Product ID: SQMIG20C2083
Global Roofing Underlayment Market Size, Share, Growth Analysis, By Product(Asphalt-saturated Felt, Rubberized Asphalt), By Application(Residential Construction, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG20C2083 |
Region:
Global |
Published Date: February, 2024
Pages:
202
|
Tables:
63 |
Figures:
75
Global Roofing Underlayment Market Insights
Global roofing underlayment market size was valued at USD 25.23 billion in 2021 and is poised to grow from USD 26.60 billion in 2022 to USD 40.06 billion by 2030, at a CAGR of 5.42% during the forecast period (2023-2030).
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.
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Global Roofing Underlayment Market Segmental Analysis
The global roofing underlayment market has been bifurcated based on product, application, and region. Based on product the market is segmented as Asphalt-saturated Felt, Rubberized Asphalt, Non-bitumen Synthetic. On the basis of application the market is segmented as Residential Construction, Commercial, Non-residential Construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The global roofing underlayment market is dominated by the asphalt-saturated felt segment owing to its wide acceptance in the construction industry on a global level. Asphalt-saturated has been around for quite a while and has proven its waterproofing, durability, and affordability characteristics. A high preference for asphalt-saturated felt for roofing applications by contractors as well as builders allows it to hold a dominant market share.
Non-bitumen synthetic underlayment is emerging as the fastest-growing product segment in the global marketplace. Enhanced durability, better eco-friendliness, and improved resistance to weather elements are benefits that non-bitumen synthetic underlayment offers thereby allowing its demand to surge at a rapid pace. A high focus on sustainability in the construction industry is slated to bolster the adoption of non-bitumen synthetic roof underlayment in the future.
Analysis by Application
Most of the roofing underlayment is used in residential construction applications around the world. The expanding world population and the rising demand for affordable housing solutions around the world are estimated to contribute to the high roofing underlayment demand in residential applications. Growing residential construction activity and the launch of new residential housing schemes are also contributing to the growth in this segment.
Demand for roofing underlayment in commercial applications is forecasted to increase at a rapid pace over the coming years. High investments in infrastructure development around the world and growing commercial real estate markets are contributing to high roofing underlayment demand in commercial settings. The adoption of sustainable and green building practices in commercial buildings is slated to uplift sales of advanced roofing underlayment solutions in the future.
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Global Roofing Underlayment Market Regional Insights
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.
Demand for roofing underlayments in the Asia Pacific region is predicted to rise at the fastest CAGR of all regions in the world. The expanding population base, rising demand for housing solutions, and increasing urbanization are factors that are forecasted to drive roofing underlayment demand outlook in this region. High investments in infrastructure development coupled with a rising focus on sustainability also create new opportunities for roofing underlayment suppliers in this region going forward. Rising awareness regarding the benefits of roofing underlayment for protection against extreme weather also promotes market growth. China, India, Indonesia, and Japan are slated to be top markets in this region.
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Global Roofing Underlayment Market Dynamics
Drivers
Energy-Efficient Solutions
- 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.
Restraints
Fluctuating Raw Material Prices
- One of the key reasons for restricted roofing underlayment industry growth is the fluctuating prices of the raw material used in the manufacturing or roofing underlayment. Asphalt and petroleum are raw materials that are in a constant state of volatility owing to supply chain variations and international trade fluctuations. This constant change in prices of raw materials impacts roofing underlayment production and also creates issues in pricing for manufacturers.
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Global Roofing Underlayment Market Competitive Landscape
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.
Roofing underlayment market players can also focus on collaborating with construction companies and contractors to boost their revenue generation and stay one step ahead of the competition. Weather resistance, affordability, and product durability are certain aspects roofing underlayment companies can also leverage rising focus on sustainability and energy efficiency to boost their sales potential in the long run.
Top Player’s Company Profiles
- 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)
Recent Developments
- In February 2023, Petersen, a leading supplier of PAC-CLAD architectural metal cladding systems, announced that it was offering a new lineup of roofing underlayments. The new products had self-adhering and high-temperature resistance properties to provide extensive protection against water leakage. The PAC-CLAD HT product is capable of withstanding a temperature of up to 250°F.
- In November 2022, CertainTeed, an American provider of building materials, announced the addition of an innovative offering to its existing range of roofing products. RoofRunner® AIR is a breathable synthetic roofing underlayment that was launched for the Canadian market to promote roof deck drying.
Global Roofing Underlayment Key Market Trends
- 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.
Global Roofing Underlayment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, growing construction activity around the world and rising investments in infrastructure development are estimated to be key catalysts driving roofing underlayment sales on a global level. The growing world population is driving residential construction activity, which in turn is slated to benefit roofing underlayment demand. A high focus on sustainability and increasing adoption of green building practices is estimated to uplift demand for advanced roofing underlayments in the future. Roofing underlayment manufacturers are focusing on incorporating more eco-friendly materials to attract eco-conscious consumers and boost sales potential.
Rapid urbanization and high investments in infrastructure development are slated to be key prospects driving roofing underlayment sales in the Asia Pacific region over the coming years. The imposition of stringent energy efficiency mandates on new construction projects is also forecasted to bolster roofing underlayment demand in the future. The high frequency of extreme weather events is also predicted to boost the adoption of roofing underlayments across the forecast period.
However, fluctuations in the pricing of raw materials required to prepare roofing underlayments are slated to limit market growth in the future. Development of innovative roofing underlayments is projected to be the prime focus of market players and this is slated to be the key trend going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 25.23 billion |
| Market size value in 2030 | USD 40.06 billion |
| Growth Rate | 5.42% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Roofing Underlayment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Roofing Underlayment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Roofing Underlayment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Roofing Underlayment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Roofing Underlayment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Roofing Underlayment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Roofing Underlayment Market Report Snapshots
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