Roofing Underlayment, Fasteners and Roofing Compound Sales Directly Dependent on Roofing Activity

Demand for roofing underlayment to grow 5% annually through 2023

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May 23, 2019, 15:51 ET

CLEVELAND, May 23, 2019 /PRNewswire/ -- Demand for roofing underlayment is forecast to rise 5.0% annually to $1.5 billion in 2023, outpacing market gains for roofing accessories overall. In area terms, roofing underlayment demand is projected to advance 2.8% per year to 190.0 million squares in 2023.

More information about the study is here: https://www.freedoniagroup.com/industry-study/roofing-accessories-3706.htm

Roofing underlayment demand will be boosted by such factors as:

increasing roofing activity – particularly in the residential market – as new roofs are installed and older roofs are repaired or replaced
adoption of more stringent building codes mandating the use of multiple layers of underlayment to provide additional protection against leaks
rising installations of low-slope metal roofing, as underlayment is often installed with metal roofing to serve as a moisture barrier to protect roof decks from moisture damage

US demand for roofing accessories is projected to advance 3.6% annually to $6.5 billion in 2023, fueled by increases in roofing activity. According to analyst Matt Zielenski, "As you might expect, the leading driver of roofing accessories demand is roofing activity – as roofs are constructed or repaired, the use of related accessories – such as fasteners, underlayment, and roofing compounds – also increases."

Roofing Accessories (published 05/2019, 255 pages) is available for $5400 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/industry-study/roofing-accessories-3706.htm

About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. The Construction & Building Products studies page is here: https://www.freedoniagroup.com/industry-category/build/construction-building-products.htm.

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SOURCE The Freedonia Group