What is Global Underlayment Market?
The Global Underlayment Market is a vast and dynamic sector that plays a crucial role in the construction industry. Underlayment, a layer of material installed between a subfloor and a finished floor, serves multiple purposes. It provides support, creates a smooth surface for the final layer, and offers sound and thermal insulation. The global market for underlayment was valued at a significant US$ 1032 million in 2022. This value is expected to surge to US$ 1438.5 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2029.
CBU, Polyethylene, Rubber, Cork, Plywood, Others in the Global Underlayment Market:
The Global Underlayment Market is segmented based on different types of underlayment materials, including CBU, Polyethylene, Rubber, Cork, Plywood, among others. CBU, or Cement Backer Unit, is a popular choice due to its durability and resistance to moisture, making it ideal for areas prone to water exposure like bathrooms and kitchens. Polyethylene, a type of plastic, is lightweight, easy to install, and offers excellent moisture resistance. Rubber underlayment, known for its sound-absorbing qualities, is often used in multi-story buildings. Cork, a sustainable and eco-friendly option, provides excellent thermal and acoustic insulation. Plywood, a traditional underlayment material, is favored for its strength and stability. Each of these materials has its unique properties, making them suitable for different applications.
Tile Flooring, Laminate Flooring, Vinyl Flooring, Carpet Flooring, Hardwood Flooring, Others in the Global Underlayment Market:
The Global Underlayment Market finds its usage in various flooring types, including Tile Flooring, Laminate Flooring, Vinyl Flooring, Carpet Flooring, Hardwood Flooring, among others. For Tile Flooring, underlayment provides a smooth and stable surface, preventing cracks in the tiles. In Laminate Flooring, it offers sound and thermal insulation, enhancing the comfort of the space. Vinyl Flooring benefits from underlayment's ability to smooth out subfloor imperfections, ensuring a flawless finish. For Carpet Flooring, underlayment adds cushioning for comfort and absorbs sound for a quieter environment. In Hardwood Flooring, underlayment helps to reduce moisture and provides a barrier against heat loss. The choice of underlayment material depends on the type of flooring and the specific requirements of the space.
Global Underlayment Market Outlook:
The Global Underlayment Market outlook reveals some interesting trends and patterns. The market, which was valued at US$ 1032 million in 2022, is projected to reach US$ 1438.5 million by 2029. This suggests a promising growth trajectory with a CAGR of 4.8% during the forecast period from 2023 to 2029. The market is dominated by a few key players, with the top three accounting for approximately 20% of the total market. Geographically, North America holds the largest share of the Underlayment market, accounting for about 31%, followed by Asia-Pacific and Europe. In terms of type, CBU is the largest segment, holding a share of about 28%. These trends provide a snapshot of the current state of the Global Underlayment Market and offer insights into its future direction.
| Report Metric | Details |
| Report Name | Underlayment Market |
| Accounted market size in 2022 | US$ 1032 in million |
| Forecasted market size in 2029 | US$ 1438.5 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | USG, James Hardie, Leggett & Platt, National Gypsum, Custom Building, QEP, MP Global, Swiss Krono, AcoustiCORK, Manton, Pak-Lite, Sealed-Air, Foam Products, Ultimate Rb, Patriot Timber, Changzhou Highsun Decorative Material, Schluter Systems |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
