According to a new market report published by Lucintel, the future of the global roofing materials market looks promising with opportunities in the growth of the construction industry. The roofing materials market is estimated to reach $120.3 billion by 2021 and is forecast to grow at a CAGR of 3.8% from 2016 to 2021. The major growth driver for this market is the growth in new construction and renovation activities.
Browse 28 market data tables and 119 figures spread through 168 pages and in-depth TOC on “Global Roofing Materials Market"
http://www.lucintel.com/roofing_materials_market_2016-2021.aspx
In this market, shingle, metal, and tiles are the major product forms used as roofing materials. Lucintel predicts that the demand for tiles is likely to experience the highest growth in the forecast period; this growth is supported by growing demand in the construction industry. On the basis of comprehensive research, Lucintel forecasts that the tile and shingle markets are expected to show above average growth during the forecast period.
Within the roofing materials market, the residential market is expected to remain the largest market by value. Improvement in economy and the new housing starts are expected to spur growth for this segment over the forecast period.
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Asia Pacific is expected to remain the largest market due to growth in the construction industry and re-roofing activities. Asia Pacific and the North America are expected to witness good growth over the forecast period because of growing renovation activities.
For business expansion, the report suggests innovations and new product development to improve the energy efficiency of roofs. Emerging trends, which have a direct impact on the dynamics of the market, include the development of energy efficient cool roofs, increasing use of eco-friendly materials in roofing, and increasing demand for new generation single ply technology in the commercial roofing market. GAF Materials Corporation, Owens Corning, Carlisle, Saint-Gobain, Monier Group, Etex, Johns Manville, and Fletcher Building are among the major suppliers of roofing materials.
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Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global roofing materials market by product type, application type, and region and has compiled with a comprehensive research report entitled, “Growth Opportunities in the Global Roofing Materials Market 2016 - 2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the growth opportunities in the global roofing materials market through 2021 segmented by product type, application type, and region as follows:
Roofing materials market by product type [value $ billion from 2010 to 2021]-
Shingle
Metal
Tiles
·Others
Roofing materials market by application type [value $ billion from 2010 to 2021]-
Roofing materials market by region [volume (million square meters) and value $ billion from 2010 to 2021]-
North America
Europe
Asia Pacific
The Rest of the World
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This 168-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/roofing_materials_market_2016-2021.aspx or helpdesk@lucintel.com.
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