The concrete and clay tile materials roofing materials market revenue is projected to reach $ 36 billion by 2027, driven by the improved aesthetics of concrete and clay tiles, as well as the durability of the materials.
Selbyville, Delaware, March 31, 2021 (GLOBE NEWSWIRE) –
Global Market Insights Inc. recently added a new report on Roofing Materials Market which estimated that Roofing Materials market valuation will exceed $ 159 Billion by 2027. Growing concerns about energy efficient roofing solutions, growing demand for renovation and refurbishment projects; R&D investments in product developments will have a positive impact on market growth in the forecast period.
Growing concerns about energy consumption in industrialized countries as well as increasing awareness of energy-efficient roof solutions are likely to drive market growth in the forecast period. The growing popularity of environmentally friendly building products in Germany, the USA and other European economies, combined with the use of energy-efficient shingles in these buildings, should drive product demand. The rapid urbanization in emerging countries and the easy availability of financing options will continue to support the housing industry and thus offer lucrative opportunities for roofing products.
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Concrete and clay tile materials are projected to have sales of $ 36 billion by 2027. The improved aesthetics of concrete and clay tiles, as well as the durability of the materials, support their use in various residential applications. The material is popular in Europe and the Asia-Pacific region. The integration of these products into solar sales and the development of insulated roof tiles should continue to drive industry growth. The material offers users various benefits, including ease of adjustment, durability, weather and fire resistance, and low maintenance.
The story goes on
The type of roofing will play a dominant role in North America and Europe. The segment held more than 48% volumetric shares in 2020. The region has a large number of aging homes that require a range of renovation and redevelopment measures. Additionally, storms and other adverse weather conditions are common in the US, creating a huge demand for canopy activities. In addition, the affordability of products, ease of installation and the advancement of products such as high impact shingles will drive segment growth.
Residential use is expected to dominate and grow in the roofing market with a CAGR of around 4.6% from 2021 to 2027. The rising population in the Asia-Pacific region and growing housing projects in the Middle East and other emerging economies in the Asia-Pacific region should drive product demand.
The North American roofing materials market had sales of over $ 29 billion in 2020. Strong demand for renovation projects in the region coupled with the presence of a wide variety of industry participants offering a large number of roofing materials is expected to drive the industry. The increasing construction of new buildings and increasing indoctrination will continue to drive market growth.
Some of the Key Findings of the Roofing Materials Market Report Are:
The market is by nature highly competitive, with well-known manufacturers such as Owens Corning, Atlas Roofing Materials Corporation, CertainTeed Corporation and others represented.
The rising disposable income and growing demand for new housing projects around the world will support the expansion of the roofing materials industry.
Growing environmental concerns, as well as the growing popularity of environmentally friendly construction projects and the use of advanced roofing materials in these projects, are fueling market growth.
The USA is the main buyer of roofing materials worldwide.
The long-term focus of the industry’s players is on geographic expansion, mergers and acquisitions, product launches and cost optimization strategies.
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Sub-chapter of the table of contents of the report (TOC):
Chapter 2 Summary
2.1 Roofing Industry 360 ° Synopsis, 2017-2027
2.1.1 Business development
2.1.2 Material trends
2.1.3 Type of building trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Insights into the Roofing Materials Industry
3.1 Industry segmentation
3.2 Industry size and forecast, 2017-2027
3.2.1 Effects of Covid-19 on the industrial landscape
3.3 Analysis of the industrial ecosystem
3.3.1 Raw material analysis
22.214.171.124.3.4.1 Effects of COVID-19 on the supply of raw materials
3.3.2 Manufacturer analysis
3.3.3 Sales channel analysis
3.3.4 Analysis of the disruption of the value chain (effects of COVID-19)
3.3.5 Supplier matrix
126.96.36.199 Raw material suppliers
188.8.131.52 Important manufacturers and dealers
184.108.40.206 Key / potential customers
3.4 Technology landscape
3.5 Regulatory landscape
3.6 Price analysis by region
3.6.1 Pricing by Materials
3.6.2 Pricing by type
3.6.3 Pricing by Application
3.6.4 Cost structure analysis
3.6.5 Impact of COVID-19 on Pricing
3.7 Influences in industry
3.7.1 Growth drivers
3.7.2 Pitfalls and challenges in the industry
3.8 Innovation and Sustainability
3.9 Analysis of growth potential, 2020
3.10 Porter Analysis
3.10.1 New Entry Threat
3.10.2 Supplier power
3.10.3 Purchasing Power
3.10.4 Substitute Threat
3.10.5 Industry rivalry
3.11 Competitive Landscape, 2020
3.11.1 Company’s market share analysis, 2020
3.11.2 Main actors
3.11.3 Strategy dashboard
3.12 PESTLE analysis
3.13 Effects of COVID-19 on Roofing Material Demand by Application
3.13.2 Non-residential buildings
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