Roofing materials provide a layer of protection for a building that can also enhance the look and value of a property. There are many different types of roofing materials available, with some of the most common and popular being asphalt shingles, wood shingles and shakes, concrete, clay and fiber-cement tiles, slate roofs and synthetic or composite shingles. The main benefit of a roof is that it protects the home from inclement weather such as rain, wind, snow and hail. One of the most popular residential roofing materials is asphalt shingles, which are inexpensive and durable. They come in a variety of colors and styles and are easy to install and maintain.
Market Dynamics:
The global roofing materials market is expected to grow at a strong pace during the forecast period. Increasing investment in the construction of new buildings, expansions of existing structures, and technological advancements are some of the factors driving growth of this market. The market is also growing rapidly in emerging economies such as India and China.
On the other hand, increasing adoption of roof coatings and impact of Covid-19 on the global economy are expected to hamper the market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook