Roofing Market Expected to Reach $156.0 Billion by 2030 | 3M Company, Atlas Roofing, BASF SE

The roofing industry experienced increased demand due to several factors, including extended durability, simplified installation processes, and the abundance of environmentally-friendly materials. Furthermore, the market saw advancements like the introduction of green roofing, which shields structures from intense solar heat during summer months and reduces heat loss in winter by incorporating additional insulation into roofs.

Additionally, the burgeoning roofing sector in developing nations like India, China, and Brazil is anticipated to drive up the need for roofing products even further.

Get Sample PDF Copy of This Research with All Updates @ https://www.alliedmarketresearch.com/request-sample/1881

The global roofing market size was valued at $102.4 billion in 2020 and is expected to reach $156.0 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Roofing products are used in various applications such as residential buildings, commercial buildings, and others. Commercial buildings accounted for the largest market share in the roofing market in 2020.

Increased adoption of modern roofing materials such as bitumen, tile, and metal has changed 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.

Enquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/1881

Asia-Pacific accounted for the maximum roofing market share in 2020, and is expected to maintain its lead during the forecast period. This is attributed to rise in income levels, rapid urbanization & industrialization, an increase in population &household income growth, as well as the governments' continuous efforts to expand and upgrade physical infrastructure.

Furthermore, residential and commercial segments acquire the top position inthe regional market 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.

In addition, government of different African countries invested heavily in residential and infrastructural projects across the continent, which has further strengthened the roofing market growth.

Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/1881

Top Players:
The key players profiled in the roofing market report include 3M Company, Atlas Roofing Corporation, BASF SE, Johns Manville, Duro-Last, Inc., E. I. Du Pont De Nemours, Inc., Owens Corning, Sika AG, Standard Industries Inc., and The Dow Chemical Company.

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Read More: https://medium.com/me/stories/public

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. 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.

This release was published on openPR.