The roofing materials market is forecast to grow at a CAGR of 3.8% from 2016 to 2021. The major growth driver for this market is the growth in new construction and renovation activities.
In this market, shingle, metal, and tiles are the major product forms used as roofing materials. The author predicts that the demand for tiles is likely to experience the highest growth in the forecast period supported by growing demand in construction industry. On the basis of comprehensive research, the author forecasts that tiles and shingles markets are expected to show above average growth during the forecast period.
Within the roofing materials market, the residential market is expected to remain as the largest market by value. Improvement in economy and the new housing starts are expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to growth in the construction industry and re-roofing activities. Asia Pacific and the North America are expected to witness good growth over the forecast period because of growing renovation activities.
For business expansion, the report suggests innovations and new product development to improving energy efficiency of roof. Emerging trends, which have a direct impact on the dynamics of the market, include the development of energy efficient cool roofs, increasing use of eco-friendly materials in roofing, and increasing demand of new generation single ply technology in commercial roofing market.
GAF Materials Corporation, Owens Corning, Carlisle, Saint-Gobain, Monier Group, Etex, Johns Manville, and Fletcher Building are among the major suppliers of roofing materials.
Key Topics Covered:
1. Executive Summary
2. Roofing Materials Market Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
- Fletcher Building
- GAF Materials Corporation
- Johns Manville
- Monier Group
- Owens Corning
For more information visit http://www.researchandmarkets.com/research/szwqj6/growth
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SOURCE Research and Markets