Market Insights
This report, titled “Roofing Underlayment Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025,” offers strategic insights into the trends in the global roofing underlayment market, along with the market’s size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on product type, application, and geographical distribution.
The global roofing underlayment market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to reach full capabilities and gain an international footprint. This market’s rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across the Asia Pacific, North America, and Europe.
Based on product types, the global roofing underlayment market is categorized into asphalt-saturated felt, rubberized asphalt, and non-bitumen synthetic products. On the basis of application, this segment is further categorized into residential, commercial, and non-residential applications. The market size and forecast for all the considered segments are presented in this report for the period 2015–2025 (Mn square meters and US$ Mn), along with their respective CAGRs for the forecast period 2017–2025 (value%%).
In terms of geographical distribution, the global roofing underlayment market is studied for five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.
To further elucidate, the geographical distribution of the global roofing underlayment market is as follows:
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global roofing underlayment market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the manufacturing of roofing underlayment.
The major companies profiled in this report include Atlas Roofing Corporation, Braas Monier Building Group Services S.A., Boral Roofing LLC, Carlisle, CertainTeed Roofing, Duro-Last Roofing, Inc., GAF, NovaSeal roof underlayment, IKO Industries Ltd., Keene Building Products, MFM Building Products Corp., Polyglass, Owens Corning, TAMKO Building Products, Inc., Wrap Manufactures, and Vaproshield.
Based on the product type, the global roofing underlayment market is segmented as follows:
- Asphalt-saturated Felt
- Rubberized Asphalt
- Non-bitumen SYNTHETIC
One of the most common types of underlayment used in residential steep-slope applications is black, asphalt-saturated felt paper. Felt underlayment may be made from either an organic or fiberglass substrate, although the organic is much more common. It is also called “organic” underlayment because it has a cellulose base. In the future, asphalt-saturated felt underlayment would probably be used less. Asphalt is basically the residue left over from the process of refining crude oil. As oil prices have increased, refining techniques have been developed that extract the maximum amount of high-quality products from the crude. The non-bitumen synthetic roofing underlying segment accounted for a share of over 35% in terms of volume in the global market in 2016 and is expected to remain dominant from 2017 to 2025.
Asphalt makes for one of the most critical raw materials for the manufacture of bituminous roofing underlying materials, which accounts for the second largest share in the global market in terms of product varieties. Manufacturers of bituminous roofing underlying materials face a significant challenge in ensuring the continuous availability of high-quality asphalt. A perpetual rise in the cost of manufacturing techniques is also leading to a substantial rise in the overall costs of underlying roofing materials.
Based on the application, the global roofing underlayment market is segmented as follows:
- Residential
- Commercial
- Non-Residential
The non-residential sector is the largest contributor to the global roofing underlying materials market, accounting for a share of nearly 44% of the global market in 2016. The demand for underlying roofing materials in the commercial sector will be driven primarily by a sustained rise in replacement and maintenance activities.
For the purpose of this study, the global roofing underlayment market is categorized into:
- North America (United States and Canada)
- Europe (U.K., Germany, rest of Europe)
- Asia Pacific (China, Japan, Singapore, South Korea, and the Rest of Asia Pacific)
- Latin America (LATAM)
- Middle East and Africa (MEA)
Due to a thriving construction industry and an increasing number of new proprietors in the region’s urban areas, Asia Pacific is the fastest-growing regional market, accounting for 41% of the global roofing underlying materials market in 2016. The market for underlying roofing materials is also expected to expand at the fastest pace in Asia Pacific as compared to other regional markets. The market is expected to grow at a CAGR of 6.3% from 2017 to 2025. China will continue to be the leading country for the roofing underlying materials market in Asia Pacific throughout the said period and will account for a nearly 58 percent share in the regional market by 2025. In Latin America, the Middle East, and Africa, the markets for underlying roofing materials will show vigorous growth and will benefit the most from developments in the residential construction sector.
