The global Roofing Materials Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Roofing Materials market is estimated to develop at a CAGR of 3.1% for the duration of the prediction. The demand for the roofing material is estimated to be powered by increasing construction actions of housing building in industrialized nations, similar to the U.S.A., these are projected to record an optimistic development percentage.
Key Players:
- GAF Materials Corporation
- Atlas Roofing Corporation
- CertainTeed Corporation
- Owens Corning Corp.
- Braas Monier Building Group
- Etex
- Fletcher Building Limited
- TAMKO Building Products, Inc.
- IcoPal ApS.
- North American Roofing
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Application Outlook:
- Residential
- Non-residential
The subdivision of Housing application scheduled to be speedy as the biggest application sector. Improving business of housing creation in industrialized areas is expected to upkeep the new-fangled market for residential roofing along with the actions of re-roofing actions; thereby resulting in growing demand.
In developing marketplaces, forthcoming industrialized amenities and manufacturing progress are expected to outcome in growing demand, for these materials in the subdivision of none-housing. In the area of Asia Pacific, the subdivision of non-housing application projected to record the maximum percentage of development.
Product Outlook:
- Asphalt shingles
- Tile roof
- Metal roof
- Plastic roof
The subdivision of Metal Roofs is projected to appear as the speedily developing product for the period of the prediction. They are long lasting. Even though these shingles take great early prices, but their long-standing price identified to be small. Copper, Aluminum, Stainless steel etc. are maximum extensively utilized materials for the production of metal shingles.
In developing markets, the idea of metal shingles is presented to substitute the boards made up of asbestos cement. The demand for this subdivision of product is scheduled to increase ground by way of the improvement of pre-engineered steel buildings for non-housing applications. The subdivision of Tile Roofs is projected to appear by way of the biggest subdivision of the product however expected to record small percentage of development as equated to asphalt shingles. In the last few years, designers have favored earthen tiles for housing construction due to ecological along with a visual benefit, which they deliver. In the fresh years, shingles extensively utilized in the North American market have observed robust growth in emerging areas due to comfort of setting up, sturdiness, and reasonable price.
Regional Outlook:
By the source of geography, the Asia Pacific is projected to appear as the biggest region along with the speedily developing area. Growing actions of substructure expansion for example, creation, and makeover of IT Parks, SEZs, and Airports have given rise to growing demand for effectual roofing arrangements. Largely, the market for the roofing materials, in this area, expected to record strong development. It reinforced by stable development in substructure combined with growing per head earnings.
North America is scheduled to record the subsequent maximum development percentage. The existence of important companies and their capability to propose an extensive variety of product to the customers, estimated to perform a vital part to back the development of the industry. North America is expected to develop at a CAGR of 2.9% for the duration of prediction.
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