Global Roofing Membranes Market Size By Product (Thermoplastic Polyolefin (TPO), Ethylene Propylene Diene Monomer (EPDM)), By Installation Type (Mechanically Attached, Fully Adhered), By End-User (Residential, Commercial), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Roofing Membranes Market Size By Product (Thermoplastic Polyolefin (TPO), Ethylene Propylene Diene Monomer (EPDM)), By Installation Type (Mechanically Attached, Fully Adhered), By End-User (Residential, Commercial), By Geographic Scope And Forecast
Roofing Membranes Market Size And Forecast
Roofing Membranes Market size was valued at USD 19.5 Billion in 2024 and is projected to reach USD 38.86 Billion by 2031, growing at a CAGR of 9% during the forecasted period 2024 to 2031.
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Global Roofing Membranes Market Definition
The Global Roofing Membranes Market is the market for materials that protect roofs from water, wind, and other elements. Roofing membranes typically contain bitumen, EPDM, PVC, or TPO. They are either sheet-based or liquid-applied. The “Global Roofing Membranes Market” refers to the worldwide industry segment focused on manufacturing, distributing, and utilizing specialized roofing materials known as roofing membranes. These membranes are designed to provide a durable and weather-resistant barrier for various roofs in residential, commercial, industrial, and institutional buildings. The market encompasses a range of roofing membrane types, materials, and technologies that contribute to effective roofing solutions.
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Global Roofing Membranes Market Overview
The Global Roofing Membranes Market is a segment within the construction and building materials industry that focuses on the production, distribution, and application of specialized roofing membranes. These membranes are essential components in modern construction, providing waterproofing, weatherproofing, and insulation for a variety of building types and structures. The market encompasses a wide range of materials, technologies, and solutions to meet diverse roofing needs. The market offers a variety of roofing membranes, each tailored to specific applications and requirements. These include thermoplastic (PVC, TPO), bituminous (APP, SBS), EPDM, and other membrane types. Roofing membranes are used in various roofing systems, such as flat roofs, sloped roofs, green roofs, and more. They cater to residential, commercial, industrial, and institutional buildings.
Roofing membranes provide resistance against weather elements such as UV radiation, temperature fluctuations, and wind. Some membranes are designed with reflective properties to reduce heat absorption, contributing to energy efficiency and cooling cost reduction in buildings. The roofing industry is embracing technology, including digital tools for design and modeling, as well as innovations in membrane materials and installation methods. Urbanization, population growth, infrastructure development, and increasing awareness of energy efficiency and sustainability are driving the demand for roofing membranes.
Growing interest in sustainable practices has led to increased adoption of green roofs, where roofing membranes play a crucial role in supporting vegetation and managing water runoff. The integration of sensors and monitoring systems into roofing membranes allows for real-time tracking of roof conditions, contributing to maintenance efficiency. Ongoing research is focused on creating roofing membrane materials that offer improved durability, flexibility, and resistance to weathering. Digital tools for designing, modeling, and simulating roofing systems are becoming more integral to the industry’s workflows.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Roofing Membranes Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Roofing Membranes Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Roofing Membranes Market Segmentation Analysis
The Global Roofing Membranes Market is Segmented on the basis of Product Type, Installation Type, End-User, and Geography.
Roofing Membranes Market, By Product
- Thermoplastic Polyolefin (TPO)
- Ethylene Propylene Diene Monomer (EPDM)
- Poly Vinyl Chloride (PVC)
- Modified Bitumen (Mod-Bit)
- Others
Based on Product, The market is segmented into Thermoplastic Polyolefin (TPO), Ethylene Propylene Diene Monomer (EPDM), Poly Vinyl Chloride (PVC), Modified Bitumen (Mod-Bit), and Others. TPO is a single-ply membrane made from a blend of polypropylene and ethylene-propylene rubber. It offers excellent UV resistance, heat-weldable seams, and energy-efficient properties due to its reflective surface.EPDM roofing membranes are made from a synthetic rubber material known for its durability and weather resistance. EPDM membranes are commonly used in low-slope and flat roofing systems. They are known for their flexibility and longevity. PVC roofing membranes are single-ply membranes made from a thermoplastic material.
