Stratview Research has recently published a report on the Roofing Underlayment Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Product Type (Asphalt-Saturated Felt, Rubberized Asphalt, and Non-Bitumen Synthetic), by Application Type (Residential Construction, Commercial Construction, and Non-Residential Construction), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Roofing Underlayment Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Roofing Underlayment Market is estimated to grow from USD 27.84 billion in 2021 to reach USD 39.77 billion by 2028 at a healthy CAGR of 5.16% during the forecast period.
Market Dynamics
The demand for roofing underlayment is primarily driven by the increase in commercial and residential construction activities around the world. Furthermore, increased government efforts to adopt environmental-friendly building solutions will boost the product demand during the assessment period.
Some of the companies drive the market growth:
- DowDuPont
- Atlas Roofing
- Braas Monier Building Group
- Carlisle Companies Inc
- CertainTeed Corporation
- Gardner-Gibson
- GAF Materials
- GCP Applied Technologies
- IKO Group
- Johns Manville.
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Segments Analysis
By Product Type
The market is segmented as asphalt-saturated felt, rubberized asphalt, and non-bitumen synthetic. Asphalt-saturated felt occupied more than 51% share of the product segment in 2021 and is expected to maintain its dominance over the forecast period as well. The progress of the segment is owing to asphalt-saturated felt, being the widely used material used by residential roofers in the industry.
Regional Analysis:
Asia-Pacific registered the highest growth in the market in 2021, and is expected to maintain its indomitable lead during the assessment period. Many developing economies make up for the region’s progress and the construction industry is likely to grow rapidly, assisting the progress of the market.
Furthermore, increasing government initiatives to develop commercial and residential construction is another major driver positively influencing the regional progress over the assessment period. China and India are the growth engines of the region.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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