Press Releases
 
Roofing Underlying Materials Market Analysis and Forecast Study for 2016 - 2024

, 31 January 2018 -- In the coming years, the booming sector of residential construction is expected to be the chief contributor in the development of the global roofing underlying materials market. The Asia Pacific roofing underlying materials market is also projected to grow at the fastest speed when compared to the markets in other regions. This report analyzes and forecasts the market for roofing underlying materials at the global and regional level.

In the highly fragmented global roofing underlying materials market, the top five companies collectively held a meagre 13.5% of the overall market valuation in 2015, observes TMR in a recent market research report. The easy availability of raw materials, low initial investment, and a continuous rise in demand from the flourishing construction industry have encouraged the establishment of a vast number of small- and medium-sized companies globally in the past few years.

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13850

To face the competitive pressures and gain an edge, companies are focusing on the expansion of their product portfolios and development of innovative materials that can be suitably applied to more than one type of roofing systems. Funds devoted to R&D activities are also constantly being increased and expansion across emerging economies is gaining increased emphasis.

Some of the notable vendors in the market are Owens Corning, DuPont, IKO Industries Ltd., Firestone Building Products Company, and TAMKO Building Products, Inc., Carlisle, CertainTeed Corporation, and Braas Monier Building Group Services S.A.

Rapid Urbanization across Emerging Economies Central to Development of Roofing Underlying Materials

The rapid expansion of population residing in urban settings across regions such as Asia Pacific, Latin America, and parts of Middle East and Africa has led to the vast development of public and private infrastructure across the residential as well as commercial sectors in the past few years. The increasingly affluent consumer residing in urban dwellings is leading to an increased demand for new construction projects, naturally upping the consumption of a variety of roofing underlying materials. Asia Pacific is expected to solely account for over 43% in the global roofing underlying materials market by 2024.

The market for roofing underlying materials is expected to gain the most traction across developing regions such as Asia Pacific and Latin America from 2016 to 2024, with developed regions such as North America and Europe exhibiting sluggish rise in demand. The construction sector in North America and Europe has suffered considerably during the economic depression of 2008. Though the sector is steadily stabilizing and treading along a positive growth path in these regions, the number of new construction projects are still under check. Most traction for the roofing underlying materials markets in these regions will come from refurbishing and maintenance activities.

Read Report Overview @ https://www.transparencymarketresearch.com/roofing-underlying-materials-market.html

Rise in Production Costs to Hamper Market’s Overall Growth

Asphalt makes for one of the most critical raw materials for the manufacture of bituminous roofing underlying materials, which accounts for the second largest share in the global market in terms of product varieties. As a large share of industrially used asphalt is derived from oil and gas sources, its availability in the global market is largely dependent on the oil and gas industry, which is itself faced with enormous fluctuations in price and production capacities.

Thus, the continuous availability of high quality asphalt is a big challenge for the manufacturers of bituminous roofing underlying materials. The continuous rise in the cost of manufacturing techniques is also leading to a substantial rise in overall costs of roofing underlying materials. High costs of products are expected to have a sizeable impact on sales of roofing underlying materials, especially across developing regions where the consumer is quick to switch to cheaper alternatives.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:
Website: http://www.transparencymarketresearch.com

# # #


Submitted by Sandy Researcher, Transparency Market Research on Wednesday, 31 January 2018 at 3:16 PM
Category: Science & Research
 
Related News

Global Stevia Market Overview 2018: Growth, Demand and Forecast Research Report to 2023
Monday, 13 Aug 2018

Patient Registry Software Market 2023 - Key Global Trends & Growth
Friday, 10 Aug 2018

Curved Televisions Market Grow Faster Rate with Rising disposable income and increasing living stand
Wednesday, 8 Aug 2018

Online Gambling & Betting Market to Reach US$ 128.2 Bn by 2020
Wednesday, 8 Aug 2018

Glass Tableware Market Growing due to the high consumption of coffee in the U.S. Tableware segment
Wednesday, 8 Aug 2018

Related Events

Disruptive Sustainability Technologies Conference
Thursday, 23 Aug 2018

International SAP Conference for Building Materials, Prague, 2018
Tuesday, 16 Oct 2018

Future Armoured Vehicles Survivability 2018
Tuesday, 13 Nov 2018

Global Forum for Innovations in Agriculture - GFIA in Focus Australia
Tuesday, 27 Nov 2018

2019 Asia Pacific Energy Assembly and Awards Dinner
Wednesday, 30 Jan 2019

Latest News

Fertility and Pregnancy Rapid Test Kits Market to Expand with Significant CAGR During 2025
Wednesday, 15 Aug 2018

5 Finest Places to Download And Install Android Apps
Tuesday, 14 Aug 2018

Ways to Use Breast Enlargement Cream Successfully
Tuesday, 14 Aug 2018

New Physiocratic League Launches Campaign for the First Georgist Political Party in Decades
Tuesday, 14 Aug 2018

Wix donation
Tuesday, 14 Aug 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Wednesday, 15 August 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Federal Dispute Resolution Training 2018
  • SILICON VALLEY FINTECH WEEK 2018
  • Hemophilia Drug Development
  • Data Science Leaders East Coast Network
  • Sydney's Biggest Postgraduate Event - QS World Grad School Tour

  • Latest Jobs
    Sorry, there are currently no entries posted here.