Roofing Membrane Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Roofing Membrane Market Analysis
The roofing membranes market is expected to register a CAGR of above 9% during the forecast period. The major factors driving the growth of the market studied are the increasing demand for lighter and faster construction roofing materials in the European region, and increasing private construction expenditure in the North American region. On the flipside, fluctuating prices of raw materials is likely to hamper the growth of the market studied.
- The thermoplastic polyolefin (TPO) segment dominated the marketand is likely to grow during the forecast period.
- The growing demand for cost-effective roofing membranes is likely to provide opportunities for the studied market during the forecast period.
- North America dominated the market across the worlddue to the growing construction activities in the region.
Roofing Membrane Market Trends
This section covers the major market trends shaping the Roofing Membranes Market according to our research experts:
Commercial Segment to Dominate the Market Demand
- Roofing membranes are extensively used in the commercial segment, where the demand is majorly driven by increasing commercial construction across the world.
- They membranes find application in commercial areas, ranging from factories, railway stations, airports, company headquarters, shopping centers, theaters, schools, hospitals, etc.
- PVC roofing is widely popular for commercial roofing applications due to its attractive properties, such as its strength, durabilityand lack of water permeability.
- PVC roofing systems can withstand up to 300 pounds per inch, which is100 pounds per inch heavier than the industry-recommended 200 PPI.
- PVC is also more energy efficient due to its white color. With a life-span of 15 to 30 years, italso offers the longevity benefit.
- With the growing commercial construction, majorly in the Asia-Pacificand Middle Eastern countries, the demand for roofing membrane for commercial application is expected to increase in these regions.
Understand The Key Trends Shaping This Market
North America to Dominate the Market
- North America dominated the global market share. The usage of lightweight and faster construction techniques in countries, such as the United States, Canada, and Mexico, has increased the demand for the roofing membranes significantly in the region.
- In Canada, two of the three largest cities became hotspots for construction. The construction activities have been booming again in Toronto and Vancouver. Developers' outlook regarding good returns on investment, particularly with high-density residential projects, has been driving the construction activities in the country.
- In Mexico, the renovation of affected properties due to the earthquake in 2017, and now, high housing demand is driving the growth of the construction sector.
- In the United States, residential construction is witnessing positive growth from the last few years. Residential construction in the United States witnessed a slow growth in the recent past, but it is likely to increase at a higher rate over the forecast period.
- According to the US Census Bureau, commercial construction in the United States is also witnessing positive growth.
- Hence, with such a positive scenario of the construction market, and the growing adoption of lightweight materials in construction projects, the demand for roofing membranes is projected to increase in the region during the forecast period.
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Roofing Membrane Industry Overview
The roofing membranes market is a fragmented market, where numerous players holding a insignificant share of the market affect the market dynamics individually. Some of the noticeable players in the market include Carlisle SynTec Systems, Dow, Duro-Last Inc., Firestone Building Products Company LLC, and GAF, amongst others.
Roofing Membrane Market Leaders
Carlisle SynTec Systems
Dow
Duro-Last, Inc.
Firestone Building Products Company LLC
GAF
*Disclaimer: Major Players sorted in no particular order
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Roofing Membrane Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for Lighter and Faster Construction Roofing Materials in the European Region
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4.1.2 Increasing Private Construction Expenditure in the North American Region
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4.2 Restraints
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4.2.1 Fluctuating Prices of Raw Materials
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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4.5 Roofing Membrane's Cost Analysis
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Thermoplastic Polyolefin (TPO)
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5.1.2 Ethylene Propylene Diene Monomer (EPDM)
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5.1.3 Poly Vinyl Chloride (PVC)
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5.1.4 Modified Bitumen (Mod-Bit)
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5.1.5 Other Product Type
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5.2 Installation Type
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5.2.1 Mechanically Attached
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5.2.2 Fully Adhered
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5.2.3 Ballasted
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5.2.4 Other Installation Types
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5.3 Application
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5.3.1 Residential
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5.3.2 Commercial
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5.3.3 Institutional
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5.3.4 Infrastructural
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 France
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle East & Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Carlisle SynTec Systems
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6.4.2 Dow
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6.4.3 Duro-Last Inc.
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6.4.4 Firestone Building Products Company LLC
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6.4.5 GAF
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6.4.6 Godfrey Roofing Inc.
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6.4.7 Henry Company
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6.4.8 Icopal Ltd
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6.4.9 IKO Polymeric
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6.4.10 Johns Manville
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6.4.11 Kingspan Group
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6.4.12 Owens Corning
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6.4.13 pH plastics
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6.4.14 Sika AG
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6.4.15 Siplast
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand for Cost-effective Roofing Membranes
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Roofing Membrane Industry Segmentation
The roofing membranes market report includes:
| Product Type | |
| Thermoplastic Polyolefin (TPO) | |
| Ethylene Propylene Diene Monomer (EPDM) | |
| Poly Vinyl Chloride (PVC) | |
| Modified Bitumen (Mod-Bit) | |
| Other Product Type |
| Installation Type | |
| Mechanically Attached | |
| Fully Adhered | |
| Ballasted | |
| Other Installation Types |
| Application | |
| Residential | |
| Commercial | |
| Institutional | |
| Infrastructural |
| Geography | |||||||
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Roofing Membrane Market Research FAQs
What is the current Roofing Membranes Market size?
The Roofing Membranes Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Roofing Membranes Market?
Carlisle SynTec Systems, Dow, Duro-Last, Inc., Firestone Building Products Company LLC and GAF are the major companies operating in the Roofing Membranes Market.
Which is the fastest growing region in Roofing Membranes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Roofing Membranes Market?
In 2024, the North America accounts for the largest market share in Roofing Membranes Market.
What years does this Roofing Membranes Market cover?
The report covers the Roofing Membranes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Roofing Membranes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Roofing Membranes Industry Report
Statistics for the 2024 Roofing Membranes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Roofing Membranes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Roofing Membranes Market Report Snapshots
