Roofing Underlayment Market 2024 Industry Growth & Business Statistics Report
Category: #  By Rahul Varpe  Date: 2020-03-17
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Roofing Underlayment Market 2024 Industry Growth & Business Statistics Report

Roofing Underlayment Market share was valued at USD 29 billion in the year 2016 and is projected to surpass a revenue of USD 45 billion by the year 2024.

Know about Market growth in New Research and its Top growing factors by Key Companies like

Atlas Roofing, Braas Monier Building Group, Carlisle Companies Inc., CertainTeed Corporation, DuPont, Gardner-Gibson, GAF Materials, GCP Applied Technologies, IKO Group, Johns Manville, Owens Corning, Tarco, Boral Roofing LLC, Duro-Last Roofing, Inc, Keene Building Products, MFM Building Products Corp, NovaSeal roof underlayment, Polyglass, TAMKO Building Products, Inc., Vaproshield, Wrap Manufactures

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The worldwide Roofing Underlayment Market to register a CAGR of 5.5% over the period of 2017–2024. Analysis of the report based on competitive landscape, evolving technologies, current business trends, key industry players, growth pattern, and demand projections by the year 2024. The report also includes an in-depth analysis of the market based on its segments and sub-segments.

Strong growth indicators in building & construction industry will be driving roofing underlayment market through numerous upcoming infrastructure projects in Asian countries including Japan, India, Indonesia and China. Several nations have undertaken substantial efforts and investment in improving their public infrastructure scenario, which indicates at prospective growth for roofing underlayment market in the coming years.

According to UN statistics, global population may surpass 9 billion, by the end of 2050. Rising residential needs of growing population along with rural population flocking towards metro cities for employment will prove a major growth prospect for roofing underlayment market size. Moreover, re-roofing projects for residential sector in the U.S., Central and Western Europe will be an important driver for roofing underlayments market over the forecast timespan.

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In 2016, non-residential construction held the largest share of roofing underlayment market and will experience moderate growth during the forecast timeframe. The segment will witness huge product demand during the forecast period due to escalating refurbishing and maintenance activities. Residential construction is poised to be the fastest expanding segment expanding at a CAGR over 6% in the forecast timespan. This rise can be attributed to surging investments in residential projects particularly in BRICS countries.

Market Segmentation:

Report based on Product Segment

  1. Asphalt-Saturated Felt,
  2. Rubberized Asphalt,
  3. Non-Bitumen Synthetic

Comprehensive Review of Market Growth, Applications, and Future Prospects

  1. Residential Construction,
  2. Commercial,
  3. Non-Residential Construction

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Key Reasons to Purchase the Market Report

  1. The report elaborates on an in-depth evaluation of the market with respect to the product type segment, end-use segment, regional segment, and market opportunities till 2024
  2. A detailed data review alongside the meta-analysis of the market – with respect to the global vendors as well as regions – until 2024
  3. An in-depth understanding of the driving factors that will influence the market demand and preventive strengths in the market
  4. The report helps identify the latent growth opportunities of the market along with the CAGR forecast till 2024.
  5. The report will also help identify basic problems, solutions, and product developments to manipulate the progress threat.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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