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
NEW YORK, April 10, 2019 /PRNewswire/ -- Trends, opportunities and forecast in TPO roofing membrane market to 2024 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)
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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.
TPO Roofing Membrane market by end use industry
TPO Roofing Membrane market
TPO Roofing Membrane manufacturers
The study includes TPO roofing membrane market size and forecast for the global TPO roofing membrane market through 2024, segmented by end use industry, membrane thickness, application, and region as follows:
TPO Roofing Membrane Market by End Use Industry [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
Commercial Retail Office Hospitality Healthcare Education Others Residential Industrial and Others
TPO Roofing Membrane Market by Membrane Thickness [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
45 Mil 60 Mil 80 Mil
TPO Roofing Membrane Market by Application [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
Roofing Re Roofing
TPO Roofing Membrane Market by Region [Volume (Million Square Meter) and $M shipment analysis for 2013 - 2024]:
North America United States Canada Mexico Europe Germany United Kingdom Italy France Asia Pacific China South Korea Japan India The Rest of the World
Some of the TPO roofing membranes companies profiled in this report include Carlisle Companies Incorporates, GAF Materials Corporations, Johns Manville, Firestone Building Products, DowDuPont Inc., and Sika AG.
The analyst forecasts that 45 millimeter thickness TPO roofing membrane will remain the largest segment due to their low cost and is ideal choice for buildings which needs 10-15 years of service life. TPO roofing membranes with 80 millimeter thickness are expected to witness highest growth over the forecast period due to growing demand for materials with greater strength, energy efficiency, durability, and performance.
Within the TPO roofing membrane market, commercial will remain the largest end use market by value and volume due to growing focus of building owners and contractors (government and private) on environment friendly, energy efficient roofing solutions. The residential segment is expected to witness the highest growth over the forecast period due to increasing residential construction activities and government initiatives to use products that offer a higher standard of energy efficiency in buildings.
North America will remain the largest region over the forecast period due to stringent government regulations and building codes for energy efficiency. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing construction activities and growing awareness about cost effective building solutions.
Some of the features of "TPO Roofing Membrane Market Report: Trends, Forecast and Competitive Analysis" include:
Market size estimates: Global TPO roofing membrane market size estimation in terms of value ($M) and volume (Million Square Meter) shipment.
Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use and use industry.
Segmentation analysis: Global TPO roofing membrane market size by end use industry, membrane thickness, and application in terms of value and volume shipment.
Regional analysis: Global TPO roofing membrane market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions in the global TPO roofing membrane market.
Strategic analysis: This includes M&A, new product development, and competitive landscape in the global TPO roofing membrane market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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 TPO roofing membrane market?
Q.5 What are the business risks and threats to the TPO roofing membrane market?
Q.6 What are the emerging trends in this TPO roofing membrane market and reasons behind them?
Q.7 What are the changing demands of customers in the TPO roofing membrane market?
Q.8 What are the new developments in the TPO roofing membrane market? Which companies are leading these developments?
Q.9 Who are the major players in this TPO roofing membrane 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 TPO roofing membrane 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 in this TPO roofing membrane market?
Read the full report: https://www.reportlinker.com/p05764182/?utm_source=PRN
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