The global roofing materials market size is predicted to reach USD 151.49 billion by 2027, exhibiting a CAGR of 3.1% during the forecast period. The growing investment in commercial and residential buildings for renovation and restoration will spur opportunities for the market.

The global Roofing Materials Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.

This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

Roofing Market Driver:

Burgeoning Construction Industry to Back Massive Development

The model welfare government schemes for existing infrastructure and buildings will contribute massively to the growth of the market. The ongoing projects including residential, non-residential, and commercial building plans in the developing nations will influence the tremendous growth of the market. The rising consumer spending on manufactured products and services will have a progressive effect on the market during the forecast period. The growing proclivity about the prominence of roofs in the enhancement of building’s appeal will promote the growth of the market. For instance, roofs offer weatherproof protection against rain, heat snow, and other elements. The rising application of metal, EPDM, and built-up roofs in commercial buildings will enable speedy expansion of the market. In addition, the flourishing global construction industry will create lucrative opportunities for the market in the forthcoming years.

Key Development:

February 2019 – Brickability Group plc announced the acquisition of McCann Roofing Products Limited, a global leader of high-quality roofing products for the construction industry. The new development of the company will support its distribution network to serve the construction industry abundantly with innovative products.

Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/roofing-materials-market-102859

The Report Lists the key Companies in the Market:

Owens Corning (U.S.)
CertainTeed Corporation (U.S.)
Atlas Roofing Corporation (U.S.)
Braas Monier Building S.A. (U.K.)
Johns Manville (U.S.)
IKO Industries Ltd. (U.S.)
GAF Materials Corporation (U.S.)
TAMKO Building Products, Inc. (U.S.)
Carlisle Companies Incorporated (U.S.)
Firestone Building Products Company, LLC (U.S.)
Other Key Players
Rising Refurbishment Activities to Aid Expansion in Asia Pacific

The market in Asia Pacific generated a revenue of USD 44.61 Billion in 2019 and is predicted to grow rapidly during the forecast period. The growth in the region is attributed to the growing construction sector. The refurbishment activities of commercial and residential buildings in India and China will contribute positively to the growth of the market in the region. The surge in industrial operations and growing population will have a positive impact on the market. The expansion of various commercial spaces and offices will promote the growth of the market. In addition, the flourishing residential construction activities in India will enable the healthy growth of the market. For instance, the Indian government has announced a target of 20 million affordable houses by 2022. These factors together will favor the growth of the market in Asia Pacific.