Roofing Market SWOT Analysis and Opportunity and Forecast To 2029
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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