North America Steel Roofing Market Size Worth $3.53 Billion By 2025 | Grand View Research, Inc.

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The North America steel roofing market size is expected to reach USD 3.53 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. Increasing awareness regarding green buildings coupled with favorable government regulations concerning the use of durable and energy-efficient materials in the construction sector is expected to drive the product demand.

The construction industry in North America has a notable impact on the demand for steel roofing as they are extensively utilized in residential, commercial, and industrial buildings. Steel roofs are long-lasting and durable building materials that provide significant energy saving to end-use applications, which is the major factor driving the market.

The demand is directly influenced by the rising population and the need for sustainable buildings along with product penetration in the market. Furthermore, adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment the growth in demand for steel roofing over the forecast period.

Market players are focused on adopting expansion strategies for increasing their market share. They engage in merger and acquisition activities for maintaining market leadership. However, fluctuation in the steel prices on global scale is anticipated to hamper the product demand in the fortchomign years.

Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/north-america-steel-roofing-market

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