Roofing Membranes Market Size by Major Players, Trends, Key Regions and Growth Forecast to 2022-2031

“A research report on Roofing Membranes Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.

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Global Roofing Membranes Market Overview
Global roofing membranes market is projected to grow from $ 12.09 billion in 2018 to $ 21.60 billion by 2024, exhibiting a CAGR of 10.25% during the forecast period. Roofing membrane is a seal that is covered around building roofs and tanks, generally laid in big sheets. Roofing membranes market across the globe is being driven by rising demand for faster and lighter construction roofing materials and increasing expenditure on private construction, especially commercial buildings. However, fluctuating prices of raw materials are anticipated to restrain the growth of the market.

Global Roofing Membranes Market Segmentation

Global market for roofing membranes has been categorized based on product type, installation type, end-user industry and regions. Based on product type, the market has been segmented into thermoplastic polyolefin (TPO), poly vinyl chloride (PVC), ethylene propylene diene monomer (EPDM), modified bitumen (Mod-Bit) and liquid applied membrane (LAM). Ethylene propylene diene monomer (EPDM), which is a remarkably durable synthetic rubber roofing membrane, is extensively used in low-slope building applications. It is usually installed either fully adhered, ballasted or mechanically attached with the seams of the roofing system sealed with liquid adhesives or specially formulated tape. Advantages of these type of roofing membrane include easy maintenance, choice of installation methods, exceptional UV resilience and waterproof, among others. With increasing construction activities in countries like Canada, US and Mexico, demand for EPDM membranes is growing significantly. Based on installation type, the market has been segmented into mechanically attached, fully adhered, ballasted and hot air welding. Lastly, based on end-user industry, the market has been segmented into residential, institutional, commercial and infrastructure sectors.

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Global Roofing Membranes Regional Segmentation

Global roofing membranes market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Asia-Pacific roofing membranes market is expected to grow at the fastest rate during the forecast period. North America dominated global roofing membranes market in 2018 and is anticipated to continue its market dominance in coming years as well, owing to the usage of faster and lightweight construction techniques and growing construction industry in countries such as Canada, US and Mexico.

Competitive Landscape

Some of the leading companies in global roofing membranes market are SIKA AG, Carlisle SynTec Systems, DowDuPont, Duro-Last, Inc., Firestone Building Products Company, LLC., GAF, Godfrey Roofing Inc., Henry Company, Icopal Ltd., IKO Polymeric, Johns Manville, etc.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global roofing membranes market size.
• To forecast global roofing membranes market based on product type, installation type, end-user industry and regional distribution.
• To identify drivers and challenges for global roofing membranes market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global roofing membranes market.
• To conduct the pricing analysis for roofing membranes market.
• To identify and analyze the profile of leading players involved in the manufacturing of roofing membranes.

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Some of the leading players in global roofing membranes market are SIKA AG, Carlisle SynTec Systems, DowDuPont, Duro-Last, Inc., Firestone Building Products Company, LLC., GAF, Godfrey Roofing Inc., Henry Company, Icopal Ltd., IKO Polymeric, Johns Manville, etc.

SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of leading manufacturers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the manufacturers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels and presence of all major players operating in global roofing membranes market.

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