Roofing products provide protection from heat, rain, and other atmospheric conditions. Bitumen, ceramic coated granules, clay, sand, fiberglass, concrete, and polycarbonate are used for the construction of roofs in residential and commercial buildings, such as offices, hotels, and educational institutes. Major players in this market have focused on designing efficient roofing systems to ensure long-term performance even in the harshest weather conditions.
2. ROOFING MARKET
Although high installation cost and lack of awareness regarding the long-
term benefits of roofing systems are some factors, hindering the growth
of roofing products, continuous innovation and rise in growth of building
and construction sector provides a great potential for market expansion
Deepankar Bose
3. 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.
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market
ROOFING MARKET OVERVIEW
.
5. ROOFING MARKET KEY BENEFITS
This report provides an in-depth analysis of the global roofing market size with current trends
and future estimations to elucidate the potential investment pockets.
The report provides a quantitative analysis from 2014 to 2022 to enable the stake holders to
capitalize on prevailing market opportunities.
The current trends and future forecasts aid to determine the overall market potential and single
out profitable trends.
Recent developments, key players, and market shares are listed in the report to study the
competitive scenario of the market.
Porter’s Five Forces model illustrates the potency of the buyers and suppliers.
ROOFING MARKET KEY BENEFITS
7. 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.
ROOFING MARKET
KEY FINDINGS
8. 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
industryaround 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
9. Key Players
Owens Corning
Brass Monier Building Group
Etex
Saint-Gobain
Wienerberger AG
Beacon Roofing Supply, Inc.
Atlas Roofing Corporation
Duro-Last, Inc.
Carlisle
KEY PLAYERS IN INDUSTRY