Roofing Membranes Market Size, Competitive Landscape and Market Forecast - 2030

The global Roofing Membranes Market is segmented By Installation Type (Fully Adhered, Ballasted, Hot Air Welding, Mechanically Attached), By Application (Commercial, Residential), By Product Type (Ethylene Propylene Diene Monomer, Liquid Applied Membrane, Modified Bitumen, Thermoplastic Polyolefin, Poly Vinyl Chloride, Synthetic Rubber), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Roofing Membranes Market Overview

The global roofing membranes market size reached USD 16.1 billion in 2022 and is expected to reach USD 26.8 billion by 2030. The market is growing at a CAGR of 9.4% during the forecast period 2023-2030. Roofing membranes play a vital role in ensuring the durability, protection, and energy efficiency of buildings.

As the demand for sustainable and high-performance roofing solutions continues to rise, the global roofing membranes market has witnessed substantial market opportunities in recent years. 

With the increasing focus on energy efficiency and environmental sustainability, more and more construction projects are incorporating roofing membranes into their designs thereby introducing an increasing trend into the global roofing membranes market. On a deeper analysis of the market, ethylene propylene diene monomer (EPDM) occupies a major share of around 24% in the product segment. Similarly, Asia-Pacific is the fastest-growing region with over 32% of the market share.

Roofing Membranes Market Scope and Summary

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Roofing Membranes Market Dynamics and Trends

The Increasing Emphasis On Energy Efficiency In Building Construction

One of the primary drivers of the market is the increasing emphasis on energy efficiency in building construction. According to the International Energy Agency (IES), buildings account for approximately 36% of global final energy consumption, making them a significant target for energy efficiency measures. As a result, government initiatives globally, aimed at reducing energy consumption and promoting sustainable practices, have led to a surge in demand for energy-efficient roofing solutions. 

For instance, the U.S. Environmental Protection Agency (EPA) promotes the ENERGY STAR program, which certifies energy-efficient products, including roofing membranes. Thus, as governments around the world are introducing regulations and incentives to encourage the use of energy-efficient roofing membranes, the demand for roofing membranes is expected to grow driving the market growth.

The Increasing Stringency of Environmental Regulations and Growing Sustainability Concerns

One of the primary restraints faced by the roofing membranes market is the increasing stringency of environmental regulations and growing sustainability concerns. Governments across the globe are implementing stricter regulations to reduce carbon emissions, promote energy efficiency and encourage the use of sustainable materials. The regulations often require roofing membranes to meet specific performance criteria, including improved insulation properties and reduced environmental impact. 

For instance, the European Union (EU) has introduced the Energy Performance of Buildings Directive (EPBD), which aims to improve the energy efficiency of buildings. The directive has led to a higher demand for roofing membranes with enhanced thermal insulation properties. Thus, the increasing stringency of environmental regulations and growing sustainability concerns can hamper the market by posing challenges for manufacturers in terms of product development and compliance.

Roofing Membranes Market Segment Analysis

The global roofing membranes market is segmented based on installation, application, product and region.

The Durability, Weather Resistance, And Cost-Effectiveness Of Ethylene Propylene Diene Monomer In Construction

The ethylene propylene diene monomer (EPDM) segment in the global roofing membranes market has experienced substantial growth in recent years. EPDM roofing membranes are widely recognized for their durability, weather resistance and cost-effectiveness, making them a popular choice for construction projects globally. 

According to data from U.S. Geological Survey (USGS), the global production of EPDM rubber increased steadily in recent years. In 2019, the global production of EPDM rubber reached approximately 1.5 million metric tons, showcasing a positive growth trend. The respective increase in production reflects the growing demand for EPDM-based products, including roofing membranes, in the construction industry.

Source: DataM Intelligence Analysis (2023)

Roofing Membranes Market Geographical Penetration

Rapid Urbanization and Increasing Construction Activities In Asia-Pacific

The Asia-Pacific has witnessed substantial growth in the roofing membranes market due to various factors such as the region's rapid urbanization and increasing construction activities. The Asia-Pacific is home to several emerging economies, experiencing high FDI investment, exponential growth in travel & tourism, and growing office space demand forcing significant infrastructure development.

Countries such as China, India and Southeast Asian nations are witnessing an upsurge in construction activities, including residential, commercial and industrial projects. Moreover, many countries in the region have implemented infrastructure development plans, housing programs, and sustainable building initiatives that emphasize the use of high-quality roofing materials. The growth in construction has driven the demand for advanced roofing membranes, leading to an expansion of the market.

Source: DataM Intelligence Analysis (2023)

Roofing Membranes Companies and Competitive Landscape

The major global players include Sika AG, Godfrey Roofing Inc., Henry Company, Firestone Building Products Company LLC, Owens Corning, GAF, DuPont, Carlisle SynTec Systems, Siplast and Duro-Last Inc.

COVID-19 Impact on Roofing Membranes Market

COVID Impact

The COVID-19 pandemic caused many changes in the global roofing membrane market. In the early stages of the pandemic, the global roofing membranes market faced disruptions due to supply chain challenges, labor shortages and project delays. Construction activities were halted in many countries, leading to a decline in demand for roofing membranes. 

However, as the pandemic continued, there was a notable shift in the market toward renovation and repair projects. With new construction projects postponed, homeowners and building owners turned their attention to maintaining and improving existing structures. The respective shift in focus helped sustain some demand for roofing membranes, albeit at a slower pace.

AI Impact 

The global roofing membranes market has been experiencing significant transformations in recent years, with the advent of artificial intelligence (AI) emerging as a game-changer. Artificial intelligence has introduced advanced automation and predictive analytics capabilities to the roofing membranes market, streamlining operations and enhancing efficiency. 

Government data reveals that AI-driven roofing systems can significantly reduce installation time and costs by automating tasks such as material measurement, cutting and alignment. The respective optimization leads to faster project completion, increased productivity and reduced labor expenses. Further, AI-enabled sensors and monitoring systems have revolutionized maintenance practices in the roofing industry as these systems can detect and assess potential issues such as leaks, cracks, and insulation problems in real-time.

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had far-reaching implications, not only on geopolitical stability but also on various industries and markets globally. The roofing membranes market heavily relies on raw materials, with Ukraine being a significant global supplier. The war has disrupted supply chains, causing significant challenges for manufacturers and distributors. 

Government restrictions, trade barriers, and logistic disruptions have resulted in material shortages, increased costs, and delays in production and delivery. As a result, companies in the roofing membranes market have had to explore alternative sourcing options and adjust their manufacturing processes. The respective fact has led to increased prices for roofing membranes, impacting both businesses and end consumers.

Key Developments

• In 2021, Sika, a Swiss construction chemicals company, launched SikaRoof MTC, a mechanically attached thermoplastic membrane system for low-slope roofing applications. The membrane system is designed to provide high-performance waterproofing and enhanced energy efficiency.
• Firestone Building Products, a leading American manufacturer of commercial roofing systems, introduced its RubberGard EPDM Secure Bond Technology in 2020. The respective technology enhances the installation process of EPDM (ethylene propylene diene terpolymer) roofing membranes, providing improved adhesion and durability.
• Carlisle SynTec Systems, a division of the U.S.-based Carlisle Construction Materials, launched Sure-Flex PVC FleeceBACK RL in 2020. The newly launched roofing membrane combines a durable PVC membrane with a fleece backing for enhanced puncture resistance, durability and ease of installation.

Why Purchase the Report?

• To visualize the global roofing membranes market segmentation based on installation, application, product and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of roofing membranes market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global roofing membranes market report would provide approximately 61 tables, 61 figures and 178 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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