Commercial Roofing Materials Market Research 2024 | Dynamics, Manufacturer, Status, Outlook and Opportunities
(MENAFN – America News Hour) Commercial Roofing Materials Market estimated at $ 266 billion by 2024; The growth from 2016 to 2024 was 5.6%. Commercial roofs encompass a plethora of roofing solutions that are applied to the exterior structure of a building. These roofing materials can be made from various materials such as wood, rubber, flagstone, asbestos, and others. Various application areas such as offices, shopping malls, hotels and medical centers are in great demand for commercial roofing materials. The growth in the construction industry and the roofing activities in different regions show an increased trend for the commercial roofing materials market. The increase in disposable income and the growth of urbanization are the main drivers for the global commercial roofing materials market. In addition, increasing commercialization has complemented the growth of the market. However, rising prices for volatile crude oil and other energy sources would increase manufacturing costs and are likely to hamper market growth in the years to come. The increasing demand for roofing products in the construction of environmentally friendly buildings would open up new business opportunities for the market in the coming years.
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The global commercial roofing materials market is divided into building type and material type. Depending on the type of building, the market is further subdivided into low pitched roofs and steep pitched roofs. According to the global material types, the global material roofing market is segmented into single layer products, modified bitumen materials, polyurethane spray foam, built-up roofs, metals, and others. By type of building, roofs with a slight incline accounted for more than two thirds of total market sales in 2016. From 2016 to 2024, steep-sloping roofs are expected to grow at the fastest CAGR, driven by increasing spending on office, retail, and lodging construction. Geographically, the market is divided into North America, Europe, the Asia-Pacific region and the rest of the world.
Geographic segment includes North America, Europe, Asia Pacific and RoW. The United States, Mexico, and Canada fall under North America, with Europe covering France, Germany, the United Kingdom, Spain, Italy, and other countries. The Asia Pacific region includes China, India, Japan, Australia, South Korea, and others. The rest of the world (RoW) covers South America, the Middle East and Africa.
Major Players in the Global Commercial Roofing Materials Market These include GAF, CertainTeed Corporation, TAMKO Building Products, Inc., Firestone Building Products Company, Owens Corning Corporation, Johns Manville Corporation, IKO Industries Ltd., Duro-Last Roofing, Inc., Atlas Roofing Corporation and Braas Monier Building Group .
The main findings from the report:
The report provides detailed analysis of the Commercial Roofing Materials Market regarding key segments such as Building Type and Material Type. The report will include the qualitative and quantitative analysis with market estimate for 2015-2024 period and Average Annual Growth Rate (CAGR) between 2016 and 2024. In-depth analysis of market dynamics including the factors and opportunities of the global Commercial Roofing Materials Market. The report provides a comprehensive regional analysis of the Commercial Roofing Materials market from 2015-2024.
Profile of the major players in the commercial roofing materials market Key financial data, products and services, new developments and business strategies are provided.
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Size of the commercial roofing materials market
Building type segment
Low pitched roof
Material type segment
Single layer products
Modified bitumen materials
Spray polyurethane foam
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