Major players in the roofing underlayment market are DowDuPont, Atlas Roofing, Monier Roofing Pvt Ltd, Carlisle Companies Inc. , CertainTeed Corporation, Gardner-Gibson Inc. , GAF Roofing, GCP Applied Technologies, IKO Group, Johns Manville, Owens Corning, MFM Building Products Corp.
New York, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Roofing Underlayment Global Market Report 2022: Ukraine-Russia War Impact" - https://www.reportlinker.com/p06372099/?utm_source=GNW
, Boral Roofing LLC., Keene Building Products, Intertape Polymer Group Inc., and VaproShield.
The global roofing underlayment market is expected to grow from $ 23.38 billion in 2021 to $ 26.03 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The roofing underlayment market is expected to reach $ 35.13 billion in 2026 at a CAGR of 7.8%.
The roofing underlayment market consists of sales of roofing underlayment by entities (organizations, sole traders, and partnerships) that are used as a protective layer to prevent water leaks, mold, and wind from entering the house.Roof underlayment refers to a layer that lies between shingles and the roof sheath or roof deck.
This is a waterproof or water-resistant material directly placed on a roof deck before any other roofing materials are placed. It acts as a secondary protective layer for the home.
The main installation methods in the roofing underlayment market are self-adhesive and mechanically attached.Self-adhesive roofing underlayments are used to protect houses from environmental hazards such as water and snow without the need for external adhesive.
Self-adhesive underlayment has an adhesive layer already applied so that there is no need for external adhesive and the installation process is shortened.The different barrier property types include water-resistant and waterproof and involve several products such as asphalt-saturated felt, rubberized asphalt, and non-bitumen synthetic.
The various types of applications include residential construction, commercial and non-residential construction.
Asia Pacific was the largest region in the roofing underlayment market in 2021. The regions covered in the roofing underlayment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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. For instance, according to the American Institute of Architects, a US-based professional membership organization for architects, in 2022, non-residential building construction is expected to increase by 5.4% and is expected to reach 6.1% by 2023. Also, the U.S. Census Bureau, a US government agency, stated that monthly residential construction activities increased in 2022. Therefore, growth in the construction industry is driving the growth of the roofing underlayment market.
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.
In September 2021, GAF, a US-based roofing and waterproofing manufacturer, acquired FT Synthetics for an undisclosed amount.The acquisition would help GAF improve its innovation capabilities and offer expanded product offerings to consumers.
FT Synthetics is a Canada-based manufacturer of synthetic underlayments for steep-sloped roofing.
The countries covered in the roofing underlayment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The roofing underlayment market research report is one of a series of new reports that provides roofing underlayment market statistics, including global market size, regional shares, competitors with a roofing underlayment market share, detailed roofing underlayment market segments, market trends and opportunities, and any further data you may need to thrive in the roofing underlayment industry. This roofing underlayment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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