Industry Background:
The growing infrastructure developments in developing and developed countries will help to boost the global roofing market in the forecasted period. Rapid urbanization, ongoing efforts to build megacities, increasing initiatives by governments to provide affordable housing and development of economic zones in emerging economies are projected to triggered product demand over the forecast period. The global market is witnessing a rise in strategic alliances between contractors and installers with material suppliers helping to serve a wider customer base. Growing digitizations and technological innovations such as drones, robots, and 3D printing are helping to boost the global market.
This growth is primarily driven by Increasing Demand for Residential and Commercial Construction and Rapid Urbanization in Developing and Developing Countries.
Globally, a noticeable market trend is evident Growing Demand for Energy-Efficient Materials
. The Construction Materials sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Owens Corning (United States), Duro Last Roofing Inc (United States), BASF SE (Germany), 3M Company (United States), The Dow Chemical Company (United States), Braas Monier Building Group (Luxembourg), Sika AG (Switzerland) and Atlas Roofing Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On18th March 2019, Atlas Roofing Corporation launched its StormMaster Core Enhanced Polymer Technology. It is focusing on offering this technology to its clients in North America.
Market Drivers
- Increasing Demand for Residential and Commercial Construction
- Rapid Urbanization in Developing and Developing Countries
Market Trend
- Growing Demand for Energy-Efficient Materials
- High Adoption due to Environmentally Friendly Roofing Materials and Chemicals
Restraints
- High Manufacturing and Installation Costs
Opportunities
Emerging Markets are Revenue Pockets for Manufacturers of Roofing Materials and Technological Advancements in Roofing Materials and Chemicals
Challenges
Lower Market Penetration and Economic Slowdown in Europe and China to Decrease the Demand for Roofing Materials and Chemicals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Roofings Study Sheds Light on
The Roofings Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Roofings industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Roofings industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.