The Roofing Underlayment Global Market Report 2023 by The Business Research Company, provides roofing underlayment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Roofing Underlayment Global Market Report 2023, the global roofing underlayment market size grew from $25.38 billion in 2022 to $27.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global roofing underlayment is expected to grow to $33.81 billion in 2027 at a CAGR of 5.7%.
The growth in the construction of both residential and non-residential buildings is expected to propel the growth of the roofing underlayment market going forward. Construction refers to the assembly and erection of structures that provide shelter for residential or business purposes. Roofing underlayments are used in all residential and commercial buildings and act as a barrier between the framing materials and the top layer of shingles in the construction of roofs to help protect from water leaks.
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The roofing underlayment market is segmented:
1) By Product: Asphalt-Saturated Felt, Rubberized Asphalt, Non-Bitumen Synthetic
2) By Installation Method: Self-Adhesive, Mechanically Attached
3) By Barrier Property: Water-Resistant, Waterproof
4) By Application: Residential Construction, Commercial, Non-Residential Construction
Technological advancements are a key trend gaining popularity in the roofing underlayment market. Major companies operating in the roofing underlayment sector are focused on technological innovations to meet consumer demand and strengthen their position. For instance, in November 2021, Boral Roofing, a US-based manufacturer of roofing products and construction materials, launched Sol-R-Skin Blue roofing underlayment, which had unique UV protection and glare coating features. It helps to protect the house from UV rays and improves energy-saving capabilities with the barrier aluminum surface that reflects heat and a fiberglass mat that further improves heat resistance. This also has features of waterproofing and insulation capabilities.
The roofing underlayment market report table of contents includes:
1. Executive Summary
2. Roofing Underlayment Market Characteristics
3. Roofing Underlayment Market Trends And Strategies
4. Roofing Underlayment Market – Macro Economic Scenario
5. COVID-19 Impact On Roofing Underlayment Market
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26. Africa Roofing Underlayment Market
27. Roofing Underlayment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Roofing Underlayment Market
29. Roofing Underlayment Market Future Outlook and Potential Analysis
30. Appendix
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