water pollution on a large scale.
Roofing Underlayment Market through Product
- Asphalt-saturated felt
- Rubberized asphalt
- Non-bitumen artificial
Based on products, in 2016, non-bitumen artificial roofing underlayment accounted for the largest roofing underlayment market percentage. This can be attributed to specific characteristics of non-bitumen synthetic underlayments, including resistance towards wear & tear, mild weight, anti-leaking, prevention of fungal growth, anti-skid end, and convenience of solving. Synthetic underlayments reduce the leakage chance through self-healing developments. Their wrinkle-unfastened and moisture-repellence characteristics shall remain also complement the growth of the non-bitumen artificial underlayments market. Rubberized asphalt and asphalt-saturated felt shall lose a few marketplace shares to synthetic underlayment over the following couple of years due to regulations discouraging products emitting threatening VOC amounts.
In 2016, non-residential production held the biggest percentage of the roofing underlayment market and could experience a mild increase at some stage in the forecast time frame. The section will witness huge product demand at some point in the forecast period due to escalating refurbishing and preservation activities. Residential construction is poised to be the quickest increase at a CAGR of over 6% in the forecast timespan. This upward thrust can be attributed to surging investments in residential projects, especially in BRICS countries.
MEA may be a quickest growing region in the roofing underlayment enterprise, expanding at a CAGR close to 5.5% throughout the forecast years. Gulf international locations are investing heavily in constructing & production projects, which majorly includes public infrastructure strengthening. For example, the imminent 2022 FIFA Championship could be hosted by way of Qatar. These projects will pull extra production investments and therefore propelling the regional roofing underlayment market.
The primary players worried in the roofing underlayment marketplace are Atlas Roofing Corporation, CertainTeed, GAF Materials, Tarco, Owens Corning, Johns Manville, Duro-Last, Gardner-Gibson, DuPont, and Vaproshield. Extensive research & development by industry players will gasoline the roofing underlayment marketplace share.
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Global Market Insights, Inc., established in Delaware, the U.S., is a worldwide marketplace study and consulting provider, offering syndicated and custom studies reports along with growth consulting services. Our business intelligence and industry research reviews offer customers penetrative insights and actionable market information especially designed and offered to resource strategic choice making. These exhaustive reviews are designed via a proprietary studies technique and are to be had for key industries, including chemical compounds, advanced materials, era, renewable power, and biotechnology.