Roofing Underlayment Market in residential construction segment to witness 6% gains to 2024

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Roofing Underlayment Market by Product,
Application, Region 2017-2024
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Key Insights from Roofing Underlayment Market

• Roofing Underlayment Market size will surpass USD
  45 billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Global roofing underlayment industry will be
  primarily driven by significant infrastructure
  initiatives especially in APAC countries
  including India, Japan, China and Indonesia, by
  2024. To address the growing infrastructural
  requirements of the rising population,
  substantial construction ventures have been
  undertaken by the governments in the recent
  years.
• By 2050, global population has been estimated to
  surpass 9 billion, as per the United Nations.
  Rising residential necessities of increasing
  population coupled with high rate of urbanization
  will present a robust growth indicator for
  roofing underlayment market. Residential
  re-roofing activities in Europe and North America
  will be another key driver for the roofing
  underlayments market in the coming years.

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Continued...

• Roofing underlayment market is monitored by
  several environmental regulations laid by REACH
  and EPA regarding volatile organic compounds
  (VOC) discharges from producing asphalt-saturated
  felt and rubberized asphalt.
• Non-bitumen synthetic roofing underlayment
  segment held highest market share in 2016 and
  accounted more than 40 industry share in 2016.
  Massive industry share is credited to unique
  features exhibited by synthetic underlayments
  such as light weight, resistance against tearing
  leaking fungal growth, ease of fixing and
  anti-skid finish. Majority of synthetic
  underlayments minimalize the occurrence of leaks
  by exhibiting self-healing properties. Their
  moisture-repellence and wrinkle-free performance
  will further encourage the usage of non-bitumen
  synthetic underlayments market. Asphalt-saturated
  felt and rubberized asphalt will lose some share
  to synthetics in the near future owing to
  regulations discouraging VOC emissions.

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Continued...

• Non-residential construction segment led the
  roofing underlayment market size in 2016 and will
  show moderate growth by 2024. Non-residential
  construction will witness extensive demand for
  roofing underlying treatments by 2024 on account
  of escalating maintenance and refurbishing
  activities.
• However, residential construction segment is
  projected to be the fastest growing segment with
  CAGR close to 6.0. The rise will be credited to
  increasing investment in residential construction
  sector particularly in Brazil, India and GCC.

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Latest Research Report on Roofing Underlayment
Market _at_ https//www.gminsights.com/industry-ana
lysis/roofing-underlay-market Request for a
sample of this research report _at_ https//www.gmin
sights.com/request-sample/detail/2115
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Industry Coverage

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U.S. roofing underlayment market size, by
application, 2013 - 2024 (USD Billion)

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Major Companies in Roofing Underlayment Market

• CertainTeed Corporation
• Atlas Roofing Corporation
• GAF Materials, Owens Corning
• Tarco, Johns Manville
• Gardner-Gibson
• Duro-Last Roofing
• Inc., Vaproshield
• DuPont

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Regional Insights in Roofing Underlayment Market

• Geographically, Asia Pacific had the highest
  share in global roofing underlayment market in
  2016. The region had surpassed USD 11 billion in
  the same year and will likely follow the same
  trend by 2024.
• MEA is expected to be the next fastest growing
  region in the industry with an estimated CAGR
  over 5.5. GCC government investment in
  construction sector has been rising
  substantially, in order to strengthen the
  regional infrastructure with a vision towards
  upcoming events. For instance, FIFA World Cup
  2022. These trends will stimulate the global
  roofing underlayment market.

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