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 $2.1 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are growth in the building & construction industry and increasing demand for green roofing solutions.
In this market, 45 mil, 60 mil, and 80 mil thick TPO roofing membranes are used as water-proofing, heat-resistant, and damage-resistant solutions in residential and non-residential buildings. On the basis of comprehensive research, Lucintel forecasts that 45 mil thickness TPO roofing membrane will remain the largest segment due to their low cost and is an ideal choice for buildings which need 10-15 years of service life. TPO roofing membranes with 80 mil 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 of cost-effective building solutions.
Carlisle Companies Incorporated, GAF Materials Corporations, Johns Manville, Firestone Building Products, Dow, and Sika AG are the major manufacturers of TPO roofing membranes.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global TPO roofing membrane market by end use industry, membrane thickness, application, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global TPO Roofing Membrane Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and 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 2016 to 2027]:
Commercial
Retail
Offices
Hospitality
Education
Healthcare
Others
Residential
Industrial and Others
By Membrane Thickness [Volume (Million Square Meter) and $M shipment analysis from 2016 to 2027]:
By Application [Volume (Million Square Meter) and $M shipment analysis from 2016 to 2027]:
By Region [Volume (Million Square Meter) and $M shipment analysis from 2016 to 2027]:
North America
Europe
Asia Pacific
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 click on this link…… or helpdesk@lucintel.com.
About Lucintel
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.