Commercial & Residential Roofing Market is segmented by Roofing Material (Bituminous Roofing, Metal Roofing, Tile Roofing, and Others), Roofing Type (Flat Roof, and Slope Roof), and Application (Residential, Commercial, and Industrial), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Commercial & Residential Roofing Market size is projected to reach a CAGR of 4.39% to 2028.
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Competitive Landscape of Commercial & Residential Roofing Market:
· 3M Company
· Atlas Roofing Corporation
· BASF SE
· Johns Manville
· Duro-Last, Inc.
· E. I. Du Pont De Nemours, Inc.
· Owens Corning
· Sika AG
· Standard Industries Inc.
· The Dow Chemical Company and More
Roofing offers protection from heat, rain, and other atmospheric conditions. Bitumen, ceramic coated granules, clay, sand, fiberglass, concrete, and polycarbonate are used for the construction of roofs in residential and commercial buildings, such as offices, hotels, and educational institutes.
Advancement in construction industry, rapid urbanization, and innovations in technology are some of the factors that have supported long-term expansion for Commercial & Residential Roofing Market.
Regional Analysis of Commercial & Residential Roofing Market:
Asia-Pacific is expected to dominate the roofing market during the analysis period due to growth in urbanization and increase in infrastructure investments. China leads the Asia-Pacific roofing market. This growth is attributed to rise in income levels, rapid urbanization & industrialization, and increase in government initiative to invest in infrastructural development.
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Recent Developments of Commercial & Residential Roofing Market:
March 2020, Standard Industries has launched roof integrated solar product, Solaria panels, which are 16% more powerful than standard solar integrated roof and allow homeowners to fit more roof-integrated solar capacity in a similar amount of space.
In October 2019, New Version of Solar roof tiles was launched by Tesla in order to revitalize its renewable energy business. Different materials and a few parts of previous model is used by Solar Roof version 3 making sure that it is easily installed as compared to other shingles used in roofing.
Commercial & Residential Roofing Market Segmentations:
On the basis of Roofing Material
· Bituminous Roofing
· Metal Roofing
· Tile Roofing
· Others (RCC & Plastics)
On the basis of Roofing Type
· Flat Roof
· Slope Roof
On the basis Application
· Residential
· Commercial
· Industrial
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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