Value Market Research has come up with a new research which foresees the Global Roofing Market to reach USD 221.62 BN by 2025. The market was valued at USD 157.50 BN (by revenue) in 2018 and is anticipated to showcase a CAGR of 5% between 2019 and 2025. The report provides current trends and future forecasts that aid to determine the overall market potential. Some of the leading players highlighted in the report are Atlas Roofing Corporation, Beacon Roofing Supply, Inc., Brass Monier Building Group, Carlisle, Duro-Last, Inc., Etex, Owens Corning, Saint-Gobain, and Wienerberger AG among others.
The roofing products are mainly used across the construction industry for protection from heat, rain, and other atmospheric conditions in residential and commercial infrastructure. Bitumen, ceramic coated granules, clay, sand, fiberglass, concrete, and polycarbonate are used in the construction of roofs in residential and commercial buildings, such as offices, hotels, and educational institutes. Roofing also helps to maintain thermal insulation properties of the infrastructure.
The report "Global Roofing Market Report By Product Type (Bituminous Roofing, Metal Roofing, Tile Roofing, And Others), Application (Residential, Commercial, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" lists recent market developments, profiles of the major players, and their market shares thus, providing the complete competitive scenario of the market.
The report identifies the rise is the construction industry and rapid urbanization as the major factor fueling the demand for roofing products. Also, technological innovations such as green roofing, eco-friendly roofing materials, and drones for roof inspections have increased the demand for roofing products immensely. In addition, the government of developed nations is investing heavily in infrastructure development which is also expected to foster the market. The rising residential building across the globe coupled with the advent of eco-friendly roofing owing to the rising investment in the real-estate sector is further expected to propel the market growth.
The roofing market has been segmented into product type, application, and region in the report. Product type includes bituminous roofing, metal roofing, tile roofing, and others. Bituminous roofing accounted for the maximum roofing market share, owing to easy installation, excellent durability, and longer lifespan. By application, the market has been segmented into residential, commercial, and others. Residential buildings are assumed to experience the highest growth owing to the growing popularity of eco-friendly roofing technologies and increased funding in the real estate sector. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is dominating the global roofing market owing to the booming construction sector across developing countries along with the new government policies to increase energy efficient homes and rising number of residences in the region.
The Report Segments Global Roofing Market -
By Product Type
Major Players Profiled In The Report:
Atlas Roofing Corporation, Beacon Roofing Supply, Inc., Brass Monier Building Group, Carlisle, Duro-Last, Inc., Etex, Owens Corning, Saint-Gobain, and Wienerberger AG.
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