Roofing Products Market Scope
Increasing product application in residential and commercial construction activities is projected to drive growth. The roof is a vital part of house construction that provides protection from natural elements and climatic conditions. Roofing products are external layers applied on the roof of a building. Rising focus on the construction of green, energy-efficient buildings leads to an increased demand for roofing materials. Furthermore, the durability associated with the variety of roofing materials such as asphalt shingles, metal roofs, and concrete and clay tiles is expected to have a positive impact on the market growth over the forecast period.
The market study is being classified by Type (Asphalt Shingles, Concrete & Clay Tiles, Metal Roofs, Plastics and Others), by Application (Residential and Commercial) and major geographies with country level break-up. According to AMA, the Global Roofing Products market is expected to see growth rate of 4.9%
Industry players are focusing on increasing their market share by expanding their product portfolio and providing a wide range of product choices in terms of color and texture to customers. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Roofing Products market throughout the predicted period.
GAF Materials Corporation (United States), Atlas Roofing Corporation (United States), Owens Corning (United States), Braas Monier Building Group (United Kingdom), Etex (Belgium), Boral Ltd. (Australia), Johns Manville (United States), Carlisle Companies Inc. (United States), TAMKO (United States) and DuPont (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Roofing Products market by Type, Application and Region.
On the basis of geography, the market of Roofing Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- The rate of urbanization is on the rise in developing countries and sub-regions due to the improvement in the standard of living
- The technological advancements have boosted the adoption of quality roofing systems
- The increasing expansion in the global construction industry
- The rise in awareness about sustainable construction materials in the region
- Increasing investments in the renovation and redevelopment of residential and commercial buildings
- Increase in re-roofing activities for existing buildings
- The rise in Demand for Metal Roofing
- The rise in demand for environmentally-friendly roofing materials
- Volatility in raw material prices
Key Target AudienceRoofing Products Manufacturer, Roofing Products Distributors, Roofing Products Suppliers, Government Regulatory Bodies, PrivateReaserch Organization, Government Research Organization and Others
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