Global Roofing Materials Market Size, Share, Industry Growth, Analysis, Price, Outlook Report and Forecast 2023-2028
Roofing Materials Market Outlook
According to the latest report by Expert Market Research (EMR), the global roofing materials market share is poised for remarkable growth, with a projected CAGR of 5.0% between 2023 and 2028. This surge in demand can be attributed to several key factors, including urbanization, climate change adaptation, and the growing focus on sustainable construction practices. Roofing materials play a pivotal role in protecting structures from environmental elements, making them a vital component in the construction industry’s evolution.
The evolution of the roofing materials market is marked by innovative solutions that cater to diverse needs. Roofing materials have transcended their functional role to become design elements, contributing to the aesthetic appeal of buildings. This transformation has been further accelerated by the architectural shift towards sustainable and green construction practices.
One significant driver of growth is the increasing awareness of energy-efficient roofing materials. As climate change concerns intensify, the demand for cool roofing solutions and materials that enhance insulation while reducing energy consumption is on the rise. Such materials not only reduce the environmental impact but also result in cost savings for building owners in the long run.
The roofing materials market has also been influenced by the demand for resilient and weather-resistant solutions. Extreme weather events are becoming more frequent, necessitating roofing materials that can withstand hurricanes, heavy rainfall, and other climatic challenges. This has spurred research and development efforts to create robust roofing materials that provide superior durability.
Roofing Materials Market Segmentation
The roofing materials market can be segmented based on various criteria:
Market Breakup by Material Type
- Asphalt Shingles
- Metal Roofing
- Tile Roofing
- Bitumen
- Green Roofing
- Others
Market Breakup by Application
- Residential
- Commercial
- Industrial
- Institutional
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Roofing Materials Market Competitive Landscape
The Expert Market Research report offers insights into the competitive landscape of the roofing materials market, including market shares, product innovations, strategic collaborations, and mergers and acquisitions. Some of the prominent players in the global roofing materials market include:
- BMI Group
- Fletcher Building
- Owens Corning
- Atlas Roofing Materials Corporation
- TAMKO Building Products LLC
- GAF Materials LLC
- Certain Teed
- Others
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