Data Bridge Market Research analyses that the roofing market value, which was USD 108.03 billion in 2021, is expected to reach the value of USD 165.79 billion by 2029, at a CAGR of 5.50% during the forecast period. "Materials" accounts for the most prominent type segment in the roofing market owing to the growing urbanization and increased investments in non-residential infrastructures, such as transportation services, power plants, warehouses, manufacturing facilities, and production units, among others. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
As important is the foundation of any given building or infrastructure, so is important the roofing part of it. Bitumen, ceramic coated granules, clay, sand, concrete, and polycarbonate are some of the common materials used in the construction of a roof of any given infrastructure. Nowadays, roofs can be used for a wide range of purposes, one of which is gardening.
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Market Analysis and Insights
From the name itself, it is clear that roofing is a technique involving the use of certain materials such as polymer, concrete, metal, or others to build the roof of any given infrastructural facility. Roofing provides protection against rain, snow, sunlight, extremes of temperature, and wind. Roofing can be built with different shapes such as gabled, hipped, butterfly, arched, flat, mono-pitched, and domed.
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Several countries such as China, India, Brazil and many more imposed lockdown in this face which led to the shutdown of production and manufacturing facilities. The same applies to the roofing market. Supply chain of numerous manufacturing units was adversely affected in this period leading to a major drop in the revenues and profits. There is a huge hit to the market owing to the delay in manufacturing and production of roofing products which are utilized in residential and commercial spaces. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
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Roofing Market Scope
The roofing market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Materials
- Chemicals
On the basis of type, the roofing market is segmented into materials and chemicals.
Application
- Residential
- Commercial
- Non-Residential
- Others
The application segment of the roofing market is segmented into residential, commercial, non- residential and others.
Product
- Asphalt Shingles
- Concrete and Clay Tile Roof
- Metal Roofs
- Elastomers and Plastic Roofs
- Tile Roofs
- Bituminous Roof
- Others
Competitive Landscape and Roofing Market Share Analysis
The roofing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to roofing market.
Some of the major players operating in the roofing market are:
- Owens Corning (U.S.)
- Duro-Last Roofing, Inc. (U.S.)
- BASF SE (Germany)
- 3M (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- Braas Monier Building Group (Luxembourg)
- Sika AG (Switzerland)
- Atlas Roofing Corporation (U.S.)
- Innospec (U.S.)
- ADEKA CORPORATION (Japan)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- PMC Specialties Group (U.S.)
- Afton Chemical (U.S.)
- The Lubrizol Corporation (U.S.)
- Clariant (Switzerland)
- LANXESS (Germany)
- Mayzo, Inc. (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V. (Netherlands)
- Arkema (France)
- Eastman Chemical Company (U.S.)
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