A freshly compiled business report from IndustryARC evaluates that the global roofing market valued at $79.1 billion for the year 2018, and projects the opportunities to grow with a CAGR of 6% during the forecast period 2019-2025. The report is titled: “[URL=https://industryarc.com/PressRelease/966/Roofing-Market-Research.html]Roofing Market[/URL]: By Type (Asphalt Shingles Roofing, Metal Roofing, Others); By Application (Reroofing, New Construction Roofing) & By Region – Forecast (2019 - 2025).” Roofing Market: Leading Segments
Transparent roofing, PMMA roofing, polymer roofing, asphalt shingles roofing, metal roofing, elastomeric roofing, built-up roofing, and modified bitumen roofing are the majorly used roofing in the present-day construction. The new construction roofing application is projected to grow at a CAGR of 8% throughout the aforesaid forecast period of the IndustryARC report. Metal roofing is rising the resale value of a home, thus it has become the superior choice of owners and buyers as well.
Increased government spending, investment, and rising urbanization are the key factors that are empowering the APAC economy. According to the Building & Construction Authority, total construction demand in Singapore will reach $32 billion by the end of 2019. Even the distribution of industrial, residential, and infrastructural projects coupled with the healthy spread of construction projects across ASEAN are enabling the growth of the Asia-Pacific region in the roofing market. Therefore, APAC ruled out with a regional share of 76% among other regions in the global roofing market as of 2018.
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[URL]https://www.industryarc.com/Report/18234/roofing-market-research-report-analysis.html[/URL]
Roofing Market: Disruptive Trends
Strong and durable metal roofing is preferred by the buyers because of its longevity, resistance against restless rains, fire, snow, high winds, hail and no scope for cracks and splits.\
Eco-friendly metal roofing is emerging at a faster rate as it is easy to install.
Advanced roofing technology named 3D printing is providing fruitful results and progressing at a greater rate.
Widespread use of stainless nails, and liquid sealants in roofing, as it makes the roof installation at ease, and the process even more cost-effective.
Growth in the number of shingle roofs and metal roofs which are associated with this solar panel installation, due to the increasing concern of people regarding the efficient utilization of energy.
New innovation namely drone technology which is embracing the contractors and assisting the roofers to work with comfort at the job site instead of dying in the hot sun.
Roofing Market: Competitive Landscape
GAF, Johns Manville, Duro-Last Roofing Inc., Atlas Roofing Corporation, Certain Teed Corporation, IKO Industries Ltd., Owens Corning, Firestone Building Products Company, TAMKO Building Products Inc., Carlisle, and Brass Monier Building Group Services S.A. are the prominent players which are operating with major shares in the global roofing market.
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