The global roofing material market is projected to reach $160.6 billion by 2027, at a CAGR of 5% during 2021-2027. The growth of roofing material market is driven by increasing demand for residential buildings and investments in the renovation and redevelopment of residential and commercial buildings.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the roofing material market by
product (shingles, metal, tiles, and others), application (residential and
commercial), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the roofing material market?
Q.4 What are some
changing demands of customers in the roofing material market?
Q.5 What are the new
developments in the roofing material market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this roofing material area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this roofing material market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include use of 3D
printing technologies in roofing systems and emergence of the use of reflective
coating for dark colored roofing materials.
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Market Segmentation:
Based on product, the
roofing material market is segmented
into shingles, metal, tiles, and others. Lucintel forecasts that the tiles market
accounted for the largest share of the market in 2020 and is also expected to
witness the highest growth over the forecast period because they offer the
advantages of durability, superior aesthetics, versatility, and ease of
recycling.
Asia Pacific is expected
to largest region over the forecast period due to urbanization and rapid
industrialization, especially in China and India, coupled with population
expansion in this region.
Key Players in the roofing
material market are GAF Materials Corporation, Owens Corning, Saint-Gobain, BMI
Group, Atlas Roofing Corporation, Carlisle, and Berkshire Hathaway.
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https://www.lucintel.com/roofing-material-market.aspx
The report helps stakeholders understand the pulse
of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/roofing-material-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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