Roofing Underlayment Market Size

Roofing Underlayment Market Size

Roofing Underlayment Market size surpassed USD 25 billion in 2020 and is projected to grow at over 5.4% CAGR from 2021 to 2027. Rapidly increasing commercial, non-residential, and residential construction activities across the world will be major factors driving the industry growth. Residential construction over the last few decades has become bigger & dominant in various emerging economies and developed countries. Increasing incomes, rapid urbanization, and rapid economic growth have resulted in growing commercial construction in various countries. A rise in various sectors, such as Information Technology, e-commerce, retail, consulting, ITeS, etc., has created new opportunities for the commercial infrastructure sector.

The construction industry is growing at a significant rate, since the past few years, in developing countries. The rising population demands better infrastructural & road facilities along with housing. Furthermore, the increasing demand for better hospitals, bridges, dams, reservoirs, flyovers, and other infrastructural needs is propelling the global construction industry growth on a large scale. The use of roofing underlayment in the construction to protect buildings from water, ice, UV radiations, moisture, and other adversely affecting climatic conditions, such as wind and heavy rainfall, will further fuel the market demand.
 

Non-residential and commercial building contractors are becoming aware of the significance of roofing components in construction owing to the increase in adverse climatic conditions such as heavy rainfalls, cyclones, and increased moisture in the air across coastal areas. This trend is expected to drive the use of roofing underlayment across coastal areas in the face of hazardous climatic mishaps. The adoption of building codes by contractors to install water-resistant and flame-resistant underlayment in commercial zones is expected to further support roofing underlayment market revenue.
 

High Volatile Organic Compound (VOC) emissions associated with the manufacturing of roofing underlayment are anticipated to hamper the industry statistics. Particulate Matter (PM) and Volatile Organic Compounds (VOCs) are emitted in the atmosphere, causing moderate to severe hazards to human beings and the overall environment. With industry players becoming conscious of VOC emissions and their negative effects on the environment, manufacturers are working on improving the production of roofing underlayment, which is becoming more environmental-friendly and emitting fewer VOCs into the atmosphere.