Roofing Market was valued at US $223.13 Bn. in 2022, and it is expected to reach US $ 312.30 Bn. by 2029 with a CAGR of 4.92% during the forecast period.
Roofing Market Overview
As per Maximize Market Research, global business research and consultancy firm,the global market Roofing Market was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Roofing Market Scope and Methodology
The bottom-up approach was used in the report to estimate the Roofing Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Roofing market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Roofing market.
Roofing Market Regional Insights
Categorized broadly, the Roofing market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.
Roofing Market Segmentation
The roofing market is divided into chemical and material segments based on type. Due to the increased and value-added properties of chemical roofing in 2021, the chemicals segment dominated and controlled nearly% of the market in terms of revenue. Corrosion resistance, hardness, and high-temperature stability are all characteristics of chemical roofing. In the MMR’s report, specific information on each segment is presented.
The roofing market is divided into the following categories: residential, commercial, industrial, and others. In terms of revenue, the residential segment dominated the market in 2021, accounting for about% of it. The roof is a crucial component of the building since it provides protection for the structure and enhances its aesthetic appeal. Demand for roofing materials for residential usage is rising as a result of increased institutional and governmental assistance for the development of housing infrastructure in emerging markets.
The need for residential roofing materials is primarily driven by the growing population and the growing demand for single-family home constructions. The overall demand for residential buildings is also greatly influenced by easy financing and cheap interest rates. In the MMR’s report, specific information on each segment is presented.
1 Global Roofing market, by Type (2022-2029)
• Chemicals
• Materials
2 Global Roofing market, by Application (2022-2029)
•Residential
• Commercial
• Industrial
• Others
3 Global Roofing market, by Roofing Material (2022-2029)
• Bituminous Roofing
• Metal Roofing
• Tile Roofing
• Others (RCC & Plastics)
• By Roofing Type
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Roofing Market Key Players
1. GAF Materials Corporation
2. Atlas Roofing Corporation
3. Owens Corning
4. Braas Monier Building Group
5. BASF SE
6. 3M
7. The Dow Chemical Company
8. Duro Last Roofing
9. Sika AG
10. Standard Industries Inc.
11. Johns Manville
12. Saint Gobain
13. Boral Ltd.
14. Etex
15. Tamko Building Products
16. Carlisle Company Inc.
17. Others
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Key questions answered in the Roofing Market are:
- What is Roofing?
- What was the Roofing market size in 2022?
- What are the different segments of the Roofing Market?
- What growth strategies are the players considering to increase their presence in Roofing?
- What are the upcoming industry applications and trends for the Roofing Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Roofing Market?
- Who are the key players in the Roofing market?
- What segments are covered in the Roofing Market?
- Who are the leading companies and what are their portfolios in Roofing Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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