Blog

Global Roofing Underlayment Market Size Aims for $40

May 26, 2023 10:10 ET | Source: Zion Market Research Zion Market Research

Portland, OR, May 26, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Roofing Underlayment Market By Application (Commercial Construction, Residential Construction, And Non-Commercial Construction), By Product (Non-Bitumen Synthetic, Asphalt-Saturated Felt, And Rubberized Asphalt), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. Asphalt Roll

Global Roofing Underlayment Market Size Aims for $40

“According to the latest research study, the demand of global Roofing Underlayment Market size & share in terms of revenue was valued at USD 26.60 billion in 2022 and it is expected to surpass around USD 40.06 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.42% during the forecast period 2023 to 2030.”

What is Roofing Underlayment? How big is the Roofing Underlayment Industry?

Roofing underlayments are building materials that are laid or installed beneath shingles or any other sorts of roofing materials on a roof. Other types of roofing materials may also be laid or installed beneath roofing underlayments. Installing a roofing underlayment serves primarily to give an additional layer of protection against environmental or other elements such as moisture penetration, rain, or snow. This is the primary reason for installing a roofing underlayment. Felt is a type of material that is frequently used in the production of the material. Felt is a textile product that has a gentle and fuzzy consistency.

As an additional layer of defence, the material that has the consistency of felt is strengthened with polyester or fibreglass. It is possible to place it on top of the roof deck or underneath the shingles when it is being utilised as a roofing material. Additionally, it can be utilised in conjunction with other roofing materials such as metal, tile, or slate. Manufacturing, storing, and distributing roofing underlayments for residential and commercial use are the primary activities of this industry. During the period covered by the projections, a favourable growth outlook is anticipated to prevail.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs - https://www.zionmarketresearch.com/sample/roofing-underlayment-market-size

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Roofing Underlayment Market: Growth Factors

Increasing the number of residential construction projects in order to accelerate market growth

It is anticipated that the global market for roofing underlayment would expand as a result of the rising number of residential construction projects taking place all over the world. This encompasses the entirety of the real estate industry, both in urban and rural settings, in addition to any architectural or remodelling projects. The urban real estate market in several nations is currently flying at a rapid rate due to the increasing number of people moving to urban centres in search of a better life and due to the increased number of work opportunities available in these areas.

Large sums of money are being invested by regional governments and private construction corporations in urban city planning and the construction of structures in order to meet the housing needs of the population. In addition to this, rural areas are also registering a high rate of home building projects, which is affected by both an increase in the number of families with dual incomes and an increase in the proportion of households with discretionary income. In developed areas, an increase in the frequency of renovation operations may contribute to an increase in the need for roof underlayment.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/roofing-underlayment-market-size

Roofing Underlayment Market: Segmentation Analysis

The global roofing underlayment market is segmented based on application, product, and region.

Based on application, the global market segments are commercial construction, residential construction, and non-commercial construction. In 2022, the industry witnessed the highest growth in the residential construction segment as the world is witnessing a surge in demand for effective home solutions as the global population continues to rise. In residential construction, roof underlayment has wide applications. It is used between the roof deck and the shingles where it provides an added layer of protection. Additionally, it is highly recommended in homes that are situated near valleys or other areas that have high water flow since such homes are more prone to water leakage. They are also used around roof penetration such as chimneys and vents. As per the US Bureau of Economic Analysis, the construction industry contributed USD 842.7 billion to the country’s Gross Domestic Product (GDP) in 2020.

Based on product, the roofing underlayment industry divisions are non-bitumen synthetic, asphalt-saturated felt, and rubberized asphalt. The most commonly used product is the asphalt-saturated felt and hence showed maximum CAGR during the forecast period. The growth was mainly due to the decade-old dominance of the product over its counterpart. It provides an excellent layer of protection against moisture and water making it highly desirable. In recent times, non-bitumen synthetics have also gained huge popularity since they can withstand harsh weather conditions and have a longer lifespan. On average, the cost of asphalt-saturated felt for roofing underlayment ranges from $0.15 to $0.40 per square foot.

