Roofing Market Research Report: Information by Roofing (Asphalt, Tiles, Metal, Concrete, and Others), by Application (Commercial, Residential, and Industrial), by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030
New York, United States - January 21, 2022 /MarketersMedia/ —
As per the Market Analysis, the Roofing Market is projected to be worth USD 136.9 billion by 2027, registering a CAGR of 4.85% during the forecast period (2021 - 2027), The market was valued at USD 97.2 billion in 2020.
The energy-efficient roofing systems are attractive, durable and reliable for any modern building. Unlike conventional roofing, these roofs come with plenty of benefits. The roofing concepts such as green roofing, solar roofing and other roofing improve the standard of living. Safety, air cooling, ventilation, aesthetic improvements are some of the benefits of having these modern roofs. The roofing market is witnessing massive growth in the forecast period. The roofing industry in the commercial, industrial and residential sector will experience an exponential growth rate.
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The key players of the brooding market are
Atlas Roofing Corporation
Owens Corning
Sika AG
Duro Last Roofing Inc
Braas Monier Building Group
3M Company
Dow Chemical Company
Segment overview
By Application
Commercial Roofing
Residential
Industrial
By End users
production units
power plants
manufacturing facilities
power plants
educational institutions
hospitals
residents
commercial spaces
industrial spaces
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Industry News
In March 2021, Atlas Roofing Corporation announced the release of their StormMaster® Hip & Ridge shingle, which incorporates the company's unique Core4™ Enhanced Polymer Technology and provides enhanced strength, flexibility, durability, and extreme weather protection.
Report overview
Market overview highlights
Analysis based upon COVID 19
Explanation upon the Market Dynamics
Value chain analysis
Market segmentation overview
The regional analysis
Competitive landscape analysis
Recent Developments
Covid analysis
The outbreak of covid 19 has modified the current market scenarios. The real estate market is experiencing severe loss during the pandemic. The covid 19 has stopped construction works. Also, individuals investing in a property are declining. It is Lessing the demand for the roofing roofing industry. As per the Market Outlook, it will experience a surge in demand post-covid19. All the infrastructural works are resuming that ultimately creates a positive impact on this market. Post covid 19, the Roofing Market Trends will witness a steady flow in demand. The current challenges are temporary for the market. The market resumes its activities and will start receiving high revenue.
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Market dynamics
Market growth opportunities
The role of the government in energy efficiency plan is high. Also, Energy efficiency reduces carbon emission in the environment. Carbon emission is a global problem. Most governments support construction that enables energy efficiency. The awareness to reduce carbon emission is higher these days. The government is making several policies to reduce the emission on the atmosphere. These governmental initiatives for energy efficiency will increase more. It provides plenty of Roofing Market growth opportunities for the roofing roofing industry.
Cumulative growth analysis
The roofing industry is witnessing steady growth in the forecast period. Governmental initiatives are the major factors that promote demand in the market. There is a serious need to fix the cost difficulties and implementation of roofing in various regions. These complexities can restrict the market growth in the upcoming years. Further, awareness of roofing is required in the market. Many are not aware of the types and benefits of roofing system. Even simple roofing comes with plenty of energy efficiency features nowadays. The market will witness a positive trend in the forecast period. The Roofing Market Value and demand will reach the highest rate during the forecast period.
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