According to the recent study the TPO Roofing Membrane Market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 5.3% from 2023 to 2030. Growth in this market is primarily driven by growth in the building & construction industry and increasing demand for green roofing solutions.
Browse 116 figures/charts and 107 tables in this 190-page report to understand trends,
opportunities and forecast in 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).
Lucintel forecasts that
45 mil thickness TPO roofing membranes will remain the largest segment due to
their low cost and it is an ideal choice for buildings which needs 10-15 years
of service life. TPO roofing membranes with 80 mil thickness are expected to
witness the highest growth over the forecast period due to growing demand for
materials with greater strength, energy efficiency, durability, and
performance.
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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.
Carlisle Companies
Incorporated, GAF Materials Corporation, Johns Manville, Firestone Building
Products, Dow Chemical, Sika AG, ARDEX Australia, Tremco, Fatra, AS,
Technonicol, Protan, BAUDER, FLACHDACH, RENOLIT, Imper, and Polyglass are among
the major TPO roofing membrane providers.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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