Self-adhered Roofing Membranes Market

Self-adhered Roofing Membranes Market Size and Growth Rate:

According to our research report, the Self-adhered Roofing Membranes Market Size was capitalized at USD XX Million in 2018. The Self-adhered Roofing Membranes Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.

Self-adhered roofing membranes are peel and stick type of seal that is covered around the roof of buildings. The market is driven by increasing private construction expenditure in the North America region. Growing usage in the Asia-Pacific region is likely to act as an opportunity for the market’s growth. In 2018, North America region accounted for a major share in the global market.

Self-adhered Roofing Membranes Market Growth Drivers and Restraints:

Self-adhered roofing membranes are used in the residential constructions such as single family homes, condominium, and townhouses for the effective and efficient roofing. With the rapid technological advancements, the construction infrastructure developments and maintenance activities are increasing resulting in the replacement of old materials with new ones. Since the past few years, the demand for new homes in the United States has been increasing consistently owing to the growing population and rising consumer incomes in the country. The construction of new private residential buildings in the country is increasing over the past eight years. In 2017, the new buildings put up in place has increased by 10.9% over 2016. New home sales in Canada has declined through most of 2018 after the government made it more difficult to get a mortgage and the central bank raised interest rates. However, with the 17% surge in new home sales in Toronto, Canada regained its strength in the new home sales. Due to all these factors, the demand for self-adhered roofing membranes is expected to increase during the forecast period.

Self-adhered Roofing Membranes Market Regional Analysis:

In 2017, North America region dominated the global market share. With the growing construction industry and usage of lightweight and faster construction techniques in the countries such as the United States, Canada, and Mexico, the demand for self-adhered roofing membranes is increasing in the region. Residential construction in the country is projected to have growth of almost 6% as there is an increase in the single-family housing and multiple family housing in the country. Almost 80% of the individuals prefer single-family housing as an end goal, and almost 70% of people are executing this, due to which the number of houses being constructed every year increasing. Construction spending in the country fluctuated in the last year. However, it is increasing gradually this year compared to the previous year. With the growing construction industry in the country, there is an increase in the number of new homes and public buildings. The total engineering and construction spending for the U.S. witnessed a growth of 4% in 2017 and are likely to grow at 6 percent in 2018. All the above-mentioned factors, in turn, boost the demand for self-adhered roofing membranes in the North America region during the forecast period.

Prominent Companies in the Self-adhered Roofing Membranes Market analyzed in the report are:

• APOC
• Carlisle SynTec Systems
• Firestone Building Products Company, LLC
• GAF
• Henry Company
• Icopal Ltd.
• Johns Manville
• Owens Corning
• Sika AG
• SOPREMA, Inc.

This research report includes following segmentation for the Self-adhered Roofing Membranes Market Size and forecast until 2023

Self-adhered Roofing Membranes Market - By Product Type

• Thermoplastic Polyolefin (TPO)
• Ethylene Propylene Diene Monomer (EPDM)
• Poly Vinyl Chloride (PVC)
• Modified Bitumen (Mod-Bit)
• Others

Self-adhered Roofing Membranes Market - By Application

• Residential
• Commercial
• Institutional
• Infrastructural

Self-adhered Roofing Membranes Market – By Geographical Segmentation:

• Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Rest of Asia-Pacific

• North America

  • United States
  • Canada
  • Mexico
  • Rest of North America

• Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe

• Latin America

  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Reasons to Purchase Self-adhered Roofing Membranes Market Report

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
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• Which region is expected to witness fastest growth during the forecast period?
• Identify the latest developments, market shares and strategies employed by the major market players
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