Latin America Roofing Market to be Driven by Growing Construction Sector in the Forecast Period of 2021-2026 – KSU
The new Expert Market Research report entitled ‘Latin America Roofing Market Report and Forecast 2021-2026’ provides an in-depth analysis of the Roofing market in Latin America, assessing the market based on its segments such as type, roof shape, application and key regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, with respect to key demand and price indicators, and analyzes the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, click Request a Sample Report. The sample report will be delivered to you within 24 hours.
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The main highlights of the report are:
Market overview (2016-2026)
The growth of the roofing market is fueled by the construction industry, rapid urbanization and technological advancements. In addition, technical improvements such as green roofs, eco-friendly roofing materials and roof inspection drones have increased the demand for roofing products. On the other hand, the high construction costs of roofing systems will stifle the expansion of the roofing market. Due to the popularity of eco-friendly roofing technology and increased investment in the real estate market, the residential segment is expected to rise the most. The rise in income levels, rapid urbanization and industrialization, and increased government efforts to invest in infrastructure development are all factors contributing to this acceleration.
Roofing: Industry definition and key segments
Applying an external covering to the roof of a building is known as roofing. The outer coating may be self-supporting or supported by systems underneath. Tiles are one of the most common types of products, mainly because customers and developers are more concerned about the environment. Clay and concrete tiles are particularly popular because they last a long time and have a demonstrably beneficial effect on the climate.
View the full report with table of contents: https://www.expertmarketresearch.com/reports/latin-america-roofing-market
The type of product can be divided as follows:
The roof shape can be divided into the following:
The applications can be displayed as follows:
Based on regional industry, the market can be divided into the following:
The growth of the roofing industry is driven by the roofing industry. Rapid urbanization in emerging markets has fueled construction industry expansion, which in turn has fueled demand growth. There is an increasing demand for new energy-efficient technologies, such as green roofs, which reduce energy waste by reducing the use of air conditioning over time, while also improving air quality and extending the roof’s life cycle, increasing demand continues to rise. In addition, programs that focus on energy-efficient measures, such as renovating existing buildings and replacing old roofs with new ones, are propelling the roofing industry forward. As a result of changing customs and growing urbanization in Latin America, the construction of commercial buildings such as multiplexes and shopping centers has contributed to the company’s growth.
Main market players
Major market players include Owens Corning, Etex SA, Atlas Roofing Corporation and Dextra Group. The report covers the market shares, capacities, plant reversals, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread around the world, our analysts are constantly monitoring the impact of this rapidly evolving situation on the markets and consumer buying habits. Thus, our latest estimates and analyzes of current market trends and forecasts will be an exhaustive representation of the effects of this emerging pandemic.
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