Roofing Underlayment, Fasteners and Roofing Compound Sales Directly Dependent on Roofing Activity

CLEVELAND, May 23, 2019 /PRNewswire/ -- Demand for roofing underlayment is forecast to rise 5.0% annually to $1.5 billion in 2023, outpacing market gains for roofing accessories overall. In area terms, roofing underlayment demand is projected to advance 2.8% per year to 190.0 million squares in 2023.  

More information about the study is here: https://www.freedoniagroup.com/industry-study/roofing-accessories-3706.htm

Roofing underlayment demand will be boosted by such factors as:

• increasing roofing activity ? particularly in the residential market ? as new roofs are installed and older roofs are repaired or replaced
• adoption of more stringent building codes mandating the use of multiple layers of underlayment to provide additional protection against leaks
• rising installations of low-slope metal roofing, as underlayment is often installed with metal roofing to serve as a moisture barrier to protect roof decks from moisture damage

US demand for roofing accessories is projected to advance 3.6% annually to $6.5 billion in 2023, fueled by increases in roofing activity. According to analyst Matt Zielenski, "As you might expect, the leading driver of roofing accessories demand is roofing activity ? as roofs are constructed or repaired, the use of related accessories ? such as fasteners, underlayment, and roofing compounds ? also increases."

Roofing Accessories (published 05/2019, 255 pages) is available for $5400 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/industry-study/roofing-accessories-3706.htm

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SOURCE The Freedonia Group