Global Self-adhered Roofing Membranes Market Size - Segmented by Product Type (TPO, EPDM, PVC, Modified Bitumen), Application (Residential, Commercial, Institutional, Infrastructural), and Geography - Growth, Trends, and Forecast (2022 - 2030)

The self-adhered roofing membranes market is expected to register healthy growth during the forecast period. Self-adhered roofing membranes are peel and stick type of seal that is covered around the roof of buildings. The market is driven by increasing private construction expenditure in the North America region. Growing usage in the Asia-Pacific region is likely to act as an opportunity for the market’s growth. In 2017, North America region accounted for a major share in the global market.

Increasing Private Construction Expenditure in the North America Region
The residential and non-residential construction in the United States has increased significantly by 2017. The residential construction in 2016 and 2017 has increased y-o-y by 10.52% and 10.58% respectively. Institutional constructions are expected to dominate the market growth with a 6% rise in 2018. Hotels and other non-residential buildings are expected to decline in 2018 after a couple of healthy years in 2016 and 2017. Office constructions driven by a stronger economy and improved employment conditions is projected to register a growth of 6%. In Canada, the investments in private sector witnessed a moderate growth in 2017. New housing constructions registered a 0.2% growth in 2017 over 2016. The private construction expenditure in the country is increasing with the ongoing and upcoming private construction projects. Recently, CIBC Square Office Building project has started in Toronto valued at USD 350 million, and it is now taking shape. All the factors mentioned above increases the private construction in the North America region, in turn, expected to drive the market for self-adhered roofing membranes during the forecast period.

Increasing Demand from Residential Construction
Self-adhered roofing membranes are used in the residential constructions such as single family homes, condominium, and townhouses for the effective and efficient roofing. With the rapid technological advancements, the construction infrastructure developments and maintenance activities are increasing resulting in the replacement of old materials with new ones. Since the past few years, the demand for new homes in the United States has been increasing consistently owing to the growing population and rising consumer incomes in the country. The construction of new private residential buildings in the country is increasing over the past eight years. In 2017, the new buildings put up in place has increased by 10.9% over 2016. New home sales in Canada has declined through most of 2018 after the government made it more difficult to get a mortgage and the central bank raised interest rates. However, with the 17% surge in new home sales in Toronto, Canada regained its strength in the new home sales. Due to all these factors, the demand for self-adhered roofing membranes is expected to increase during the forecast period.

North America Region Tops in the Consumption of Self-adhered Roofing Membranes
In 2017, North America region dominated the global market share. With the growing construction industry and usage of lightweight and faster construction techniques in the countries such as the United States, Canada, and Mexico, the demand for self-adhered roofing membranes is increasing in the region. Residential construction in the country is projected to have growth of almost 6% as there is an increase in the single-family housing and multiple family housing in the country. Almost 80% of the individuals prefer single-family housing as an end goal, and almost 70% of people are executing this, due to which the number of houses being constructed every year increasing. Construction spending in the country fluctuated in the last year. However, it is increasing gradually this year compared to the previous year. With the growing construction industry in the country, there is an increase in the number of new homes and public buildings. The total engineering and construction spending for the U.S. witnessed a growth of 4% in 2017 and are likely to grow at 6 percent in 2018. All the above-mentioned factors, in turn, boost the demand for self-adhered roofing membranes in the North America region during the forecast period.

Key Developments in the Self-adhered Roofing Membranes Market
June 2017: Sika AG unveiled its new Sarnafil G 410 Self-Adhered Membrane, the industry’s first PVC peel and stick roofing membrane which is a cost-effective roof membrane providing all of the benefits of a Sarnafil adhered roofing system without the disturbance and confusion of liquid adhesives.

Self-adhered Roofing Membranes Market Major Players
Sika AG
GAF
Johns Manville
Owens Corning

Reasons to Purchase Self-adhered Roofing Membranes Market Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market share, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)

Customize Self-adhered Roofing Membranes Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.