Roofing Membranes Market Size (2024 - 2029)

The roofing membranes market is anticipated to experience significant growth, driven by the increasing demand for lightweight and rapid construction materials in Europe and rising private construction spending in North America. Despite challenges posed by fluctuating raw material prices, the market is poised for expansion, with the thermoplastic polyolefin segment leading the way. The North American region, in particular, is expected to maintain its dominance due to ongoing construction activities, while the demand for cost-effective roofing solutions presents further opportunities for market growth.

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Market Size of Roofing Membranes Industry

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Roofing Membranes Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 9.06 Billion
Market Size (2029) USD 11.55 Billion
CAGR (2024 - 2029) 4.98 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Roofing Membranes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Roofing Membranes Market Analysis

The Roofing Membranes Market size is estimated at USD 9.06 billion in 2024, and is expected to reach USD 11.55 billion by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).

  • The rising adoption of lightweight materials in construction projects and increasing construction activities are the major factors driving the growth of the roofing membranes market.
  • However, fluctuating raw material prices and stringent regulations and standards are likely to hinder the growth of the market.
  • Nevertheless, the increasing demand for energy-efficient roofing membranes and advancements in technology are likely to create lucrative growth opportunities for the market during the forecast period.
  • North America dominates the roofing membranes market owing to the growing construction activities in the region.

Roofing Membranes Industry Segmentation

A roofing membrane serves as a thin, flexible layer applied to a roof deck, creating a waterproof barrier that shields the building from environmental elements. It is a critical component of a roofing system, as it prevents water from penetrating the roof and causing damage to the building's structure, walls, and interior.

The roofing membrane market is segmented by product type, installation type, application, and geography. By product type, the market is segmented into thermoplastic polyolefin, ethylene propylene diene monomer, polyvinyl chloride, modified bitumen, and other product types. By installation type, the market is segmented into mechanically attached, fully adhered, ballasted, and other installation types. By application, the market is segmented into residential, commercial, institutional, and infrastructural. The report also covers the market size and forecasts for the roofing membrane market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

By Product Type
Thermoplastic Polyolefin (TPO)
Ethylene Propylene Diene Monomer (EPDM)
Poly Vinyl Chloride (PVC)
Modified Bitumen (Mod-Bit)
Other Product Type
By Installation Type
Mechanically Attached
Fully Adhered
Ballasted
Other Installation Types
By Application
Residential
Commercial
Institutional
Infrastructural
By Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
NORDIC Countries
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
Qatar
United Arab Emirates
Nigeria
Egypt
South Africa
Rest of Middle East and Africa
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Roofing Membranes Market Size Summary

The roofing membrane market is poised for significant growth, driven by the increasing demand for lightweight and efficient construction materials, particularly in Europe and North America. The market is characterized by a diverse range of applications, with thermoplastic polyolefin (TPO) membranes leading the segment due to their cost-effectiveness. The commercial sector is a major contributor to market demand, with roofing membranes being extensively used in various structures such as factories, airports, and shopping centers. The popularity of PVC roofing systems in commercial applications is attributed to their durability, strength, and energy efficiency, making them a preferred choice in regions experiencing a surge in commercial construction, notably in Asia-Pacific and the Middle East.

North America holds a dominant position in the global roofing membrane market, fueled by robust construction activities in the United States, Canada, and Mexico. The region's growth is supported by the adoption of lightweight construction techniques and the ongoing development of high-density residential projects. In Canada, cities like Toronto and Vancouver are witnessing a construction boom, while Mexico's market is driven by post-earthquake renovations and high housing demand. The United States is also experiencing positive growth in both residential and commercial construction. Despite the fragmented nature of the market, with numerous players holding small shares, companies like Carlisle SynTec Systems, Dow, Duro-Last Inc., Firestone Building Products Company LLC, and GAF are notable participants influencing market dynamics.

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Roofing Membranes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Adoption of Lightweight Materials in Construction Projects

      2. 1.1.2 Increasing Construction Activities

      3. 1.1.3 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Fluctuating Raw Materials Prices

      2. 1.2.2 Stringent Regulations and Standards

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size by Value)

    1. 2.1 By Product Type

      1. 2.1.1 Thermoplastic Polyolefin (TPO)

      2. 2.1.2 Ethylene Propylene Diene Monomer (EPDM)

      3. 2.1.3 Poly Vinyl Chloride (PVC)

      4. 2.1.4 Modified Bitumen (Mod-Bit)

      5. 2.1.5 Other Product Type

    2. 2.2 By Installation Type

      1. 2.2.1 Mechanically Attached

      2. 2.2.2 Fully Adhered

      3. 2.2.3 Ballasted

      4. 2.2.4 Other Installation Types

    3. 2.3 By Application

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Institutional

      4. 2.3.4 Infrastructural

    4. 2.4 By Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Malaysia

        6. 2.4.1.6 Thailand

        7. 2.4.1.7 Indonesia

        8. 2.4.1.8 Vietnam

        9. 2.4.1.9 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Spain

        6. 2.4.3.6 NORDIC Countries

        7. 2.4.3.7 Turkey

        8. 2.4.3.8 Russia

        9. 2.4.3.9 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Colombia

        4. 2.4.4.4 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 Qatar

        3. 2.4.5.3 United Arab Emirates

        4. 2.4.5.4 Nigeria

        5. 2.4.5.5 Egypt

        6. 2.4.5.6 South Africa

        7. 2.4.5.7 Rest of Middle East and Africa

Roofing Membranes Market Size FAQs

The Roofing Membranes Market size is expected to reach USD 9.06 billion in 2024 and grow at a CAGR of 4.98% to reach USD 11.55 billion by 2029.

In 2024, the Roofing Membranes Market size is expected to reach USD 9.06 billion.

Roofing Membranes Market Report Snapshots

Roofing Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)