Increase in government investments in infrastructure sector roofing market

Roofing Market Demand, Growth Analysis and Opportunity Analysis2022 and Industry Forecast, 2016-2023 Forecast Global Opportunity Analysis and Industry Forecast, 2016-2023

Pages: 120 Tables: 38 Charts: 43

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The global market for roofing industry was valued at $67,218 million in 2015 and is expected to reach $101,483 million by 2022, growing at a CAGR of 6.2% from 2016 to 2022, according to a new report published by Allied Market Research.

Asia-Pacific generated the highest revenue in 2015, and is expected to maintain its lead, followed by North America and Europe.

Roofing products witnessed a higher demand owing to longer life span, easy installation, and availability of eco-friendly roofing materials. Moreover, technological advancements such as introduction of green roofing, which protects the buildings from direct solar heat in summers and minimizes heat loss in winters through added insulation on the roof, has further strengthened the market growth. In addition, booming construction industry in the developing countries such as India, China, and Brazil is expected to increase the demand for roofing products. However, high initial installation costs of such roofing systems hamper the market growth. The impact of this factor is anticipated to reduce in future due to intense completion and technological advancements.

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Roofing market analysis has been done in the report on the basis of various segmentations which includes various segments.

Major types of roofing products included in the report are bituminous roofing, metal roofing, tile roofing, and others (Plastic & RCC roofing). Bituminous roofing constituted the highest market share over 46.5% in 2015 owing to increased demand in residential and commercial buildings, technological innovations, and high durability.

Roofing products are used in various applications such as residential buildings, commercial buildings, and others. Commercial buildings accounted for the largest market share in roofing industry around 37.2% in 2015. Increased adoption of modern roofing materials such as bitumen, tile, metal, and others have changed the commercial construction such as industrial buildings in the last two decades. In addition, increase in migration of population in Europe has created the need for commercial construction, thereby boosting the demand for roofing products.

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ROOFING MARKET Key Findings of Roofing Market • In 2015, bituminous roofing accounted for the maximum market revenue, and is projected to grow at a CAGR of 6.6% during the forecast period.

• Residential application segment is expected to grow at a significant CAGR of 7.5%, owing to the increase in disposable income and new product developments.

• China is the major shareholder in the Asia-Pacific roofing industry, accounting for around 44.6% share in 2015. This growth is attributed to rise in building construction expenditures.

• In 2015, commercial application accounted for the highest market share in roofing industry accounted for around 37.2% and is projected to grow at a CAGR of 5.7% during the forecast period.

• The U.S. accounts for the largest customer base in North America roofing market in 2015, and is expected to maintain its dominance throughout the forecast period.

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Top Impacting factors

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Request Customization Report: https://www.alliedmarketresearch.com/request-for-customization/1881 Key Players • Owens Corning • Brass Monier Building Group • Etex • Saint-Gobain • Wienerberger AG • Beacon Roofing Supply, Inc. • Atlas Roofing Corporation • Duro-Last, Inc. • Carlisle Purchase and Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/1881

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