Global Roofing Market to reach USD XX billion by 2027.
Global Roofing Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Rising demand for commercial and residential construction due to increasing Urbanization. For Instance: according to UNCTAD organization from the past ten years urbanization has been the major topic in developing country’s economies, especially in developing regions of Oceania and Asia. The urbanization growth rate increased from 42.3 in 2009 to 49.1 per cent in 2019. Whereas globally a large population lives in metro cities. A decade ago, about 51.1 per cent lived in urban areas by 2019, the rate of urbanization increased to 55.7 %. This rapid increase in urbanization will further surge the demand of infrastructure which will also enhance the market growth of roofing. Rising adoption of environmentally friendly and energy-efficient roofing chemicals and materials. However, high installation and manufacturing cost impedes the growth of the market over the forecast period of 2021-2027. Also, innovations designs and technological advancements in roofing Chemicals and materials is likely to increase the market growth during the forecast period.
The regional analysis of global Roofing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading region across the world in terms of market share owing due to rapid industrialization and growing urbanization. Whereas Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2021-2027. Factors such as rising population and sudden increase in residential, commercial, and industrial infrastructures would create lucrative growth prospects for the Roofing Market across Asia-Pacific region.
Major market player included in this report are:
Atlas Roofing Corporation
Duro-Last Roofing Inc.
The DOW Chemical Company
Owens Corning Corporation
Johns Manville Corporation
Braas Monier Building Group
E. I. Du Pont De Nemours And Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Roofing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers