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Single-ply Membranes Market Trends

Statistics for the 2023 & 2024 Single-ply Membranes market trends, created by Mordor Intelligence™ Industry Reports. Single-ply Membranes trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Single-ply Membranes Industry

This section covers the major market trends shaping the Single-ply Membranes Market according to our research experts:

Thermoplastic Polyolefin (TPO) to dominate the market

  • Thermoplastic Polyolefin (TPO) is a single-ply roofing membrane that is one of the fastest-growing commercial roofing systems on the market. It is a polypropylene-based plastic and ethylene/propylene rubber material. TPO is manufactured by blending plastic and rubber. It has various advantages, such as heat weldability, ease to repair, flexibility, and white color (due to which almost 90% of the sun rays are reflected).
  • TPO can be easily installed on both low and high-slope surfaces. It has become popular because it can resist the sun's ultraviolet rays, ozone, and environmental chemicals. Owing to all these advantages, these membranes are most commonly used in roofing houses in the North American region. With the increasing construction of houses in the countries such as the United States, China, India, etc., the demand for these membranes is increasing significantly.
  • The demand for new homes in the United States has been increasing consistently over the past few years, owing to the country's growing population and rising consumer incomes. In 2021, the public sector spent nearly USD 9.3 billion on residential construction projects, a slight decrease compared to 2020. Additionally, 1,337 thousand units new housing units were completed in 2021, a 4% increase from 2020.
  • China's construction work sector is growing steadily. It reached a total output value of about USD 4.08 trillion in 2021. Due to rapid urbanization, China's construction industry generated an output of USD 4.58 trillion in 2022, exceeding its value in 2021.
  • These aforementioned trends are projected to boost the consumption of thermoplastic polyolefin in residential construction, propelling the overall market growth.
Single-ply Membranes Market - Output Value of the Construction Works, in CNY Trillion, in China, 2017-2022

North America to Dominate the Market

  • North American region dominated the global market accounting for the highest share. With the growing construction industry and the usage of lightweight and faster construction techniques in countries such as the United States, Canada, and Mexico, the demand for these roofing membranes is increasing.
  • The construction is increasing gradually year by year with the increasing number of new homes and public buildings. The United States represents the world's largest economy in the world. The residential and non-residential sectors witnessed growth due to increased private construction spending over the years.
  • Construction is a major contributor to the United States economy. The sector employs more than 7.6 million people, has over 745,000 employers, and builds structures valued at nearly USD 1.4 trillion annually.
  • In 2021, the United States construction sector was valued at around USD 1.6 trillion. It is estimated to reach over USD 2 trillion in 2025. Spending on private construction continued to grow in 2022 and was nearly four times larger than construction spending in the public sector.
  • Furthermore, commercial construction returned to pre-recession figures, with a value of USD 115 billion in 2022, following a notable decline during the recession. The most frequent kinds of commercial construction started in the United States were warehouses and private offices.
  • With the increase in demand from the residential and non-residential construction industry, the demand for single-ply membranes is expected to increase rapidly during the forecast period.
Single-ply Membranes Market - CAGR by Region, 2023-2028

Single Ply Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)