Roofing Materials Market Regional Outlook to 2025 - Sika, Johns Manville, Carlisle, Monier Group, Saint Gobain, Firestone Building Products, Owens Corning
Growth of energy efficient roofs and eco-friendly components are some of the propelling factors for roofing materials market growth. Improved standards of living and migration of people from rural to urban areas resulting in increase for construction projects are driving factors for the growth of the roofing materials market.
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North America is relatively a matured market as compared to other regions and is increasing at a slower growth rate due to development of BUR and SPR technologies in the regional market. Various global manufacturers have focused on strategic acquisitions and partnerships with other companies to expand roofing materials market growth.
Latin America is another advancing region to attract manufacturers as there are large number of construction activity going on particularly in Brazil and Argentina. Gradual increase in local ceiling technologies is anticipated to boost the roofing materials market.
Based on product type, tiles and shingles are the largest roofing materials market due to their high insulation techniques and low cost. Shingles and plates are most preferred residential ceiling products as they are highly durable and have a long-life span due to its high strength. Wood shingles, shakes, slates, asphalt shingles, asbestos and shingles are the most demanded shingles in market along with various tile including monk & nun, imbrex & tegula, Dutch roof and Mangalore tiles.
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Raw ingredients used in the construction of these constituents are commercially available products which includes tiles, thatches, plastic sheeting and slates. These products are known for mainly providing shelter from various natural climate. These are produced primarily from metal, cement, clay and bitumen. An extensive range of product is available depending upon performance, aesthetic structure and economic reasons. In recent years, housing designs are turned into an architectural trademark which apart from being ecofriendly is also aesthetically attractive, reasonably priced and structurally sound.
Key players included in roofing materials market are TAMKO Building Products, CertainTeed, Etex, GAF, Saint Gobain SA, Owens Corning, IcoPal ApS, Sika AG, Fletcher Building. Some of the other prominent players include Johns Manville, Carlisle, Monier Group, Firestone Building Products and Braas Monier Building Group.
These shingles and tiles have high initial cost with low long term prices. Aluminum, stainless steel and cooper are most commonly used for manufacturing shingles. Growth in this product segment is anticipated to flourish with the expansion of pre-engineered steel structures for nonresidential and commercial applications which will drive the roofing materials market.
Related News: https://www.marketwatch.com/press-release/roofing-materials-market-growth-analysis-report-by-regional-players-2019-2025-2019-10-17
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