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Roofing Materials Market is anticipated to generate significant revenues by 2025

Author : Rahul Varpe | Published Date : 2019-10-15 

Roofing Materials Market report, added by Global Market Insights descriptively covers the present & future growth trends, in addition to highlighting the global expanse of this industry and elaborating the regional share and contribution of each region of the Roofing Materials market. The study evaluates the competitive environment, strategies undertaken by prominent players, supply & demand analysis, and revenue growth statistics.

North America is relatively a matured market as compared to other regions and is increasing at a slower growth rate due to development of BUR and SPR technologies in the regional market. Various global manufacturers have focused on strategic acquisitions and partnerships with other companies to expand roofing materials market growth.

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Raw ingredients used in the construction of these constituents are commercially available products which includes tiles, thatches, plastic sheeting and slates. These products are known for mainly providing shelter from various natural climate. These are produced primarily from metal, cement, clay and bitumen. An extensive range of product is available depending upon performance, aesthetic structure and economic reasons. In recent years, housing designs are turned into an architectural trademark which apart from being ecofriendly is also aesthetically attractive, reasonably priced and structurally sound.

Latin America is another advancing region to attract manufacturers as there are large number of construction activity going on particularly in Brazil and Argentina. Gradual increase in local ceiling technologies is anticipated to boost the roofing materials market.

Key players included in roofing materials market are TAMKO Building Products, CertainTeed, Etex, GAF, Saint Gobain SA, Owens Corning, IcoPal ApS, Sika AG, Fletcher Building. Some of the other prominent players include Johns Manville, Carlisle, Monier Group, Firestone Building Products and Braas Monier Building Group.

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Based on product type, tiles and shingles are the largest roofing materials market due to their high insulation techniques and low cost. Shingles and plates are most preferred residential ceiling products as they are highly durable and have a long-life span due to its high strength. Wood shingles, shakes, slates, asphalt shingles, asbestos and shingles are the most demanded shingles in market along with various tile including monk & nun, imbrex & tegula, Dutch roof and Mangalore tiles. These shingles and tiles have high initial cost with low long term prices. Aluminum, stainless steel and cooper are most commonly used for manufacturing shingles. Growth in this product segment is anticipated to flourish with the expansion of pre-engineered steel structures for nonresidential and commercial applications which will drive the roofing materials market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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