Market Forecast By Product (Asphalt-saturated felt, Rubberized asphalt, Non-bitumen synthetic), By Application (Residential Construction, Non-residential construction) And by Competitive Landscape
Product Code: ETC344676 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nepal Roofing Underlay Market is anticipated to grow efficiently during the forecast period as the market has become a crucial market in the country due to the rising number of construction projects, and the growing adoption of underlay in commercial and residential buildings.
According to 6Wresearch, the Nepal Roofing Underlay Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector in the country is driven by factors such as the rising number of construction projects, and the growing adoption of underlay in commercial and residential buildings. Other factors driving the market include the rising demand from the end-users and the rise in disposable incomes of people in the country.
The number of companies running in the market is rising more and more owing to the efficiency of the market and the quality it provides. Many companies are entering the market since opportunities for growth are rising here. The companies focus on expanding their portfolio and it is driving the Nepal Roofing Underlay Market Share. The sector in the nation is progressing at a faster pace owing to the rising demand for roofing underlay.
The sector is also facing some challenges which include limited quality products, limited education and awareness, limited distribution networks, competition from low-cost alternatives, lack of support from the government, and dependence on the construction industry. These are some key challenges confronting the market.
The pandemic had many significant impacts on the worldwide economy, and Nepal is no exception. The construction sector in Nepal, which is a key consumer of roofing underlay, was adversely affected by the COVID-19 pandemic. Numerous construction projects delayed or cancelled owing to the lack of materials, labour, as well as financing.
The lockdown measures imposed in the country in order to control the virus spread led to a disruption in economic activities as well as a decrease in purchasing power of consumers. This reduced demand for the products of roofing underlay in the nation. The border closure and restrictions on imports as well as exports also disrupted supply chains, resulting in a lack of raw materials as well as finished products.
On the contrary, the demand for roofing underlay increased in the long term owing to the pandemic. As people were spending more time at home, they focused on home improvement projects, which drove the demand for roofing underlay products. In addition, the government of the country announced plans to invest in infrastructure projects, which increased the demand for construction materials such as roofing underlay.
The Nepal Roofing Underlay Market Growth was disrupted during the pandemic for a short term and the sector is now making continuous progress.
Based on product, the Nepal Roofing Underlay Industry is divided into Asphalt-Saturated Felt, Rubberized Asphalt, and Non-Bitumen Synthetic. The Asphalt-Saturated Felt is likely to dominate the sector due to its rising demand in the market.
Based on application, the Roofing Underlay Market in Nepal is divided into Residential Construction and Non-Residential Construction. Both these segments can grow in the market in the years to come as the demand for roofing underlay is growing from both these segments.
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Product
By Application
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nepal Roofing Underlay Market Overview |
3.1 Nepal Country Macro Economic Indicators |
3.2 Nepal Roofing Underlay Market Revenues & Volume, 2022 & 2029F |
3.3 Nepal Roofing Underlay Market - Industry Life Cycle |
3.4 Nepal Roofing Underlay Market - Porter's Five Forces |
3.5 Nepal Roofing Underlay Market Revenues & Volume Share, By Product, 2022 & 2029F |
3.6 Nepal Roofing Underlay Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 Nepal Roofing Underlay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nepal Roofing Underlay Market Trends |
6 Nepal Roofing Underlay Market, By Types |
6.1 Nepal Roofing Underlay Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Nepal Roofing Underlay Market Revenues & Volume, By Product, 2019 - 2029F |
6.1.3 Nepal Roofing Underlay Market Revenues & Volume, By Asphalt-saturated felt, 2019 - 2029F |
6.1.4 Nepal Roofing Underlay Market Revenues & Volume, By Rubberized asphalt, 2019 - 2029F |
6.1.5 Nepal Roofing Underlay Market Revenues & Volume, By Non-bitumen synthetic, 2019 - 2029F |
6.2 Nepal Roofing Underlay Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nepal Roofing Underlay Market Revenues & Volume, By Residential construction, 2019 - 2029F |
6.2.3 Nepal Roofing Underlay Market Revenues & Volume, By Non-residential construction, 2019 - 2029F |
7 Nepal Roofing Underlay Market Import-Export Trade Statistics |
7.1 Nepal Roofing Underlay Market Export to Major Countries |
7.2 Nepal Roofing Underlay Market Imports from Major Countries |
8 Nepal Roofing Underlay Market Key Performance Indicators |
9 Nepal Roofing Underlay Market - Opportunity Assessment |
9.1 Nepal Roofing Underlay Market Opportunity Assessment, By Product, 2022 & 2029F |
9.2 Nepal Roofing Underlay Market Opportunity Assessment, By Application, 2022 & 2029F |
10 Nepal Roofing Underlay Market - Competitive Landscape |
10.1 Nepal Roofing Underlay Market Revenue Share, By Companies, 2022 |
10.2 Nepal Roofing Underlay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |