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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.1 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. 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"

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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.

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.

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 2020-2025: 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 2014 to 2025]:

CommercialRetailOfficeHospitalityHealthcareEducationOthersResidentialIndustrial and Others
By Membrane Thickness [Volume (Million Square Meter) and $M shipment analysis from 2014 to 2025]:

45 Mil60 Mil80 Mil
By Application [Volume (Million Square Meter) and $M shipment analysis from 2014 to 2025]:

RoofingRe Roofing
By Region [Value ($ Million) and Volume (Thousand Tons) from 2014 to 2025]:

North AmericaUnited StatesCanadaMexicoEuropeGermanyUnited KingdomItalyFranceAsia PacificChinaIndiaJapanSouth KoreaThe 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 https://www.lucintel.com/tpo-roofing-membrane-market.aspx or [email protected].

About Lucintel

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