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Roofing & Tile Underlayment Market size will experience a dynamic growth between 2023 and 2032, owing to the rising number of construction activities across emerging economies and supportive government policies worldwide are encouraging the development of modern urban infrastructure, subsequently accelerating the demand for roofing materials and tile underlayment.
Roofing & tile underlayment solutions protect structures from external conditions. Hence, technological advancements in flame and water-resistance underlayment will help the commercial and residential application scope of roofing products. The influx of novel products that offer water vapor permeability to create a barrier against moisture, wind, snow, and adverse climatic conditions will also influence the roofing & tile underlayment market expansion.
Based on product, the asphalt saturated felt product segment is poised to acquire a sizeable revenue by 2032. Asphalt-saturated felt is gaining tremendous traction among construction companies credited to its cost efficiency. It also finds widespread demand across residential roofing applications and is applied between primary interior and exterior walls to limit moisture.
Asphalt solutions are rather affordable as compared to other alternatives and provide a robust barrier to seepage. Due to the rising frequency of unprecedented climate changes and extreme weather conditions, consumers are shifting towards heavy asphalt-saturated felt to match the rising requirements in residential construction projects.
In terms of application, the roofing & tile underlayment market from the non-residential construction sector showcases a significant need for roofing underlayment in commercial and industrial infrastructure. The substantial rise in commercial refurbishment activities and maintenance requirements will foster the demand for tiling and roofing solutions. Several industrial facilities are increasingly investing in the maintenance and renovation of structures to boost productivity and prevent additional expenses.
Public agencies and governments worldwide are also empowering construction contractors to encourage nonresidential construction. As a result, several developed economies are experiencing a boom in commercial buildings. For instance, according to the American Institute of Architecture (AIA), commercial construction was estimated to surge by 5% in 2022 followed by an additional 5.5% hike in 2023.
Asia Pacific roofing & tile underlayment market size will achieve notable expansion between 2023 and 2032. Robust population growth, rapid urbanization and ongoing industrialization in China, India, and South Korea will proliferate the demand for roofing and tiling products. Moreover, APAC is home to a well-established construction sector with large local and foreign investments on account of affordable resources and labor.
The emergence of green infrastructure initiatives along with modular green roofing trends will have a positive impact on the roofing and tile underlayment industry. Rapid penetration of smart solutions and growing efforts to develop energy-efficient megacities will fuel the demand for underlayment solutions. Furthermore, technological advancements in synthetic roofing underlayment will entice builders and roofing contractors.
The competitive landscape of the roofing & tile underlayment market comprises leading players, such as Boral Limited (Westlake Corporation), Ecostar LLC, Etex, Atlas Roofing Corporation, Entegra Roof Tiles, Crown Roof Tiles, Hongbo Roof Tiles, Brava Roof Tile, IKO Industries Ltd, Ross Roof Group, Eagle Roofing, Red Land Tiles. These companies are introducing novel products to keep up with the advancements in applications.
This roofing & tile underlayment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
Market, By Product
Market, By Application
The above information has been provided on a regional and country basis