Global Roofing Materials Market, By Type (Materials, Chemicals), Application (Residential, Non-Residential, Commercial, Others), Product (Asphalt Shingles, Concrete and Clay Tile, Tile Roof, Metal Roof, Plastic Roof, Elastomers Roof, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Roofing Materials Market
The roofing materials market is expected to witness market growth at a rate of 2% in the forecast period of 2022 to 2029. Data Bridge Market Research report on roofing materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the investments in the renovation and redevelopment of residential and commercial buildings is escalating the growth of roofing materials market.
Roofing material referred to as the outermost layer on the building's roof, usually supported by a structure at its base. The roofing material of a building offers protection against the natural elements. Depending on the obtainable material and the nature of the supporting structure, the external layer of a roof shows a great difference.
Major factors that expected to boost the growth of the roofing materials market in the forecast period due to the rise in the need for reroofing activities. Furthermore, the growing residential sector is further anticipated to propel the growth of the roofing materials market. Moreover, the rising need for office spaces is further roofing materials market. On the other hand, the growing expenses installation costs is further projected to impede the growth of the roofing materials market in the timeline period.
In addition, the development in construction industry will further provide potential opportunities for the growth of the roofing materials market in the coming years. However, the increased end manufacturing capital might further challenge the growth of the roofing materials market in the near future.
This roofing materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the roofing materials market, contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Roofing Materials Market Scope and Market Size
The roofing materials market is segmented on the basis of type, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the roofing materials market is segmented into materials, and chemicals.
- On the basis of product, the roofing materials market is bifurcated into asphalt shingles, concrete and clay tile, tile roof, metal roof, plastic roof, elastomers roof and others.
- On the basis of application, the roofing materials market is divided into residential, non-residential, commercial and others.
Roofing Materials Market Country Level Analysis
The roofing materials market is segmented on the basis of type, product and application.
The countries covered in the roofing materials market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the roofing materials market due to the increase in the industrial operations. Furthermore, the rise in the need for building and construction activities will further boost the growth of the roofing materials market in the region during the forecast period. Europe is projected to observe significant amount of growth in the roofing materials market due to the rise in the attention on housing development activities. Moreover, the severe shortage of housing is further anticipated to propel the growth of the roofing materials market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Roofing Materials Market Share Analysis
The roofing materials market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the roofing materials market.
Some of the major players operating in the roofing materials market are GAF, Atlas Roofing Corporation, CERTAINTEED, BMI Group, Owens Corning, BMI Group, Etex Group, Fletcher Building, TAMKO Building Products LLC, North American Roofing Services, Inc., Siam Cement Group, CSR Limited, SCG, Saint-Gobain, Carlisle Companies Inc., and Johns Manville among others.
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