The roofing materials market is expected to grow with 3% CAGR during the forecast period.
The major factor driving the global roofing materials market is the rise in the demand for roofing and re-roofing activities across the globe. The growth of the market is also driven by the rapid urbanization and industrialization, which is leading to the rise in the number of construction activities. The market is driven mainly by the increase in demand from residential, non-residential and commercial sectors in the emerging economies.
Study Objectives of Roofing materials market
Regional Analysis of Global Bubble Wrap Packaging Market
The Asia-Pacific region is the fastest growing region for the roofing materials market, owing to rising disposable incomes and the booming construction industry. The increasing urbanization and the industrialization in the developing nations are adding to the growth of the Asia-Pacific region. .
The report for Global Roofing materials market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||3% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||GAF Materials Corporation (U.S.), Atlas Roofing Corporation (U.S.), CertainTeed Corporation (U.S.), Owens Corning Corp.(U.S.), Braas Monier Building Group S.A. (Europe), Etex (Belgium), Fletcher Building Limited (New Zealand), TAMKO Building Products, Inc. (U.S.), Icopal Holding Aps (Denmark), North American Roofing (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Roofing materials market is projected to grow at a 3% CAGR between 2016-2023.
The APAC region is expected to have the largest share in the roofing materials market.
The residential sector will dominate the roofing materials market.
Growing construction sector and supportive government regulations are the key factors driving the roofing materials market.
Lack of awareness may limit the roofing materials market growth.