Global Roofing Market Soaring at 4.9% CAGR to 2026 Led by Chemical Segment

PUNE, India, November 28, 2016 /PRNewswire/ --

The worldwide roofing market is projected to reach USD 270.40 billion by 2026, at a CAGR of 4.9% from 2016 to 2026 dominated by Asia-Pacific region while the chemicals type segment of the global roofing market is projected to grow at the highest CAGR between 2016 and 2026. 

Complete report on global roofing market spread across 131 pages, profiling 11 companies and supported with 66 tables and 44 figures is now available at http://www.reportsnreports.com/reports/761485-roofing-market-by-type-materials-and-chemicals-application-residential-commercial-non-residential-and-region-asia-pacific-north-america-europe-south-america-and-middle-east-africa-global-forecasts-to-2026.html .

Rapid growth of the global roofing market is driven by increasing demand for roofing materials from residential, commercial, and non-residential sectors in the emerging economies and repairing and remodeling works being carried out in developed countries. High installation and manufacturing costs of roofing materials is the major restraining factor for the growth of the global roofing market.     

The demand for chemicals used for roofing is increasing in the emerging economies, such as India and China, owing to continuous growth of the industrial infrastructure sector in these economies. Increased use of roofing chemicals in residential and commercial applications, such as retail spaces, shopping malls, and housing units, among others is fueling the growth of the global roofing market.

In terms of value, the Asia-Pacific region led the global roofing market in 2015. The overall economic growth of the Asia-Pacific region has led to increased urbanization and rapid industrialization in the region. Consumption level of roofing materials in the Asia-Pacific region differs on the basis of country. China is the leader in terms of consumption of roofing materials in the Asia-Pacific region. It is followed by Japan and India. The Asia-Pacific roofing market is one of the fastest-growing markets, mainly due to population growth in the region and gradual increase in industrial, commercial, and residential infrastructures. Factors, such as modernization of power infrastructure, increased demand for transportation, enhancement of agricultural facilities, and growth of energy efficient and eco-friendly roofing systems in the region have led to the growth of the Asia-Pacific roofing market.

Key companies profiled in this market research report are BASF SE (Germany), 3M Company (U.S.), Atlas Roofing Corporation (U.S.), Duro-Last Roofing, Inc. (U.S.), CertainTeed Corporation (U.S.), Braas Monier Building Group Services S.A. (Luxembourg), GAF (U.S.), Johns Manville Corporation (U.S.), Sika AG (Switzerland), Owens Corning (U.S.) and E.I. Du Pont de Nemours and Company (U.S.). Order a copy of Roofing Market by Type (Materials, and Chemicals), Application (Residential, Commercial, Non-Residential), and Region (Asia-Pacific, North America, Europe, South America, and Middle East & Africa) - Global Forecasts to 2026 research report at http://www.reportsnreports.com/purchase.aspx?name=761485 .

The report includes in-depth competitive analysis of these key players in the roofing market, with their company profiles, SWOT analysis, recent developments, and key market strategies. In the process of determining and verifying, the global roofing market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (40%), Tier 2 (42%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C level (10%), Director Level (50%) and others (40%) from various key organizations operating in the global roofing market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (30%), North America (20%), Europe (40%), and South America & Middle East & Africa (10%).

On a related note, another research on Roofing Chemicals Market Global Forecast to 2021 says, increasing need for building thermal management is driving the roofing chemicals market. Bituminous roofing, the largest and membrane roofing is the fastest growing application for roofing chemicals. Overall market is projected to reach USD 106.83 billion by 2021, at a CAGR of 7.3% from 2016 to 2021. Companies like BASF, The Dow Chemical Company, Saint-Gobain S.A., 3M Company, Akzo Nobel N.V, Sika AG, Owens Corning, Carlisle Companies Incorporated, Johns Manville, GAF Materials Corporation and Firestone Building Products have been profiled in this 172 pages research report available at http://www.reportsnreports.com/reports/403120-roofing-chemicals-market-by-type-acrylic-resin-asphalt-elastomer-epoxy-resin-and-styrene-by-application-membrane-elastomeric-bituminous-metal-and-plastic-roofing-materials-and-by-region-global-trends-and-forecast-to-2020.html .

Explore more reports on the chemicals market at http://www.reportsnreports.com/market-research/chemicals/ .

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