The roofing materials market is majorly driven by the increase in the investments in real-estate, especially by the developments of the new commercial buildings such as hotels and shopping malls. The growth in construction and renovation activities is adding to the growth. The development of energy efficient cool roofs and the increase in use of eco-friendly materials for the roofing of residential & non-residential infrastructure, are other growth drivers of the global roofing materials market.
The global roofing materials market is majorly driven by the increase in demand from the residential and the non-residential sectors, majorly in the developing economies across the globe. The increase in the number of construction activities is driving the need for innovations in the roofing materials. The growth of the market is driven by the growth of the energy- efficient roofs and the use of eco-friendly components as roofing materials. The improvement in the standard of living of the people and the migration of people from rural to urban areas, are leading to the increase in number of construction projects. This is further driving the demand for the roofing materials. The market for Global Roofing Materials Market is expected to grow over the CAGR of around 3% during the period 2016 to 2023
The key players of global roofing materials market report include
- GAF Materials Corporation (U.S.),
- Atlas Roofing Corporation (U.S.),
- CertainTeed Corporation (U.S.),
- Owens Corning Corp.(U.S.),
- Braas Monier Building Group S.A. (Europe),
- Etex (Belgium),
- Fletcher Building Limited (New Zealand),
- TAMKO Building Products, Inc. (U.S.),
- Icopal Holding Aps (Denmark),
- North American Roofing (U.S.)
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Market Research Analysis
Based on all types of products, the roofing materials market has been segmented as Tile Roof, Metal Roof, Plastic Roof and Others. The Tile roof segment is expected to grow the highest during the forecast period. The tile roofs perform better during harsh weather conditions than other products. Tile roof works well as an insulator, which helps to keep the constructions warm in winter and cool in summers. Tile roofs are also fire-proof and have the ability to resist damage caused by hurricanes, earthquakes, and other extreme weather conditions.
Based on applications, the roofing materials market has been segmented as residential and non-residential. The residential segment is expected to grow the fastest during the forecast period. The growth can be attributed to the construction and renovation activities of residences, across developing nations. The non-residential segment is expected to grow due to factors such as the increasing manufacturing facilities and the ongoing industrial developments across the world.
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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