1. What is the projected Compound Annual Growth Rate (CAGR) of the Roofing Materials Market?
The projected CAGR is approximately 3.6%.
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Roofing Materials MarketRoofing Materials Market by Material (Bituminous, Tile, Metal, Elastomeric, Others), by End-use Industry (Residential, Non-Residential, Industrial), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Spain, Russia & CIS, Rest of Europe), by Asia Pacific (China, Japan, India, ASEAN, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa) Forecast 2025-2033
The Roofing Materials Marketsize was valued at USD 138.43 USD Billion in 2023 and is projected to reach USD 177.32 USD Billion by 2032, exhibiting a CAGR of 3.6 % during the forecast period. The outermost layer of a roof is the roof fabric in which, whenever possible, it stands by its own means, or through the assistance of the dimensions below in the last result. Roof materials made mainly from natural ingredients act as a shelter from environmental factors such as heat, cold and rain. Look for roofing systems that can be composed with a self-assembling and installing with the top sheets. Installing these materials such as asphalt shingles, metal shingles, wooden buildings and ceramic tiles is considered the common roofing materials. They have the ability to withstand harsh weather patterns, thus ideal for economical and industrial buildings. These roofs also have reassured durability comparing to other kinds of roofs which can last up to 50 years offering a proper fallback for extreme weather conditions. A roof outfitting has a crucial role in the overall environmental footprint of the building.
Material:
End-use Industry:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 3.6% from 2019-2033 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 3.6%.
Key companies in the market include Owens Corning (U.S.), CertainTeed Corporation (U.S.), Atlas Roofing Corporation (U.S.), BMI Group (U.K.), Johns Manville (U.S.), IKO Industries Ltd. (U.S.), GAF (U.S.), TAMKO Building Products, Inc. (U.S.), Carlisle Companies Incorporated (U.S.), Firestone Building Products Company, LLC (U.S.) .
The market segments include Material, End-use Industry.
The market size is estimated to be USD 138.43 USD Billion as of 2022.
Increasing Demand for Eco-Friendly Plastics from Packaging Industry to Propel Market Growth.
Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities.
Higher Price of Roofing Materials to Hinder Market Growth.
January 2022 - Owens Corning acquired Natural Polymers LLC, a company that specializes in the manufacturing of spray polyurethane foam insulation for building and construction applications.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Square Meters.
Yes, the market keyword associated with the report is "Roofing Materials Market," which aids in identifying and referencing the specific market segment covered.
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