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Opportunities For The Global Tpo Roofing Membrane Market To Reach $2.2 Billion By 2024
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According to a new market report published by Lucintel, the future of the global TPO roofing membrane market looks promising with opportunities in the commercial, residential, and industrial markets. The global TPO roofing membrane market is expected to reach an estimated $2.2 billion by 2024 with a CAGR of 3.7% from 2019 to 2024. The major drivers for this market are growth in the building & construction industry and increasing demand for green roofing solutions.
In this market, 45 millimeter, 60 millimeter, and 80 millimeter thick TPO roofing membranes are used as water proofing, heat resistance, and damage resistance solutions in residential and non-residential buildings. Lucintel forecasts that 45 millimeter thickness TPO roofing membrane will remain the largest segment due to their low cost and is ideal choice for buildings which needs 10-15 years of service life. TPO roofing membranes with 80 millimeter thickness are expected to witness highest growth over the forecast period due to growing demand for materials with greater strength, energy efficiency, durability, and performance.
Within the TPO roofing membrane market, commercial will remain the largest end use market by value and volume due to growing focus of building owners and contractors (government and private) on environment friendly, energy efficient roofing solutions. The residential segment is expected to witness the highest growth over the forecast period due to increasing residential construction activities and government initiatives to use products that offer a higher standard of energy efficiency in buildings.
North America will remain the largest region over the forecast period due to stringent government regulations and building codes for energy efficiency. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing construction activities and growing awareness about cost effective building solutions
Carlisle Companies Incorporates, GAF Materials Corporations, Johns Manville, Firestone Building Products, DowDuPont Inc., and Sika AG are the major manufacturers of TPO roofing membranes.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global TPO roofing membrane market by end use industry, membrane thickness, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global TPO Roofing Membrane Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global TPO roofing membrane market by end use industry, membrane thickness, application, and region as follows:
By End Use Industry [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
• Industrial and Others
By Membrane Thickness [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
• 45 Mil
• 60 Mil
• 80 Mil
By Application [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
• Re Roofing
By Region [Volume (Million Square Meter) and $M shipment analysis for 2013 – 2024]:
• North America
– United States
– United Kingdom
• Asia Pacific
– South Korea
• The Rest of the World
This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global TPO roofing membrane market by end use industry (commercial, residential, and industrial & others), membrane thickness (45 mil, 60 mil, and 80 mil), application (roofing and re-roofing), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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