Global Steep Slope Roofing Materials Market to Exhibit a CAGR of Nearly 3% During 2018-2022 to reach a figure of about US$ 14,630 Mn by end 2022

Press Release – 07 Jan 2019
Research and Development News --
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Latest Update "Steep Slope Roofing Materials Market: North America to Dominate the Market in Revenue Terms" with Industries Survey | Global Current Growth and Future.
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The demand of steep slope roofing materials is tied to the growth in the construction industry. Increasing disposable income also plays a major part in the growth of steep slope roofing materials market. Besides, macro-economic factors like a growing population and improvement in the overall economy growth rate also play their part in the growth of this market. However, an economic slowdown in some regions of the world has adversely affected the growth of the construction industry, thereby adversely impacting the demand for steep slope roofing materials.  
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According to the assessment of Persistence Market Research, the global steep slope roofing materials market is forecasted to reach a figure of about US$ 14,630 Mn in 2022 and is poised to exhibit a sluggish CAGR in the period of assessment.

“North America Market Set to Dominate the Global Steep Slope Roofing Materials Market in Terms of Revenue”

The market in North America is set to dominate the global steep slope roofing materials market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America steep slope roofing materials market is the most attractive market, growing at a sluggish CAGR over the forecast period.

“Asphalt Shingle Segment Slated to Touch a Value of Nearly US$ 9,200 Mn in 2022”

According to the projections of Persistence Market Research, the asphalt shingle segment is expected to reach a value of about US$ 9,200 Mn in the year 2022. This signifies a sluggish CAGR during the forecast period of 2017-2022. The asphalt shingle segment is estimated to account for nearly two-thirds of the revenue share of the material type segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
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According to the assessment of Persistence Market Research, the global steep slope roofing materials market is forecasted to reach a figure of about US$ 14,630 Mn in 2022 and is poised to exhibit a sluggish CAGR in the period of assessment.

“North America Market Set to Dominate the Global Steep Slope Roofing Materials Market in Terms of Revenue”

The market in North America is set to dominate the global steep slope roofing materials market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America steep slope roofing materials market is the most attractive market, growing at a sluggish CAGR over the forecast period.

“Asphalt Shingle Segment Slated to Touch a Value of Nearly US$ 9,200 Mn in 2022”

According to the projections of Persistence Market Research, the asphalt shingle segment is expected to reach a value of about US$ 9,200 Mn in the year 2022. This signifies a sluggish CAGR during the forecast period of 2017-2022. The asphalt shingle segment is estimated to account for nearly two-thirds of the revenue share of the material type segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.

“Report Structure”

In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global steep slope roofing materials market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.

A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global steep slope roofing materials market.

Market Taxonomy

Material Type
- Asphalt shingle
- Tiles
- Metal
- Concrete
- Slate
- Wood

End Market
- New Construction
- Re-roofing

Form
- Strips
- Laminates
- Heavy Weight Laminates

Region
- North America
- Latin America
- Europe
- Japan
- Asia Pacific excluding Japan
- Middle East and Africa

Continue.....
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This release was published on openPR.