Global Roofing Membranes Market is expected to grow at a robust CAGR
Global Roofing
Membranes Market is expected to grow owing to increasing demand for lighter and
faster construction roofing material throughout the forecast period.
According to
TechSci Research report, “Roofing
Membranes Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Roofing Membranes Market is expected to
register robust growth during the forecast period owing to growing demand for
sustainable and high-performance roofing solutions in the market. Roofing
membranes play a crucial role in ensuring the durability, protection, and
energy efficiency of buildings, making them an essential component of modern
construction projects. Moreover, the market for roofing membranes has witnessed
significant opportunities as more construction projects prioritize energy
efficiency and environmental sustainability. With an increasing emphasis on
green building practices, the adoption of roofing membranes has become more
prevalent. These membranes offer excellent insulation properties, resulting in
reduced energy consumption and contributing to overall energy efficiency.
There
has been a growing emphasis on sustainability and environmental responsibility
in the construction industry. Consequently, roofing membrane manufacturers have
been actively developing eco-friendly and recyclable roofing materials. Green
roofing membranes, crafted from recycled materials or bio-based polymers, have
garnered significant attention due to their minimized environmental impact. In
line with the escalating focus on renewable energy, roofing membranes
integrating solar panels have emerged as a prominent trend. These innovative
roofing systems seamlessly combine waterproofing functionality with solar
energy generation, empowering buildings to harness clean and sustainable
energy.
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The Global Roofing
Membranes Market is segmented based on product type, installation type,
application and region. Based on product type, the market is bifurcated into thermoplastic
polyolefin, ethylene propylene diene monomer, bitumen and others. Based on installation
type, the market is bifurcated into mechanically attached, fully adhered,
ballasted and others. Based on application, the market is bifurcated into residential,
commercial, institutional and infrastructural. Based on region, the market is
further bifurcated into North America, Asia-Pacific, Europe, South America,
Middle East & Africa.
Based on product
type,
the Bitumen segment
is expected to dominate the market during the forecast period. Bitumen
possesses inherent waterproofing qualities, rendering it a highly effective
material for shielding buildings against water infiltration. The low
permeability of bitumen roofing membranes ensures a watertight seal,
effectively safeguarding the building's interior from leaks and moisture
damage. Renowned for their durability and extended service life, properly
installed and well-maintained bitumen roofs can endure for decades, offering a
cost-effective roofing solution for building owners. Modified bitumen membranes
exhibit exceptional UV resistance, which aids in prolonging the roofing
system's lifespan and ensuring optimal performance even when exposed to
prolonged sunlight. Bitumen roofing membranes enjoy widespread usage across
various global regions, particularly in areas characterized by specific climate
conditions, such as hot summers or cold winters. The bitumen roofing membranes
market is highly competitive, with numerous manufacturers offering a diverse
range of products to cater to the diverse needs and market segments of
customers.
Based on application,
Commercial segment is projected to dominate the market throughout the forecast
period. The commercial segment plays a critical and significant role in the
global roofing membranes market. It encompasses a diverse range of structures,
including offices, retail spaces, warehouses, industrial facilities,
educational institutions, healthcare facilities, and more. Roofing membranes
are essential for safeguarding these commercial properties from the elements,
providing waterproofing, insulation, and weather resistance. The integration of
various accessories and systems, such as rooftop HVAC units, solar panels,
skylights, and safety equipment, is often involved in commercial roofing. It is
crucial for the roofing membranes to be compatible with these elements to
ensure a seamless and functional roofing system. In addition, commercial
building owners prioritize roofing membranes that offer design flexibility and
customization options to align with the building's aesthetics and architectural
requirements. Moreover, roofing membranes are also utilized in retrofit and
reroofing applications, where the existing roof requires refurbishment or
replacement. Membranes that facilitate overlay installations can significantly
reduce installation time and minimize disruption to building operations.
Key market
players in the Global Roofing Membranes Market are:-
- GAF Materials Corporation
- Atlas Roofing Corporation
- TAMKO Building Products, Inc.
- CSR Ltd.
- Carlisle Companies Inc.
- Crown Building Products LLC
- Metal Sales Manufacturing Corporation
- Wienerberger AG
- CertainTeed Corporation
- Fletcher Building Limited
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“North America
plays a pivotal role in the global roofing membranes market. It stands as one
of the largest and most established markets for roofing membranes, driven by
factors such as a robust construction industry, technological advancements,
evolving building codes, and an increasing emphasis on sustainability and
energy efficiency. The North American market particularly thrives in retrofit
roofing projects, where older buildings undergo roof refurbishments or
replacements. In such retrofit applications, roofing membranes that facilitate
overlay installations are preferred to minimize disruption and installation
time.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Roofing
Membranes Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028, Segmented By Product
Type (Thermoplastic Polyolefin, Ethylene Propylene Diene Monomer, Bitumen and
Others), By Installation Type (Mechanically Attached, Fully Adhered, Ballasted
and Others) By Application (Residential, Commercial, Institutional and
Infrastructural), By Region,”
has evaluated the future growth potential of Global Roofing
Membranes Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Roofing
Membranes Market.
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