The Global Roofing Materials Market Size Was Valued At USD 86.56 Billion In 2021. The Market Is Projected To Grow From USD 88.85 Billion In 2022 To USD 112.47 Billion By 2030, Exhibiting A CAGR Of 3.4% During The Forecast Period.
Roofing Materials Market Overview
Global Roofing Materials Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Roofing Materials market. This report provides a detailed overview of key factors in the Roofing Materials Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Roofing Materials in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
The COVID-19 pandemic has shattered the world in a way that has never happened before. As a result, demand for roofing materials and solutions has been lower than expected in all regions compared to levels before the pandemic. Our research showed that the world market would be 29.5% smaller in 2020 than it was in 2019.
Roofing materials are what are used to build or fix the top layers of a roof. The roof is an important part of a house because it protects the house from the elements and the effects of the weather. The thickness of a roof’s outer layer depends on what it’s made of and how complicated the system that holds it up is. Some roofing materials come from nature, like slates and thatches. Others, like bituminous tiles, plastic roofs, and others, are made in a factory. The market for roofing materials will grow because more money will be spent on building and remodelling commercial and residential buildings.
Some of the key players profiled in the study are
Owens Corning (U.S.), CertainTeed Corporation (U.S.), Atlas Roofing Corporation (U.S.), BMI Group (U.K.), Johns Manville (U.S.), IKO Industries Ltd. (U.S.), GAF (U.S.), TAMKO Building Products, Inc. (U.S.), Carlisle Companies Incorporated (U.S.), Firestone Building Products Company, LLC (U.S.), and Others.
Roofing Materials Market Segmentation:
By Material:
- Bituminous
- Tile
- Metal
- Elastomeric
- Others
By End-use Industry:
- Residential
- Non-residential
- Industrial
- Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
Asia-market Pacific’s share for roofing materials was thought to be worth 32.03 billion USD in 2021. Asia-Pacific product demand is going up because the construction industry is growing. This includes both new construction and renovation projects. The growth of industry, especially in China and India, as well as rising incomes and population growth have increased the need for construction and building work, which has helped the growth of industry in the area. In India, residential construction is the largest part of the building market. The government of India wants to build 20 million cheap homes by 2022. This will have a big effect on the local market.
The North American market is growing because commercial, industrial, and residential roofing projects are getting bigger in the United States. The market will grow because more homes and businesses will be built in the US and Canada, and the government will spend money on new infrastructure projects. During the COVID-19 pandemic, there was a lack of workers and the government shut down a number of industrial facilities. This hurt the construction supply chain and caused a drop in the U.S. construction industry.
The rapid growth of the residential building business in Kenya, Nigeria, Egypt, and Ethiopia is a big reason why people in the Middle East and Africa want roofing materials. Also, there is a lot of demand for the market because Qatar, Saudi Arabia, and the United Arab Emirates are all in the middle of a building boom.
The government of the United Kingdom has set a goal of building about 300,000 homes each year for the next three years to help with the severe housing shortage. So, it is expected that the demand for the European market will be fueled by more people building homes.
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Table of Content of Roofing Materials Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Roofing Materials market (2023-2030).
2: Exclusive Summary – the basic information of the Global Roofing Materials Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Roofing Materials; Post COVID Analysis.
4: Presenting the Global Roofing Materials Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Roofing Materials Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the Roofing Materials Market Report:
- How much was the global Roofing Materials market in 2022?
- How much will the global Roofing Materials market worth in 2030?
- At what compound annual growth rate will the global Roofing Materials market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Roofing Materials market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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