According to
a new market report published by Lucintel, the future of the global roofing materials
market looks good with opportunities in the growth of the construction industry.
The roofing materials market is forecast to grow at a CAGR of 3.8% from 2016 to
2021. The major growth driver for this market is the
growth in new construction and renovation activities.
In this market, shingle, metal, and tiles are
the major product forms used as roofing materials. Lucintel predicts that the
demand for tiles is likely to experience the highest growth in the forecast
period supported by growing demand in construction industry. On the basis of
comprehensive research, Lucintel forecasts that tiles and shingles markets are
expected to show above average growth during the forecast period.
Within the roofing materials market, the residential
market is expected to remain as the largest market by value. Improvement in
economy and the new housing starts are expected to spur growth for this segment
over the forecast period.
Asia Pacific
is expected to remain the largest market due to growth in the construction
industry and re-roofing activities. Asia
Pacific and the North America are expected to witness good growth over the forecast
period because of growing renovation activities.
For business expansion,
the report suggests innovations and new product development to improving energy
efficiency of roof. Emerging trends, which have a direct impact on the dynamics
of the market, include the development of energy efficient cool roofs,
increasing use of eco-friendly materials in roofing, and increasing demand of
new generation single ply technology in commercial
roofing market.
GAF Materials
Corporation, Owens Corning, Carlisle, Saint-Gobain, Monier Group, Etex, Johns
Manville, and Fletcher Building are among the major suppliers of roofing
materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global
roofing materials market by product
type, application type, and region and has come up with a comprehensive
research report, “Growth
Opportunities in the Global Roofing Materials Market 2016 - 2021: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities in the global roofing
materials market by product type, application type, and region as follows:
By product
type [value $ billion from 2010 to 2021]-
·
Shingle
·
Metal
·
Tiles
·
Others
By application
type [value $ billion from 2010 to 2021]-
·
Residential
·
Commercial
By region [volume (million square meters) and value $ billion
from 2010 to 2021]-
·
North
America
·
Europe
·
Asia Pacific
·
Rest of the
World
This 168-page research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/roofing_materials_market_2016-2021.aspx or
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and
due diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth
opportunities for roofing materials by product type, applications, and regions?
Q. 2. Which
product /segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics?
What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this
market?
Q.6 What are the emerging trends in this market and
reasons behind them?
Q.7 What are some changing demands of customers in the
market?
Q.8 What are the new developments in the market? Which
companies are leading these developments?
Q.9 Who are the major players in this market? What
strategic initiatives are being implemented by key players for business growth?
Q.10 How is the competitive rivalry and threat of
substitution in this market?
Q.11. What are M&A activities in the last 5 years in
this market? What reasons to these activities and how have they impacted the
industry?
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