Market Size of North America Single-ply Membrane Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2020 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Single-ply Membrane Market Analysis
The North American single-ply membrane market is expected to reach 347.41 million square meters by the end of this year. It is projected to register a CAGR of over 4% during the forecast period.
The disruption of various construction activities in 2020, owing to COVID-19, slowed the market growth for single-ply membranes. The supply chain disruption and labor shortage for ongoing construction projects had an impact on the expansion of the market. The market for the single-ply membrane returned to normal conditions in curbing the spread of the virus and is expected to benefit the market expansion during the forecast period in light of the new government regulations and the reopening of various sectors.
- Over the medium term, the major factors driving the market are the growing construction industry, and innovations in technology, along with rising demand for eco-friendly roofing.
- On the flip side, a shortage of skilled labor in the construction sector is the key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, rising emphasis on the use of sustainable building materials is likely to create lucrative growth opportunities in the studied market.
- The United States dominated the market across North America with the most substantial usage of single-ply membranes.
