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Roofing Materials Industry is Projected to Grow at Approximately 3 % By 2023

Roofing Materials Industry is Projected to Grow at Approximately 3 % By 2023

Market research future published a half cooked research report on global roofing materials market. The market for global roofing materials market is expected to grow over the CAGR of around 3 % during the period 2016 to 2023

Global Roofing materials market Information by Product (Tile Roof, Metal Roof, Plastic Roof, Others), By Application (Residential, Non-Residential) and By Region – Forecast To 2023

Market Highlights

The roofing materials market is majorly driven by the increase in the investments in real-estate, especially by the developments of the new commercial buildings such as hotels and shopping malls. The growth in construction and renovation activities is adding to the growth. The development of energy efficient cool roofs and the increase in use of eco-friendly materials for the roofing of residential & non-residential infrastructure, are other growth drivers of the global roofing materials market.

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.

The key players of global roofing materials market include GAF Materials Corporation (U.S.), Atlas Roofing Corporation (U.S.), CertainTeed Corporation (U.S.), Owens Corning Corp.(U.S.), Braas Monier Building Group (Europe), Etex (Belgium), Fletcher Building Limited (New Zealand), TAMKO Building Products, Inc. (U.S.), Icopal Holding Aps (Denmark), North American Roofing (U.S.) and others.

Get a sample report at https://www.marketresearchfuture.com/sample_request/3575 .

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.   

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.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global roofing materials market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Browse Complete Report at https://www.marketresearchfuture.com/reports/roofing-materials-market-3575 .

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.

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.  The report for Global Roofing materials market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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