Transparency Market Research has released a new market report titled
“Roofing Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2016 - 2024.” According to the report,
the global
roofing market was valued at US$ 71.23 Bn in 2015
and is projected to reach US$ 124,501.8 Mn by 2024, expanding at a
CAGR of 6.4% between 2016 and 2024.
Browse the full Roofing (Bituminous Roofing, Metal Roofing, Tile
Roofing and Others) Market for Residential Construction, Commercial
and Nonresidential Construction Applications - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report
at http://www.transparencymarketresearch.com/roofing-market.html
Get
Sample Of Roofing
Market Research Report At:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4234
Roofing products consists of the outermost layer of the building. The
outer layer of a roof demonstrates high deviation in properties
depending on the availability of material, and the type of the
supporting structure. Raw materials employed in the manufacture of
roofing materials range widely from natural products, such as
thatches and slates, to commercially available products such as tiles
and plastic sheeting. Roofing materials can be placed on top of a
secondary water-resistant material known as ‘underlayment.’ These
products primarily provide shelter from various natural elements.
Roofing products are produced from a variety of materials such as
bitumen, metal, cement, and clay. These products are segmented into
bituminous roofing, metal roofing, tile roofing, and others. Roofing
products are commonly used in applications including residential
construction, non-residential construction, and commercial
construction such as buildings, offices, hotels, educational
institutes, and public outlets.
Bituminous roofing was the largest product segment of the roofing
market, accounting for more than 45% volume share in 2015. In U.S.
and Canada, it is the most common type of roofing used and is
generally known as asphalt roofing. Bituminous roofing is relatively
cheap and easy to install. It can last for extended periods, i.e. 20
years to 40 years and is available in various colors and qualities.
Bituminous roofing is also expected to be the fastest growing product
segment of the roofing market during the next eight years.
Non-residential was the largest application segment of the roofing
market, constituting more than 40% volume share in 2015. In terms of
revenue, residential is projected to be the fastest growing
application, expanding at a CAGR of more than 6% from 2016 to 2024.
Growth in the construction industry and increase in construction
activities such as amusement parks, institutions, and hospitals, due
to urbanization is expected to drive the demand for roofing in the
near future.
Browse
The Full Roofing
Market Research Report At:
Key players operating in the roofing market Atlas Roofing
Corporation, Duro-Last Roofing, Inc., CertainTeed Corporation, Braas
Monier Building Group Services S.A., GAF, Johns Manville, IKO
Industries Ltd., Owens Corning, Firestone Building Products Company,
TAMKO Building Products, Inc., and Carlisle.
The
report segments the global roofing market as follows:
Roofing
Market - Product Segment Analysis
- Bituminous roofing
- Metal roofing
- Tile roofing
- Others (Including RCC, plastics, etc.)
Roofing
Market - Application Segment Analysis
- Residential
- Commercial
- Non-residential
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