North America Roofing Membranes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers the North America Roofing Membranes Market Forecast and Trends. The market is segmented by product (liquid-applied membrane (acrylic, polyurethane, polyurea, and other liquid-applied membranes), and sheet membrane (polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO), self-adhesive bitumen, high-density polyethylene (HDPE), and other sheet membranes), installation type (mechanically attached, fully adhered, ballasted, and other installation types), application (residential, commercial, institutional, and infrastructural), and geography (United States, Canada, and Mexico). The market size and forecasts for roofing membranes are provided in terms of revenue (USD) and volume (million square feet) for all the above segments.

North America Roofing Membrane Market Size

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North America Roofing Membranes Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 13.65 Billion
Market Size (2029) USD 18.14 Billion
CAGR (2024 - 2029) 5.86 %
Market Concentration High

Major Players

North America Roofing Membranes Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Roofing Membrane Market Analysis

The North America Roofing Membranes Market size is estimated at USD 13.65 billion in 2024, and is expected to reach USD 18.14 billion by 2029, growing at a CAGR of 5.86% during the forecast period (2024-2029).

The North American roofing membranes market was negatively impacted by COVID-19 as it restricted the operating activities of several industries, including the construction industry. However, the sector has been recovering well since restrictions were lifted. The growing residential and commercial activities supported the positive demand for roofing membranes in the region.

  • Over the short term, increasing investments in the region's construction sector and superior properties of roofing membranes over other alternatives are the major factors driving the growth of the market studied.
  • However, the labor-intensive installation process and the fluctuating prices of raw materials are the key factors anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the increasing utilization of roofing membranes in green roof structures and the growing usage of roofing membranes in solar roofs are likely to create lucrative growth opportunities for the global market soon.
  • The United States has emerged as the largest market for roofing membranes in the North American region due to growing demand for various industrial applications.

North America Roofing Membrane Market Trends

Residential Application to Dominate the Market

  • In the residential sector, waterproofing membranes with rigorous materials can often withstand the test of climate change and have a good degree of tolerance to temperature changes, acid and alkali substances, and ultraviolet rays.
  • In comparison to waterproof coatings, waterproof membranes have been used in residential buildings for a long time and typically have a service life of more than 30 years.
  • According to the US Census Bureau, the annual value of residential construction put in place in the United States was valued at USD 9,10,416 million in 2022, witnessing a growth rate of 13.38% compared to 2021.​
  • In October 2022, IKO, a provider of roofing and waterproofing products, including membranes, leveraged its roofing expertise to bring its innovative liquid waterproofing system to Canada. IKO Metatech is a fast-drying, two-component, liquid waterproofing system based on the durable polymethyl methacrylate (PMMA) technology specified for challenging roof installations and repairs in tight areas on residential low-slope roofs.​
  • In addition, various government projects, such as the New Building Canada Plan (NBCP) and Affordable Housing Initiative (AHI), are supporting the sector’s growth. ​In Canada, the residential sectors have witnessed steady growth in the recent past. ​
  • In Mexico, residential construction is also one of the major sectors favoring the market studied in the country. According to Directorio Estadístico Nacional de Unidades Económicas (DENUE) 2022, the total residential building construction was registered at 6,728 economic units in the country.
  • Some of the ongoing residential construction projects in the region include the Second Phase of Hudson Yards, United States, and Highstreet Village Residential Development, Canada.
  • The second phase of Hudson Yards, United States Project, includes additional residential space, an office building, and a school in addition to its first phase, which was completed in 2019. The second phase of the project is expected to be completed by 2024.
  • Highstreet Village Residential Development, Canada Project, involves building a gated community on a 12-acre Abbotsford, British Columbia site. The construction work will begin in Q3 2022 and be completed in Q1 2025. The main goal of this project is to provide better quality housing facilities to the area.
  • Therefore, all the above-mentioned factors help in the growth of roofing membranes for residential applications in the region.
North America Roofing Membranes Market: Number of Homes under Construction, in Thousand Units, Canada, 2018-2022

United States to Dominate the Market

  • The key factors driving the growth of the roofing industry in the United States include rapid urbanization and technological advancements. Technological innovations such as green roofing, eco-friendly roofing materials, increase in roof life and safety, improved air quality, reduced noise and cost of air-conditioning, and others have increased the demand for roofing membranes.
  • Specifically, green roofs are especially in high demand in developed nations in green building constructions. As the number of non-residential projects in growing economies increases, the need for roofing will rise in the coming years. Adopting advanced technologies enhances aesthetics, which is expected to aid the growth of the roofing industry. Such trends will further support the demand for waterproofing membranes in respective roofing systems.
  • Further, the US government has made significant investments in infrastructure development, fueling demand for roofing in the United States. Due to the popularity of eco-friendly roofing technologies and growing real estate investment, the residential segment is predicted to grow.
  • In March 2022, the United States-based company Roof Lux partnered with the United States-based company Duro-Last PVC for single-ply membrane roofing for various small and big commercial roofing projects. This partnership will help the company increase its customer base in the North American region.
  • According to the Associated General Contractors of America, in the United States, roofing is a significant part of the overall construction industry in the country and, in general, represents about 10% of the total construction budget.
  • According to the United States Bureau of Labor Statistics data, there are currently around 253,044 roofers in the country. Furthermore, Florida has the highest number of roofers among the different states in the country, with 22,860 roofers as of 2022.
  • Polyglas, a manufacturer of commercial and residential roofing, announced the release of its most advanced roofing system configurator and contractor submission package for next-generation construction.
  • All such factors will affect the demand for roofing membranes in the United States during the forecast period.
North America Roofing Membranes Market: Annual Value of Construction, Residential Sector, USD Million, 2018-2022

North America Roofing Membrane Industry Overview

The North American roofing membrane market is highly competitive in nature, with top-level players accounting for a sizeable share of the North American market. The major players (not in any particular order) include Holcim, Sika AG, Standard Industries Inc., Saint Gobain, and Carlisle Syntec Systems, among others.

