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)
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 $2.2 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.
Browse 106 market data tables and 116 figures spread through 190 pages and in-depth TOC on “Global TPO Roofing Membrane Market"
Free customization on reports www.lucintel.com/tpo-roo…arket.aspx
In this market, different types of TPO roofing membrane such as 45 mil, 60 mil, and 80 mil are used as membrane thickness.
Lucintel 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.
Download Free PDF Brochure @ www.lucintel.com/tpo-roo…ket.aspx#/
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.
Pre-Access Query @ www.lucintel.com/tpo-roo…ket.aspx#/
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. Carlisle Companies Incorporates, GAF Materials Corporations, Johns Manville, Firestone Building Products, DowDuPont Inc., and Sika AG are among the major TPO roofing membrane manufacturers.
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 entitled “Growth Opportunities in the Global TPO Roofing Membrane Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a 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 2013 to 2024]:
- Industrial and Others
By Membrane Thickness [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
- 45 Mil
- 60 Mil
- 80 Mil
By Application [Volume (Million Square Meter) and $M shipment analysis from 2013 to 2024]:
- Re Roofing
By Region [Value ($ Million) and Volume (Thousand Tons) from 2013 to 2024]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
Download Free Sample Page @ www.lucintel.com/tpo-roo…ket.aspx#/
This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, click on this link www.lucintel.com/tpo-roo…arket.aspx
Category: Market Research Publishers and RetailersCompany about: Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, H ...