Roofing Market

Roofing can be defined as the outer layer of a roof that provides protection of natural elements and climatic conditions including heat, rain, and other atmospheric conditions. Various roofing materials that includes clay, sand, fiberglass, slates, concrete, bitumen, ceramic coated granules, and others are used for applying an external covering on the roof of a building. The global roofing market can be categorized into residential and non-residential roofs

To have an edge over the competition by knowing the market dynamics and current trends of “Roofing Market”, request for Sample Report here

Rapid urbanization and growth in the construction industry coupled with the increasing investments in the renovation and redevelopment of buildings globally are expected to drive the growth of the roofing market over the forecast period. In addition, rise in the demand of advance roofing materials form residential, commercial, and industrial sectors are further contributing to the growth of the market. Moreover, various benefits provided by advance roofing materials and coatings that includes superior heat reflection property, high durability, reduced overall energy consumption of the building structure, improved air quality, better aesthetics, and ease of installation among other benefits are expected to increase the demand of the roofing materials during the forecast period. Furthermore, technological advancement such as the development of eco-friendly roofing materials such as green roofing, emergence of reflective coatings, cool roofing, and solar roofing are anticipated to provide huge growth opportunities to the market growth. However, the high installation cost and low awareness regarding the advantages of roofing systems are expected to hamper the roofing market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the product type, the market is segmented into bituminous roofing, tile roofing, metal roofing, fibre cement roofing, plastic roofing, rubber roofing, and others. The tile roofing market is projected to grow at a higher CAGR in the roofing market. This can be attributed to its high durability, energy efficiency, fire & hail resistivity, and eco-friendly material. Additionally, huge demand for tile roofing from the residential sector owing to the availability of wide range of deigns, high aesthetic appeal, and ease of installation & maintenance is further escalating the demand of the tile roofing products.

Based on application, the market is segmented into residential, and non-residential. The residential segment is expected to grow at a faster CAGR over the forecast period owing to the increasing population, rising number of residential buildings, and growing demand of safe and durable roofing system among consumers. In addition, increasing development of housing infrastructure in emerging economies is further contributing to the growth of the market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, North America is projected to dominate the roofing market owing to the rapid economic development, high per capita expenditure, and rising number of smart homes in the region. On the other hand, Asia-Pacific region is anticipated to witness a higher CAGR in the roofing market during the forecast period. This is primarily due to the rapid urbanization and rise in the number of non-residential buildings including hotels, schools, malls, corporate offices, hospitals in the emerging economies including China, Japan, India, Indonesia, and South Korea in the region.

Various notable players operating in the global Roofing market include Atlas Roofing Corporation, Duro-Last Inc., BASF SE, 3M Company, The DOW Chemical Company, Owens Corning, Berkshire Hathaway Company, IKO Industries Ltd., TAMKO Building Products LLC, and Sika AG, among other companies. 

Key Developments:

• • In 2020, Sika AG acquired Modern Waterproofing Group, one of the leading manufacturers of roofing and waterproofing systems in Egypt. This acquisition is expected to enhance the product portfolio of Sika AG and offer new opportunities for growth in the Egyptian construction market.
  • In 2020, Nouryon launched elastomeric cool roof coatings solution for the building and construction market. This solution is expected to boost the effectiveness of energy-saving cool roof coatings by improving their ability to reflect light and enhancing their self-cleaning properties.
  • In 2019, Johns Manville, a Berkshire Hathaway Company acquired ITW Insulation Systems, a business owned by Illinois Tool Works Inc., and one of the prominent providers of premium, low-temperature polyisocyanurate foam insulations and metal jacketing solutions for industrial segments.

The global Roofing market has been segmented on the product type, application, and region. On the basis of product type, the market is segmented into bituminous roofing, tile roofing, metal roofing, fibre cement roofing, plastic roofing, rubber roofing, others. Based on application, the market is segmented into residential and non-residential.

For detailed scope of the “Roofing Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Roofing market growing? What will be the growth trend in the future?
  • What are the
    key drivers and restraints in Roofing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Roofing market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various applications of global Roofing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Roofing Market by Product Type

• • Bituminous Roofing
  • Tile Roofing
  • Metal Roofing
  • Fibre Cement Roofing
  • Plastic Roofing
  • Rubber Roofing

Global Roofing Market by Application

• • Residential
  • Non-Residential

Global Roofing Market by Region

• • North America Roofing Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product Type
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Roofing Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product Type
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Roofing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Roofing Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product Type
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Roofing Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Atlas Roofing Corporation
  • Duro-Last Inc.
  • BASF SE
  • 3M Company
  • The DOW Chemical Company
  • Owens Corning
  • Berkshire Hathaway Company
  • IKO Industries Ltd.
  • TAMKO Building Products LLC
  • Sika AG