Press release
Commercial Roofing Materials Market Size, Share | Industry Trends Analysis Report, 2024
According to a research report released by Transparency Market Research, the global commercial roofing materials market was consistently dominated by North America till recently. This region held a high demand for all segments of roofing within the market.
Browse Market Research Report @
http://www.transparencymarketresearch.com/commercial-roofing-materials-market.html
At the same time, the emergent economies are showing extremely positive growth rates in their construction activities, sparing a long term demand for commercial roofing materials. In terms of revenue, the global commercial roofing materials market is expected to be valued at US$7.81 bn by the end of 2016. After expanding at a CAGR of 3.6% from 2016 to 2024, this market’s revenue is expected to reach US$10.38 bn in 2024.
Construction Boom Primary Propeller for Commercial Roofing Materials’ Demand
“New construction generates a far greater demand for commercial roofing materials than restoration and renovation work. With that in mind, the accelerating rate of activities in the global construction industry over the recent past have formed the leading driver for the global commercial roofing materials market. After witnessing a severe downturn till 2008, the rate of construction activities across the world took off on a massive scale. A lot of the overall demand for commercial roofing materials is projected to continue coming from Asia Pacific, one of the leading regions when it comes to growth in demand for modern construction projects,” States a TMR analyst.
Other factors augmenting the global commercial roofing materials market at the moment include the growing use of roofing systems that incorporate singly-ply products due to their higher flexibility, ease of installation, and competitive pricing. Another driver for the market is the growing rate of restoration and renovation activities in developed economies where commercial roofing materials are found to be of great value.
Installation Costs High Enough to Hamper Overall Growth Rate
One of the key restraints currently acting on the global commercial roofing materials market is the high cost of installation of these roofs. Commercial roofing today incorporates several additions such as cool roofing and solar panel roofing to meet consumer demands. This, however, is leading to an inflation of prices of installing these roof types due to the high cost of the raw materials involved. Solar roofing is known to be highly expensive and commonly seen only in developed economies for the same reason. Thus price is currently a very restrictive concern for players in the global commercial roofing materials market.
“Despite pricing concerns, the global commercial roofing materials market is expected to progress at a very fast rate over the coming years, in terms of product developments. Advancements in technology can make manufacturing of commercial roofing a lot cheaper and help players gain a greater regional penetration. They can also allow players to derive successful product innovations that can help reduce costs and enhance scope of utility,” adds the analyst.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17882
The information presented in this review is based on a Transparency Market Research report, titled, “Commercial Roofing Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Key segments of the Global Commercial Roofing Materials Market
Global Commercial Roofing Materials Market: By Building Type
Low Sloped Roofing
Steep Sloped Roofing
Global Commercial Roofing Materials Market: By Materials Type
Single-Ply Products
Modified Bitumen Materials
Spray Polyurethane Foam (SPF)
Built-Up Roofing (BUR)
Metals
Others
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Commercial Roofing Materials Market Size, Share | Industry Trends Analysis Report, 2024 here
News-ID: 465563 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Roofing
A&W Roofing: Four Decades of Roofing Excellence Among Charlotte Roofing Companie …
A&W Roofing is celebrating over 40 years of serving the Charlotte community, earning a reputation for trust, craftsmanship, and roofing expertise. The family-owned company remains a leading provider of residential roofing throughout the Queen City.
A&W Roofing marks a significant milestone this year, celebrating over 40 years of service to the Charlotte community. With a legacy built on trust, expertise, and unparalleled artistry, this family-owned business continues to set the standard…
Swagg Roofing & Siding: Leading Roofing Contractor in Billings Delivering Excell …
As a trusted roofing company, Swagg Roofing & Siding has built a reputation for delivering top-notch roofing services that cater to the unique needs of the Billings community. Whether it's a minor repair or a complete roof replacement, this roofing contractor Billings residents rely on ensures every project is handled with precision and care.
When it comes to protecting homes and businesses from the unpredictable Montana weather, having a reliable roofing…
Swagg Roofing & Siding: Elevating Roofing Services in Billings with Expert Roofi …
Swagg Roofing & Siding specializes in a wide range of roofing services, ensuring that every project is handled with precision and care. Whether it's a minor repair or a complete roof replacement, the team at Swagg Roofing & Siding is equipped with the expertise and tools to deliver exceptional results. Their commitment to quality and customer satisfaction has made them a trusted name among roofing contractors in Billings.
When it comes…
FBM Roofing & Solar: Comprehensive Roofing Services from Texas' Premier Roofing …
FBM Roofing & Solar, a well-known roofing contractor in Texas, provides a comprehensive array of roofing services for residential and commercial clients. Since its establishment in 1978, FBM Roofing & Solar has earned a solid reputation for delivering top-quality work and ensuring customer satisfaction.
FBM Roofing & Solar, a renowned roofing contractor in Texas, offers a wide range of comprehensive roofing services to meet the needs of both residential and commercial…
Texas Roofing Services: Premier Roofing Expertise
In an environment where locating a trustworthy roofing professional can be as challenging as finding a needle in a haystack, Texas Choice Roofing shines as a beacon of trustworthiness and proficiency in the roofing field. Their unmatched commitment to excellence in workmanship and ensuring customer happiness distinguishes them as the premier option for all roofing needs.
In a world where finding a dependable roofer can feel like searching for a needle…
Roofing ProductsBoral Roofing, TAMKO, Malarkey, Eagle Roofing, DuPont, Metro Roo …
New York, United States : Our team of research specialists at Mr Accuracy Reports has published a stunning report on the Roofing Products Market which incorporates a 360-degree idea on its Supply Chain Analysis during the estimated period of 2022-2028. R&D activities play a very crucial part in the worldwide market as it helps us to figure out its present and future conditions. Besides, in this report, we are promising…
