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Roofing Market by Application, Types, End-User, Regional Analysis and Forecast to 2016 – 2024
View Full Report: https://www.transparencymarketresearch.com/roofing-market.html
The steady growth of the construction industry in most emerging economies and the stable demand for roofing structures mostly for renovation activities in developed economies are at the core of the healthy growth of the global roofing market. Rapid pace of urbanization in emerging economies across regions such as Asia Pacific, Latin America, and Africa constantly continue to fuel the global roofing market. Rapid rise in population in urban settings is leading to an urgent need for new housing, leading to a steady rise in demand for roofing structures across the globe.
In developed regions such as Europe and North America, stringent environment regulations are compelling consumers to undertake renovation activities to make buildings environment-friendly. This trend is playing a key role in pushing the demand for roofing structures in these regions. Energy conservation initiatives are also driving the market for roofing in these regions as environmentally-oriented roofs witness increased demand from consumers. As the demand for such roofs increase, companies could benefit immensely from economies of scale.
The global roofing market features a largely fragmented vendor landscape and a high level of competition owing to the presence of a large number of large and small international and domestic companies, observes Transparency Market Research (TMR) in a recent report. Large international companies dominate the market, holding a significant share of the market’s overall revenue. Nevertheless, small regional and domestic companies command strong hold in regional markets with emerging economies that feature a lucrative construction sector. To supersede competitors, companies are resorting to the production of novel and advanced roofing types, including solar roofing.
Some of the leading companies in the market are Atlas Roofing Corporation, Johns Manville, IKO Industries Ltd., Carlisle, GAF, Firestone Building Products Company, and Owens Corning.
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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.
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