Roofing Materials Market Industry Analysis Report, Regional Outlook, Forecast, 2017 – 2024
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Global Roofing Materials Market size is witnessing growth owing to increase in demand for product from residential, nonresidential and commercial sectors in the developing economies. In addition, with wide range of construction and renovation works going on across the world, the manufacturers of product are finding a significant scope of opportunities.
The roofing materials market is also effectively determined using single ply roofing materials systems, which are cost effective and flexible coupled with high rates of renovation technology in the developed countries of the world.
Growth of energy efficient roofs and eco-friendly components are some of the propelling factors for roofing materials market growth. Improved standards of living and migration of people from rural to urban areas resulting in increase for construction projects are driving factors for the growth of the roofing materials market.
Roofing Materials Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
Asia Pacific is expected to lead the global roofing materials market due to rapid industrialization and increased urbanizations in the region. China is the leading player in Asia Pacific roofing materials market, followed by India, Japan, Australia, Malaysia, South Korea and Thailand.
Latin America is another advancing region to attract manufacturers as there are large number of construction activity going on particularly in Brazil and Argentina. Gradual increase in local ceiling technologies is anticipated to boost the market.
North America is relatively a matured market as compared to other regions and is increasing at a slower growth rate due to development of BUR and SPR technologies in the regional market. Various global manufacturers have focused on strategic acquisitions and partnerships with other companies to expand roofing materials market growth.
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