Press release
Steep Slope Roofing Materials Market Trends, Sales, Supply, Demand, Analysis & Forecast to 2025
Steep Slope Roofing Materials MarketThe global steep slope roofing materials market is slated to touch a value of about US$ 14.6 Bn in the year 2022 and grow at a sluggish CAGR during the assessment period.
Steep slope roofing materials are commonly used in both commercial and residential buildings. Steep slope roofs are designed to provide a watertight seal that protects the structure from moisture and other elements.
Steep slopes also make it possible for snow and ice to melt freely off the roof surface, preventing structural damage caused by heavy snow accumulation.
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The Steep Slope Roofing Materials Market is growing significantly as more people become aware of the need for durable, reliable solutions when it comes to protecting their homes and businesses. Steep slope roofs offer added protection against wind-driven rain, hail damage, and even ultraviolet light while providing superior energy efficiency over other types of roofing materials.
The Steep Slope Roofing Materials Market has seen increased demand due to greater consumer education and awareness, as well as technological advancements in roofing materials. Steep slope roofing materials such as metal roof panels, asphalt shingles, shakes and tiles offer a wide range of benefits for homeowners and businesses alike.
Metal roofs are becoming increasingly popular for their durability, aesthetics, energy efficiency and cost-effectiveness. Asphalt shingle products provide superior protection against UV damage while offering a more aesthetically pleasing look than traditional tile products.
Key Players-
• Owens Corning
• CertainTeed Corporation
• GAF
• Henry Company
• Malarkey Roofing Products
• IKO Production, Inc.
• Siplast Incorporated
• TAMKO Building Products, Inc.
• Tarco
• Polyglass USA, Inc.
• Atlas Roofing Corporation
• Others
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The Steep Slope Roofing Materials Market is anticipated to experience further growth over the next few years due to increasing demand from both residential and commercial markets. As more consumers become educated about the various benefits of steep slope roofing solutions, they will likely continue to purchase these products at a higher rate.
Steep slope roofing materials also offer superior energy efficiency, which is likely to further drive the market's growth in the future. As new technologies emerge, the Steep Slope Roofing Materials Market will continue to develop and expand.
In summary, Steep Slope Roofing Materials Market is growing rapidly due to increased consumer education and awareness as well as advances in technology. Steep slope roofs are an attractive option for both residential and commercial buildings because of their durability, aesthetics and energy efficiency.
The Steep Slope Roofing Materials Market is anticipated to experience further growth over the next few years driven by increasing demand from both residential and commercial markets. New technological advancements will likely continue to contribute to the Steep Slope Roofing Materials Market's growth in the future.
Hence, it is expected that Steep Slope Roofing Materials Market will remain an important sector in the market and continue to grow steadily.
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4 Forecast Highlights on Global Steep Slope Roofing Materials Market
• As per the forecast of Persistence Market Research, the tiles material type segment is slated to touch a value of nearly US$ 1,850 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The tiles material type segment is estimated to account for more than one-tenth of the revenue share of the material type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
• As per the forecast of Persistence Market Research, the re-roofing segment will reach a value of nearly US$ 9,350 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The re-roofing segment is forecasted to account for nearly three-fourths of the total revenue share of the end-market segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Persistence Market Research, the strips form type segment is slated to reach a value of nearly US$ 2,890 Mn in 2022. The strips form type segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the strips form type segment.
• Persistence Market Research forecasts the United States steep slope roofing materials market to exhibit a compound annual growth rate (CAGR) of less than 3% from 2017 to 2022.
However, contrary to this, the economic slowdown in certain regions of the world has negatively impacted the construction industry, consequently hampering the growth of the steep slope roofing materials market as well. The global steep slope roofing materials market is slated to touch a value of about US$ 14,630 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
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About PMR - Chemicals and Materials
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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