Global Residential Roofing Market: Industry Analysis, Size, Share, Growth, Trends and Forecast 2019
Albany, New York (PRWEB) July 28, 2014
Residential roofing comprises of installing roofs, sidings and drainage systems for roofs. On the basis of end use, residential roofing can be segmented as reroofing and new construction roofing. Historically, reroofing dominated the global residential roofing market and the trend is expected to continue. However, rising residential and commercial construction activities, particularly in Asia Pacific, is expected to drive the new construction roofing segment of the market.
Residential roofing employs several materials such as ceramic or concrete tiles, sheet metal, bricks, aluminum and polyurethanes among others. Acceptance of roofing materials is dependent on various factors such as durability, ease in installation, energy efficiency and government regulations.
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Demand for residential roofing is profoundly dependent on the growth of construction industry. The reroofing segment is mainly driven by disposable income and new product development. New construction segment is driven by growing population and overall economy growth rate. Natural calamities and government regulations are amongst the other drivers for the residential roofing industry. Economic slowdown has been a major restraint for industry growth. Increasing demand for energy efficient homes is expected to offer huge growth opportunities for the industry.
Asia Pacific region is expected to drive the growth of new construction roofing mainly owing to the developing economies of India and China. Major roofing materials employed in the Asia Pacific region include asphalt shingles, metal roofing and roofing tiles. In developed economies of North America and Europe, several government regulations have been imposed to improve the energy efficiency of homes. Energy efficient and easy to install materials such as spray polyurethane foams is expected to gain market share in North America. The rest of the world regions are mainly driven by the increasing demand from Middle East and Latin American countries.
Some of the market players in the residential roofing market include BASF AG, Atlas Roofing Corp., Johns Manville, Knauf Insulation Inc., Lapolla, Bayer, Saint-Gobain, Owens Corning, GAF Materials Corp., Sika Sarnafil Inc., Rockwool Group, Royal Group Inc., and CertainTeed among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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