Europe is emerging as a remunerative hub for roofing underlayment market and is expected to capture a sizeable share of over 30% by the end of 2027. This can be largely credited to the increasing residential construction activities in the region driven by various factors such as high disposable incomes, significant levels of net migration, and low-interest rates. Several governing bodies across Europe are focusing on substantial developments to make buildings highly energy-efficient, which will positively impact the industry space.
A considerable rise in the construction activities across the globe in recent years coupled with the increasing maintenance activities in residential and commercial spaces has instigated the demand for efficient roofing systems. This has dynamically increased roofing underlayment installation across these establishments. The burgeoning product demand is expected to proliferate the expansion of roofing underlayment industry over the upcoming years.
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The business expansion is being strongly influenced by the rising demand for synthetic roofing underlayment on account of its favorable performance properties such as moisture and tear resistance. Besides, majority of synthetic underlays exhibit superior self-healing effects that reduce leak incidences which is fueling their demand significantly. The Roofing Underlayment Market to cross USD 38.7 billion by 2027.
Elaborating on applications, roofing underlayment market is observing an enormous demand from commercial construction and is estimated to generate more than USD 1 billion from this segment by 2027. The growing economic activities in Latin America and Asia Pacific are providing a wide scope for commercial works and infrastructure development, which is favoring the business expansion further.
There are different roofing underlayment products present in the market currently. Rubberized asphalt is witnessing relatively heightened demand owing to its inherent flexibility which makes it appropriate for extreme weather conditions. It is produced with varying features, according to the building requirements by various additions including fiberglass reinforcement and sound reduction. Rubberized asphalt segment is anticipated to exhibit a robust CAGR of over 5.5% over 2021-2027.
Apart from the above-mentioned factors, the ongoing efforts to develop innovative offerings by the leading market players are also shaping the market outlook. Citing an instance, in 2020, DuPont, a prominent name in the construction industry, launched DuPont™ Tyvek® Roof Protector™ that offers a cooler gray color surface for roofing contractors and builders to work on. According to the company, the new product offers good walkability for safe working conditions that facilitate better traction and grip.
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Some Point from Table of Contents:
Chapter 4 Roofing Underlayment Market, By Product
4.1 Global roofing underlayment market product, 2020 & 2027
4.2 Asphalt-saturated felt
4.2.1 Market estimates and forecasts, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 - 2027
4.3 Rubberized asphalt
4.3.1 Market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 - 2027
4.4 Non-bitumen synthetic
4.4.1 Market estimates and forecasts, 2017 - 2027
4.4.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Roofing Underlayment Market, By Application
5.1 Global roofing underlayment market application, 2020 & 2027
5.2 Residential construction
5.2.1 Market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Commercial
5.3.1 Market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 - 2027
5.4 Non-residential construction
5.4.1 Market estimates and forecasts, 2017 - 2027
5.4.2 Market estimates and forecast, by region, 2017 - 2027
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