Roofing Market 2021 will Continue to Boom Says Nextmsc – Owens Corning, Royal Building Products, Saint-Gobain

The Global Roofing Market size is estimated to be USD 84.21 billion in 2019 and is predicted to reach USD 156.57 billion by 2030 with a CAGR of 5.8% from 2020-2030.

Roof is the top most layers of house which provide protection against various climatic conditions such as heat, rain, cold and others. The roofing of the house can be done by various materials such as ceramic, asphalt, clay, bitumen and others which serves the required purpose for the residential and commercial buildings. There have been advancement in the materials such as polycarbonate, fiber glass, concrete are also used now-a-days which provide extra protection and also increase the life span of the building.

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Top Companies: Owens Corning, Royal Building Products, Saint-Gobain, Knauf Insulation, Beacon Roofing Supply, Inc., Rockwool International A/S, Brass Monier Building Group, Duro-Last, Inc., Etex, Atlas Roofing Corporation, American Hydrotech, Inc., Wienerberger AG, TAMKO Building Products, Inc and others.

Market Dynamics and Trends

There have been constant developments in the infrastructure coupled with increase in construction industry over the period of time. Furthermore, technological developments and increased inclination towards eco friendly materials are also expected to enhance the growth of roofing market.

The other factors include rapid urbanization with increase in disposable income and high initial investments are also expected to gain traction over the forecast period. However, high manufacturing and installation cost are expected to hamper the growth of roofing market. Moreover, increased use of energy efficient and increased use of advanced materials are expected to create ample opportunities in the roofing market over the forecast period.

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Market Segmentations and Scope of the Study:

The global roofing market share is analyzed on the basis of product type, application, and geography. On the basis of product type, the market is segmented into Bituminous Roofing, Metal Roofing, Tile Roofing, and Others. On the basis of application, the market is divided into Residential, Commercial, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to account for the major market share over the forecast period owing to the increased inclination towards eco-friendly roofing. Furthermore, increase in technological advancement and presence of develop infrastructure are also expected to fuel the growth of roofing market.

Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the increase in construction industry coupled with increase in urbanization. Furthermore, increase in disposable income with introduction of new materials and technologies with increased adoption of these materials and technologies are further expected to augment the growth of roofing market in the near future.

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About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

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This release was published on openPR.