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Roofing Market 2018 Future Trends, Geographic Analysis, Design Competition Strategies and Key Industry Segments Poised for Strong Growth in Future 2022

Global Roofing Market Information by roofing (Bituminous/Asphalt, Elastomeric, Metal, Tile, Built-up, and others), by application (Commercial, Residential, Industrial, and others) and Region - Forecast to 2022

 

Pune, India -- (SBWIRE) -- 02/16/2018 -- Market Highlights

The increasing investment in real-estate and popularity of eco-friendly roofing has driven the market for globally. The demand has constantly been increasing from the Asian regions due to rapid urbanization and increased building renovations and rebuilding. The aesthetic values have gone up considerably over the last few years. This induces the demand for roofing technology.

The report has analyzed the market based on the two segments: roofing products and application in the regions of North America, Europe, APAC and rest of the world.

On the basis of roofing products bituminous/asphalt has the largest market share. The share is attributed to the cost effectiveness and ease of installation of the roofing type.

On the basis of application, non-residential segment accounts for the largest share both by value and volume due to the increased industrialization. The scope of the market has widened over many years owing to the flourishing markets of APAC. The Global Roofing Market is expected to cross USD 150 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 4% from 2016 to 2022.

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Key Players
The key players of global Roofing market report include- Atlas Roofing Corporation, Owens Corning, Duro-Last Roofing, Inc., CertainTeed Corporation, Braas Monier Building Group Services GmbH, GAF, Johns Manville, IKO Industries Ltd., Firestone Building Products Company and TAMKO Building Products Inc.

APAC will be the Largest market
APAC is expected to dominate the market with its largest and fastest growing market size for roofing. The reason is attributed to the changing lifestyles of the people which have fueled the demand for high aesthetic values in the building construction. This has resulted in increased renovations of residential and non-residential construction.
It is followed by North America and Europe. The markets are growing over a steady rate and are expected to show similar trend in coming years.

The share of bituminous/asphalt roofing by roofing products accounts for the largest share in the market. The segment contributed more than 40% in 2015 to the total market. It is expected to show similar trends by the end of the forecasted period. The share is attributed to the cost effective and ease of installation properties of the roofing style. On the basis of application, Non-residential segment holds the largest share. The segment accounts for close to 37% of the market in 2015. The market is fueled majorly by the demand arising out of industrial and infrastructure market. The global roofing market size is expected to cross USD 150 Billion at CAGR of approximately 4% by 2022.

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Target Audience
Manufactures
Raw Materials Suppliers
Aftermarket suppliers
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager

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