Skip to main content

Roofing underlying materials market research reports and trends 2024

After the rough development period because of the economic meltdown of 2008 that was experienced by the developed economies all across the world, the need for a wide range of materials for roofing underlying has gained positive traction. The global roofing underlying market is on the brink of a major transformation as the developing nations are occupying key positions in the market. The boom in construction industry and consistent rise in new construction projects in the developing regions are also expected to play a significant role in the development of the global roofing underlying materials market. On the other hand, the market growth in the established economies is projected to be stimulated by increasing activities of refurbishing and maintenance.

The global roofing underlying materials market stood at the overall valuation of US$27.99 bn in the year 2015. Over the course of the mentioned forecast period of 2016 to 2024 the global market for roofing underlying materials is estimated to reach an overall valuation of US$45.16 bn. This growth in the market is expected to be achieved at a stable CAGR of 5.5% during the aforementioned forecast period of 2017 to 2025.
Applications in Non-Residential Segment to Remain Vital Contributor for Global Roofing Underlying Materials Market
The non-residential segment is currently the biggest contributor to the global market for roofing underlying materials. The non-residential segment accounted for a market share of almost 44% in the international market in the year 2015. However, it is projected that the sector will see a decline in its attractiveness to the residential segment and may record a slight cut down in the overall market share over the course of the forecast period of 2016 to 2024. Increasing demand for a wide range of roofing underlying materials in the commercial segment is expected to be chiefly driven by a constant rise in maintenance and replacement activities in the aftermath of recent economic turmoil. Economies that are gaining stability are now enabling the commercial segment to pick up the formerly discarded replacement projects.
On the other side, the huge growth in the residential construction projects, especially in the emerging economies like India, China, Indonesia, Costa Rica, and Malaysia, mainly because of rapid urbanization and strengthening of economy has propelled the requirement for a wide range of roofing materials in the last few years. In the coming years, the booming sector of residential construction is expected to be the chief contributor in the development of the global roofing underlying materials market. The revenue generation of the residential segment to the global market is estimated to expand at a CAGR of 6.0% over the aforementioned forecast period of 2016 to 2024. The volume-wise need in the residential segment for roofing underlying materials is estimated to grow at CAGR of 4.6% over the mentioned forecast period.
Get PDF Brochure of Report – https://goo.gl/9XTWhr
Emerging Economies in Asia Pacific to Keep Motivating Market Growth
Asia Pacific was the most dominating geographical region in the global market for roofing underlying materials in the year 2015. This was mainly because of rapidly developing construction sector and ever increasing number of fresh homeowners in the urban areas of the region. The Asia Pacific roofing underlying materials market is also projected to grow at the fastest speed when compared to the markets in other regions. The market in Asia Pacific is estimated to show a CAGR of 4.8% during the course of the forecast period of 2016 to 2024. China is expected to continue its dominance in the regional market of Asia Pacific over the complete forecast period and is estimated to account for almost 58% of overall market share in the region by the fall of 2024.
Other regional markets such as the Middle East and Africa and Latin America are also expected to show a healthy growth and will benefit from overall developments in the residential construction segment.
Some of the prominent players in the global hyperconverged integrated market includes names such as Atlas Roofing Corporation, DuPont, Firestone Building Group Services S.A., Duro-Last Roofing Inc., GAF Materials Corporation, CertainTeed Corporation, Owens Corning, Carlisle, IKO Industries Ltd., and TAMKO Building Products Inc.
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more