Roofing & Tile Underlayment Market size is expected to showcase significant growth over the forecast timeframe with increasing demand from construction sector in support with favorable government policies to build green buildings. The roofing and tile underlayment act as a protection layer from the weather. The increase in the installation of flame and water resistant underlayment in commercial and residential building is the key factor that attributes towards the industry growth.
Industry participants are introducing roofing and tile underlayment that act as water resistant and water vapor permeable located on the cold side of the insulation. It prevents the moisture, snow, wind and other contaminants of dust that can drive through the roof tiles. This positively impacts roofing & tile underlayment market growth. Increase in industrialization has led to the adoption of roofing and tiles underlayment to protect the deck of the roof from moisture.
Based on the product, roofing and tile underlayment market can be segmented into asphalt saturated felt, rubberized asphalt, and non-bitumen synthetic. The asphalt saturated felt has a significant demand in the construction owing to its cost efficiency. It has significant application in the residential roof system. It is utilized between primary interior walls and exterior walls as covering to control the moisture. It is less costly as compared to other products and offers a better barrier for seepage specially when used on thick layers.
The thick tilers are more resistant to damage during the process of installation. It protects the roofs and tiles from extended seasonal rain, snow or wind. The heavy asphalt saturated felts are significantly used in the residential construction projects. This drives the market for this segment which in turn increases the industry growth.
Based on the application roofing and tiles underlayment market can be segmented into residential and non-residential construction. The nonresidential construction includes commercial, industrial and infrastructure. The nonresidential construction holds the significant market share over the forecast period. This is because of the increase in the maintenance and refurbishing activities, growth in the industrial operations and high productivity at lower cost. For instance, the government of many countries like Saudi Arabia and parts of Middle East are hugely investing in the nonresidential segment. The residential segment will showcase substantial growth over the forecast period due to increase in the number of residential projects in countries like India and China.
Asia pacific is anticipated to hold significant share in roofing and tile underlayment market size. This is due to increase in the industrialization and urbanization in India, China and South Korea. This opens growth avenues in the construction industry and increases the demand for the roofing and tile underlayment over the forecast period. Government vison and plans towards the recovery of infrastructure and tourism sectors will further encourage the roofing and tiles underlayment market size.
Prominent players in roofing and tiles underlayment includes, Boral Limited, Ecostar LLC, Etex, Eagle Roofing, Atlas Roofing Corporation, Crown Roof Tiles, Entegra Roof Tiles, Hongbo Roof Tiles, IKO Industries Ltd, Brava Roof Tile, Ross Roof Group, Red Land Tiles. The industry players are adopting various strategies to enhance their market share. The strategies include product development, partnership, expansion, mergers and acquisitions to strengthen value chain.
The above information has been provided on a regional and country basis