The Global Roofing Materials Market Size was estimated at USD 110.12 billion in 2017 and is anticipated to enlarge at a CAGR of 4.21% over the forecast spell. Due to the crucial part operating the global roofing materials market has advanced in the demand for roofing and re-roofing across the world. The ballooning of the market has also fastened by the seedy urbanization and industrialization, which leads the growth in number of construction activities. The market is boosted by increasing demand from residential, non-residential and commercial sectors in the developing economies. North America dominates the market due to increased demand from the residential sector, extensively developed manufacturing industry, and government pushes to develop social infrastructure. In inclusion, rising recognition regarding the advantages of weather protection of building structures is expected to welfare the industry growth.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global roofing material market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global roofing material market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

By Product Emphasis: Based on product emphasis concrete and clay tile roofs are considered for dominating share and are estimated to grow faster, due to their durability, aesthetics appeal, versatility, and effortlessness recycling. The segment is expedited by ease availability, linked with higher product spiking. However, increased use of stone-coated steel roof is expected to slow down product demand. Other segments such as Asphalt Shingles, Tile Roof, Metal Roof, and Plastic Roof will be contributing measurable growth rate in terms of revenue and demand in coming years.

By Application Analysis: Based on product analysis residential segment is expected to account for the largest share in roofing material market with CAGR of 4.6% in the forecast spell. This can assign rise in residential construction in Asia Pacific, due to increasing population, increasing natural calamities are emphasised to boost construction and renovation activities.  The non-residential application segment counted after residential segment. The segment is expected to observe real growth over the forecast spell due to rising infrastructure development in the form of recreational areas, educational institutions, offices, and healthcare centres, may led in the growing market.

Regional Analysis

The global roofing material market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America dominates the market due to increased demand from the residential sector, extensively developed manufacturing industry, and government pushes to develop social infrastructure. In inclusion, rising recognition regarding the advantages of weather protection of building structures is expected to welfare the industry growth. Europe is expected to grow the market rapidly in its spell, due to recovery of residential and commercial construction sectors. Africa is speeding the revenue growth through their industries, commercial complexes, and residences, which is beneficiary in the market. Asia Pacific is expected to grow faster over the forecast span with gigantic potential of the construction industry in the region. Implementation of green building system by various governments in the region is expected to assist the industry growth over the forecast spell.

Global Roofing Material Market Size, Share Analysis By Region 2017

Global Roofing Material Market Study Objective

1. To forecast the market size of roofing material market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of roofing material market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of roofing material market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of roofing material market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the roofing material market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Key players include TAMKO Building Products, CertainTeed, Etex, GAF, Saint Gobain SA, Owens Corning, IcoPal ApS, Sika AG, and Fletcher Building. Some of the other prominent players include Johns Manville, Carlisle, Monier Group, Firestone Building Products and Braas Monier Building Group.

Global Roofing Material Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.