The escalating construction domain will continue to remain one of the principal driving forces of roofing underlayment market.
Sellbyville, DE -- (SBWIRE) -- 05/14/2019 -- Global Market Insights recently introduced new report on global Roofing Underlayment market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Roofing Underlayment industry considering all the major industry trends, market dynamics and competitive scenario.
The escalating construction domain will continue to remain one of the principal driving forces of roofing underlayment market. Getting into the intricacies of this business space though, clarifies that there are a lot more factors pertaining to building construction and infrastructure development that are inherently responsible for augmenting the profitability landscape of roofing underlayment industry.
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The application spectrum of roofing underlayment industry comprises residential, non-residential, and commercial construction. The diversity in home construction pertaining to increasing consumer demands, while adhering to weather conditions while roof fixing, has led construction companies to brainstorm unique roofing underlays through massive research and development programs.
The stringent norms enforced with regards to environmental safety, especially across the geographies of North America and Europe, have been projected to prompt the regional populace to go in for renovation projects to render homes environment friendly, which would have a considerable impact on roofing underlayment industry, given the extensive prevalence of re-roofing activities.
In essence, despite being a crucial vertical falling under the umbrella of the construction arena, roofing underlayment market has emerged as quite a niche sphere, demanding the introduction of newer, state-of-the-art roofing techniques. In consequence, construction companies have been responding positively, investing heavily in R&D activities to launch highly innovative underlays. Backed by substantial construction and renovation projects, in addition to the ever-changing demands by the modern-day consumer, roofing underlayment industry outlook may witness dynamic transformations in the ensuing years. According to a reliable research study, market size has been forecast to surpass USD 45 billion by 2024.
The Tyvek® Protec™ underlays portfolio launched in 2016 garnered quite some repute in roofing underlayment market, and has been touted to emerge as one of the most innovative products introduced by DuPont Protection Solutions. The latest innovation in the bunch was introduced at the 2017 International Roofing Expo held at Las Vegas in March 2017, and by all means, offers characteristics similar to its predecessors – the Tyvek® Protec™ 120; Tyvek® Protec™ 160 and Tyvek® Protec™ 200.
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Beside domestic projects, another significant factor that has propelled the regional roofing underlayment market is the influx of foreign direct investments in the construction sector of the continent. The countries in APAC have been attracting international investors of late, given that the region has emerged as one of the most lucrative growth avenues in recent years, subject to extensive government funding for huge infrastructure projects and the ever-growing populace demanding eco-friendly, modern, luxurious housing on a large scale. Pertaining to the same, APAC has been forecast to dominate the overall roofing underlayment industry over 2017-2024, both, in terms of volume and value. The ongoing developments in the thriving construction sector in the region bear testimony to the aforementioned forecast.
The Asia Pacific zone has been touted to be one of the most remunerative geographies for roofing underlayment industry. This presumption can rightly be attributed to the continent's humongous construction sector, which seems to be expanding by the day. As per estimates, Asia Pacific dominated the overall roofing underlayment market share in 2016, boasting of a revenue beyond USD 11 billion, pertaining to the massive number of construction projects across the region. The robust industrialization and urbanization trends across the continent have led to a mammoth surge in the number of housing and office building constructions, the result of which has led to a considerable stir in roofing underlayment industry.
The Roofing Underlayment market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Roofing Underlayment market based on product, technology, end user and region.
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Key players in global Roofing Underlayment market include:
- Owens Corning
- Carlisle Companies
- Atlas Roofing
- CertainTeed Corporation
- GAF Materials
- IKO Group
- GCP Applied Technologies
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