Tar Paper Market
Tar Paper Market Study by Polyesters and Wood Base for Water Proofing and Roofing From 2024 to 2034
Analysis of Tar Paper Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Tar Paper Market Outlook (2024 to 2034)
Revenue from the global tar paper market is estimated to reach US$ 3.74 billion in 2024. According to a new Fact.MR report, the market is approximated to advance at a CAGR of 4.8% to reach a valuation of US$ 5.98 billion by the end of 2034.
To meet the increasing demands of consumers, the top companies in the tar paper market are developing new goods and extending their global reach. The leading companies in the global market are mostly funding R&D initiatives to improve the functionality of their goods.
The building, automotive, and packaging end-user industries are contributing to the increased demand for tar paper, which is also stimulating manufacturers to offer more effective products. The competitive environment is extremely fragmented, with few regional and global companies present. Strong strategies are used by the major companies in the market to maintain their dominance and expand their reach across new geographies.
One of the leading companies in the tar paper market, GAF produces several types of roofing and construction materials. The company provides a wide range of products for use in the end-use industries for several purposes, including roofing shingles, roofing underlayment, and felt saturated with asphalt. The organization serves clients globally because of its extensive distribution network and reach.
Another significant player in the tar paper market, Johns Manville is well-known for its cutting-edge roofing and insulation solutions. The company provides a wide variety of tar paper products, such as roofing membranes, fiberglass insulation, and callous insulation.
The business produces ecologically friendly products and is steadfastly committed to sustainability. Conversely, CertainTeed is a well-known producer of building supplies, providing a varied range of products for several applications, such as insulation, siding, and roofing shingles. The business is dedicated to providing cutting-edge solutions and makes significant R&D investments.
| Report Attribute | Detail |
|---|---|
| Tar Paper Market Size (2024E) | US$ 3.74 Billion |
| Forecasted Market Value (2034F) | US$ 5.98 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.8% CAGR |
| East Asia Market Share (2024E) | 33.6% |
| United States Growth Rate (2024 to 2034) | 4.9% CAGR |
| Demand in Water Proofing (2024E) | US$ 2.52 Billion |
| Key Companies Profiled | Nobel Corporation; Swastik Tar Industries; GMC Roofing and Building Paper Products Inc.; Dayus Roofing; Maryland Paper Company LP; Warrior Roofing Mfg; Tarco Roofing; HAL Industries Inc.; IKO Industries Ltd; Carlisle Companies Inc.; CertainTeed; Siplast; Atlas Roofing Corporation; TAMKO Roofing Products Inc.; Johns Manville; Owens Corning. |
Tar paper is a paper with heavy grade containing tar. Tar paper is widely used in the building construction industry for waterproofing and roofing purposes. Tar paper is manufactured with additives like polyester or fiberglass, which give an additional tensile strength to the tar paper. Tar paper consists of a base that is made from natural materials like wood or polyester. The tar paper is then coated with layers of bitumen or asphalt. Asbestos fibers were used in tar paper in the early days.
The potential hazards posed by asbestos fibers impelled building supply manufacturers to use other alternatives. Tar paper manufacturers now use cellulose fibers, which are comparatively less harmful than asbestos fibers. Tar paper is named asphalt-saturated roofing felt or bitumen tar paper, depending upon the coating material used. Tar paper used in roofing underlayment is generally asphalt-saturated organic felts. These tar papers are combinations of asphalt and organic felts.
Tar paper has a variety of functions, including water repelling, backup protection against ice or water damage, weather protection, roof deck protection, and protection from wood resin stains. Tar paper is used with shingles to meet the class A fire ratings in the U.S. Tar paper gives a better look to roofs, and improves uniformity as well.
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Market Dynamics
The growth of the construction industry is a key factor that is expected to help in the growth of the tar paper market. Regions with snow or rainy weather conditions are expected to boost the sales of tar paper. The property of tar paper to resist fire is also expected to help in the sales growth of tar paper. Tar paper is applied to a wide range of bases, including wood and polyester, which are natural and synthetic, respectively.
The versatile uses of tar paper with both bases, i.e., natural and synthetic, are expected to drive the demand for tar paper during the forecast period. Excess heat absorption by tar paper is expected to retard its sales in regions that experience hot weather conditions. Tar paper is also ineffective in wind resistance, which is also expected to slow down the market growth of tar paper.
Regional Outlook
The growing population in China and India has resulted in the growth of construction industries in these countries. The growth of these industries in China and India is expected to help in the market growth of tar paper. Europe has also shown significant growth in its construction industry. This construction industry growth is expected to help in stimulating the sales of tar paper in the region.
Due to the climatic conditions in the European region, the tar paper market is expected to have good growth in the coming years. Some parts of the North American region have the potential for the growth of tar paper sales, due to the extreme climate conditions there. The construction sector growth in the North American region is also expected to create a platform for the sales of tar paper.
Latin America, with its moderately growing construction industry, is expected to help in the tar paper market up to a certain extent. Tar paper sales in the Southeast Asian region are expected to increase in the coming years, owing to the growth of the construction industry in this region in recent years. Japan, with its moderately growing construction industry, is also expected to help in the sales growth of tar paper soon.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application, and base.
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The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Competitive landscape highlights only certain players
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of the Tar Paper Market:
-
By Base :
- Polyesters
- Wood
- Others
-
By Application :
- Water Proofing
- Roofing
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Application
- 6.2. Base
- 7. Global Market Analysis and Forecast, By Application
- 7.1. Water Proofing
- 7.2. Roofing
- 8. Global Market Analysis and Forecast, By Base
- 8.1. Polyesters
- 8.2. Wood
- 8.3. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Application and Base for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Nobel Corporation
- 19.2. Swastik Tar Industries
- 19.3. GMC Roofing and Building Paper Products Inc.
- 19.4. Dayus Roofing
- 19.5. Maryland Paper Company LP
- 19.6. Warrior Roofing Mfg
- 19.7. Tarco Roofing
- 19.8. HAL Industries Inc.
- 19.9. IKO Industries Ltd
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Application
Table 3: Global Market US$ Mn Forecast by Base
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Application
Table 6: North America Market US$ Mn Forecast by Base
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Application
Table 9: Latin America Market US$ Mn Forecast by Base
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Application
Table 12: Western Europe Market US$ Mn Forecast by Base
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Application
Table 15: Eastern Europe Market US$ Mn Forecast by Base
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Application
Table 18: Asia Pacific Market US$ Mn Forecast by Base
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Application
Table 21: East Asia Market US$ Mn Forecast by Base
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Application
Table 24: MEA Market US$ Mn Forecast by Base
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Base
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the tar paper market growth outlook?
The size of the tar paper market is projected to expand at a 4.8% CAGR from 2024 to 2034.
Why tar paper market have a high growth potential?
One important factor that is contributing to the growth of the tar paper market is the expansion of the construction sector.
Which region is offering remunerative opportunities for manufacturers in the market?
East Asia is approximated to capture a 33.6% share of the global market by 2034.
Tar Paper Market