Synthetic Roofing Underlayment

Global synthetic roofing underlayment is forecast to 5.41% over the next five years. According to the WK-chem Research, “Global Synthetic Roofing Underlayment Professional Survey Report 2024, Forecast to 2029”, rapidly increasing commercial, non-residential, and residential construction activities across the world will be major factors driving the industry growth.. The compound annual growth rate (CAGR) for the 2024-2029 period is projected to be 5.41% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Non-residential and commercial building contractors are becoming aware of the significance of roofing components in construction owing to the increase in adverse climatic conditions such as heavy rainfalls, cyclones, and increased moisture in the air across coastal areas. This trend is expected to drive the use of roofing underlayment across coastal areas in the face of hazardous climatic mishaps”, said Mike Evans, Senior analyst, in WK-chem Research.

Market insight:

The construction industry is growing at a significant rate, since the past few years, in developing countries. The rising population demands better infrastructural & road facilities along with housing. Furthermore, the increasing demand for better hospitals, bridges, dams, reservoirs, flyovers, and other infrastructural needs is propelling the global construction industry growth on a large scale. The use of roofing underlayment in the construction to protect buildings from water, ice, UV radiations, moisture, and other adversely affecting climatic conditions, such as wind and heavy rainfall, will further fuel the market demand.
High Volatile Organic Compound (VOC) emissions associated with the manufacturing of roofing underlayment are anticipated to hamper the development of industry.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading synthetic roofing underlayment companies that 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.

Segmentation of Synthetic Roofing Underlayment Market:

According to the type, the market for synthetic roofing underlayment is divided into: Asphalt-saturated felt, Rubberized asphalt, Non-bitumen synthetic. Asphalt-saturated felt has the largest market share. Roofing underlayment is used for its various properties such as protecting the sheathing from moisture absorption & adding weather protection by obstructing the entry of wind-driven rain below the shingles and into the house. Furthermore, asphalt-saturated felt is used in both residential housing complexes and commercial spaces.

According to the application, the market for synthetic roofing underlayment is divided into: Residential construction, Commercial, Non-residential construction. Residential construction has the largest market share. With the start of new constructions, permits and completions that were stuck up over the last few years are being cleared. Growth in residential construction is impelled by the growing population, the settling down of millennials, and the rising employment & income levels. Mortgage interest rates and migration will contribute to the segment growth.

Synthetic Roofing Underlayment Market: Regional Analysis

In terms of geography, the global synthetic roofing underlayment market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Emerging markets in Southeast Asia, increasing private investments, and growing business activities in the region will further boost the construction industry size. It is becoming increasingly aware of the significance of roofing components owing to increased adverse climatic conditions, such as heavy rainfalls, cyclones, and increased moisture in the air across coastal areas, and hazardous climatic mishaps. Rapid industrialization in Asia Pacific is enhancing building & construction activities for commercial purposes.