Roofing Membranes - Market Share Analysis, IndUnited Statestry Trends & Statistics, Growth Forecasts (2025 - 2030)

Key Highlights

• The rising adoption of lightweight materials in construction projects and increasing construction activities are the major factors driving the growth of the roofing membranes market.
• However, fluctuating raw material prices and stringent regulations and standards are likely to hinder the growth of the market.
• Nevertheless, the increasing demand for energy-efficient roofing membranes and advancements in technology are likely to create lucrative growth opportunities for the market during the forecast period.
• North America dominates the roofing membranes market owing to the growing construction activities in the region.

Roofing Membranes Market Trends

Commercial Segment to Dominate the Market

• Roofing membranes are widely utilized in commercial applications, and their demand is largely fueled by a surge in global commercial construction. These membranes serve as a vital waterproof barrier in commercial buildings, shielding them from environmental elements and upholding the roofing system's integrity.
• Due to their strength, durability, and impermeability to water, these membranes have become the preferred choice for commercial roofing applications.
• These membranes are United Statesed in commercial areas, such as factories, railway stations, airports, company headquarters, shopping centers, theaters, schools, and hospitals.
• Asia-Pacific is a dominant player in the commercial construction arena. The region recently witnessed a boom in office space demand, particularly in India and China, driven by proactive government development initiatives.
• As per the data from the National Bureau of Statistics of China, in 2022, the annual starting construction of commercial properties in China amounted to around 81.55 million square meters, down from 141.05 million square meters from the previoUnited States year. Furthermore, at the end of 2023, the floor space of commercial buildings for sale was 672.95 million square meters, up by 19% over the previoUnited States year.
• In India, the construction of Infosys Pocharam Office CampUnited States, which includes the expansion of an office campUnited States with a floor area of 761,804 square meters, was initiated in the third quarter of 2023, and it is likely to be completed by the end of Q3 2027.
• In the Middle East, several government initiatives to bolster the development of the commercial sector, such as Saudi Arabia Vision 2030 and Abu Dhabi Economic Vision 2030, are likely to substantially drive the consumption of roofing membranes.
• VarioUnited States hotel construction projects are expected to further propel the demand for roofing membranes. For instance, as the tourism indUnited Statestry rebounds, Marriott International Inc. is set to unveil 20 luxury hotels and resorts across Vietnam's prime tourist spots, including Hanoi, Ho Chi Minh City, Da Nang, and Phu Quoc Island.
• Anantara Hotels, Resorts, and Spas revealed plans for a new resort in Brazil, slated to debut in 2025. Anantara Mamucabo will feature 116 guest rooms, suites, and pool villas.
• Given the growth in commercial construction activities, the demand for roofing membranes in commercial applications is poised for growth in the coming years.

North America Expected to Dominate the Market

• North America holds the largest share of the global market. Countries like the United States, Canada, and Mexico have seen a surge in demand for roofing membranes, driven by the adoption of lightweight and swift construction techniques.
• The United States boasts one of the world's largest construction indUnited Statestries. According to the United States CensUnited States Bureau, in 2023, the nation's construction value hit United StatesD 19.78 trillion, marking a robUnited Statest 7% increase from 2022. By February 2024, the number of privately owned hoUnited Statesing units authorized by building permits reached 1,518,000, showing a 2.4% uptick from the same period in 2023.
• Several new commercial construction projects are under construction in the United States, which are likely to increase the demand for roofing membranes further. For instance, in January 2024, the government of Indiana and Meta Platforms Inc. partnered to construct a new United StatesD 800 million data center campUnited States in Hoosier State. The project, which is likely to be completed by the year 2026, is a 700,000-square-foot facility at the River Ridge Commerce Center.
• Statistics Canada reported a 1.7% increase in total investment in building construction, climbing from United StatesD 19.44 trillion in October 2023 to United StatesD 19.76 trillion in November 2023. In the same period, residential spending saw a 2.2% growth, hitting United StatesD 13.7 billion, while non-residential spending rose by 0.6% to United StatesD 6.0 billion.
• In 2023, Mexico's construction indUnited Statestry, as reported by the International Trade Administration, saw a notable uptick in value. The indUnited Statestry's overall worth climbed to United StatesD 120.58 billion, up from United StatesD 102.88 billion in 2022. Specifically, the infrastructure segment surged to about United StatesD 46.10 billion in 2023, a significant rise from United StatesD 38.83 billion in 2022. These upward trajectories in both the construction and infrastructure sectors are poised to fuel the demand for the market studied in Mexico in the coming years.
• Hence, due to such positive factors in the construction market and the growing adoption of lightweight materials, the demand for roofing membranes is projected to increase in North America during the forecast period.

Roofing Membranes IndUnited Statestry Overview

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