By 2026, Roofing Underlayment Market In Commercial Construction Segment Is Expected To Showcase Significant Growth Rate
The application spectrum of the roofing market is divided into residential, non-residential and non-residential construction. Of these, the commercial construction industry is expected to have a 24% market share by 2026. Exponential increase in urbanization and increase in commercial construction activity can support product traction in this sector. For example, the growth of e-commerce companies is giving a major boost to warehouse construction, which in turn is expected to give a boost to the use of subfloors for roofs in the coming years.
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Driven by the increasing reroofing activities and construction projects worldwide, the roofing market is expected to grow significantly until 2026. Underlayment for roofing is of enormous importance in the construction industry. It is especially gaining momentum in the US as the region continues to face harsh climatic conditions.
Homeowners in the US spend a lot of money renovating their homes, both inside and out, including replacing roofing. This is expected to give a major boost to product demand. In addition, the start of new residential, non-residential and commercial projects is expected to boost the roofing underlayment market during the forecast period.
However, due to the COVID-19 pandemic, construction industry demand is expected to be low in 2020. In India, the government has halted all roofing and construction activities until the situation improves. Reduced cash flow and lack of investment have also impacted product demand globally, but the market is expected to gain momentum as the pandemic eases.
Geographically, the European roofing market accounted for more than $7 billion in 2019 and is expected to grow further in the forecast period given by increasing construction activity and strict regulations regarding energy efficiency of buildings. Asia Pacific, meanwhile, is one of the largest markets for shelters due to increasing urbanization.
The competitive landscape of the roofing underlayment market consists of industrial players such as Atlas Roofing, Braas Monier Building Group, DowDuPont, among others. These companies have focused on strengthening their position in the market through various proven strategies such as mergers and acquisitions and product launches. Focusing on an example, in 2020 the roofing and waterproofing system company, Polyglass USA, developed a new dual-purpose roof underlayment called Polystick XLR that provides both waterproofing and fire resistance for high temperature applications.
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Some points from the table of contents:
Chapter 4. Roof underlayment market, by product
4.1. Global Roofing Industry Share by Product, 2019 & 2026
4.2. Asphalt saturated felt
4.2.1. Market estimates and forecast, 2016 – 2026
4.2.2. Market estimates and forecast by region, 2016 – 2026
4.3. Rubber asphalt
4.3.1. Market estimates and forecast, 2016 – 2026
4.3.2. Market estimates and forecast by region, 2016 – 2026
4.4. Non-bitumen synthetic
4.4.1. Market estimates and forecast, 2016 – 2026
4.4.2. Market estimates and forecast by region, 2016 – 2026
Chapter 5. Roofing Underlayment Market Segment By Application:
5.1. Share of Roofing Industry by Application, 2019 & 2026
5.2. Residential building
5.2.1. Market estimates and forecast, 2016 – 2026
5.2.2. Market estimates and forecast by region, 2016 – 2026
5.3. Commercial break
5.3.1. Market estimates and forecast, 2016 – 2026
5.3.2. Market estimates and forecast by region, 2016 – 2026
5.4. Non-residential construction
5.4.1. Market estimates and forecast, 2016 – 2026
5.4.2. Market estimates and forecast by region, 2016 – 2026
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