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Roofing Global Market 2025: A Steady Growth with a CAGR of 4.6% Aided by Real Estate Growth, Urbanization Trends, and Technological Innovations.
Roofing Global Market
What Is The Projected Market Size Of The Global Roofing Market And Its Growth Rate?
The roofing market is seeing steady growth and is projected to:
• Grow from $304.3 billion in 2024 to $318.4 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%.
• Further expand to $370.41 billion in 2029 at a CAGR of 3.9%.
This growth trend can be attributed to factors such as construction and real estate growth, urbanization trends, climate and weather conditions, architectural styles and trends, and maintenance and replacement needs.
What Is Driving The Growth In The Roofing Global Market?
The growth in the roofing market is driven by increasing infrastructure development. Infrastructure refers to the construction of physical structures such as bridges, highways, roads, and sewage systems. Roofing is essential for every construction as it helps in protecting the building against rain, snow, sunlight, wind, and extremes of temperature. The spending on infrastructure construction in the US escalated from $1.84 trillion in 2022 to $1.98 trillion by 2023, giving further traction to the roofing market.
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Who Are the Key Players Driving Roofing Market Growth?
Major players in the roofing market include:
• Hindalco Industries Ltd.
• ABC Roofing Company Inc.
• Owens Corning
• Carlisle Companies Inc.
• Etex SA
• GAF Materials Corporation
• CertainTeed Corporation
• BMI Group Services GmbH
• Atlas Roofing Corporation
• Tamko Building Products Inc.
What Are The Key Trends In The Roofing Market?
Major trends in the roofing market include:
• Customization and aesthetic trends in roof design
• Integration of green roofing practices
• Shift towards lightweight and modular roofing solutions
• Emphasis on weather-resistant coatings and sealants
• Technological integration in roofing installation and maintenance
What Are The Segments Of The Global Roofing Market?
The roofing market is segmented by:
1) Type: Flat Roof, Slope Roof
2) Roofing Material: Bituminous Roofing, Metal Roofing, Tile Roofing, Other Roofing Materials
3) Application: Residential, Commercial, Non-Residential
Which Region Leads The Roofing Global Market?
Asia-Pacific was the largest region in the roofing market in 2024. The regions covered in the roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Roofing Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Roofing Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Roofing Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Roofing Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Roofing Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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