Global Roofing Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global roofing materials market in its upcoming report titled, “Global Roofing Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global roofing materials market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027

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. 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 materials market report has been segmented on the basis of product type, application, and region.

Roofing material is an additional layer on roof of a building, which is supported by a basic building structure. This layer of a roof comes with variations in design depending upon materials, performance, economic reasons, aesthetic, and nature of supporting structure. These type of roofing materials are commercially available in various forms, namely natural products such as slate and thatch and commercial products such as polycarbonate and tiles sheeting.

Global roofing materials market is primarily driven by increasing investments in the construction sector, especially for construction of new commercial buildings such as shopping malls and hotels. In addition, growth in renovation activities is another major factor projected to drive growth of the target market. Development of energy efficient roofs and increasing adoption of eco-friendly materials for roofing of commercial and residential infrastructures are some additional factors driving growth of global roofing materials market. Rising standard of living of people and urbanization is expected to result in increasing number of construction projects. This is further foreseen to drive demand for roofing materials, thereby driving growth of the global market during the forecast period.

Increasing demand for affordable houses is also estimated to contribute to the target market growth in next eight years. Increasing urban population is also expected to attract huge investments by governments for development of commercial and residential buildings in emerging economies such as China, India, and Nigeria. However, high initial cost is major factor expected to hamper growth of the global roofing materials market.

Asia Pacific market is expected to dominate the global roofing materials market, followed by the North America and Europe regions. Asia Pacific market is estimated to grow at highest CAGR, owing to increasing expansion in construction of new commercial and residential buildings in countries in this region, is expected to impact on demand for roofing materials positively in countries in this region, mainly from emerging economies such as India and China. North America market is expected to be second highest market owing to increasing residential construction activities in countries in this region.

Global Roofing Materials Market Segmentation:

Segmentation by product type:

• Tile roof
• Metal roof
• Plastic roof
• Asphalt shingles

Segmentation by application:

• Residential
• Commercial
• Non-Residential

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa