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World Roofing Market Worth 12 Billion Square Meters by 2018 Says A New Research Report at ReportsnReports.com

ReportsnReports.com adds Latest Report on “World Roofing to 2018” to its store.

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World Roofing Industry Demand to Grow 4% Annually to 2018

Dallas, TX (PRWEB) May 31, 2014

World demand to rise nearly 4% annually through 2018
Demand for roofing products worldwide is projected to grow nearly four percent per year through 2018 to over 12 billion square meters, a significant improvement from the lethargic performance of the 2008-2013 periods. Demand growth will primarily be stimulated by rebounding residential building construction activity in many developed countries, including the US. Continued strong growth in lower income areas, particularly in Asia, will also contribute to demand gains.

Tile roofing, popular in Asia, to outpace bituminous types
Though the mix of roofing materials used varies from country to country, bituminous and tile products were the most popular choices in 2013, together accounting for 70 percent of global demand in area terms. Tile products are forecast to see slightly faster demand growth than bituminous products through 2018, and will see a small increase in market share. Tile products will benefit from their intensive use in the rapidly growing Asia/Pacific market. However, both elastomeric and plastic roofing are projected to post faster demand gains through 2018, though they will continue to account for only small shares of the total market. Fiber cement products are forecast to lose market share through 2018, in part due to growing health concerns over the use of asbestos.

Complete report is available at http://www.reportsnreports.com/reports/287282-world-roofing-to-2018.html.

Nonresidential construction to be fastest growing market
Demand for roofing in new nonresidential construction applications is projected to register the fastest gains of any market through 2018, driven by recovering nonresidential construction activity in developed countries and continued strong growth in developing areas throughout the Asia/Pacific and Africa/Mideast regions. Demand for roofing in new residential applications fell between 2008 and 2010 due to the housing market collapses in many developed countries, and only began to recover in 2011. Rebounds in many of these housing markets will allow roofing demand in new residential construction applications to post above average gains through 2018.

China, US to claim over half of all new roofing demand
China and the US will account for over one-half of global gains in roofing demand in square meters through 2018. China, the world’s largest market for roofing products in 2013, will maintain its trend of strong growth and account for one-third of global market gains. The US is projected to recover from a housing market collapse that began in 2006 and caused roofing demand in the country to plummet. Strong growth is also expected in a number of smaller roofing markets, including Indonesia, India, and Turkey. Although some higher-income countries will see fast, rebound-fueled growth similar to the US, market gains will typically be slower than in lower-income areas. In fact, Western Europe will exhibit the slowest regional roofing market growth through 2018

Purchase a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=287282.

Company Profiles
Company Profiles for 40 global industry players such as Etex, GAF Materials, Monier, Owens Corning & Saint-Gobain

Additional Information
This study analyzes the world market for roofing products, materials, and systems. Products covered include bituminous roofing (shingles and plates as well as membranes used in low-slope applications), clay and concrete tile, elastomeric roofing, fiber cement shingles and panels, metal roofing, plastic roofing, and other roofing materials (such as green or vegetative roofs, recycled rubber roofing, slate roofing, tensioned fabric roofing, and wood shingles and shakes). Although most of these are distinct products supplied and shipped by manufacturers to roofing contractors and other users and distributors, it should be noted that some (in particular built-up bituminous roofing systems) are installed on-site from a variety of different materials supplied by different vendors. Materials used as underlayment for other roofing products and roofing accessories, such as metal flashings, snow guards, and vents, are not included in the scope of this study.

Historical data (2003, 2008, and 2013) and forecasts for the years 2018 and 2023 are provided for roofing demand in millions of square meters by product type and market (new residential, residential reroofing, new nonresidential, and nonresidential reroofing). Forecasts are also provided for roofing demand (sales) in millions of current US dollars (including inflation) by country, by region and, at the world level, by product, as well as for roofing production and net exports. As used in this study, “demand” is defined as the roof area covered by the roofing material, which may differ from the amount of roofing material consumed. The term “demand” is used interchangeably with “sales,” “market,” and “consumption.”

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