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Modified Asphalt Roofing Underlying Market Global Outlook and Forecast 2025-2032
Modified asphalt roofing underlayment is a specialized material used in roofing applications to provide a secondary barrier against water infiltration. It is often rubberized or modified with elastomers to enhance flexibility, durability, and waterproofing performance. A distinctive feature of these underlayments is the selvedge edge, designed to create a watertight seal when overlapping rolls during installation. When applied in courses across a roof, the selvedge edge should always be positioned along the top edge to ensure maximum efficacy.
Market Size
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The global modified asphalt roofing underlayment market was valued at USD 8050 million in 2023 and is projected to reach USD 10809.01 million by 2030, growing at a CAGR of 4.30% during the forecast period. This steady growth is driven by increasing demand for durable and weather-resistant roofing solutions across residential, commercial, and industrial sectors.
In North America, the market size was USD 2097.60 million in 2023, and it is expected to grow at a CAGR of 3.69% between 2025 and 2030. This growth is supported by the region’s emphasis on advanced building materials and strict adherence to weatherproofing regulations.
Market Dynamics
Drivers
Increased Focus on Weatherproofing: Rising incidences of extreme weather events have heightened the demand for robust roofing materials, including modified asphalt underlayments.
Growth in Construction Activities: Expanding construction activities, especially in developing economies, are fueling market demand.
Advancements in Material Technology: Innovations in asphalt modification and adhesive technologies are enhancing product performance and lifespan.
Restraints
High Initial Costs: The relatively higher cost of modified asphalt underlayments compared to traditional roofing materials poses a barrier to widespread adoption.
Environmental Concerns: The production and disposal of asphalt-based products face scrutiny due to environmental regulations.
Opportunities
Emergence of Sustainable Alternatives: Development of eco-friendly and recyclable asphalt underlayments presents significant growth opportunities.
Urbanization in Emerging Markets: Rapid urbanization in Asia-Pacific and Africa creates demand for reliable and long-lasting roofing solutions.
Challenges
Fluctuating Raw Material Prices: Variations in the prices of asphalt and related materials can affect profitability.
Labor-Intensive Installation Processes: The need for skilled labor to ensure proper installation adds to project costs and timelines.
Regional Analysis
North America
The North American market benefits from stringent building codes and a growing preference for high-performance roofing systems. The region's diverse climate drives the need for reliable underlayments that can withstand temperature fluctuations and moisture exposure.
Europe
Europe’s market is characterized by a focus on sustainable construction practices and energy-efficient building materials. Countries like Germany, France, and the UK are leading in adopting advanced underlayment solutions.
Asia-Pacific
Asia-Pacific is expected to experience the highest growth, driven by rapid urbanization, increased investment in infrastructure, and rising awareness about the benefits of modified asphalt roofing underlayments.
Rest of the World
Regions such as the Middle East, Africa, and South America are emerging as key markets due to growing construction activities and the need for weather-resistant roofing systems in extreme climates.
Competitor Analysis
Key players in the modified asphalt roofing underlayment market include:
GAF Materials Corporation
Owens Corning
CertainTeed Corporation
IKO Industries Ltd.
Henry Company
These companies are investing heavily in research and development to create innovative and sustainable products while expanding their market presence through strategic partnerships and acquisitions.
Global Modified Asphalt Roofing Underlayment Market: Segmentation Analysis
This report provides a deep insight into the global modified asphalt roofing underlayment market, covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trends, niche market opportunities, key market drivers and challenges, SWOT analysis, and value chain analysis.
The analysis helps the reader shape the competition within industries and strategize for the competitive environment to enhance potential profit. Furthermore, it provides a simple framework for evaluating and assessing the position of business organizations. The report structure also focuses on the competitive landscape of the global modified asphalt roofing underlayment market, introducing in detail the market share, product performance, operational strategies, and market position of the main players.
Market Segmentation (by Application)
Residential Construction
Commercial Construction
Industrial Construction
Market Segmentation (by Type)
Rubberized Asphalt Underlayments
Non-Rubberized Modified Asphalt Underlayments
Key Company
GAF Materials Corporation
Owens Corning
CertainTeed Corporation
IKO Industries Ltd.
Henry Company
Geographic Segmentation
North America
Europe
Asia-Pacific
Rest of the World
FAQ
What is the current market size of the modified asphalt roofing underlayment market?
The global market size was valued at USD 8050 million in 2023.
Which are the key companies operating in the modified asphalt roofing underlayment market?
Key players include GAF Materials Corporation, Owens Corning, CertainTeed Corporation, IKO Industries Ltd., and Henry Company.
What are the key growth drivers in the modified asphalt roofing underlayment market?
Key growth drivers include increased focus on weatherproofing, advancements in material technology, and growth in construction activities.
Which regions dominate the modified asphalt roofing underlayment market
The Asia-Pacific region is expected to dominate, followed by North America and Europe.
What are the emerging trends in the modified asphalt roofing underlayment market?
Emerging trends include the development of sustainable alternatives and increased adoption of eco-friendly roofing materials.
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Modified Asphalt Roofing Underlying Market
Overview of the regional outlook of the Modified Asphalt Roofing Underlying Market:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Modified Asphalt Roofing Underlying Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 12 is the main points and conclusions of the report.
Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/286373/global-modified-asphalt-roofing-underlying-market-2025-2032-115Table of content1 Research Methodology and Statistical Scope1.1 Market Definition and Statistical Scope of Modified Asphalt Roofing Underlying1.2 Key Market Segments1.2.1 Modified Asphalt Roofing Underlying Segment by Type1.2.2 Modified Asphalt Roofing Underlying Segment by Application1.3 Methodology & Sources of Information1.3.1 Research Methodology1.3.2 Research Process1.3.3 Market Breakdown and Data Triangulation1.3.4 Base Year1.3.5 Report Assumptions & Caveats2 Modified Asphalt Roofing Underlying Market Overview2.1 Global Market Overview2.1.1 Global Modified Asphalt Roofing Underlying Market Size (M USD) Estimates and Forecasts (2019-2030)2.1.2 Global Modified Asphalt Roofing Underlying Sales Estimates and Forecasts (2019-2030)2.2 Market Segment Executive Summary2.3 Global Market Size by Region3 Modified Asphalt Roofing Underlying Market Competitive Landscape3.1 Global Modified Asphalt Roofing Underlying Sales by Manufacturers (2019-2025)3.2 Global Modified Asphalt Roofing Underlying Revenue Market Share by Manufacturers (2019-2025)3.3 Modified Asphalt Roofing Underlying Market Share by Company Type (Tier 1, Tier 2, and Tier 3)3.4 Global Modified Asphalt Roofing Underlying Average Price by Manufacturers (2019-2025)3.5 Manufacturers Modified Asphalt Roofing Underlying Sales Sites, Area Served, Product Type3.6 Modified Asphalt Roofing Underlying Market Competitive Situation and Trends
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