Roofing materials are widely used in the construction of building in the residential and commercial sectors that gives greater aesthetic appeal, long service life, with low maintenance and resistance to wind. These roofing material is widely used for to transform into wide variety of shapes with new design techniques. Consumers are shifting more towards construction of energy efficient and green building that requires roofing materials in large quantity. Asphalt shingles, metal roofs, and concrete and clay tiles are various types of roofing materials that are used for construction of buildings with artistic appeal and new design technology. Past few years, roofing structures have been developed as an architectural trademark, being eco-friendly and also visually attractive, along with reasonably priced.
Roofing Materials Market: Key Players
The research study includes profiles of leading companies operating in the global roofing materials market. Key players profiled in the report include: CertainTeed, Boral Ltd., GAF Materials Corporation, Carlisle Companies Inc., Tesla, Braas Monier Building Group, Atlas Roofing Corporation, Etex, Owens Corning and Johns Manville.
Drivers for the Global Roofing Materials Market:
Increase in demand for office space, homes and residential buildings is one of the major factor that is enhancing the growth of the global roofing material market. Along with this, rise in adoption of cutting-edge technology like drones that are used for surveying the roofs for its installation is considered as another factor that is also driving the growth of the global roofing material market. Moreover, adoption of metal roofing in industrial applications which provides superior lifespan and fire resistance advantages is also one of the factor which is responsible for the market growth.
Opportunities for the Global Roofing Materials Market:
Increasing investments in the redevelopment and renovation of commercial and residential buildings is one of the major factor that will drive the growth of the global roofing material market in the forecast period. Along with this, use of 3D printing technology for manufacturing various structural components of roofing systems and rise in adoptions of plastic roofing are some another factors that will also enhance the growth of the global roofing material market during the forecast period. Moreover, increase in population, rapid urbanization and rise in income are some of the factors that are also considered for the growth of the market in the coming future.
Restrains for the Global Roofing Materials Market:
High cost associated with the innovative ecofriendly materials that are used in roofing and have replaced conventional materials is considered as one of the major factor that is hampering the growth of the global roofing material market. Along with this, decrease in number of qualified and skilled laborers is another factor that is also hampering the growth of the global roofing material market. Moreover, metal roofing is also requires high cost which also restrains the market growth.
Region Wise, Global Roofing Materials Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of increase in residential housing construction activities, increasing demand for office spaces, rise in industrial operations and increase in new construction or renovation activities. Asia Pacific is also having maximum share in the global roofing materials market which is followed by the Middle East and Africa region.
Covid-19: Impact and Recovery Analysis for Global Roofing Materials Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Roofing Materials Market globally. Most of the industries and businesses like: roofing material are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The global construction industry once was booming due to the residential and commercial construction, has been affected by the suspension of the construction activities due to outbreak of covid-19. The construction in the U.S. has been majorly hit due to labor shortages and lockdown imposed by the government. Once the roofing material market resumes consumers would shift towards renovations and construction of houses/villas. For life to get normal with regard to the coronavirus pandemic it may take a long time to reach a new normal level like how life was before the outbreak across the manufacturing and supply chain processes.
Global Roofing Materials Market: Product analysis
- Asphalt Shingles
- Concrete & Clay Tiles
- Metal Roofs
Global Roofing Materials Market: Application analysis
Global Roofing Materials Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East