The global Roofing Underlayment market is segmented as follows:

Browse the full “Roofing Underlayment Market By Application (Commercial Construction, Residential Construction, And Non-Commercial Construction), By Product (Non-Bitumen Synthetic, Asphalt-Saturated Felt, And Rubberized Asphalt), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/roofing-underlayment-market-size

Some of the main competitors dominating the global Roofing Underlayment market include - 

 Key Insights from Primary Research:

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/roofing-underlayment-market-size

Key questions answered in this report:

Request for Customization on this Report as per your requirements - https://www.zionmarketresearch.com/custom/7191

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

North America to witness the highest growth

The global roofing underlayment market is expected to witness the highest growth in North America. The demand is mainly driven by the extensive construction projects in the US and Canadian region. These countries are highly prone to extreme snow during the winter season. This leads to residential units adding as many extra layers of protection against extreme weather conditions as possible in their home structure. Roofing underlayment is a common product used as an added layer beneath shingles. Furthermore, these regions witness frequently occurring hurricanes and tornadoes, leading to more demand for asphalt-saturated felt as it is the most common type of roofing underlayment used under such circumstances. In Europe, the growth is a result of strict building codes and regulations thus prompting more need for these materials.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/roofing-underlayment-market-size

Browse Other Related Research Reports from Zion Market Research:

Cancer Biopsy Market - By Product (Kits & Consumables And Instruments), By Type (Tissue Biopsies And Liquid Biopsies), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/cancer-biopsy-market

Industrial Valves Market By Type (Gate Valve, Butterfly Valve, Ball Valve, Check Valve, And Globe Valve) By Application (Oil & Gas, Chemical, Power, Water & Wastewater, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/industrial-valves-market

Human Insulin Market By Product (Drugs And Drug Delivery Devices), By Application (Insulin Dependent Diabetes Mellitus (Type 1) And Non-Insulin Dependent Diabetes Mellitus (Type 2)): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/human-insulin-market

Infrastructure Market By Application (Residential/Non-Residential Construction, Energy And Utilities Infrastructure, Transport Infrastructure, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/infrastructure-market

Hyperspectral Imaging Systems Market By Component (Hyperspectral Cameras And Accessories), By Application (Military Surveillance, Remote Sensing, Life Sciences & Medical Diagnostics, Machine Vision/Optical Sorting, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/hyperspectral-imaging-system-market

Melanoma Drugs Market By Therapy (Chemotherapy, Immunotherapy And Targeted Therapy) And Region: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/melanoma-drugs-market

Image Sensor Market By Technology (CMOS Image Sensor, CCD Image Sensor And Hybrid Image Sensor), Array Type (Linear Image Sensor And Area Image Sensor), By Application (Consumer Electronics, Automotive, Aerospace, Healthcare, Security & Surveillance, Industrial, Entertainment, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/image-sensor-market

Industrial Wireless Sensor Networks (IWSN) Market By Sensor(Chemical & Gas Sensors, Humidity Sensors, Motion & Position Sensors, Temperature Sensor, Pressure Sensors, Level Sensors, Flow Sensors And Image & Surveillance Sensors, By Application (Food & Beverages, Automotive, Energy And Power, Healthcare, Medical, Mining, Oil & Gas And Chemical), By Technology ( Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/industrial-wireless-sensor-networks-market

Metal Packaging Market (Cans, Barrels & Drums, Caps & Closures And Others) For Beverages, Food, Personal Care, Healthcare And Other Applications: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020-2028: https://www.zionmarketresearch.com/report/metal-packaging-market

Hydrazine Hydrate Market By End User (Water Treatment, Pharmaceuticals, Polymerization & Blowing Agents, And Agrochemicals), By Concentration Level (24%-35%, 40%-55%, 60%-85%, And 100%): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028: https://www.zionmarketresearch.com/report/hydrazine-hydrate-market

Breast Cancer Diagnostics Market - By Type (Imaging, Blood Tests, Genomic Tests, And Biopsy), By Product (Platform-Based And Instrument-Based), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028: https://www.zionmarketresearch.com/report/breast-cancer-diagnostics-market

Microbiology Culture Market By Culture Type (Bacterial Culture And Eukaryotic Culture) And By Media Type (Simple Media, Complex Media, Synthetic Media And Special Media) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020-2028: https://www.zionmarketresearch.com/report/microbiology-culture-market

Online Poker Market By Device Type (Mobile And Desktop), By End-User (Gambling Enthusiasts, Dabblers, And Social Exuberant) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/online-poker-market

U.S. Registered Nurses Market By End-User (Ambulatory Healthcare Services, Hospitals, Nursing Homes, And Others), By Gender (Male And Female), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/us-registered-nurses-market

U.S. Education Market - By Type (Cloud And On-Premise); By Content (Audio-Based Content, Video-Based Content, And Text: https://www.zionmarketresearch.com/report/us-education-market

HVAC Equipment Market By End-Use (Commercial, Residential, And Industrial), By Product (Ventilation, Heating, And Cooling), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/hvac-equipment-market

Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/

Follow Us on Twitter: https://twitter.com/zion_research

Follow Us on Facebook: https://www.facebook.com/zionmarketresearch

Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/

Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs

Web: https://www.zionmarketresearch.com/

Blog: https://www.stuffonix.com/

Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?

Global Roofing Underlayment Market Size Aims for $40

Double Component Waterproof Coating Email Directly Here with Detail Information: sales@zionmarketresearch.com