Global roofing materials market share to surge at 4% CAGR through 2027

Global Roofing Materials Market research report aims to familiarize the readers with this business space while providing in-depth information about latest developments, growth catalysts, profitable prospects, and challenges influencing the expansion matrix of the industry over 2020-2027.

Selbyville, Delaware, May 18, 2021 (GLOBE NEWSWIRE) -- According to estimates by expert analysts, global roofing materials market size was worth USD 115 billion in 2019 and is projected to grow with a CAGR of 4% over 2020-2027. This growth is credited to numerous housing infrastructure development projects backed by government funding in developing economies.

The report scrutinizes the worldwide roofing materials industry space with regards to product terrain, and application scope. Revenue share accounted by each segment as well as their contribution towards market growth over the forecast period are elaborated. Moreover, the business scenario across various regions, and major players operating in these geographies are expounded upon to present a comprehensive take on competitive landscape of the market.

Notably, roofing materials are used to strengthen and protect the structure from above. These materials include metals and silicate and should meet the technical and economical standards.

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Introduction of favorable credit schemes for residential construction, in consort with rapid urbanization and industrialization will act as stimulants for worldwide roofing materials market.

On the downside, metal roofing materials are dearly, which along with requirement of skilled workforce act as restraints for the overall industry outlook.

Elaborating on market segmentations:

Speaking of product terrain, global roofing materials industry is categorized into metal roof, plastic roof, concrete & clay tiles, asphalt shingles, and others. Expert verbatim claims that metal roof segment accounted for 23.6% market share in 2019, owing to product properties like longer lifespan, and superior fire resistance. Meanwhile, plastic roof segment is reckoned to record a y-o-y growth rate of 2% over the forecast period, pertaining to low maintenance, and easy installation.

Moving on application spectrum, the marketplace is fragmented into non-residential, and residential. Among these, worldwide roofing materials industry share from residential application was 50% in terms of revenue in 2019.

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Summarizing regional framework:

As per credible report, North America, led by the United States, is poised to dominate the global roofing materials market forecast over 2020-2027, on account of escalating demand for office spaces, and upsurge in construction of residential properties.

Parallelly, Asia Pacific industry size is projected to grow significantly over the analysis timeframe, attributable to swift industrialization, alongside speedy housing infrastructure development.

Global Roofing Materials Market Product Gamut (Revenue, USD Billion, 2017-2027)

• Metal Roof

• Plastic Roof

• Concrete & Clay Tiles

• Asphalt Shingles

• Others

Global Roofing Materials Market Application Ambit (Revenue, USD Billion, 2017-2027)

• Non-Residential

• Residential

Global Roofing Materials Market Geographic Terrain (Revenue, USD Billion, 2017-2027)

North America

• United States

• Canada

Asia Pacific

• South Korea

• Japan

• Australia

• India

• China

• Rest of APAC

Latin America

• Mexico

• Brazil

Europe

• Italy

• Germany

• Spain

• United Kingdom

• France

• Rest of EU

Rest of the World

Global Roofing Materials Market Competitive Outlook (Revenue, 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

• CertainTeed

• GAF Materials Corporation

Table of Content:

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & 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. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Roofing Materials Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Roofing Materials Market Dynamics

3.1. Roofing Materials Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

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. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economic

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Roofing Materials Market, by Product

5.1. Market Snapshot

5.2. Global Roofing Materials Market by Product, Performance - Potential Analysis

5.3. Global Roofing Materials Market Estimates & Forecasts 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

5.4.5. Others

Chapter 6. Global Roofing Materials Market, by Application

6.1. Market Snapshot

6.2. Global Roofing Materials Market by Application, Performance - Potential Analysis

6.3. Global Roofing Materials Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

6.4. Roofing Materials Market, Sub Segment Analysis

6.4.1. Residential

6.4.2. Non-Residential

Chapter 7. Global Roofing Materials Market, Regional Analysis

Related Report:

Roofing Underlayment Market, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

The roofing underlayment market is set to witness substantial growth over the coming years owing to growing construction activities and tightening emission control regulations. One of the major factors promoting roofing underlayment activities is the issue of water and rain damage. Water that enters a structure through leakage or seepage caused the deterioration of internal structure owing to corrosion. This can severely corrode the steel rods that are used in the structure and severely weakens the overall structural integrity of the building. A majority of buildings collapses because of corrosion of the reinforcement structure that keeps it standing. This is because the steel rods used in these cannot be restored if they are rusted.

Additionally, the fungal growth that takes place on the walls of the buildings due to rainwater seepage is a major cause of numerous health ailments. Roofing underlayment is considered a common solution to avoid such issues. Underlayment is a waterproof or water-resistant material that is directly installed on the roof deck. The solution is installed under all types of roofing materials to provide an added protection layer that safeguards the building from severe weather.

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