Global Roofing Underlayment Market

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

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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).

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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Global Roofing Underlayment Market

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