Roofing Underlayment Market Is Likely to Experience a Tremendous Growth by 2031

by mansi jain on Apr 2, 2024 Business 262 Views

Roofing Underlayment Market is estimated to grow at a CAGR of nearly 5.0% during the forecast period. Roofing underlayment is a water-resistant material that places directly onto the roof deck. It is applied under the roofing materials as a protection layer from the weather.  The roofing underlay act as a protection layer against the rain, condensing water and leakage, and the snow blown under the roofing. There are several key factors are attributing to the growth of the global roofing underlayment market, which includes the growth in the construction sector and the increasing installation of flame-resistant and water-resistant underlayment in commercial and residential structures. As per Statistics Canada, total investment in the construction of buildings in Canada reached $15.6 billion in September 2019, increased 1.0% from August 2019. 

 

The construction investment has witnessed rise for both residential and non-residential construction with 1.2% and 0.4%, respectively. This contributes to the demand for roofing underlayment as a protection against environmental conditions. The roofing underlay acts as a water-resistant and water vapor permeable that is located on the cold side of the insulation and enables to prevent the moisture, snow, wind, and contaminants of the dust that may have been driven through the roof tiles and impacting positively towards the growth of the global roofing underlay market. In addition, rising industrialization across the globe is further encouraging the adoption of roofing underlayment to protect a roof deck from moisture.

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Roofing Underlayment Market- Segmentation

By Product 

  • Asphalt-saturated felt
  • Rubberized asphalt
  • Non-bitumen synthetic

By Application

  • Residential construction
  • Non- Residential construction

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Regional Analysis           

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles

  • Atlas Roofing Corp.
  • BMI Group Management UK Ltd.
  • Boral Roofing LLC
  • Carlisle Companies Inc.
  • CertainTeed Corp. (Compagnie de Saint-Gobain S.A.)
  • DuPont de Nemours, Inc. 
  • Duro-Last Roofing, Inc.
  • GAF Materials LLC d/b/a GAF
  • Gardner-Gibson Co.
  • GCP Applied Technologies Inc.
  • IKO Industries Ltd.
  • Intertape Polymer Group Inc.
  • Keene Building Products
  • MFM Building Products Corp.
  • Owens Corning
  • Polyglass S.p.A.
  • Tamko Building Products LLC
  • VaproShield LLC

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Article source: https://article-realm.com/article/Business/60978-Roofing-Underlayment-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html

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