Synthetic Underlayment Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 9.2% from 2026 to 2033.
In 2022, the global synthetic underlayment market was valued at approximately $2.5 billion. North America accounted for the largest revenue share, contributing 40% to the market, driven by a robust construction sector and increasing adoption of durable roofing materials. The Asia Pacific region followed, holding a 30% share, propelled by rapid urbanization and infrastructure development in countries like China and India. Europe contributed 20% to the market, with a growing emphasis on sustainable building practices. Latin America and the Middle East & Africa each held a 5% share, reflecting steady growth in construction activities within these regions. The market is projected to reach $4.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030.
The Asia Pacific region is anticipated to be the fastest growing market during the forecast period, with a CAGR of 7.5%. This growth is attributed to increasing investments in infrastructure and a rising demand for residential and commercial buildings. North America is expected to maintain steady growth, supported by ongoing residential construction and renovation projects. Europe is projected to experience moderate growth, driven by stringent building regulations and a focus on energy efficient construction. Latin America and the Middle East & Africa are also expected to witness growth, albeit at a slower pace, as these regions continue to develop their construction industries and adopt modern building materials.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=266998&utm_source=Google_site_G_April&utm_medium=227
Â
GCP Applied Technologies
Henry
Owens Corning
GAF Materials
TAMKO
Dupont
Atlas Roofing
CertainTeed
Soprema
Marco Industries
Renolit
Sarnafil
Â
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. 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.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=266998&utm_source=Google_site_G_April&utm_medium=227
Growing demand for below applications around the world has had a direct impact on the growth of the Global Synthetic Underlayment Market
Polypropylene
Polyethylene
Paper-Based
Bitumen-Modified
Others
Roofing Underlayment
Flooring Underlayment
Wall Underlayment
Specialty Underlayment (e.g., noise-reducing, moisture barrier)
Residential Construction
Commercial Construction
Industrial Construction
Remodeling and Renovation Projects
Up to 15 mil
15-30 mil
30-45 mil
Above 45 mil
Contractors
Architects
DIY Consumers
Builders and Developers
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)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/synthetic-underlayment-market/
1. Introduction of the Global Synthetic Underlayment 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. Global Synthetic Underlayment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Synthetic Underlayment Market, By Type
6. Global Synthetic Underlayment Market, By Application
7. Global Synthetic Underlayment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Synthetic Underlayment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/