The global roofing liners market is projected to undergo a phase of sustained growth over the next decade on account of the expansion strategies being implemented by key market players, highlights Fortune Business Insights™in its report, titled “Roofing Liners Market, 2022-2029”.
Sika Acquires Leading Roofing & Waterproofing Company in Egypt
In June 2020, Sika, the Swiss multinational, announced the acquisition of Modern Waterproofing Group, the roofing and waterproofing major based in Egypt. With an eye on widening its global market footprint, this takeover will allow Sika Egypt to build a well-rounded product portfolio and deepen its presence in the fledgling Egyptian construction market. Modern’s reputation as a provider of high-quality bituminous membranes will further bolster Sika’s portfolio of novel building materials and rapidly enhance its position in the global market as a top manufacturer and supplier of roofing liners and other roofing solutions. Moreover, the production capacity and the technical expertise of Modern will enable Sika to strengthen the local supply chains as well as serve the growing construction needs of other developing African nations.
By type, the market has been segregated into Ethylene Propylene Diene Monomer, PolyVinyl Chloride, Thermoplastic Polyolefin, and others. Based on application, the market has been divided into residential, commercial, and industrial. On the basis of geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The COVID-19 pandemic is likely to hinder the roofing liners market growth in the immediate future owing to the declining construction activities worldwide. According to a recent report by the Royal Institute of Chartered Surveyors (RICS), only 20% of the halted construction projects are expected to restart in 2021 and the financial stress created in 2020 will continue well into 2021. Since this market is heavily dependent on the construction industry, the severe downturn in construction operations will inevitably affect the growth of this market.
Salient Features of the Report
This market delivers a unique bird’s eye-view understanding of the industry trends and outlook, along with a microscopic study and understanding of all market segments. In addition, the report contains a comprehensive analysis and diagnosis of the various market drivers and challenges. The report also features thorough, actionable research into the regional dynamics and competitive landscape of the market.
Development of Green Roofs to Pave New Pathways of Growth for the Market
The construction sector has been actively adopting sustainable roofing solutions to speed up the transition towards green buildings. The development of green roofing liners has been one of the hallmark trends in this industry, driven by innovation and a supportive policy environment. Over the past decade or so, several prominent constructions have been erected equipped with green roofs. For example, at the Center for Sustainable Landscapes, which opened in 2012 in Pittsburgh, USA, a green roof has been installed to provide insulation and natural wind and light to a wide variety of plants. Similarly, the Kampusareena building in southern Finland, which was inaugurated in 2015, has a massive green roof covering 1,800 square meters of space and also house 560 solar panels for electricity. Thus, the advent of green roofing solutions has ushered in an era of innovation in the building & construction industry.
Massive Investments in Infrastructure to Power the Market in North America
North America is expected to lead the roofing liners market share in the forthcoming period due to the enormous investments by governments in the region on infrastructure projects. Furthermore, the incredible growth projections for the construction industry in the US will also stimulate the regional market in the foreseeable future.
In Asia Pacific, the abundance of raw materials and a strong presence of roofing liner manufacturers across India and China will propel the market. The initiation of massive infrastructure projects in the region will also promote market growth. On the other hand, the market in the Middle East & Africa will be fuelled by speedy industrialization and urbanization.
Integration of Renewables with Roofing Liners to be Prominent Feature in the Market
With the adoption of renewables widening worldwide, key players in this market are creatively blending clean energy technologies with roofing solutions. This is enabling companies to develop and introduce future-proof roofing products as well as advance sustainability in the construction sector.
October 2019: Tesla announced the release of a new version of its glass Solar Roof tiles, in a bid to reenergize its operations in the clean energy domain. The new roof is embedded with solar panel tiles that fuse with regular roofing liners and will be produced at the company’s plant in Buffalo, New York.
List of Key Players Profiled in the Roofing Liners Market Report:
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