The global roofing material market is anticipated to be
valued at USD 142.88 billion by 2025, according to a new report by Grand View
Research, Inc. Rapidly growing infrastructure demand owing to migration of
people from rural to urban areas, improved standard of living resulting in the
need for building renovation projects, etc. are some of the key factors
expected to support the demand for these materials.
Asia Pacific is expected to emerge as the largest as well as
the fastest growing region. North America is slated to register the second
highest growth rate. Residential application segment is likely to emerge as the
largest as well as the fastest growing application segment. Positive growth
rate recorded by the residential construction industry in developed regions is
anticipated to support the new residential roofing market as well as re-roofing
activities.
High brand loyalty in addition to major players focusing on
establishing long-term relationships with customers is a primary characteristic
of this industry. Market participants with a focus on achieving competitive
advantage provide a comprehensive product portfolio of roofing materials.
To enhance the customer service and also taking into
consideration the complexity and distinctive properties of various roofing
materials, many product manufacturers provide work training facilities. Most
manufacturers entail certified applicants as part of their licensed applicator
agreements with various roofing contractor companies.
Browse full research report on Roofing Materials Market: http://www.grandviewresearch.com/industry-analysis/roofing-materials-market
Further key findings from the study suggest:
- Metal
roof are expected to emerge as the fastest growing product during the
forecast period and is expected to grow at an estimated CAGR of 3.3%
- Metal
roofs slated to gain ground with development of pre-engineered steel
buildings for non-residential applications
- Tile
roof segment is anticipated to emerge as the largest product segment but
are likely to register low growth rate as compared to asphalt shingles
- Shingles
which are widely used in the North American market have witnessed robust
growth in developing regions owing to ease of installation, high
durability, and moderate price
- Residential
application segment is slated to emerge as the fastest as well as the
largest application segment. The segment accounted for over 55% demand in
2015
- North
America is slated to grow at an estimated CAGR of 2.9% during the forecast
period
- Presence
of key manufacturers and their ability to offer a wide product range to
customers is expected to play a crucial role to support the market growth
in North America
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/green-building-materials
Grand View Research has segmented the roofing material
market on the basis of product, application and region:
Roofing Materials Product Outlook (Volume, Million square
meters; Revenue, USD Million, 2014 - 2025)
- Asphalt
shingles
- Tile
roof
- Metal
roof
- Plastic
roof
- Others
Roofing Materials Application Outlook (Volume, Million
square meters; Revenue, USD Million, 2014 - 2025)
- Residential
- Non-residential
Roofing Materials Regional Outlook (Volume, Million
square meters; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Middle
East and Africa
- Central
& South America
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-roofing-materials-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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