Global Modified Bitumen Roof Systems Market Growth 2023-2029

Global Modified Bitumen Roof Systems Market Growth 2023-2029

Modified Bitumen (MB) roofing is an asphalt-based, close cousin of the Built-up-Roof (BUR) designed for buildings with low-slope or flat roof structures. Modified bitumen roofing originated in Europe in the mid 1960's and have been used successfully in the United States and Canada since approximately 1975. Modified Bitumen Membranes are designed to withstand harsh exposure to extreme environmental elements. In our report, modified bitumen roofing have two types which include Atactic Polypropylene (APP) type and Styrene Butadiene Styrene (SBS) type.

LPI (LP Information)' newest research report, the “Modified Bitumen Roof Systems Industry Forecast” looks at past sales and reviews total world Modified Bitumen Roof Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Modified Bitumen Roof Systems sales for 2023 through 2029. With Modified Bitumen Roof Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Modified Bitumen Roof Systems industry.

This Insight Report provides a comprehensive analysis of the global Modified Bitumen Roof Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Modified Bitumen Roof Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Modified Bitumen Roof Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Modified Bitumen Roof Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Modified Bitumen Roof Systems.

The global Modified Bitumen Roof Systems market size is projected to grow from US$ 8751.4 million in 2022 to US$ 11470 million in 2029; it is expected to grow at a CAGR of 11470 from 2023 to 2029.

Global Modified Bitumen (MB) Roofing key players include Oriental Yuhong, Soprema Group, Hongyuan Waterproof, GAF, Sika, etc. Global top five manufacturers hold a share about 25%.

Asia-Pacific is the largest market, with a share about 35%, followed by Europe and North America, having a total share about 50 percent.

In terms of product, SBS Type is the largest segment, with a share about 75%. And in terms of application, the largest application is Non-Residential, followed by Residential.

This report presents a comprehensive overview, market shares, and growth opportunities of Modified Bitumen Roof Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Non-residential Roofing
Residential Roofing

Segmentation by application
Residential
Commercial
Institutional

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Scott Bonk
CE Center
Tremco Roofing
Prime Roofing Contractor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Modified Bitumen Roof Systems market?

What factors are driving Modified Bitumen Roof Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Modified Bitumen Roof Systems market opportunities vary by end market size?

How does Modified Bitumen Roof Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.