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Global Roofing Underlying Materials Market Report 2018-2029
Global Roofing Underlying Materials Market Report 2018-2029

Pages: 152       Published Date: Jul 04 2023       Category: Other       Report ID: HJR306899
The Roofing Underlying Materials industry plays a crucial role in the construction sector, serving as the foundation for durable and reliable roofs. These materials are used beneath the outermost layer of roofing, providing an additional layer of protection and insulation. They act as a barrier against moisture, heat, and other external elements that could potentially damage the roof structure.

In 2022, the global Roofing Underlying Materials market is expected to reach a size of US$28409.9 million, with a compound annual growth rate of 5.58%. This growth can be attributed to the increasing demand for construction and renovation projects worldwide, as well as the growing awareness of the importance of quality roofing for long-term sustainability.

Roofing Underlying Materials are primarily used in residential and non-residential buildings. In the residential sector, these materials are extensively used for new housing projects, as well as for roof replacement and repair in existing homes. The non-residential sector encompasses commercial buildings, industrial facilities, and institutional structures, where Roofing Underlying Materials are essential for ensuring durability and longevity.

The global Roofing Underlying Materials market is dominated by several major manufacturers, each contributing to the industry's growth and development. Companies such as GAF, DuPont, Carlisle, Soprema Group, Renolit, Sika, CertainTeed, Oriental Yuhong, Owens Corning, TehnoNICOL, Atlas Roofing, Hongyuan Waterproof, Fosroc, CKS, Joaboa Technology, TAMKO Building Products, Bauder, Jianguo Weiye Waterproof, Hangzhou Jinwu, Yuhong Waterproof, Polyglass, Yuwang Group, and IKO Industries are recognized for their expertise in producing high-quality Roofing Underlying Materials.

These manufacturers leverage their technological advancements, innovation, and research and development to offer a wide range of products to cater to the diverse needs of the market. They continuously strive to improve their products to ensure superior waterproofing, insulation, and energy efficiency properties.

The prospects for the Roofing Underlying Materials industry look encouraging, with a steady growth rate projected in the coming years. Factors such as population growth, urbanization, and the need for sustainable construction solutions are expected to drive the demand for Roofing Underlying Materials. Additionally, growing concerns regarding environmental impact and energy efficiency are prompting manufacturers to develop eco-friendly and energy-saving roofing products.

Furthermore, the increasing frequency of natural disasters, such as hurricanes and storms, has emphasized the importance of strong and resilient roofs. This has resulted in a heightened focus on investing in quality Roofing Underlying Materials to enhance the overall structural integrity and protect against potential damages.

To summarize, the Roofing Underlying Materials market is poised for substantial growth, underpinned by the expanding construction industry, rising demand for durable roofs, and the efforts of major manufacturers to offer innovative and sustainable solutions. As the importance of reliable and long-lasting roofing becomes increasingly recognized, the Roofing Underlying Materials industry is expected to flourish and contribute significantly to the construction sector worldwide.

The SWOT analysis of the Roofing Underlying Materials industry is as follows:

Strengths:
1. Growing demand: With the increasing construction activities and urbanization, the demand for roofing materials is expected to rise, driving the growth of the underlying materials industry.
2. Diverse product range: The industry offers a wide range of roofing underlying materials such as asphalt shingles, metal sheets, clay tiles, and synthetic materials, catering to different customer preferences and requirements.
3. Established distribution networks: The industry has well-established distribution channels, ensuring efficient supply chain management and timely delivery of roofing materials to customers.
4. Technological advancements: The industry has witnessed technological advancements in roofing materials, such as improved durability, energy efficiency, and eco-friendly options, enhancing the overall product offerings and market competitiveness.
5. Cost-effective options: There are cost-effective roofing underlying materials available, offering affordability to customers and fueling the market growth.

Weaknesses:
1. Environmental concerns: Some roofing underlying materials can have a negative impact on the environment, such as the production of greenhouse gases during manufacturing or contribution to landfill waste at the end of their lifecycle.
2. Volatile raw material prices: The industry is highly dependent on raw materials like asphalt, metal, clay, etc., and any fluctuations in the prices of these materials can affect the profitability of companies in the industry.
3. Intense competition: The industry is highly competitive, with numerous manufacturers and suppliers, leading to price wars and pressure on profit margins.
4. Dependency on construction sector: The industry's growth is closely tied to the construction sector, which can be cyclical in nature and susceptible to economic downturns. A decline in construction activities can adversely affect the demand for roofing materials.

Opportunities:
1. Sustainable and eco-friendly materials: The growing emphasis on sustainability and environmental concerns presents an opportunity for the industry to develop and promote eco-friendly roofing underlying materials, such as solar panels, green roofs, and recycled materials.
2. Retrofitting market: The retrofitting market provides potential growth opportunities for the industry, as existing buildings often require roof repairs, replacements, or upgrades.
3. International expansion: The industry has the opportunity to expand its market reach by tapping into growing construction markets in developing countries and exploring export opportunities.
4. Technological innovation: Continued technological advancements can drive the development of new and innovative roofing underlying materials, meeting evolving customer demands for energy efficiency, durability, and design flexibility.
5. Government initiatives: Government initiatives promoting energy-efficient and sustainable construction practices can create a favorable regulatory environment for the industry and drive demand for innovative roofing materials.

Threats:
1. Economic uncertainty: Any economic instability or recession can negatively impact the construction sector, leading to a decline in demand for roofing underlying materials.
2. Substitute products: The industry faces the threat of substitute products such as solar panels, which can be integrated into roofing systems and generate electricity, reducing the demand for traditional roofing materials.
3. Changing building codes and regulations: Changes in building codes and regulations relating to fire safety, sustainability, and energy efficiency can impact the industry, requiring manufacturers to adapt and modify their products accordingly.
4. Price volatility of raw materials: Fluctuations in the prices of raw materials can significantly impact the profitability of companies in the industry if they are unable to pass on the increased costs to customers.
5. Trade tariffs and barriers: Imposition of trade tariffs or import restrictions can disrupt the supply chain and increase the cost of materials, affecting the competitiveness of the industry.

Key players in global Roofing Underlying Materials market include:
GAF
DuPont
Carlisle
Soprema Group
Renolit
Sika
CertainTeed
Oriental Yuhong
Owens Corning
TehnoNICOL
Atlas Roofing
Hongyuan Waterproof
Fosroc
CKS
Joaboa Technology
TAMKO Building Products
Bauder
Jianguo Weiye Waterproof
Hangzhou Jinwu
Yuhong Waterproof
Polyglass
Yuwang Group
IKO Industries

Market segmentation, by product types:
Asphalt-Saturated Felt Roofing Underlying
Modified Asphalt Roofing Underlying
Non-bitumen Synthetic Roofing Underlying

Market segmentation, by applications:
Residential
Non-Residential

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