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.
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.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global roofing
membranes market.
TechSci Research
calculated global roofing membranes market size using a top-down approach, where data
for various end-user segments was recorded and forecast for the future years was made. TechSci
Research sourced these values from industry experts and company representatives
and externally validated through analyzing historical data of these product
types and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Roofing
membrane manufacturers and suppliers
- Government
and other regulatory bodies
- Trade
Associations, organizations, forums and alliances related to Roofing
Membranes
- Market
research and consulting firms
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders such as manufacturers, partners and end users. The
study would also help them in identifying which market segments should be
targeted over the coming years in order to strategize investments and
capitalize on growth of the market.
Report Scope:
In this report, global
roofing membranes market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Product Type:
- Thermoplastic
Polyolefin (TPO)
- Poly Vinyl
Chloride (PVC)
- Ethylene
Propylene Diene Monomer (EPDM)
- Modified
Bitumen (Mod-Bit)
- Liquid
Applied Membrane (LAM)
- Market, by Installation Type:
- Mechanically
Attached
- Fully
Adhered
- Ballasted
- Hot Air
Welding
- Market, by End-user Industry:
- Residential
- Institutional
- Commercial
- Infrastructure
- Market, by Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- Jordon
- Iran
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present
in global roofing membranes market.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs. The following customization options are available for the
report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com