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Roofing Underlayment Market estimated to gain high demand by 2026

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Elaborating on product type, the market for non-bitumen synthetic underlayment is expected to grow by 5.1% over the forecast period. – PowerPoint PPT presentation

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Title: Roofing Underlayment Market estimated to gain high demand by 2026


1
Roofing Underlayment Market Application Insights
Regional Analysis over 2020 - 2026
  • Driven by increasing re-roofing activities and
    construction projects worldwide, the roofing
    underlayment market is anticipated to depict
    considerable growth through 2026. Roofing
    underlayment holds immense significance in the
    construction sector. It is particularly gaining
    traction across the U.S. as the region continues
    to experience harsh climatic conditions.
  • Homeowners across the U.S. are spending heavily
    on renovating their residence interior and
    exterior, which includes replacing roofing
    material. This is expected to give a major boost
    to product demand. Furthermore, commencement of
    new residential, non-residential and commercial
    projects is anticipated to drive the roofing
    underlayment market during the forecast timespan.
    On this note, Global Market Insights, Inc.,
    estimates that the roofing underlayment market
    size may exceed USD 43.9 billion by 2026.

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Rights Reserved
www.gminsights.com
2
  • Elaborating on product type, the market for
    non-bitumen synthetic underlayment is expected to
    grow by 5.1 over the forecast period. Rising
    awareness regarding product features like
    lightweight, high strength, are resistant to
    fungal growth as well as its wrinkle free nature
    may support segment growth. Such features make
    non-bitumen synthetic underlayment more preferred
    over traditional roofing underlayment.
  • The application spectrum of roofing underlayment
    market is divided into residential,
    non-residential and commercial construction. Of
    these, the commercial construction sector is
    expected to hold a market share of 24 in 2026.
    Exponential rise in urbanization and increase in
    commercial construction activities may support
    product traction in this sector. For example,
    growth in e-commerce businesses are giving a big
    boost to the warehouse construction, which in
    turn is anticipated to give a push to the
    deployment of roofing underlayment in the coming
    years.
  • However, due to COVID-19 pandemic, demand from
    the construction industry is expected to be low
    in 2020. In India, the government has stopped all
    roofing and construction activities till the
    situation improves. Globally too, less cash flow
    and lack of investments have impacted product
    demand, but the market is expected to gain
    momentum as the pandemic subsides.

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Rights Reserved
www.gminsights.com
3
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/2
115
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www.gminsights.com
4
  • Regional Analysis
  • Geographically speaking, the roofing underlayment
    market of Europe was accounted at over USD 7
    billion in 2019 and is expected to grow further
    over the forecast period given to increasing
    construction activities as well as strict
    regulations over building energy efficiency. Asia
    Pacific meanwhile has been one of the largest
    market for roofing underlayment due to growing
    urbanization.
  • Competitive Analysis
  • The competitive landscape of roofing underlayment
    market comprises of industry players such as
    Atlas Roofing, Braas Monier Building Group,
    DowDuPont, among others. These companies have
    been focusing on enhancing their position in the
    market by means of various tried-and-tested
    strategies such as MAs and product launches.
    Highlighting an instance, in 2020, roofing and
    waterproofing systems company, Polyglass USA
    developed a new dual-purpose roof underlayment
    called Polystick XLR that offers waterproofing as
    well as fire-resistance across high-temperature
    applications.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
Latest Research Report On Roofing Underlayment
Market _at_ https//www.gminsights.com/industry-analy
sis/roofing-underlay-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
2115
Request for customization https//www.gminsights
.com/roc/2115
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Rights Reserved
www.gminsights.com
6
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Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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