Roofing underlayment market 2020-2026 Top Trends promoting the industry growth
Selbyville, Delaware, United States, September 8 2020 (Wiredrelease) Global Market Insights, Inc –:Growing re-roofing activities are projected to push the global roofing underlayment market share over the coming years. Additionally, increasing number of construction initiatives are also expected to complement the overall market outlook during this time. As per the World Bank, the global construction sector was projected to grow at rate of 4.2% on an annual basis between 2018 and 2023. A majority of this growth is expected to come from emerging economies. In fact, according to Incest India, India’s national investment promotion and facilitation agency, India is projected to be the third-largest construction market in the world by 2025.
According to a research report by Global Market Insights Inc., the roofing underlayment market is likely to surpass a valuation of $43.9 billion by 2026.
Request for Sample Report: https://www.gminsights.com/request-sample/detail/2115
In addition, the increasing regulatory interest towards construction of energy-efficient buildings as well as the rising adoption of eco-friendly products would positively impel the product demand over the forthcoming timespan.
Following is a brief overview of three major trends influencing the roofing underlayment market growth:
Expanding commercial construction sector
With respect to application, the commercial segment is estimated to hold an overall market share of about 24% by the end of the forecast time period. Commercial construction activities include roofing underlayment of warehouses and manufacturing plants. Roofing underlayment safeguards the roofs from different natural hazards, which keeps the building safe.
Moreover, globally increasing commercial construction activities are expected to proliferate the segment size further. Citing an instance, the expanding e-commerce industry across the globe is propelling the warehouse construction sector, which would have a positive impact on roofing underlayment demand over the coming years.
Rising demand for non-bitumen synthetic products
With regards to product, surging demand for non-bitumen synthetic underlayment is expected to fuel the industry growth over the coming years. The growth is ascribed to higher consumer preference for non-bitumen synthetic products in comparison to traditional or conventional underlayment products.
Non-bitumen synthetic underlayment contains polyethylene or polypropylene. These products are lightweight but offer high strength while subsequently being highly resistant to fungal growth. They also have a wrinkle-free nature that does not let it absorb moisture. Based on these factors, the segment is projected to register gains of 5.1% by the end of the forecast timeframe.
Request for customization of this report: https://www.gminsights.com/roc/2115
Increasing construction coupled with strict regulations across Europe
Growing construction activities and stringent regulations about the energy efficiency of buildings should bolster the product demand in Europe. In 2019, Europe roofing underlayment market valued more than $7 billion. Europe has several building regulations and codes to restrict VOC emissions as well as the energy consumed by residential and commercial buildings.
Citing an instance, the EPBD (Energy Performance of Buildings Directive; 2010/31/EC) mandates the energy consumption of buildings to be very low. In addition, as support to this directive several public authorities with new buildings set an example by constructing, or renting ‘near zero energy building’.
Considering the favorable industry landscape, major industry players are heavily investing towards business growth strategies such as acquisitions. Taking February 2020 for instance, Atlas Roofing Corporation, a renowned roofing underlayment company, reportedly announced that it acquired StarRFoam, a leading producer of polystyrene solutions, with manufacturing facilities in Arizona and Texas.
The competitive landscape of the global roofing underlayment market is inclusive of players such as Braas Monier Building Group, DowDuPont, and Atlas Roofing among others.
Browse complete table of contents (ToC) of report @ https://www.gminsights.com/toc/detail/roofing-underlay-market
Partial chapters from the report ToC:
Chapter 4. Roofing Underlayment Market, By Product
4.1. Global roofing underlayment market 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. Rubberized 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, By Application
5.1. Roofing underlayment market share by application, 2019 & 2026
5.2. Residential construction
5.2.1. Market estimates and forecast, 2016 – 2026
5.2.2. Market estimates and forecast by region, 2016 – 2026
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
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]
This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].
This press release has not been edited by eTurboNews and is published from a syndicated feed.
Click here to post your own press-release on eTurboNews