Global Commercial Roofing Materials Market: Overview
Clash between the major companies of commercial roofing materials defines an important characteristics of the global commercial roofing materials market, reports Transparency Market Research (TMR) in their report. The major players in the market are GAF, Tamko Building Products Inc., and Firestone Building Products Co., are challenging each other on the basis of price difference and product innovation in order to mark a strong foot print in the global commercial roofing materials market. The market study suggests that these players will focus more on research and development to fortify their standing across the world.
On the basis of revenue, the commercial roofing materials market is predicted to reach US$10.38 bn by 2024. The market is expected to exhibit a 3.6% CAGR during the forecast. On the basis of geography, the global commercial roofing materials market is particularly dominated by North America over the last years. This region is expected to go-slow in the pace of growth in future as the market gets matured. Asia pacific region is expected to surface as a lucrative regional market in the coming future. Fast paced construction activities is expected to fuel the rise of the market in the Asia Pacific region. Latin America is also expected to attract a slew of leading manufacturers in the commercial roofing materials market.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17882
Construction boom positively impact the market
According to a TMR analyst, the exponential rise in the valuation of the global commercial roofing materials market is caused by the surge in construction boom all over the world. It has been duly noted that renovation and restoration of old buildings and monuments is helping the market to grow. The market based on building type is divided into step sloped roofing and low sloped roofing. Low sloped roofing held a major portion in the market in the past and is predicted to continue so in the future
More Trending Reports
Based on the material type, the commercial roofing materials market is classified into modified bitumen materials, single ply products, metal and collective segment of minority materials, spray polyurethane foam, and built-up roofing. Modified bitumen materials has dominated amongst others in this segment in the recent years. Single-ply products are sub divided into thermoplastic polyolefine, polyvinyl chloride, and ethylene propylene diene monomer.
Request Covid19 analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=17882
High Cost in Installation Likely To Stall the Market Growth
Renovation and restoration activities which are witnessed more by the developed countries would help of provide more favorable chances for the growth in the market. The increase in use of single ply products is also expected to aid the growth of the market in the years to come, studies the report. On the other hand high cost suffered while installing the commercial roof is probably going to burn the pockets of the builders. This is expected to stall the growth of the global commercial roofing materials market in the future. It has also been noted that uneven lifespan of different materials is expected to play an important role in bringing down the market, states the report.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=17882<ype=S
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
