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The Worldwide Roofing Industry is Expected to Reach $101.9 Billion by 2027 - ResearchAndMarkets.com

Businesswire ·  Nov 3, 2021 13:36

DUBLIN--(BUSINESS WIRE)--The "Roofing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Amid the COVID-19 crisis, the global market for Roofing estimated at US$79.3 Billion in the year 2020, is projected to reach a revised size of US$101.9 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027.

Asphalt Shingles, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach US$31.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metal segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $18.5 Billion, While China is Forecast to Grow at 5.1% CAGR

The Roofing market in the U.S. is estimated at US$18.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$22 Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Elastomeric Segment to Record 3.9% CAGR

In the global Elastomeric segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.4 Billion in the year 2020 will reach a projected size of US$4.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.4 Billion by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

Select Competitors (Total 128 Featured) -

  • American Hydrotech, Inc.
  • Atlas Roofing Corporation
  • Carlisle Construction Materials LLC
  • Cornerstone Building Brands
  • Duro-Last Roofing, Inc.
  • Etex Group SA
  • Firestone Building Products
  • Fletcher Insulation
  • IKO Industries, Ltd.
  • Johns Manville
  • Masterplast Group International
  • Nucor Building Systems
  • Owens Corning
  • Rockwool International A/S
  • Saint-Gobain SA
  • CertainTeed Corporation
  • Sika AG
  • Sika Sarnafil, Inc.
  • Standard Industries, Inc.
  • BMI Group
  • Braas Monier Building Group S.A.
  • BMI UK & Ireland
  • GAF
  • TAMKO Building Products, Inc.
  • The Garland Company, Inc.
  • USG Boral
  • Wienerberger AG
  • Xtratherm Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Roofing
  • Types of Roofing Products
  • Asphalt Shingles
  • Metal Roofing
  • Elastomeric Roofing
  • Built-up Roofs
  • Roofing Tiles
  • Modified Bitumen
  • Plastic Roofing
  • Other Types of Roofing
  • Wood
  • Slate Roofs
  • Cold-Applied Roofing and Waterproofing Systems
  • Liquid-Applied Monolithic Membrane Systems
  • Single Ply Roofing
  • Felts
  • Polyurethane Roofing Systems
  • Roofing Materials: Improving Strength, Durability and Energy Efficiency of Residential and Non-Residential Buildings
  • Residential Sector Fuels Demand for Roofing Products
  • Asphalt Shingles Remain the Most Popular Roofing Material, Metal Roofs Find Acceptance
  • Asian Economies Spearhead Growth in the Global Roofing Market
  • COVID-19 Impacts Construction Industry, Affecting Prospects in Roofing Market
  • Supply Chain Disruptions
  • Companies to Gear up to Face the Crisis
  • Building Renovations & Reroofing: Key Revenue Contributors in Developed Markets
  • Investments in Infrastructure Projects Support Market Demand

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Perennial Need for Roofing in Buildings Drives Healthy Demand for Roofing Materials
  • Major Roofing Technology Trends Summarized
  • Dark and Reflective Surfaces
  • Fireproof Roofing
  • Green Roofing
  • Insulated Roofing
  • Cool Roofing
  • Building-Integrated Photovoltaics (BIPV)
  • Solar Roofing
  • Living Roof
  • Metal Roofing
  • Roofing Colors
  • Roofing Tiles
  • Slate Roof
  • TPO Single-Ply Roofing Membranes
  • Elastomeric and Plastic Roofing
  • Flat Roofs
  • Membranes-based Flat Roofing
  • Seamless Gutter
  • Rising Significance of Environment-Friendly and Technologically-Advanced Roofing Solutions: The Fundamental Growth Driver
  • Sustainable Roofing Solutions Gain Popularity
  • Concerns over Increasing Heat and Smog in Urban Centers Necessitate Advanced Roofing Solutions
  • A Glance at Select Environment-Friendly Options for Roofing Materials
  • Surge in Energy Consumption and the Resultant Need for Energy Efficient Roofing Drives Demand for Insulated Roofs
  • Climate Change and Increasing Global Temperatures Fuel Demand for Roof Insulation
  • Growing Need to Achieve Sustainability and Cost Savings Propels Demand for Green Building Materials
  • Green Roofing Technologies Offer Huge Untapped Market Potential
  • Solar Ready Roofs
  • Energy-Efficient Asphalt Shingles
  • Reflective Roof Coatings
  • Lighter Roofing Shades Find Favor
  • Despite Competition from Alternative Roofing Materials, Asphalt Shingles Continue to Maintain the Lead
  • Innovations in Asphalt Roofing Support Segment Growth
  • Hybrid Asphalt Roof Systems Find Widespread Application
  • Shingle Recycling Gathers Momentum
  • Newer Roofing Alternatives Emerge as Replacements for Conventional Materials

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ln2trs


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