Steel roof market
The thriving construction industry is expected to have a huge impact on the market, according to Fortune Business Insights in a report titled Steel Roofing Market Size, Share, and Industry Analysis by Product Type (Color Coated Roofing Sheets, Profiled Sheets, Galvanized Sheets), Curved Sheets, Tiled Roofing Sheets, Air Vents, Roof Fans , C&Z purlins, others), by application (residential, commercial, industrial) and regional forecast, 2019-2026. “The market is primarily driven by the growing demand for environmentally friendly roofing materials.
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The report on the steel roofing market highlights:
• Superior insights into the market
• In-depth analysis of the segments
• Current trends and developments
• Comprehensive study of regions
• Important for prominent players
ABC Distribution acquires Badger Building Supply to drive growth
The increasing collaborations and acquisitions between large companies should promote healthy growth in the market. For example, ABC Distribution Co. Inc, a large privately owned American roofing company based in Beloit, Wisconsin, announced that it has acquired Badger Building Supply Inc. to expand its operations and operations in West Milwaukee. The increasing use of steel roofs due to their durability and effectiveness may create opportunities for the market in the years to come. The increasing use of environmentally friendly products in the construction industry is likely to stimulate market growth in the coming years. In addition, a lightweight steel roof reduces the need for internal structural reinforcement in new construction projects and lowers material and labor costs. In addition, the switch from conventional materials to robust building materials is expected to curb demand for steel roofs and thus support the growth of the market.
However, the high installation costs and timely maintenance due to its corrosive properties can limit its introduction later, which in turn can hinder market growth in the near future.
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Increasing infrastructure development to increase growth in the Asia-Pacific region
The Asia-Pacific market is expected to grow tremendously during the forecast period due to the growing infrastructure development in the commercial and industrial sectors in countries like India and China. The growing government initiatives to build schools and colleges in rural areas are expected to allow the market to expand rapidly in the region. The North American market is expected to show a high growth rate during the forecast period due to the high standard of living of the people in the region, which will fuel the demand for luxury homes and bungalows. Europe is expected to hold a significant stake due to growing investment in the construction industry in the UK, Italy, France and Russia. Growing government spending on trade and manufacturing should support expansion in the region.
Search detailed research report summary with table of contents:
The report lists the key companies in the steel roofing market:
• OmniMax International, Inc.
• Jinhu Color Aluminum Group
• Ideal Roofing Co. Ltd., Inc. of Metal Sales Manufacturing Corporation.
• ATAS International, Inc.
• Reed’s Metals, Inc.
• Firestone Building Products Company, Inc.
• BlueScope Steel Limited
• DECRA Roofing Systems, Inc.
• Carlisle SynTec Systems.,.
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