According to the latest report published by Acute Market Reports “Roofing Underlayment Market” - Growth, Future Prospects and Competitive Analysis, 2019-2029,” the roofing underlaymentmarket is expected to expand at a CAGR of 6 % during the forecast period of 2021 to 2029.

The global roofing underlayment market has witnessed a significant rise in strategic collaborations among roofing underlayment manufacturers. Such growth strategies are focused at augmenting their service portfolio. The demand for a variety of roofing underlying materials has started gaining strength. However, the market is on the brisk of a huge alteration as emerging economies such as Asia Pacific and Latin America are imposing most influential positions in the market. The booming construction sector and a constant rise in new construction activities in these emerging economies are mostly to be ascribed for the excellent growth prospects for roofing underlying materials in the regions. In North America and Europe, on the other hand, demand is mostly stimulated by refurbishing and maintenance activities.

The global roofing underlayment market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across Asia Pacific, North America, and Europe. The global roofing underlayment market is projected to grow at a CAGR of 6 % during the forecast period of 2021 to 2029.

Browse full report at: https://www.acutemarketreports.com/report/roofing-underlayment-market

Based on product types, the global roofing underlayment market is categorized into asphalt-saturated felt, rubberized asphalt, and non-bitumen synthetic products. On the basis of application, this segment is further categorized residential, commercial, and non-residential applications. Market size and forecast for all the considered segmentation is presented in this report for the period 2019-2029 along with their respective CAGRs for the forecast period 2021-2029. Rubberized asphalt is the most expensive technique of roofing as it features water proofing property. However, non-bitumen synthetic underlayment continues to generate the highest revenues as they are strongest lightweight materials. Interms of applications, commercial segment continues to dominate due to high value projects such as building warehouses, manufacturing plants and so on.

The COVID-19 pandemic has had an adverse impact on the market. Direct commercial real estate market fell by 29 percent globally toapproximately US $ 320 billion in the first half on 2020. The key reason ofthe fall included travel lockdown that influenced cross border investments.Therefore, short term capital deployment plans have been postponed orcanceled. The recovery of this drop depends from country to country.

Asia remains extremely lucrativeregion for building construction & infrastructure industry to converge, network and strike lucrative business deals and establish business partnerships. The huge population, climate conditions & wide variety of consumers in Asia, Increasing disposable income, increasing economic growth and foreign direct investments are key reasons for the market growth. Increase in demand for roofing materials is eventually resulting in well developed supply chain process and modernization of infrastructure.China will continue to be the leading country for the roofing underlying materials market in Asia Pacific throughout the said period and will account to cross 60% share in the regional market by 2025.

Key players in this industry include Owens Corning, Duro-Last Roofing, BASF SE, 3M Company, The Dow Chemical Company, Sika AG, Atlas Roofing Corporation, Boral Roofing LLC, Braas Monier Building Group Services, Carlisle, CertainTeed Roofing, GAF, IKO Industries Ltd, Keene Building Products, MFM Building Products Corp, NovaSeal roof underlaymen, Polyglass, TAMKO Building Products, Vaproshield, Wrap Manufactures and others.

 Key Market Movements:

• Roofing Underlayment Market is growing with an expected CAGR of 6 % from 2021 - 2029.
• The key applications in the commercial segment is generating highest revenues in 2020.
• Non-bitumen synthetic underlayment continues to generate the highest revenues as they are strongest lightweight materials.
• Asia Pacific gained the largest share, followed by Europe & North America in the market.
• Key players in this industry include Owens Corning, Duro-Last Roofing, BASF SE, 3M Company, The Dow Chemical Company, Sika AG, Atlas Roofing Corporation, Boral Roofing LLC, Braas Monier Building Group Services.
  
  

Roofing Underlayment Market is Segmented into:

*Detailed segments are available on the report page