Roofing Market Boosted by Growing Adoption of Metal Roofing
Development in the roofing system starting from traditional shingles to current modern coatings is adding to prosperity of the global roofing market. A freshly compiled business report from IndustryARC evaluates that the global roofing market valued at $79.1 billion for the year 2018, and projects the opportunities to grow with a CAGR of 6% during the forecast period 2019-2025. This is mainly attributed to the fact that the roof is an indispensable component for maintaining a safe home.
The report is
Roofing Market: By Type (Asphalt Shingles Roofing, Metal Roofing,
Others); By Application (Reroofing, New Construction Roofing) & By Region –
Forecast (2019 - 2025).” It comprises of market drivers, market trends, market
opportunities, competitive landscape, and strategic analysis of the global
Roofing Market: Leading Segments
Transparent roofing, PMMA roofing, polymer roofing, asphalt shingles roofing, metal roofing, elastomeric roofing, built-up roofing, and modified bitumen roofing are the majorly used roofing in the present-day construction. These types of roofing differ from various roofing materials and their lifespan. New construction roofing application is projected to grow at a CAGR of 8% throughout the aforesaid forecast period of the IndustryARC report. Metal roofing is rising the resale value of a home, thus it has become the superior choice of owners and buyers as well.
spending, investment, and rising urbanization are the key factors which are
empowering the APAC economy. According to the Building
& Construction Authority, total construction demand in Singapore will reach
$32 billion by the end of 2019. Even distribution of industrial, residential, and infrastructural projects coupled with the healthy spread of construction projects
across ASEAN are enabling the growth of Asia-Pacific region in the roofing
market. Therefore, APAC ruled out with a regional share of 76% among
other regions in the global roofing market as of 2018.
Roofing Market: Disruptive Trends
o Strong and durable metal roofing is preferred by the buyers because of its longevity, resistance against restless rains, fire, snow, high winds, hail and no scope for cracks and splits.
o Eco-friendly metal roofing is emerging at a faster rate as it is easy to install. It comprises a high percentage of recycled material so that it can be recycled without affecting the environment whenever needed.
o Advanced roofing technology named 3D printing is providing fruitful results and progressing at a greater rate. Growing adoption of 3D printing by the contractors to attract the building owners with new roof looks in hand before construction.
o Widespread use of stainless nails, and liquid sealants in roofing, as it makes the roof installation at ease, and the process even more cost-effective.
o Growth in the number of shingle roofs and metal roofs which are associated with thin solar panel installation, due to the increasing concern of people regarding the efficient utilization of energy.
o New innovation namely drone technology which is embracing the contractors and assisting the roofers to work with comfort at the job site instead of dying in the hot sun. It increases the speed of work by collecting data regarding measurements and damage parts at a faster rate as a part of aerial surveillance.
Roofing Market: Competitive Landscape
GAF, Johns Manville, Duro-Last Roofing Inc., Atlas Roofing Corporation, Certain Teed Corporation, IKO Industries Ltd., Owens Corning, Firestone Building Products Company, TAMKO Building Products Inc., Carlisle, and Brass Monier Building Group Services S.A. are the prominent players which are operating with major shares in the global roofing market.
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Roofing Chemicals Market
Liquid Roofing Market
Roofing Adhesives Market
Roofing Tile Market
What can you expect from the report?
The roofing market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue &Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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