Roofing Materials Market is expected to grow with 3% CAGR during the forecast period

Market Synopsis of Roofing materials market
The major factor driving the Global Roofing Materials Market is the rise in the demand for roofing and re-roofing activities across the globe. The growth of the market is also driven by the rapid urbanization and industrialization, which is leading to the rise in the number of construction activities. The market is driven mainly by the increase in demand from residential, non-residential and commercial sectors in the emerging economies.
The Roofing Materials Market is expected to grow with 3% CAGR during the forecast period.

The Global Roofing Materials Market is majorly driven by the increase in demand from the residential and the non-residential sectors, majorly in the developing economies across the globe. The increase in the number of construction activities is driving the need for innovations in the roofing materials. The growth of the market is driven by the growth of the energy- efficient roofs and the use of eco-friendly components as roofing materials. The improvement in the standard of living of the people and the migration of people from rural to urban areas, are leading to the increase in number of construction projects. This is further driving the demand for the roofing materials.

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Geographically, the Roofing Materials Market has been segmented as North America, Asia-Pacific, Europe and Rest of the world. Asia-Pacific region is expected to dominate the global roofing materials market, owing to factors such as rapid urbanization and industrialization, which lead to the increase in construction activities. The rise in the disposable income of the people in the region, is also leading to development of better infrastructure and increase in demand for better quality roofing materials. North America is expected to grow with the increasing number of renovation activities and the rising construction activities in the region.

Market Research Analysis:
Based on all types of products, the Roofing Materials Market has been segmented as Tile Roof, Metal Roof, Plastic Roof and Others. The Tile roof segment is expected to grow the highest during the forecast period. The tile roofs perform better during harsh weather conditions than other products. Tile roof works well as an insulator, which helps to keep the constructions warm in winter and cool in summers. Tile roofs are also fire-proof and have the ability to resist damage caused by hurricanes, earthquakes, and other extreme weather conditions.

Based on applications, the Roofing Materials Market has been segmented as residential and non-residential. The residential segment is expected to grow the fastest during the forecast period. The growth can be attributed to the construction and renovation activities of residences, across developing nations. The non-residential segment is expected to grow due to factors such as the increasing manufacturing facilities and the ongoing industrial developments across the world.

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Scope of the Report:
This study provides an overview of the Global Roofing Materials Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Roofing Materials Market by its product, application and region.

By product
• Tile Roof
• Metal Roof
• Plastic Roof
• Others

By application
• Residential
• Non-Residential

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

Regional Analysis:
The Asia-Pacific region is the fastest growing region for the roofing materials market, owing to rising disposable incomes and the booming construction industry. The increasing urbanization and the industrialization in the developing nations are adding to the growth of the Asia-Pacific region.

Key Points from Table of Contents:

7 Competitive Analysis

7.1 Introduction

7.2 Competitive Scenario
7.2.1 Market Share Analysis
7.2.2 Market Development Analysis
7.2.3 Product/Service Benchmarking

7.3 GAF Materials Corporation (U.S.)
7.3.1 Overview
7.3.2 Product/Service Offering
7.3.3 Strategy

7.4 Atlas Roofing Corporation (U.S.)
7.4.1 Overview
7.4.2 Product/Service Offering
7.4.3 Strategy

7.5 CertainTeed Corporation (U.S.)
7.5.1 Overview
7.5.2 Product/Service Offering
7.5.3 Strategy

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