Press release
Roofing Market: Opportunities, Challenges, Drivers, and Business Growth Forecast for 2024-2031 | Duro-Last, Inc, Atlas Roofing Corporation, 3M, Dow.
Roofing Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Roofing market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Roofing Market reached USD 129.4 million in 2023 and is expected to reach USD 181.2 million by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.
What is Roofing Market?
The roofing market encompasses the industry focused on the manufacturing, distribution, and installation of roofing materials and systems. This sector includes various products such as asphalt shingles, metal roofing, tiles, and membranes used in residential, commercial, and industrial applications. Driven by factors like urbanization, climate change, and the demand for energy-efficient solutions, the roofing market is evolving with innovative technologies and sustainable materials, enhancing durability and performance.
Growth Driver
Growing Demand for Eco-Friendly Roofing Materials
Green roofs are becoming increasingly popular due to their ability to provide excellent insulation, which can significantly reduce the need for heating and cooling in buildings. The layers of vegetation and soil not only look beautiful but also serve as effective thermal barriers. They help maintain comfortable indoor temperatures, leading to lower energy consumption for heating and air conditioning. As a result, homeowners can enjoy savings on their energy bills while contributing to the overall energy efficiency of their buildings.
Key Players:
Profiles of some of the major players in the global Roofing market, which include Duro-Last, Inc, Atlas Roofing Corporation, 3M, Dow, BASF SE, BMI Group, Johns Manville, Siplast, IKO Polymeric and Godfrey Roofing Inc.
Industry Development:
On July 4, 2023, KPG ROOFING unveiled its new company mascot-a charming roof tile character-during the Roof India Expo. While the mascot has yet to receive an official name, the in-house team fondly refers to it as "odumkuttan," meaning "roof tiles boy" in Malayalam. This playful addition aims to enhance the company's brand identity, creating a relatable and memorable connection with customers in the roofing industry.
On February 14, 2023, Darin Lavine and the team at Blue Star Roofing, Inc. launched a new website designed to showcase their residential and commercial roofing services. Recognized as a leading choice for "roofing companies near me" in the Orlando area, Blue Star Roofing specializes in both residential and commercial roofing projects, enhancing their visibility and accessibility to potential clients.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Roofing market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Material, Chemicals.
By Packaging Product: Concrete & Clay tile roof, Asphalt Shingles, Metal Roofs, Elastomers & Plastic Roofs, Tile Roofs, Bituminous Roof, Other.
By Application: Residential, Commercial, Non- Residential, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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Contact Person: Sai Kiran
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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