An Incisive, In-depth Analysis on the Roofing Materials Market
This study offers a comprehensive, 360 degree analysis on the Roofing Materials market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Roofing Materials market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Roofing Materials Market: Moving Beyond Safety and Weather Resistance
For decades, roofing materials and techniques have been playing a vital part in making homes more weather resistant, controlling interior temperature or environment, and boosting street appeal of the house. It is also pertinent to note, roofing has been the same for years, with little to no innovation. However, the population of today is increasingly becoming pragmatic, organic, and green. The result is likely to bring notable changes in roofing industry in general and roofing materials in particular.
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). In recent years, rapid increase in retrofitting activities in developed countries and continued expansion of the construction industry in developing economies are significantly boosting sales of roofing materials.
Energy-efficient Roofing Materials to Lead the Second Wave of Growth
As low-cost and ease of installation remain influencing factors, asphalt shingles continue to witness higher demand and investment as compared to bitumen. While bitumen has been restricted in several countries due to non-conformance with environmental standards, volatility in prices of petroleum-based roofing materials, especially asphalt shingles, is leading to realignment of manufacturers’ strategies.
Mounting concerns over the sustainability of construction materials are changing the building culture, and roofing materials are no exception. Manufacturers have been focused on increasing the production of metal shingles, highly influenced by the ‘recyclability’ quotient. However, relatively high cost associated with metal roofing and labor concerns continue to represent threat for market players. Innovations are forthcoming to replace conventional materials with ecofriendly variants. Moreover, leading names in tech, such as Tesla, are entering the sustainable roofing space with production of new type of roofing shingle made of textured glass that will harness energy of the sun to power homes and cost less than traditional roof systems.
North America Leads Global Adoption, APAC’s Market Remains Lucrative
Growth prospects of the roofing materials market are high in the U.S. and EU5, in view of increased retrofitting activities in both residential and commercial buildings with aging and weathered shingles. As homeowners are taking the financial plunge to get a new roof, manufactures are centering on improving their offerings. In the current scenario, North America accounts for 46% of the global market value, and the trend is likely to continue over the predefined timeframe. The U.S.’s market in particular hit its US$ 40 Bn mark in 2019.
Asia Pacific will continue to offer greater opportunities for market players, due to rising government investments in major construction projects across the region. Mass urbanization and increasing need for residential housing units to sustain growing populace, especially in China and India, will complement growth of the APAC’s roofing materials market. Strong focus on lifespan, recyclability, energy efficiency, ease of installation, and aesthetics of roofing materials among consumers is further influencing innovation strategies of manufacturers.
Roofing Materials Market: Competitive Landscape
A number of companies vying a pie of the roofing materials market continue to increase with each passing years, given consideration to increasing infrastructural development across the globe. Some of the leading market players include GAF Materials Corporation, CertainTeed, Owens Corning, Atlas Roofing Corporation, Carlisle Companies Inc., Boral Ltd., Braas Monier Building Group, Johns Manville, and Etex.
Roofing Materials Market Analysis 2019 - 2029
A recent market study published by Future Market Insights on the roofing materials market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the roofing materials market are obtained with maximum precision.
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.
Chapter 01 – Executive Summary & Market Overview
The report begins with an executive summary of the roofing materials market, which includes key findings and statistical analysis of the market. Readers can find the definition and detailed taxonomy of the roofing materials market in this chapter, which will help them understand the basic information about the market.
Chapter 02 – Roofing Materials Market Dynamics & Scope
This section explains the global market value analysis and forecast for the roofing materials market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the roofing materials market during the forecast period. This section also highlights the opportunity analysis for the roofing materials market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the roofing materials market. It also offers detailed value chain analysis and regulatory framework. This section covers pricing analysis of the roofing materials market at the regional level as well.
Chapter 03 - Global Roofing Materials Market – Business Environment Analysis
This section explains the global market scenario of roofing materials with the help of Porter’s Five Analysis and PESTEL Analysis.
Chapter 04 – Global Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Product
Based on the type of product, the roofing materials market has been segmented into asphalt shingles, concrete & clay tiles, plastic roof, metal roof, and others. In this chapter, readers can find information about key trends and developments in the roofing materials market and market attractiveness analysis, based on product type.
Chapter 05 – Global Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Application
This chapter provides details about the roofing materials market based on application, and has been classified into residential and non-residential. Through this chapter, readers can understand market attractiveness analysis based on application.
Chapter 06 – Global Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the roofing materials market is anticipated to grow across five key geographic regions such as North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa (MEA).
Chapter 6.1. – North America Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America roofing materials market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on material type, application, form, installation type and countries in North America.
Chapter 6.2. – Europe Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the roofing materials market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
Chapter 6.3. – Asia Pacific Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in the Asia Pacific region, which are prime subjects of assessment to obtain growth prospects of the Asia Pacific roofing materials market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific roofing materials market during the forecast period.
Chapter 6.4. – Central & South America Roofing Materials Market Analysis 2014-2018 and Forecast 2019-2029
This chapter explains how the roofing materials market is anticipated to grow across the Central and South American region.
Chapter 6.5. – MEA Roofing Materials Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the roofing materials market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 07 – Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the roofing materials market, along with their market presence analysis by region and product portfolio.
Chapter 08 – Dashboard & Company Profiles
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. The report features detailed strategic profiles of 15 prominent players active in the market, which include GAF Materials Corporation, Atlas Roofing Corporation, CertainTeed Corporation, Owens Corning, Johns Manville Roofing Systems, Etex, Fletcher Building, Eagle Roofing, Boral Roofing, Wienerberger AG, Crown Building Products, LLC, Carlisle Companies Inc., North American Roofing Services, Inc., CSR Limited, and TAMKO Building Products LLC.
Chapter 09 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the roofing materials market report.
Chapter 10 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the roofing materials market. The report focuses on roofing materials consumed in the Chemicals & Materials industry.