openPR Logo
Press release

What's Drive the Roofing Market?

02-04-2020 04:06 AM CET | Industry, Real Estate & Construction

Press release from: Allied Analytics LLP

Roofing market

Roofing market

Roofing products witnessed a higher demand owing to longer life span, easy installation, and availability of eco-friendly roofing materials. Moreover, technological advancements such as introduction of green roofing, which protects the buildings from direct solar heat in summers and minimizes heat loss in winters through added insulation on the roof, has further strengthened the market growth. In addition, booming construction industry in the developing countries such as India, China, and Brazil is expected to increase the demand for roofing products. However, high initial installation costs of such roofing systems hamper the market growth. The impact of this factor is anticipated to reduce in future due to intense completion and technological advancements.

Roofing products are used in various applications such as residential buildings, commercial buildings, and others. Commercial buildings accounted for the largest market share in roofing industry around 37.2% in 2015. Increased adoption of modern roofing materials such as bitumen, tile, metal, and others have changed the commercial construction such as industrial buildings in the last two decades. In addition, increase in migration of population in Europe has created the need for commercial construction, thereby boosting the demand for roofing products.

Download Sample PDF@ https://www.alliedmarketresearch.com/request-sample/1881

The demand for roofing materials such as metals, tiles, membranes, fiberglass/plastics, and others is rising due to increasing non-residential construction activities such as power infrastructure, transport infrastructure, and others. Increased investments in non-residential infrastructures, such as transportation services, power plants, warehouses, manufacturing facilities, and production units, among others, is also expected to fuel the growth of the materials type segment of the global roofing market.

The global market for roofing industry was valued at $67,218 million in 2015 and is expected to reach $101,483 million by 2022, growing at a CAGR of 6.2% from 2016 to 2022, according to a new report published by Allied Market Research.Asia-Pacific generated the highest revenue in 2015, and is expected to maintain its lead, followed by North America and Europe.

Roofing market analysis has been done in the report on the basis of various segmentations which includes various segments. Major types of roofing products included in the report are bituminous roofing, metal roofing, tile roofing, and others (Plastic & RCC roofing). Bituminous roofing constituted the highest market share over 46.5% in 2015 owing to increased demand in residential and commercial buildings, technological innovations, and high durability.

Speak With Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/1881

Asia-Pacific region accounted for the maximum roofing market share in 2015, and is expected to maintain its lead throughout the forecast period. This is attributed to rise in income levels, rapid urbanization & industrialization, an increase in population and household income growth, as well as the governments continuing efforts to expand and upgrade the physical infrastructure.
Furthermore, residential and commercial segments of the market dominate in this region owing to the continuous growth of urban demographics. LAMEA witnessed significant growth due to easy availability of affordable and energy-efficient bituminous roofing system in Brazil. Also, government of different African countries invested heavily in residential and infrastructure projects across the continent, which has further strengthened the market growth.

Key Findings of Roofing Market
o In 2015, bituminous roofing accounted for the maximum market revenue, and is projected to grow at a CAGR of 6.6% during the forecast period.
o Residential application segment is expected to grow at a significant CAGR of 7.5%, owing to the increase in disposable income and new product developments.
o China is the major shareholder in the Asia-Pacific roofing industry, accounting for around 44.6% share in 2015. This growth is attributed to rise in building construction expenditures.
o In 2015, commercial application accounted for the highest market share in roofing industry accounted for around 37.2% and is projected to grow at a CAGR of 5.7% during the forecast period.
o The U.S. accounts for the largest customer base in North America roofing market in 2015, and is expected to maintain its dominance throughout the forecast period.