PVC membranes offer good resistance to chemicals, UV radiation, and fire. They are also known for their ease of installation and energy efficiency due to their reflective properties. Modified bitumen roofing membranes are asphalt-based membranes that have been modified with polymers for improved performance. They can be torch-applied, self-adhered, or cold-applied. Mod-bit membranes are often used in both residential and commercial roofing projects. The “Others” category likely includes additional types of roofing membrane materials that are not specifically categorized as TPO, EPDM, PVC, or mod-bit. This could potentially include specialized or niche membrane types that might be emerging or less common in the market.
Roofing Membranes Market, By Installation Type
- Mechanically Attached
- Fully Adhered
- Ballasted
- Others
Based on Installation Type, The market is segmented into Mechanically Attached, Fully Adhered, Ballasted, and Others. They are the most common type of roofing membrane and are used in a variety of applications. These membranes are applied to the roof deck and then adhered using a bonding agent. They are more expensive than mechanically attached membranes, but they are also more durable and offer better protection from water and wind. They are used in applications where wind uplift is a concern. This category includes roofing membranes that are installed using other methods, such as spray-applied membranes.
Roofing Membranes Market, By End-User
- Residential
- Commercial
- Institutional
- Infrastructural
Based on End-User, The market is segmented into Residential, Commercial, Institutional, and Infrastructural. Roofing membranes are used in a variety of residential applications, such as single-family homes, apartments, and townhouses. Because there are so many residential buildings worldwide, the residential market segment is the largest. Office buildings, retail establishments, and warehouses are just a few of the commercial settings where roofing membranes are used.
The second-largest market category is the commercial sector, which is a result of the rise in the number of commercial buildings worldwide. Roofing membranes are used in a variety of institutional applications, such as schools, hospitals, and government buildings. The institutional segment is the third-largest market segment, due to the need for durable and long-lasting roofing solutions in these applications. Roofing membranes are used in a variety of infrastructural applications, such as bridges, tunnels, and airports. The infrastructural segment is the smallest market segment, but it is expected to grow at the fastest rate during the forecast period.
Roofing Membranes Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the basis of Regional Analysis, the Global Roofing Membranes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America encompasses the United States and Canada. Factors such as climate diversity, energy efficiency regulations, and sustainability initiatives influence the choice of roofing materials. High demand for energy-efficient roofing solutions, including reflective membranes, is a notable trend in this region. Europe includes countries within the European Union and beyond. European nations often prioritize sustainable building practices and energy efficiency.
Roofing membranes that contribute to green building certifications and energy savings are sought after. The use of cool roofing solutions is prominent in southern European countries with warmer climates. The Asia Pacific region, including countries like China, India, Japan, and Australia, experiences rapid urbanization and infrastructure development. The growing construction sector drives the demand for roofing membranes. Local factors such as monsoons and typhoons impact material choices. Energy efficiency and sustainable building practices are gaining traction in this region as well.
Key Players
The “Global Roofing Membranes Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Carlisle Companies Inc. (US), GAF Materials Corporation (US), Firestone Building Products Company LLC (US), Soprema Group (France), IKO Industries Inc. (Canada), CertainTeed Corporation (US), Johns Manville Corporation (US), Duro-Last Roofing Systems (US), Henry Company (US), Icopal (Finland).
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- May 2020, In the most recent issue of the Building Research and Information magazine, significant research on the testing methods for non-bitumen-coated roofing membranes was released. This method paper, titled “Method for evaluating the snagging propensity of roofing membranes in buildings by roosting bats,” enables independent testing of roofing membranes to determine which roofing membranes provide the least risk to bats where they are or may be present.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Carlisle Companies Inc. (US), GAF Materials Corporation (US), Firestone Building Products Company LLC (US), Soprema Group (France), IKO Industries Inc. (Canada), CertainTeed Corporation (US), Johns Manville Corporation (US), Duro-Last Roofing Systems (US), Henry Company (US), Icopal (Finland). |
SEGMENTS COVERED | By Product, By Installation Type, By End-User, And By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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