Roofing Underlayment Market estimated to gain high demand by 2026

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Roofing Underlayment Market Application Insights
Regional Analysis over 2020 - 2026

• Driven by increasing re-roofing activities and
  construction projects worldwide, the roofing
  underlayment market is anticipated to depict
  considerable growth through 2026. Roofing
  underlayment holds immense significance in the
  construction sector. It is particularly gaining
  traction across the U.S. as the region continues
  to experience harsh climatic conditions.
• Homeowners across the U.S. are spending heavily
  on renovating their residence interior and
  exterior, which includes replacing roofing
  material. This is expected to give a major boost
  to product demand. Furthermore, commencement of
  new residential, non-residential and commercial
  projects is anticipated to drive the roofing
  underlayment market during the forecast timespan.
  On this note, Global Market Insights, Inc.,
  estimates that the roofing underlayment market
  size may exceed USD 43.9 billion by 2026.

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• Elaborating on product type, the market for
  non-bitumen synthetic underlayment is expected to
  grow by 5.1 over the forecast period. Rising
  awareness regarding product features like
  lightweight, high strength, are resistant to
  fungal growth as well as its wrinkle free nature
  may support segment growth. Such features make
  non-bitumen synthetic underlayment more preferred
  over traditional roofing underlayment.

• The application spectrum of roofing underlayment
  market is divided into residential,
  non-residential and commercial construction. Of
  these, the commercial construction sector is
  expected to hold a market share of 24 in 2026.
  Exponential rise in urbanization and increase in
  commercial construction activities may support
  product traction in this sector. For example,
  growth in e-commerce businesses are giving a big
  boost to the warehouse construction, which in
  turn is anticipated to give a push to the
  deployment of roofing underlayment in the coming
  years.

• However, due to COVID-19 pandemic, demand from
  the construction industry is expected to be low
  in 2020. In India, the government has stopped all
  roofing and construction activities till the
  situation improves. Globally too, less cash flow
  and lack of investments have impacted product
  demand, but the market is expected to gain
  momentum as the pandemic subsides.

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• Regional Analysis

• Geographically speaking, the roofing underlayment
  market of Europe was accounted at over USD 7
  billion in 2019 and is expected to grow further
  over the forecast period given to increasing
  construction activities as well as strict
  regulations over building energy efficiency. Asia
  Pacific meanwhile has been one of the largest
  market for roofing underlayment due to growing
  urbanization.

• Competitive Analysis

• The competitive landscape of roofing underlayment
  market comprises of industry players such as
  Atlas Roofing, Braas Monier Building Group,
  DowDuPont, among others. These companies have
  been focusing on enhancing their position in the
  market by means of various tried-and-tested
  strategies such as MAs and product launches.
  Highlighting an instance, in 2020, roofing and
  waterproofing systems company, Polyglass USA
  developed a new dual-purpose roof underlayment
  called Polystick XLR that offers waterproofing as
  well as fire-resistance across high-temperature
  applications.

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