The key players have focused to expand their business operations in the emerging countries by adopting various strategies such as product enhancements and technological advancements. The key players operating in the market have focused on delivering reliable and customer- driven solutions for whole range of applications such as residential, commercial, and other construction buildings. The major players profiled in this report include Owens Corning, Brass Monier Building Group, Etex, Saint-Gobain, Wienerberger AG, Beacon Roofing Supply, Inc., Atlas Roofing Corporation, Duro-Last, Inc., and Carlisle.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's Drive the Roofing Market? here

News-ID: 1917396 • Views: 197

More Releases from Allied Analytics LLP

Tile Grout and Adhesives Market 2019 Global Trends, Statistics, and Regional Ana …
Rise in adoption of thermally treated tiles, growing popularity of outdoor entertaining area among residential end users, and surge in residential and non-residential construction activities drive the growth of the tile grout and adhesives market. However, threat of substitute products and fluctuations in foreign currencies may hamper the tile grout and adhesives market growth. Furthermore, increase in emphasis toward utilization of low VOC grout and adhesive is expected to offer
Pressure Reducing Valve Market Size Expansion by Top Players Profile Overview by …
Rise in demand from the oil & gas industry, surge in industrial processes, increase in number of industrial, and upsurge in need for automation in the process industries propel the growth of the global pressure reducing valve market. On the other hand, competition from domestic manufacturers and rise in prices of raw materials curtail down the growth to some extent. However, investments in oil & gas industry from emerging economies
Global Outlook of the Rigid Plastic Packaging Market Based on Rising Trends and …
The rigid plastic packaging market is expected to be driven by the growth in adoption of rigid plastic packaging in the food & beverages industry, and rise in demand from the healthcare industry. Key market players in rigid plastic packaging market aim to explore new technologies and products to meet the increasing customer demands. Product launch and business expansion are expected to enable them to expand their product portfolios and
How Technology has changed the Die Casting Machine Market?
Rise in demand for fuel-efficient, high performance, and low-emission vehicles coupled with surge in defense expenditure and increase in manufacturing of defense equipment in the private sector have boosted the growth of the global die casting machines market. Moreover, increase in manufacturing machinery industries and environmental regulations on emission for the forging industries hamper the market growth. On the contrary, technologies advancements in the die casting process are expected to

All 5 Releases


More Releases for Roofing

Steel Roofing Tiles Market
https://www.qandqmarketresearch.com/reports/7197214/steel-roofing-tiles-market-15 Steel roofing is a roofing system made from Steel pieces or tiles. Steel roofing can be a sensible way to protect home, especially if people live in an area that experiences a lot of storms, rapid temperature changes, beaming sun that melts asphalt, large hail, or heavy snowfall.?This report studies the Steel Roofing Tiles market. These heavy gauge 22 ga steel tiles are 2530% more expensive than their painted counterparts.
Global Roofing Underlayment Market 2018 - Boral Roofing LLC, Carlisle, GAF
The statistical surveying information incorporated into the Roofing Underlayment report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Roofing Underlayment based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Roofing Underlayment advertise covering key factors, for example, drivers and
US Roofing Market, 2025
IndexBox has just published a new report "World: Clay Tiles And Roofing - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-clay-tiles-and-roofing-market-report-analysis-and-forecast-to-2020/ ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering •
York Roofing Company Goes Green
TA Roofing in York have seen a growing demand for green roofing as many people are concerned about the environment as well as reducing their energy bills. Stuart Simpson, Managing Director of TA Roofing says: "We've installed green roofs on old and new properties throughout Yorkshire and they look fantastic, blending in with their surroundings and providing a beautiful garden." Green roofs provide better insulation, reduce stormwater runoff, filter pollutants, reduce energy
Russell Roofing Makes Prestigious Top 100 Roofing Contractors List
Philadelphia Roofing Company, Russell Roofing, is listed as number 71 in the USA for top 100 Roofing Contractors Oreland, PA, August 26, 2011 -- Leading roof repair company, Russell Roofing, has been listed at #71 in the national 2011 Top 100 Roofing Contractors List. Russell Roofing’s solid performance reveals its superior approach to service and quality has served it well in difficult economic times. The Top 100 Roofing Contractors List is compiled
Whitco Roofing, Inc. - Offers Additional Industrial and Commercial Roofing Servi …
Whitco Roofing recently expanded its website to give their clients more roofing solutions, to meet their needs. The idea of the move was to basically give their clients more roofing options, and services. The expansion should help their clients be aware of new products on the market, and help them make the best decision on their next industrial or commercial roofing project. Whitco now believe they offer not only the