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Roofing & Tile Underlayment Market Size
Roofing & Tile Underlayment Market will experience dynamic growth between 2024 and 2032, owing to the rising number of construction activities across emerging economies. The supportive government policies worldwide are encouraging the development of modern urban infrastructure, subsequently accelerating the demand for roofing materials and tile underlayment.
With the increasing number of construction projects, particularly in residential and commercial sectors, there is a corresponding surge in demand for underlayment materials to enhance roofing durability and longevity. Urbanization, infrastructure development, and renovation projects are further driving the need for quality underlayment solutions. Furthermore, the ongoing technological advancements in flame and water-resistance underlayment will favor 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 market expansion.
However, restraints, such as fluctuations in raw material prices, stringent building codes and regulations, coupled with the limited consumer awareness about underlayment benefits and economic downturns affecting construction activity will slow down the market expansion. Additionally, the lack of trained professionals leading to limited innovations is necessitating investments in training programs to address this bottleneck and sustain industry growth.
Roofing & Tile Underlayment Market Trends
The emergence of green infrastructure initiatives along with modular green roofing trends will have a positive impact on the industry growth. Rapid penetration of smart solutions and the growing efforts to develop energy-efficient megacities is fueling the demand for underlayment solutions. Furthermore, technological advancements in synthetic roofing underpayments, self-adhering membranes, and enhanced waterproofing capabilities will entice builders and roofing contractors, further augmenting the industry outlook.
Roofing & Tile Underlayment Market Analysis
Based on product, the asphalt-saturated felt product segment is poised to acquire a sizeable revenue share by 2032. Asphalt-saturated felt is gaining tremendous traction among construction companies credited to its cost efficiency. 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 industry from the non-residential construction segment is slated to depict considerable growth from 2024 to 2032. This is driven by the 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 also increasingly investing in the maintenance and renovation of structures to boost productivity and prevent additional expenses. Furthermore, public agencies and governments worldwide are empowering construction contractors to encourage nonresidential construction, adding to the segment growth.
Asia Pacific roofing & tile underlayment market size will achieve notable expansion between 2024 and 2032. Robust population growth, rapid urbanization, and the ongoing industrialization in China, India, and South Korea are proliferating the demand for roofing and tiling products. Additionally, the rollout of government initiatives for promoting sustainable building practices and green infrastructure is fueling the need for eco-friendly underlayment solutions. Moreover, the presence of well-established construction sector with large local and foreign investments on account of affordable resources and labor will provide potential growth opportunities for the regional industry expansion.
Roofing & Tile Underlayment Market Share
Key roofing & tile underlayment industry players are focusing on driving innovations in underlayment materials for enhanced durability and waterproofing capabilities. Strategic partnerships, marketing initiatives, and product diversification efforts are also adopted by these firms for expanding market reach and product adoption. To illustrate, Ross Roof Group emerged as a prominent industry player for offering high-quality underlayment solutions with durability, waterproofing capabilities, and innovative features.
Some of the major roofing & tile underlayment market players are -
- 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
Roofing & Tile Underlayment Industry News
- In November 2023, FP McCann established a cutting-edge concrete roof tile production facility, to deliver a wide range of concrete roofing products to the residential and commercial sectors.
- In September 2023, Westlake Royal Roofing Solutions™ launched new Unified Steel™ Cool Roof Colors, rated by the Cool Roof Rating Council (CRRC), as well as a range of energy-efficient and robust roofing options.