Global roofing materials market share to surge at 4% CAGR
Selbyville, Delaware, May 18, 2021 (GLOBE NEWSWIRE) – According to expert analyst estimates worldwide roofing materials market Its size was worth $ 115 billion in 2019 and is expected to grow at a CAGR of 4% over the 2020-2027 period. This growth is attributed to numerous housing infrastructure development projects supported by government funding in emerging economies.
The report examines the global roofing materials industry with respect to product terrain and application range. The revenue share of each segment and their contribution to market growth during the forecast period are worked out. In addition, the business scenario in different regions and the major players operating in these regions are outlined to provide a comprehensive view of the competitive landscape of the market.
Roofing materials in particular are used to reinforce and protect the structure from above. These materials include metals and silicate and must meet technical and economic standards.
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Introduction of favorable housing credit schemes, coupled with rapid urbanization and industrialization, will act as a stimulus for the global roofing materials market.
On the other hand, metal roofing materials are expensive, which, along with the requirement of a skilled labor force, hinder the overall outlook of the industry.
Developing market segmentations:
Speaking of product area, the global roofing materials industry is divided into metal roofs, plastic roofs, concrete and clay tiles, asphalt shingles and others. Expert literally says that the metal roof segment accounted for 23.6% market share in 2019, thanks to product features such as longer life and superior fire resistance. Meanwhile, the plastic roof segment is projected to post year-over-year growth of 2% over the forecast period, in terms of low maintenance and ease of installation.
On the application spectrum, the market is fragmented into non-residential and residential. Of these, the global share of the residential roofing materials sector was 50% in terms of sales in 2019.
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Summary regional framework:
According to a credible report, North America, led by the United States, is poised to dominate the forecast of the global roofing materials market for 2020-2027, due to escalating demand for office space and the increase in residential construction.
At the same time, the size of the Asia-Pacific industry is expected to grow significantly during the analysis period, thanks to rapid industrialization and rapid development of housing infrastructure.
Global roofing materials market product range (sales, USD billion, 2017-2027)
- Metal roof
- Plastic roof
- Concrete and clay tiles
- Asphalt shingles
Global application ambition in the roofing materials market (sales, USD billion, 2017-2027)
Global Roofing Materials Market Geographic Territory (revenue, USD billion, 2017-2027)
- South Korea
- Rest of APAC
- United Kingdom
- Rest of the EU
Rest of the world
Competitive Outlook for the Global Roofing Materials Market (Sales, USD Billion, 2017-2027)
- TAMKO Building Products LLC
- Inflexion Private Equity Partners LLP (Etex)
- Johns Manville Corp.
- Braas Monier Building Group
- Boral Ltd.
- Carlisle Companies Inc.
- Atlas Roofing Corporation
- Owens Corning
- GAF Materials Corporation
Chapter 1. Summary
1.1. Market snapshot
1.2. Global and Segmental Market Estimates and Forecasts, 2018-2027 (USD Billion)
1.2.1. Roofing Materials Market, By Region, 2018-2027 (USD Billion)
1.2.2. Roofing Materials Market, By Product, 2018-2027 (USD Billion)
1.2.3. Roofing Materials Market, By Application, 2018-2027 (USD Billion)
1.3. Main trends
1.4. Estimation methodology
1.5. Research assumption
Chapter 2. Definition and scope of the global roofing materials market
2.1. Objective of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Evolution of the industry
2.3. Years taken into account for the study
2.4. Exchange rates
Chapter 3. Global Market Dynamics for Roofing Materials
3.1. Market impact analysis of roofing materials (2018-2027)
3.1.1. Market riders
3.1.2. Market challenges
3.1.3. Market opportunities
Chapter 4. Global Roofing Materials Market: Industry Analysis
4.1. Porter’s 5 Force model
4.1.1. Bargaining power of suppliers
4.1.2. Negotiating position of buyers
4.1.3. Threat of new entrants
4.1.4. Threat of substitutes
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST analysis
4.3. Investment adoption model
4.4. Analyst recommendation and conclusion
Chapter 5. Global market for roofing materials, by product
5.1. Market snapshot
5.2. Global roofing materials market by product, performance – potential analysis
5.3. Global Market Estimates and Forecasts for Roofing Materials by Product 2017-2027 (USD Billion)
5.4. Roofing materials market, sub-segment analysis
5.4.1. Asphalt shingles
5.4.2. Concrete and clay tiles
5.4.3. Plastic roof
5.4.4. Metal roof
Chapter 6. Global market for roofing materials, by application
6.1. Market snapshot
6.2. Global Roofing Materials Market by Application, Performance – Potential Analysis
6.3. Global Market Estimates and Forecasts for Roofing Materials by Application 2017-2027 (USD Billion)
6.4. Roofing materials market, sub-segment analysis
Chapter 7. Global market for roofing materials, regional analysis
Roofing Market, Sector Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share and Forecast, 2020-2026
The market for underlayment will see significant growth in the coming years as a result of growing construction activities and the tightening of emission limitation regulations. One of the main factors that promote roofing underlayment is the issue of water and rain damage. Water entering a structure through leakage or seepage causes deterioration of the internal structure due to corrosion. This can seriously degrade the steel bars used in the structure and seriously weaken the overall structural integrity of the building. A majority of the buildings collapse due to corrosion of the reinforcement structure, causing it to remain standing. This is because the steel bars used in this cannot be recovered if they are rusted.
In addition, the mold growth that occurs on the walls of the buildings as a result of rainwater leakage is a major cause of many health problems. Roofing underlayment is considered a common solution to avoid such problems. Underlayment is a waterproof or water-resistant material that is applied directly to the roof deck. The solution is installed under all types of roofing materials to provide an extra layer of protection that protects the building from extreme weather conditions.
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