Roofing Underlying Materials Market 2016 Share and Forecast Roofing Underlying Materials Market - Global Indus | Page 2

flourishing residential construction sector will prove to be a high-impact driver of
the global roofing underlying materials market. The revenue contribution of the
residential sector to the market will expand at a 6.0% CAGR over the period
between 2016 and 2024. Volume-wise, demand for roofing underlying materials in
the residential sector will expand at a 4.6% over the said period.
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Emerging Economies to Remain Determinants of Market’s Developmental
Prospects
Asia Pacific held a dominant share of nearly 41% in the global roofing underlying
materials market in 2015, mainly owing to the flourishing construction industry and
constantly rising numbers of new homeowners in urban parts of the region. The
market for roofing underlying materials is also expected to expand at the fastest
pace in Asia Pacific as compared to other regional markets. The market is expected
to exhibit a CAGR of 4.8% in the region over the period between 2016 and 2024.
China will continue to be the dominant country for the roofing underlying materials
market in Asia Pacific throughout the said period and will account for a nearly 58%
share in the regional market by 2024.
In regions such as Latin America and the Middle East and Africa, the markets for
roofing underlying materials will exhibit healthy growth and will benefit the most
from developments in the residential construction sector. In North America and
Europe, the mature market for roofing underlying materials is expected to exhibit
average growth between 3.3-3.5% CAGR from 2016 to 2024.
The highly fragmented competitive landscape of the global market for roofing
underlying materials features a vast number of small-, medium-, and large-sized
companies struggling to acquire a larger share in the overall pie. None of the
leading companies accounted for more than a 5% share in the global market in
2015. Some of the market’s notable players are DuPont, Duro-Last Roofing, Inc.,
Firestone Building Products Company, Atlas Roofing Corporation, Braas Monier
Building Group Services S.A., IKO Industries Ltd., TAMKO Building Products, Inc., GAF
Materials Corporation, Owens Corning, CertainTeed Corporation, and Carlisle.
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