North America Roofing Membrane Market Leaders

  1. Holcim

  2. Sika AG

  3. Standard Industries Inc.

  4. Saint Gobain

  5. Carlisle Syntec Systems

*Disclaimer: Major Players sorted in no particular order

North America Roofing Membranes Market Concentration
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North America Roofing Membrane Market News

  • April 2023: Carlisle SynTec Systems announced that Carlisle Construction Materials (CCM) has acquired the assets of V2T Technology LLC. This acquisition gives CCM complete exclusivity of the vent-secured roof system associated with V2T Technology LLC, which Carlisle SynTec Systems will continue to market by the trademark VacuSeal™.
  • July 2022: Sika AG expanded its product portfolio by partnering with the insulation expert manufacturer All Weather Insulated Panels based in California and launching a product that was to contain the PVC roof membrane of Sika AG, and AWIP Dek insulated roof panels.

North America Roofing MembranesMarket Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Investments in the Construction Sector in the North American Region

      2. 4.1.2 Superior Properties of Roofing Membranes Over Alternatives

    2. 4.2 Restraints

      1. 4.2.1 Labor Intensive Installation Process

      2. 4.2.2 Fluctuating Prices of Raw Materials

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size in Value and Volume)

    1. 5.1 Product

      1. 5.1.1 Liquid Applied Membrane

        1. 5.1.1.1 Acrylic

        2. 5.1.1.2 Polyurethane

        3. 5.1.1.3 Polyurea

        4. 5.1.1.4 Other Liquid Applied Membranes

      2. 5.1.2 Sheet Membrane

        1. 5.1.2.1 Polyvinyl Chloride (PVC)

        2. 5.1.2.2 Ethylene Propylene Diene Monomer (EPDM)

        3. 5.1.2.3 Thermoplastic Polyolefin (TPO)

        4. 5.1.2.4 Self-Adhesive Bitumen

        5. 5.1.2.5 High-Density Polyethylene (HDPE)

        6. 5.1.2.6 Other Sheet Membranes

    2. 5.2 Installation Type

      1. 5.2.1 Mechanically Attached

      2. 5.2.2 Fully Adhered

      3. 5.2.3 Ballasted

      4. 5.2.4 Other Installation Types

    3. 5.3 Application

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

      3. 5.3.3 Institutional

      4. 5.3.4 Infrastructural

    4. 5.4 Geography

      1. 5.4.1 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Carlisle SynTec Systems

      2. 6.4.2 Dow

      3. 6.4.3 Holcim

      4. 6.4.4 IB Roof

      5. 6.4.5 Johns Manville

      6. 6.4.6 Juta Ltd

      7. 6.4.7 Kemper System America Inc.

      8. 6.4.8 Kingspan Group

      9. 6.4.9 Owens Corning

      10. 6.4.10 PH plastics

      11. 6.4.11 Saint-Gobain

      12. 6.4.12 Sika AG

      13. 6.4.13 Soprema Group

      14. 6.4.14 Standard Industries Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Utilization of Roofing Membranes in Green Roof Structures

    2. 7.2 Growing Usage of Roofing Membranes in Solar Roofs

**Subject to Availability
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North America Roofing Membrane Industry Segmentation

Roofing membranes are the membranes used to protect the roofing surface from water and other weather conditions. These are widely used for residential, commercial, and industrial applications.

The report covers the North America roofing membranes market forecast and trends and is segmented by product (liquid applied membrane (acrylic, polyurethane, polyurea, and other liquid applied membranes), and sheet membrane (polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO), self-adhesive bitumen, high-density polyethylene (HDPE), and other sheet membranes), installation type (mechanically attached, fully adhered, ballasted, and other installation types), application (residential, commercial, institutional, and infrastructural), and geography (United States, Canada, and Mexico). 

The report covers market size and forecasts for roofing membranes in revenue (USD) and volume (million square feet) for all the above segments.

Product
Liquid Applied Membrane
Acrylic
Polyurethane
Polyurea
Other Liquid Applied Membranes
Sheet Membrane
Polyvinyl Chloride (PVC)
Ethylene Propylene Diene Monomer (EPDM)
Thermoplastic Polyolefin (TPO)
Self-Adhesive Bitumen
High-Density Polyethylene (HDPE)
Other Sheet Membranes
Installation Type
Mechanically Attached
Fully Adhered
Ballasted
Other Installation Types
Application
Residential
Commercial
Institutional
Infrastructural
Geography
United States
Canada
Mexico
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North America Roofing MembranesMarket Research FAQs

The North America Roofing Membranes Market size is expected to reach USD 13.65 billion in 2024 and grow at a CAGR of 5.86% to reach USD 18.14 billion by 2029.

In 2024, the North America Roofing Membranes Market size is expected to reach USD 13.65 billion.

Holcim, Sika AG, Standard Industries Inc., Saint Gobain and Carlisle Syntec Systems are the major companies operating in the North America Roofing Membranes Market.

In 2023, the North America Roofing Membranes Market size was estimated at USD 12.89 billion. The report covers the North America Roofing Membranes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Roofing Membranes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Roofing MembranesIndustry Report

Statistics for the 2024 North America Roofing Membranes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Roofing Membranes analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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North America Roofing Membranes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)