United States Asphalt Felt Market was valued at USD 700 Million in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
Asphalt felt has long been a staple in the US construction and roofing industry due to its durability and cost-effectiveness. With growing demand for reliable building materials, the US asphalt felt market is expanding rapidly, offering varied solutions for roofing applications across residential, commercial, and industrial sectors. Asphalt felt, commonly used as a base layer for shingles, is also essential in waterproofing and providing insulation. As urbanization continues and more buildings require roofing solutions, this market is experiencing a surge in popularity. In 2024, the US asphalt felt market saw an impressive growth rate driven by an increase in new constructions and renovations. The market is segmented into products like organic felt and fiberglass-based felt. Organic felt, often made from paper or wood fibers, is appreciated for its flexibility and ease of installation, while fiberglass felt is valued for its enhanced strength and moisture resistance. The preference between these types is largely driven by geographical location, climate conditions, and specific roofing requirements. One of the key factors influencing the demand for asphalt felt is the rising need for energy-efficient solutions in construction. As sustainability becomes more important in the building industry, asphalt felt is being seen as a cost-effective way to improve insulation and reduce energy consumption in buildings. Moreover, asphalt felt has become a popular choice for waterproofing, with its ability to resist rain, snow, and other weather-related challenges. Furthermore, advancements in manufacturing technologies have led to the production of more durable, high-performance asphalt felt. With the integration of innovations like synthetic fibers and advanced polymers, newer products offer greater longevity and protection, making them an even more attractive option for contractors and builders. The US asphalt felt market is expected to maintain its upward trajectory in the coming years, with continued demand for cost-effective, durable roofing materials. The rise of eco-friendly construction trends will further support the growth of asphalt felt as a key player in the roofing industry.
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Gardner
IKO
Grip-Rite
Jackson Building Products
Castle
Epilay Inc
HAL Industries Inc
GAF
Tarco
Continental Materials
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Asphalt Felt Market
Organic Asphalt Felt
Fiberglass Asphalt Felt
Modified Bitumen Felt
Residential Roofing
Commercial Roofing
Industrial Roofing
Waterproofing
Road Construction
30 lb
15 lb
60 lb
Heavy-duty (above 60 lb)
Construction
Aerospace
Automotive
Energy (Oil & Gas)
Direct Sales
Distributors and Wholesalers
Online Retail
Specialty Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Asphalt Felt Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Asphalt Felt Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Asphalt Felt Market, By Type
6. US Asphalt Felt Market, By Application
7. US Asphalt Felt Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Asphalt Felt Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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