Global Tar Paper Market Overview
The Tar Paper Market Size was estimated at 10.56 (USD Billion) in 2022. The Tar Paper Industry is expected to grow from 10.76(USD Billion) in 2023 to 12.76 (USD Billion) by 2032. The Tar Paper Market CAGR (growth rate) is expected to be around 1.92% during the forecast period (2024 - 2032).
Key Tar Paper Market Trends Highlighted
Amidst the evolving construction industry, tar paper holds its significance as a versatile material. Its water-resistant properties and ease of application make it indispensable for roofing, foundation work, and other moisture-proofing applications. Recent trends have witnessed a surge in demand for tar paper, owing to the growing emphasis on energy efficiency in buildings and infrastructure.Key market drivers include increasing urbanization and infrastructure development, coupled with the need for durable and cost-effective roofing solutions. Additionally, the adoption of eco-friendly practices has led to a preference for recycled and sustainable tar paper products.Opportunities lie in the exploration of untapped markets in developing regions, where demand is anticipated to rise with the expansion of construction activities. Technological advancements are also expected to provide opportunities for innovative tar paper products with enhanced performance and durability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Tar Paper Market Drivers
Rising Demand for Roofing Applications
Tar paper, or roofing felt, is a fairly efficient and universal product used in roofing works. The material consists of a base sheet made of organic or inorganic materials, most commonly cellulose or glass fibers, with its other side saturated with asphalt or coal tar. It performs several functions, such as a waterproof barrier, since it is the final layer before the shingles, protecting the roof’s wood from moisture and UV by being treated with special agents and increasing the overall robustness of the roof.The major factor affecting the demand for tar paper and, hence, the growth of its market is the rapid growth in the developing regions, which involves a larger number of construction works. As a result, the demand for low-cost, effective roofing products will increase substantially in the upcoming decade. Moreover, the growing popularity of the slope-roofed houses increases demand for underlayment layers that would keep the water away.As for the U.S., another growth factor is the government policy that actively stimulates energy-efficient solutions. Since roofing usually comprises a considerable part of the building, an increasing number of contractors and customers will resort to insulated underlayment layers and tar paper.
Growing Adoption in Non-Roofing Applications
In addition to its traditional use in roofing, it is currently experiencing an increase in the number of applications in non-roofing. First, tar paper is applicable in numerous non-roofing industrial and commercial applications, as it is versatile and resistant to moisture. Its primary use is as a wrapping material to protect pipes, cables, and various other products and objects from moisture, corrosion, and abrasion. Furthermore, tar paper is used as a soundproofing material in the walls and floors of buildings and industrial settings.The material is also used in automotive applications as an underlay for the carpets and the upholstered parts of the vehicle interior, as it provides insulation and moisture protection. As industries continue to discover new applications for tar paper, the non-roofing segment is likely to become one of the most rapidly growing portions of the market.
Increasing Focus on Sustainable Building Practices
Another important factor driving the tar paper market is the increasing focus on sustainable building practices. This material is considered to be environmentally friendly, as it is characterized by strong durability, recyclability, and the ability to make a contribution to increasing energy efficiency. Today, in accordance with the growing awareness of governments and customers about the negative impacts of building materials on the environment, the demand for sustainable construction and roofing has increased.In this respect, too, tar paper meets the stated requirements and is consistent with the principles of green building. This factor is one of the possible reasons according to which using tar paper in the context of practices inherent in sustainable construction can drive the demand and overall market growth.
Tar Paper Market Segment Insights
Tar Paper Market Application Insights
The increasing demand for tar paper in various applications, including roofing, concrete curing, dike lining, anti-corrosion pipe wrapping, and moisture barriers, is one of the key factors for the growth of this market. Roofing Tar paper is used as an underlayment in roofing systems which acts as a waterproof barrier between the wooden deck and the roofing material. Roofs are vulnerable to moisture penetration which can damage the structure and also lead to the growth of mold. The roofing market is estimated to grow at a CAGR of 3.7% over the next ten years, reaching USD 132.5 billion by 2032.The growth of this market is attributed to the increasing construction activities in both developed and developing countries, along with the rising demand for building materials that are sustainable and energy-efficient. Concrete Curing Tar paper is used as a curing agent for concrete which helps to retain moisture and prevents the concrete from drying too quickly and shrinking or cracking. The concrete curing market is projected to grow at a CAGR of 4.2% over the forecast period, reaching USD 5.6 billion by 2032. The growth of this market is attributed to the increasing demand for concrete in construction projects, especially in