Roofing Materials Market Growth, COVID Impact, Trends Analysis Report Forecast to 2029


In 2018, the global roofing materials market accounted for revenues worth US$ 115 Bn, and it is expected to record a CAGR of 4% during the forecast period (2019-2029).

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Future Market Insights recently published a detailed report on global sales of and improvements in modern-day roofing materials, revealing that the global market value reached roughly 115 billion dollars in 2018. An exponential expansion in the number of residential and commercial structures, to accommodate an ever-increasing population, is primarily driving sales of roofing materials.

Manufacturers are increasingly focusing on materials with low environmental effect as the worldwide focus on sustainability of all aspects of an industry intensifies. Furthermore, increased awareness of the value of roof space and the potential of unique roofing materials for purposes other than keeping people warm and dry has influenced innovation tactics, according to the FMI report.

Manufacturers Eyeing Lucrative Opportunities in Developing Markets

In recent years, a number of population in urban cities of Asian pacific countries have been increasing on a significant pace, thereby potentially raising the need for both residential and commercial buildings. This, in turn, is weighing on same scale as increasing demand for roofing materials.

In the view of growing labor concerns across the globe, market players are seeing developing countries from manufacturing perspective, where operation as well as labor costs are relatively low. Furthermore, in Middle East Africa, demand for roofing materials is expected to grow strong going forward, owing to recent economic development in several countries.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-5659

Green Roofing with High Aesthetic Appeal: A Key to Gain Competitive Edge

In order to align with sustainability trends while maintaining an aesthetic appeal of their products, roofing companies and shingle manufacturers are increasingly entering into partnership with designers to offer consumer-centric products. Maintaining a long-term relationships with customers by offering better quality products and services also remain a key focus area of manufacturers.

Roofing Materials Market: Segmentation

The global roofing materials market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Product:

  • Asphalt Shingles
  • Concrete Clay Tiles
  • Plastic Roof
  • Metal Roof
  • Others

By Application:

  • Residential
  • Non-residential

More About the Report

FMI’s study offer comprehensive analysis and forecast statistics of the roofing materials market. The study divulges compelling insights on the roofing materials market on the basis of installation (retrofitting and new installation), application (commercial and residential), and material (bitumen, plastic roofing, metal roofing, tile roofing, asphalt shingles, and others).

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https://www.futuremarketinsights.com/category/chemicals-and-materials

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