Roofing industry is witnessing several long-term relationships between the manufacturers and customers with growing focus on high brand loyalty. Manufacturers in the roofing industry are working towards enhancing their own brand reputation by means of increasing availability of wide-ranging variety of products with compliance to better quality standards compared to their competitors. For attaining competitive edge, leading companies are strategizing on integrating their tiles product portfolio with roofing components.
Energy-Efficient Roofing Materials Trending in Global Market
Roofing solutions that are dependent on reflective metal are expected to gain traction in the overall roofing materials market. Surging number of renovation and new construction activities is likely to boost the growth of roofing materials market.
Emergence of energy-efficient cool roofs, burgeoning customer demand for environment-friendly materials in roofing as well as growing demand for the new generation single ply technology across the commercial roofing market is expected to notably trend in roofing materials market. Asphalt shingles are likely to gain significant traction in roofing materials market due to its easy installation and cost-effectiveness. New energy-efficient developments such as solar glass roof by Tesla that creates its own energy has been gaining increasing consumer demand from the global market, thereby trending in roofing materials market.
Highly cost sensitive features of roofing materials is expected to hamper the growth of roofing materials market. For example, asphalt shingles are developed from petroleum, owing to which, volatile prices of roofing materials is likely to take place. Moreover, roofing materials such as bitumen are also restricted in certain parts of U.S. mainly due to non-conformance to the environmental standards. These factors are anticipated to substantially hinder the growth of roofing materials market.
Asphalt Shingles Roofing Material to Drive Revenue Growth of Roofing Shingles Market
Asphalt shingles roofing materials have been witnessing rapidly increasing demand from the residential applications due to easy installation and affordable installation costs. In addition, these roofing materials offer unique properties that are suitable for protection of the roofs that includes temperature fluctuations, water resistance and slope.
Innovative Designs to Be the Focal Area for Roofing Materials Market Manufacturers
Manufacturers are taking immense efforts in developing more innovative aesthetic designs, which in turn drives the production and supply of roofing materials. Manufacturers in roofing materials market are also focusing on energy-efficient roofing materials, by maintaining strength and durability of the product. Increasing number of new housing starts are expected to provide manufacturers with development opportunities for production of shingles and tiles, which in turn positively impact on the growth of roofing materials market. Manufacturers on roofing materials market are strengthening their concentration towards local raw material sites due to growing ease of availability of the raw materials as well as lower transportation costs.
Rising Number of Re-roofing Activities in Developing Countries to Stimulate Roofing Materials Market
Growing demand from non-residential sectors of developing regions such as China, India, Indonesia, Malaysia and Brazil is expected to be a lucrative factor for the growth of roofing materials market. Surging number of heavy investments in the development of non-residential infrastructures namely production units, manufacturing facilities, warehouses, power plants and transportation services in the developing economies is expected to further drive roofing materials market. Burgeoning demand for re-roofing activities in rural areas with supportive government sponsored schemes is expected to stimulate the growth of APAC roofing materials market.
Rapidly increasing retrofitting activities in Europe is expected to significantly push the demand for roofing materials in the region. Sales growth of roofing materials in North America is likely to be driven by the increasing number of activities.
Roofing Materials Market Taxonomy; Market Has Been Classified Based On Installation, Application and Material Type
Based on installation, roofing materials market can be categorized into
Based on application, roofing materials market can be categorized into
Based on material type, roofing materials market can be categorized into
The report estimates sizing and forecast analysis of roofing materials market for 2018-2028. It offers detailed quantitative and qualitative analysis of roofing materials market. Several secondary sources are utilized for identifying and collecting information beneficial for extensive study of roofing materials market. Primary sources include detailed interviews of industry experts for obtaining and verifying crucial information and analyze factors of roofing materials market.
Roofing Materials Market Covers:
Product matrix that offers comprehensive comparison of product portfolio of various companies has been exclusively included in this report. Wide-ranging expertise from several industrial sectors have been integrated in the report. Moreover, the global report will offer clients with one-stop solution for every consulting and research needs.
Regional Analysis in Roofing Materials Market Has Been Holistically Based On:
Roofing Materials Market Focuses On:
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.