emerging economies.Dike Lining Tar paper is a waterproof lining material used in dikes and other water containment structures in order to fill the gaps on dikes and serve as a barrier against erosion and water seepage. The dike lining market is estimated to grow at a CAGR of 2.5% over the next ten years, reaching USD 1.8 billion by 2032. The growth of this market is attributed to the increasing demand for flood control and water management solutions across the globe. Anti-corrosion pipe, Wrapping Tar paper, is used as a wrapping material for underground pipelines as a means of protection from corrosion to increase the longevity of the pipes.The anti-corrosion pipe wrapping market is projected to grow at a CAGR of 3.1% over the forecast period, reaching USD 6.5 billion by 2032. The growth of this market is attributed to the upcoming pipeline projects, mainly in the oil gas industry. Moisture Barrier Tar paper is used as a moisture barrier in construction, packaging, and agriculture applications. Moisture barrier paper is used to prevent moisture penetration, which can damage and deteriorate the contents of the bag or box. The moisture barrier market is estimated to reach a value of USD 12.0 billion by 2032, growing at a CAGR of 4.0% over the forecast period.The growth of this market is attributed to the increasing demand for moisture-resistant materials and packaging solutions, mainly in the food and beverage industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Tar Paper Market Raw Material Insights
The crude tar segment, by raw material is expected to have a lower market share as compared to other segments since crude tar is primarily used as a feedstock for the production of refined tar. In the rubber industry, coal tar is used as a raw material in the production of block rubber, reclaim rubber, and molded extruded rubber. In the mothproofing, detergent, printing, and hat manufacturing industries, coal tar is vinegar also selected as an indispensable chemical as it acts as a raw material for molding synthetic phenol-formaldehyde resins and fragrances and also acts as a protector.It is expected that the refined tar segment is expected to have a moderate growth rate. It is used in the production of roofing felt and provides building protection from the heat of the sun and from other natural elements for a longer time than non-neat felt. Being an acid-resistant substance, it can also be used for making critical equipment.
Tar Paper Market Grade Insights
The Grade segment of the Tar Paper Market is categorized into 15 lb, 16 lb, 18 lb, and 30 lb. Among these, the 15 lb segment is projected to dominate the market with a significant share in 2023, valued at $1.82 billion. This dominance is attributed to its wide applications in roofing and construction industries, particularly for low-slope roofing systems and underlayments. The 16 lb and 18 lb segments are also expected to witness steady growth, driven by their usage in various construction projects, including residential and commercial buildings.The 30 lb segment, on the other hand, is anticipated to experience moderate growth, primarily due to its specialized applications in roofing systems for heavy-duty industrial and commercial buildings. The overall market growth for the Grade segment is influenced by factors such as increasing construction activities, rising demand for roofing solutions, and growing urbanization, leading to an expected valuation of $2.13 billion by 2032.
Tar Paper Market Packaging Insights
The Packaging segment held a significant share of the Tar Paper Market revenue in 2023, and it is projected to continue its dominance throughout the forecast period. This growth is attributed to the increasing demand for tar paper in the packaging industry, particularly for wrapping fragile items, lining crates and barrels, and protecting products from moisture and damage during transportation. Within the Packaging segment, the Rolls sub-segment accounts for the largest market share due to its versatility and ease of handling. Rolls of tar paper can be easily cut and customized to fit various packaging needs, making them suitable for a wide range of products.The Sheets sub-segment is also gaining traction as it offers precise dimensions and can be used for specific packaging applications. Bulk tar paper, on the other hand, is primarily utilized for large-scale packaging operations and provides cost-effective protection for heavy-duty products. The Tar Paper Market is expected to witness steady growth in the coming years, driven by the increasing demand for packaging solutions in various industries, including food and beverage, electronics, and pharmaceuticals. The growing emphasis on sustainable packaging practices is also expected to contribute to the market growth, as tar paper is a biodegradable and recyclable material.
Tar Paper Market End-user Insights
End-user segment plays a critical role in shaping the dynamics of the Tar Paper Market. The market is primarily driven by the demand from the construction industry, which is expected to account for a significant share of the market revenue in the coming years. The residential construction sector is anticipated to witness steady growth, fueled by increasing urbanization, rising disposable incomes, and government initiatives promoting affordable housing. The commercial construction segment is also projected to contribute substantially to the market growth, driven by the expansion of the retail, hospitality, and healthcare sectors.Furthermore, the industrial construction sector is expected to witness moderate growth, supported by the rising demand for industrial facilities and warehouses. Overall, the end-user segmentation provides valuable insights into the key demand drivers and growth opportunities in the Tar Paper Market.
