Roofing Underlayment Market to Hit USD 43.9 Bn by 2026: Says Global Market Insights, Inc.
Roofing underlayment market from commercial construction is expected to hold 24% share in 2026, owing to growing commercial construction activities throughout the globe as roofing underlayment protects the roofs from natural hazards and keeps the building safe
SELBYVILLE, Del., July 2, 2020 /PRNewswire/ -- Global Market Insights, Inc. has recently added a new report on the roofing underlayment market which estimates the market valuation for roofing underlayment will cross US$ 43.9 billion by 2026. Rising re-roofing and new construction activities to mount up product demand.
Construction industry in the U.S. is experiencing re-roofing activities mainly due to roof condition close to the end of its life span, which is triggering investment by the homeowners and roofing contractors to replace/renovate roofing material. Additionally, roofing underlayment plays a significant role in the construction of residential and commercial buildings in the U.S. owing to harsh climatic conditions in the region as well as sudden changes in the weather.
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In the past five years, the roofing contractors in the U.S. has grown by approximately 5% and has reached revenue of USD 49 billion in 2019. Additionally, the average net profit margins of U.S. contractors has improved significantly; for instance, margins of 4.2% were recorded in 2014, and 2018 saw margins rise to 6.3%. The construction industry growth includes the commercial, residential and non-residential market for new and existing buildings. Rising product demand from re-roofing/renovation and new buildings has led to increased margins as contractors are able to improve their prices with rising product demand.
Despite having various growth opportunities in the construction industry, the global roofing underlayment market is projected to experience a downturn in the year 2020 on account of COVID 19 impact on construction and other industrial sectors as well. Due to less cash flow and lack of investment in the construction activity product demand has also seen to be falling in the current year. Although in a long-term perspective, product demand is also projected to gain momentum with the world getting over this global pandemic.
Non-bitumen synthetic underlayment segment is anticipated to generate gains of 5.1% in the forecast timeframe, as they are likely to be preferred over the conventional or traditional underlayment type in the coming years. These underlayment's are composed of either polypropylene or polyethylene. The main advantages of synthetics are their lightweight but high strength, typically non-skid, and resistance to fungal growth, along with their wrinkle-free nature so that they don't absorb moisture.
Browse key industry insights spread across 195 pages with 131 market data tables & 10 figures & charts from the report, "Roofing Underlayment Market Share & Forecast, 2020 – 2026" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/roofing-underlay-market
Commercial construction sector will hold a share of 24% in the global roofing underlayment market in 2026. Commercial construction activities include roofs of the manufacturing plants and warehouses in a plant area. Roofing underlayment protects the roofs from natural hazards and keeps the building safe. Growing Commercial construction activities throughout the globe are driving the segment growth. For instance, growing E-commerce business across the globe is driving the warehouse construction business, which will have a subsequent positive impact on the roofing underlayment demand in the near future.
Some major findings of the roofing underlayment market report include:
- Asia Pacific emerged as the largest market for roofing underlayment on account of increasing construction activities in the region.
- Rising government interest for energy-efficient building and increasing adoption of eco-friendly products is expected to induce product demand.
- Synthetic underlayment demand to gain high momentum in coming years.
- COVID-19 impact on the construction sector will keep the demand low in the year 2020.
Europe roofing underlayment market size was over USD 7 billion in 2019, which projected to grow until the forecast time frame on account of increasing construction activities and strict regulations regarding the energy efficiency of buildings. The region has various building codes and regulations limiting VOC emissions and energy consumed by commercial as well as residential buildings. For instance, Energy Performance of Buildings Directive (EPBD; 2010/31/EC) specifies energy consumption of buildings should be to a very low level. Various public authorities having a new building also set an example by building or renting 'nearly zero energy building'.
Few industry players engaged in the global roofing underlayment market include are DowDuPont, Atlas Roofing, Braas Monier Building Group, etc.
Browse complete report table of contents @ https://www.gminsights.com/toc/detail/roofing-underlay-market
Partial chapters of report table of contents (TOC):
Chapter 3. Roofing Underlayment Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2016 – 2026
3.2.1. COVID-19 impact on industry landscape
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.3.1. COVID-19 impact on industry landscape
3.3.4. Vendor matrix
3.3.4.1. List of key raw material suppliers
3.3.4.2. List of key manufacturers/distributors
3.3.4.3. List of key/potential customers
3.4. Raw material analysis
3.4.1. COVID-19 impact on raw material supply
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Future trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing demand for energy-efficient buildings
3.6.1.2. Rising building construction in Asia Pacific
3.6.1.3. Escalating growth of synthetic roofing Underlayment
3.6.2. Industry pitfalls & challenges
3.6.2.1. VOC emissions caused by Asphalt saturated felt
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape, 2019
3.9.1. Company market share analysis, 2019
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Regional price trends
3.10.1. COVID 19 impact on pricing
3.10.2. Cost structure analysis
3.10.2.1. R&D cost
3.10.2.2. Manufacturing & equipment cost
3.10.2.3. Raw material cost
3.10.2.4. Distribution cost
3.10.2.5. Operating cost
3.10.2.6. Miscellaneous cost
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Threat of substitutes
3.11.5. Industry rivalry
3.12. PESTEL analysis
3.13. COVID 19 impact on demand of battery separator by application
3.13.1. Residential
3.13.2. Commercial
3.13.3. Non-residential
Browse related report:
Flooring Market Size By Product (Soft Coverings, Resilient Flooring [LVT, VCT, Vinyl Sheet, Fiberglass, Linoleum], Non-Resilient Flooring [Ceramic, Stone], Seamless Flooring), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/flooring-market-size
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Roofing Underlayment Market size worth around $43.9 Bn by 2026
Roofing Underlayment Market revenue will likely reach USD 43.9 billion by 2026; according to a new research report by Global Market Insights, Inc.
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SOURCE Global Market Insights, Inc.
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