[FURL=https://www.industryarc.com/Research/Self-adhered-Roofing-Membranes-Market-Research-503071?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Self-adhered Roofing Membranes Market[/FURL] size is forecasted to grow at a CAGR of 4.6% during 2021-2026. It is widely used in residential applications such as roof covering and underlayment. Self-adhered roofing system is one of the most cost-effective and environment-friendly roofing systems. Self-adhering roofs are green for a few reasons such as they do not contain volatile organic compounds and fully recyclable. In addition, self-adhered roofing would not retain extreme heat or cold, which gives a break to heating system and air conditioning systems. Self-adhered roofing is completed with no fumes, which makes them relatively safe to use at residential and commercial buildings.Key Takeaways
North America dominates the self-adhered roofing membranes market owing to increasing infrastructural development such as residential construction, affordable housing, and new institutes in United States, Mexico, and Canada.
Increasing adoption of modified bitumen as it can be recycled and reused for road construction.
Increasing demand for self-adhered roofing due to their specialties such as cost-effectiveness and excellent weather resistance will increase demand for the self-adhered roofing membranes market.
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Self-adhered Roofing Membranes Market Segment Analysis – By Geography
North America dominated the self-adhered roofing membranes market with more than 30% in 2020 due to the growing construction activities in the countries such as the United States and Canada. The housing market plays an important role in the U.S. economy. According to the US Census Bureau, building permits in the United States increased 0.3 percent to an adjusted annual rate of 1.76 million in April 2021 from 1.75 million in March 2021. Furthermore, according to the Canadian Mortgage and Housing Corporation (CMHC), Canadian housing starts rose 21.6% in March as compared with February 2021. Thus, residential and commercial construction in the region is projected to drive self-adhered roofing membranes market.
Self-adhered Roofing Membranes Market Drivers
Robust Growth in Building & Construction Sector
Self-adhered Roofing Membranes Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the self-adhered roofing membranes market. Major players in the Self-adhered Roofing Membranes Market are APOC, Carlisle SynTec Systems, Firestone Building Products Company LLC,GAF
Henry Company, Icopal Ltd (BMI Group), Johns Manville, Owens Corning, Sika AG, Soprema Inc. and among others.
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