Roofing Underlayment Market Growth Analysis | 2023-2028

Market Insights

The roofing underlayment market is estimated to grow at an adequate CAGR of 3.4% during 2023-2028 to reach a value of USD 8.9 billion in 2028.

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Roofing underlayment plays a vital role in roof construction by providing an additional protective layer between the roof deck and the shingles or roofing materials. Its primary purpose is to serve as a waterproof barrier, effectively preventing water infiltration and safeguarding the underlying structure against potential damage caused by leaks or moisture. Moreover, roofing underlayment enhances the overall durability and lifespan of the roof by acting as a reliable defense against wind-driven rain, ice dams, and various external elements. Additionally, it can contribute to energy efficiency by offering insulation and thermal resistance properties. Common materials used for roofing underlayment include asphalt-saturated felt, synthetic options like polyethylene or polypropylene, and rubberized asphalt membranes.

Over the years, roofing underlayment has witnessed shifts in materials, from traditional asphalt-saturated felt to synthetic options, offering improved durability and weather resistance. The introduction of self-adhesive membranes revolutionized installation methods, eliminating the need for fasteners or torches. Energy efficiency gained importance with the use of reflective underlayment and radiant barriers, reducing heat transfer and enhancing energy conservation. These historical shifts have led to advancements in performance, ease of installation, and sustainability in roofing underlayment.

Roof underlayment demand is driven by various factors, including aging construction infrastructure, a surge in housing starts, a heightened focus on energy efficiency in buildings, and a growing need for roofing solutions that provide exceptional durability and longevity. Underlayment is becoming an essential roofing accessory product across the world. Roofing underlayment trends include a strong emphasis on moisture and ice barriers with advanced waterproofing capabilities, a focus on durability and longevity through materials that can withstand harsh weather conditions, an increasing demand for energy-efficient underlayment with insulation properties, a growing interest in sustainable options, and installation advancements for eco-friendly and efficient roofing solutions.

Recent Market JVs and Acquisitions: The market has recorded a good number of M&A activities over the years. There have been some notable acquisitions over the past few years, with the acquisition of GCP Applied Technologies by Saint-Gobain in 2022 being a major one. The acquisition led to the integration of the GCP business across the CertainTeed and Chryso businesses of Saint-Gobain, with the waterproofing and specialty building materials businesses being merged with the CertainTeed business.

Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Some of the key players catering to the market are as follows:

• Owens Corning
• Saint-Gobain
• GAF
• DuPont
• Atlas Roofing
• Carlisle Companies, Inc.
• IKO Group
• Soprema SA

Segments Analysis

By Material Type

Among material types, asphalt holds a larger share of the global roof underlayment market; however, it continues to be poised to cede market share to synthetic. Among asphalt types, organic asphalt underlayment holds a larger market share in comparison to fiberglass asphalt underlayment. This is because organic asphalt contains 40% more asphalt than fiberglass, resulting in a thicker and more durable underlayment. However, it is worth noting that fiberglass underlayment is considered more environmentally friendly. Synthetic roof underlayment presents a cutting-edge substitute for traditional asphalt-based underlayment, delivering exceptional durability, moisture resistance, and performance capabilities. Its lightweight nature simplifies the installation process, and its eco-friendly composition adds to its appeal in the market.

By End-User Type

Based on the end-user type, the market is segmented into residential construction and commercial construction. Residential construction is anticipated to remain a frontrunner. Sloped roofs, commonly found in residential builds, demand underlayment solutions with specific features to ensure a seamless and effective installation process.

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By Installation Type

Based on the installation type, the market is segmented into Self-adhesive, and Mechanically Fastened. Self-adhesive underlayment dominates the market, driven by superior moisture or water resistance and enhanced durability, making it a popular choice. Furthermore, ease of installation, increasing demand for waterproof underlayment, and lightweight construction are substantiating the segment’s growth.

Regional Insights

In terms of regions, Asia-Pacific is expected to remain the largest market for roof underlayment over the forecast period. In addition to that, the region is also likely to witness the highest growth in the coming years. Major factors, such as increasing construction activities owing to rapid urbanization and industrialization, promising growth in the economy, a shift of manufacturing industries from Western Economies to Asian economies, and mandates of building and energy codes, are driving the growth of the roof underlayment market in the region. China, India, South Korea, Japan, and India are the key economies playing a vital role in the region’s market.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The roofing underlayment market is segmented into the following categories.

By Material Type

• Asphalt Roofing Underlayment
• Synthetic Roofing Underlayment

By End-Use Type

• Residential Construction
• Commercial Construction

By Installation Type

• Self-Adhesive
• Mechanically Fastened

By Construction Type

• New Construction
• Repair & Remodeling

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, South Korea, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Roofing Underlayment Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

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Company Profiling

• Detailed profiling of additional market players (up to five players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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