The European roofing underlay market is projected to account for around 30% of the share of sales in 2027 driven by factors such as high disposable income, low interest rates and significant net migrations.
Selbyville, Delaware, Nov. 9, 2021 (GLOBE NEWSWIRE) –
According to the latest study by Global Market Insights Inc., sales in the roofing market are expected to reach a value of 38 billion US dollars by 2027, based on global industry growth.
The roofing membrane market will see significant growth from 2021 to 2027. Roofing membranes are often used as additional protection in roof systems. Increasing maintenance activities in commercial and residential properties, especially in industrialized countries, have increased the demand for synthetic roofing underlays in recent years. In addition, it will stimulate product growth due to its moisture and tear resistance. Most synthetic substrates exhibit self-healing effects that minimize the occurrence of leakage.
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Additionally, some synthetic underlays have additional features like peel-and-stick backs and non-slip surfaces that offer better performance at an affordable price. Plastic roofing membranes are increasingly penetrating the Asian and European markets due to their suitability as ice and water barriers. In addition, the adoption of building codes that mandate the use of synthetic underlays will fuel market growth. VOC emissions and particulate matter (PM) in the manufacture of asphalt-based roofing membranes are the most important slowing factors in the growth of the industry.
The rubberized asphalt roofing market will see significant growth of around 5.5% CAGR through 2027. The growth in this segment is largely due to its inherent flexibility, which makes it ideal for extreme weather conditions.
The story goes on
The commercial roofing roofing market size is projected to exceed $ 1 billion by 2027. The increasing economic activity in the Asia-Pacific region and Latin America will create scope for infrastructure development and commercial work that will increase the overall revenue of the industry.
Europe is expected to account for almost 30% of the revenue share by 2027. Factors such as high disposable income, low interest rates and significant net migration will fuel the growth of the housing sector in the region. Many European governments have focused on key developments to make buildings more energy efficient, which will affect the overall size of the industry in the near future.
Major players in the Roofing Underlay market include Atlas Roofing Corporation, Intertape Polymer Group, Braas Monier Building Corporation, Duro-Last Inc., Carlisle Companies Inc., Johns Manville, Certain Teed Corporation, VaproShield, DuPont de Numerous, Inc., Tamko Building Products, Inc., Gardner Gibson, Polyglass, Tarco, Owens Corning, GAF Materials, MFM Building Products Mfg., Boral Roofing LLC., Keene Building Products, IKO Industries, Inc., GCP Applied Technologies Inc. etc.
Some of the Key Findings of the Roofing Equipment Market Report Are:
The increasing demand for rubberized asphalt in roof solutions to prevent initial leaks.
The rapid acceptance of roof underlay products in residential, commercial and non-residential construction.
Increasing growth in restructuring and renovation activities in European and North American countries will increase product demand.
Changing customer preferences towards environmentally friendly products for building construction in connection with strict environmental regulations will increase overall market sales.
Key roofing membrane market players are busy building their geographic footprint, research and innovation, and mergers and acquisitions (M&A) to gain competitive advantage in the marketplace.
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Sub-chapter of the report table of contents (TOC):
Chapter 3 Insights into the roofing industry
3.1 Industry segmentation
3.2 Industry size and forecast, 2017-2027
3.2.1 Effects of COVID-19 on the industry landscape
3.3 Industry ecosystem analysis
3.3.1 Profit Margin Analysis
3.3.2 Value creation at every level
3.3.3 Sales channel analysis
220.127.116.11 Effects of COVID-19 on the sales channel
3.3.4 Supplier matrix
18.104.22.168 List of the most important raw material suppliers
22.214.171.124 List of the most important manufacturers / suppliers
126.96.36.199 List of key potential customers
3.4 Analysis of raw materials
3.4.1 Effects of COVID-19 on the supply of raw materials
3.5 Innovation and Sustainability
3.5.1 Patent Analysis
3.5.2 Future trends
3.6 Industry influencers
3.6.1 Growth drivers
188.8.131.52 Growing demand for energy-efficient buildings
184.108.40.206 Increasing building construction in the Asia-Pacific region
220.127.116.11 Escalating growth of synthetic roofing membranes
3.6.2 Pitfalls and challenges in the industry
18.104.22.168 VOC emissions caused by asphalt-soaked felt
3.7 Regulatory landscape
3.8 Growth Potential Analysis, 2020
3.9 Competitive Landscape, 2020
3.9.1 Analysis of the company’s market shares, 2020
3.9.2 Brand analysis
3.9.3 Key Stakeholders
3.9.4 Strategy landscape
3.10 Regional price development
3.10.1 Regional prices
3.10.2 Impact of COVID-19 on Pricing
3.11 cost structure analysis
3.11.1 R&D costs
3.11.2 Manufacturing and equipment costs
3.11.3 Raw material costs
3.11.4 Distribution costs
3.11.5 Operating costs
3.11.6 Other costs
3.12 Porter’s analysis
3.13 PESTEL analysis
3.14 Application implications of COVID-19
3.14.3 Non-residential buildings
About global market insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting service provider; Offering syndicated and custom research reports along with growth advisory services. Our business intelligence and industry research reports provide customers with penetrating insights and actionable market data that is specifically designed and presented to aid strategic decision-making. These comprehensive reports have been generated using a proprietary research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energies and biotechnology.
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