Tar Paper Market Regional Insights
The Tar Paper Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for tar paper in roofing and construction applications. The region is also home to some of the largest tar paper manufacturers in the world. Europe is expected to be the second-largest market for tar paper, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing construction activities in developing countries such as China and India.South America and MEA are expected to account for a smaller share of the tar paper market but are expected to grow at a steady pace during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Tar Paper Market Key Players And Competitive Insights
The leading players in the Tar Paper Market industry are innovating products and expanding their worldwide presence in order to cater to the growing demand of consumers. Tar Paper Market top players are primarily investing in research development projects to enhance the performance of their products. The tar paper market growth is driven by the rapid growth of demand from several end-user industries which are mainly construction, automotive, and packaging. The competitor landscape is highly fragmented and inclusive of few regional and multinational players. The key players in the market are executing strong strategies in order to remain dominant and enhance its reach. Moreover, they are acquiring Tar Paper Market companies or projects or joining forces or collaborating with them to market and develop their Tar Paper Market products and acquire the majority of the market share. GAF is one of the major Tar Paper Market top players who manufacture a broad spectrum of roof and building materials. The company offers a large Tar Paper Market product mix, including asphalt-saturated felt, roofing underlayment, and roofing shingles. The company has a broad distribution network and reach, enabling it to cater to customers around the world. Johns Manville is another key Tar Paper Market player that has strong prominence through its innovative insulation and roofing products. The company offers a broad range of tar paper materials which includes fiberglass insulation, cellouse insulation, and roofing membranes. The company has a firm dedication to sustainability and is producing environmentally sustainable products. CertainTeed, on the other hand, is a major building material manufacturer offering a diversified tar paper market product mix consisting of roofing shingles, siding, and insulation. The company invests heavily in research and development efforts and is committed to offering innovative solutions.
Key Companies in the Tar Paper Market Include:
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Carlisle Companies Inc.
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CertainTeed
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Siplast
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Atlas Roofing Corporation
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TAMKO Roofing Products Inc.
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Johns Manville
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Owens Corning
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Malarkey Roofing Products
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Versaco Roofing Limited
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IKO Industries Ltd
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Eagle Roofing Products
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GAF
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Genflex Roofing Systems
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Boral
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Firestone Building Products
Tar Paper Market Industry Developments
The tar paper market is projected to witness steady growth in the coming years, driven by rising demand from the construction industry. Tar paper is a durable and waterproof material that is widely used in roofing, flooring, and other construction applications.Major market players are focusing on product innovations and collaborations to expand their market share. For instance, in 2023, GAF Materials Corporation, a leading manufacturer of roofing materials, launched a new line of tar paper products designed to provide superior protection and longevity.Technological advancements, such as the development of eco-friendly tar paper alternatives, are also shaping the market landscape. Several companies are investing in research and development to create sustainable solutions that meet environmental regulations.The increasing adoption of green building practices is further driving the demand for tar paper, as it is a recyclable material that contributes to environmental sustainability.Key market trends include the growing popularity of flat roofing systems, the increasing demand for tar paper in developing countries, and the emergence of new applications in the automotive and packaging industries.
Tar Paper Market Segmentation Insights
Tar Paper Market Application Outlook
Tar Paper Market Raw Material Outlook
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Asphalt
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Coal tar
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Refined tar
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Crude tar
Tar Paper Market Grade Outlook
Tar Paper Market Packaging Outlook
Tar Paper Market End-user Outlook
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Residential construction
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Commercial construction
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Industrial Construction
Tar Paper Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.56(USD Billion) |
| Market Size 2023 |
10.76(USD Billion) |
| Market Size 2032 |
12.76(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
1.92% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Carlisle Companies Inc., CertainTeed, Siplast, Atlas Roofing Corporation, TAMKO Roofing Products Inc., Johns Manville, Owens Corning, Malarkey Roofing Products, Versaco Roofing Limited, IKO Industries Ltd, Eagle Roofing Products, GAF, Genflex Roofing Systems, Boral, Firestone Building Products |
| Segments Covered |
Application, Raw Material, Grade, Packaging, End-user, Regional |
| Key Market Opportunities |
Insulation and Roofing MaterialsWaterproofing and Protective BarriersPackaging and Industrial ApplicationsConstruction and InfrastructureSustainable and Environmentally Friendly Products |
| Key Market Dynamics |
Rising demand for roofing materialsIncreasing use in automotive applicationsGrowing industrialization in developing economiesTechnological advancements in manufacturing processesExpansion of construction activities |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The tar paper market size was valued at USD 10.76 billion in 2023 and is projected to grow at a CAGR of 1.92% from 2024 to 2032
Asia Pacific is expected to dominate the tar paper market during the forecast period, owing to the increasing demand for tar paper in the construction industry in this region.
The increasing demand for tar paper in the construction industry, particularly in developing countries, is a major factor driving the growth of the tar paper market. Additionally, the growing awareness of the environmental benefits of tar paper is also contributing to the market growth.
Tar paper is primarily used as a roofing material, but it also has applications in other areas, such as packaging, insulation, and soundproofing.
Some of the key competitors in the tar paper market include GAF, Owens Corning, CertainTeed, and Johns Manville.
The tar paper market is expected to grow at a CAGR of 1.92% from 2023 to 2032.
One of the major challenges faced by the tar paper market is the availability of substitutes, such as asphalt roofing shingles and metal roofing.
The growing demand for sustainable building materials is creating opportunities for growth in the tar paper market.
One of the key trends in the tar paper market is the increasing adoption of lightweight and durable tar paper products.
The tar paper market is exposed to risks such as fluctuations in the prices of raw materials and changes in government regulations.
