In the highly fragmented global roofing underlying
materials market, the top five companies collectively held a meagre
13.5% of the overall market valuation in 2015, observes TMR in a
recent market research report. The easy availability of raw
materials, low initial investment, and a continuous rise in demand
from the flourishing construction industry have encouraged the
establishment of a vast number of small- and medium-sized companies
globally in the past few years.
Browse Market Research Report @
To face the competitive pressures and gain an edge,
companies are focusing on the expansion of their product portfolios
and development of innovative materials that can be suitably applied
to more than one type of roofing systems. Funds devoted to R&D
activities are also constantly being increased and expansion across
emerging economies is gaining increased emphasis.
Some of the notable vendors in the market are Owens
Corning, DuPont, IKO Industries Ltd., Firestone Building Products
Company, and TAMKO Building Products, Inc., Carlisle, CertainTeed
Corporation, and Braas Monier Building Group Services S.A.
Rapid Urbanization across Emerging Economies
Central to Development of Roofing Underlying Materials
The rapid expansion of population residing in urban
settings across regions such as Asia Pacific, Latin America, and
parts of Middle East and Africa has led to the vast development of
public and private infrastructure across the residential as well as
commercial sectors in the past few years. The increasingly affluent
consumer residing in urban dwellings is leading to an increased
demand for new construction projects, naturally upping the
consumption of a variety of roofing underlying materials. Asia
Pacific is expected to solely account for over 43% in the global
roofing underlying materials market by 2024.
The market for roofing underlying materials is
expected to gain the most traction across developing regions such as
Asia Pacific and Latin America from 2016 to 2024, with developed
regions such as North America and Europe exhibiting sluggish rise in
demand. The construction sector in North America and Europe has
suffered considerably during the economic depression of 2008. Though
the sector is steadily stabilizing and treading along a positive
growth path in these regions, the number of new construction projects
are still under check. Most traction for the roofing underlying
materials markets in these regions will come from refurbishing and
maintenance activities.
Fill the form for an exclusive sample of this
report @
Rise in Production Costs to Hamper Market’s
Overall Growth
Asphalt makes for one of the most critical raw
materials for the manufacture of bituminous roofing underlying
materials, which accounts for the second largest share in the global
market in terms of product varieties. As a large share of
industrially used asphalt is derived from oil and gas sources, its
availability in the global market is largely dependent on the oil and
gas industry, which is itself faced with enormous fluctuations in
price and production capacities.
Thus, the continuous availability of high quality
asphalt is a big challenge for the manufacturers of bituminous
roofing underlying materials. The continuous rise in the cost of
manufacturing techniques is also leading to a substantial rise in
overall costs of roofing underlying materials. High costs of products
are expected to have a sizeable impact on sales of roofing underlying
materials, especially across developing regions where the consumer is
quick to switch to cheaper alternatives.
Non-bitumen Synthetic Roofing Underlying Materials
to Retain Dominance
Transparency Market Research states that the global
roofing underlying materials market will expand at a healthy 5.5%
CAGR over the period between 2016 and 2024. The market held an
opportunity of US$27.99 bn in 2015 and is expected to rise to
US$45.16 bn by 2024. In terms of product type, the segment of
non-bitumen synthetic roofing underlying materials accounted for a
share of over 35% in terms of volume in the global market in 2015.
Get Request For Discount On This Report @
This segment is also expected to remain the dominant
product segment from 2016 to 2024. In terms of application, the
non-residential sector dominated in 2015, accounting for nearly 44%
in the global market in 2015.
This review is based on a recent market research
report published by Transparency Market Research, titled “Roofing
Underlying Materials Market – Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2016–2024.”
For this report, the market is segment as follows:
Roofing Underlying Materials Market: Product
Segment Analysis
- Asphalt-saturated Felt
- Rubberized Asphalt
- Non-bitumen Synthetic
Roofing Underlying Materials Market: Application
Segment Analysis
- Residential
- Commercial
- Non-residential
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Visit Blog :
http://depthresearchreport.blogspot.in/
No comments:
Post a Comment