Roofing Market Is Expected to Grasp the Value of USD 165.79 billion with Growing CAGR of 5.50% by 2029 |BASF SE ,Duro-Last Roofing, Inc. Owens Corning

 Global Roofing Market Definition

From the name itself, it is clear that roofing is a technique involving the use of certain materials such as polymer, concrete, metal, or others to build the roof of any given infrastructural facility. Roofing provides protection against rain, snow, sunlight, extremes of temperature, and wind. Roofing can be built with different shapes such as gabled, hipped, butterfly, arched, flat, mono-pitched, and domed.   

Data Bridge Market Research analyses that the roofing market value, which was USD 108.03 billion in 2021, is expected to reach the value of USD 165.79 billion by 2029, at a CAGR of 5.50% during the forecast period. "Materials" accounts for the most prominent type segment in the roofing market owing to the growing urbanization and increased investments in non-residential infrastructures, such as transportation services, power plants, warehouses, manufacturing facilities, and production units, among others. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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Global Roofing Market Analysis and Size

As important is the foundation of any given building or infrastructure, so is important the roofing part of it. Bitumen, ceramic coated granules, clay, sand, concrete, and polycarbonate are some of the common materials used in the construction of a roof of any given infrastructure. Nowadays, roofs can be used for a wide range of purposes, one of which is gardening.   

Top market players, major collaborations, merger, and acquisitions along with trending innovation and business policies are reviewed in the finest Roofing market report. Being a proficient and in depth market document, it focuses on primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. This market research report lends a hand to business with the quick decision making and helps to better manage marketing of goods which ultimately leads to growth in the business. A competitor analysis study is a crucial aspect of any market research report which highlights the strong and weak points of the competitors and also analyses their strategies with respect to product and market.

Competitive Landscape and Roofing Market Share Analysis

The roofing market competitive landscape provides details by 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 roofing market.

Some of the major players operating in the roofing market are:
Owens Corning (U.S.)
Duro-Last Roofing, Inc. (U.S.)
BASF SE (Germany)
3M (U.S.)
Dow (U.S.)
DuPont (U.S.)
Braas Monier Building Group (Luxembourg)
Sika AG (Switzerland)
Atlas Roofing Corporation (U.S.)
Innospec (U.S.)
ADEKA CORPORATION (Japan)
Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
PMC Specialties Group (U.S.)
Afton Chemical (U.S.)
The Lubrizol Corporation (U.S.)
Clariant (Switzerland)
LANXESS (Germany)
Mayzo, Inc. (U.S.)
Solvay (Belgium)
Akzo Nobel N.V. (Netherlands)
Arkema (France)
Eastman Chemical Company (U.S.)

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COVID-19 Impact on Roofing Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Several countries such as China, India, Brazil and many more imposed lockdown in this face which led to the shutdown of production and manufacturing facilities. The same applies to the roofing market. Supply chain of numerous manufacturing units was adversely affected in this period leading to a major drop in the revenues and profits. There is a huge hit to the market owing to the delay in manufacturing and production of roofing products which are utilized in residential and commercial spaces. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.

Global Roofing Market Scope

The roofing market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
Materials
Chemicals

On the basis of type, the roofing market is segmented into materials and chemicals.

Application
Residential
Commercial
Non-Residential
Others

The application segment of the roofing market is segmented into residential, commercial, non- residential and others.

Product  
Asphalt Shingles
Concrete and Clay Tile Roof
Metal Roofs
Elastomers and Plastic Roofs
Tile Roofs
Bituminous Roof
Others

Product segment of the roofing market is divided into asphalt shingles, concrete and clay tile roof, metal roofs, elastomers and plastic roofs, tile roofs, bituminous roof and others.

Roofing Market Regional Analysis/Insights

The roofing market is analyzed and market size insights and trends are provided by country, type, application and product as referenced above.

The countries covered in the roofing 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, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the roofing market in the forecast period of 2022 to 2029 due to increasing industrialization and urbanization and rising population which has led to increase in the commercial and residential infrastructure.  

How Research Study of DBMR helps clients in their decision-making:

Creating strategies for new product development
Supporting & Adjust Investment/business decisions
Benchmark and judge own competitiveness
Aiding in the business planning process
Serving as a credible, independent check on company internal forecasts
Supporting acquisition strategies

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