Market Size of Roofing Membranes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Roofing Membrane Market Analysis
The roofing membranes market is expected to register a CAGR of above 9% during the forecast period. The major factors driving the growth of the market studied are the increasing demand for lighter and faster construction roofing materials in the European region, and increasing private construction expenditure in the North American region. On the flipside, fluctuating prices of raw materials is likely to hamper the growth of the market studied.
- The thermoplastic polyolefin (TPO) segment dominated the marketand is likely to grow during the forecast period.
- The growing demand for cost-effective roofing membranes is likely to provide opportunities for the studied market during the forecast period.
- North America dominated the market across the worlddue to the growing construction activities in the region.
