The global Commercial & Residential Roofing Market size is projected to reach a CAGR of 4.39% from 2022-2028.
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.
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Recent Developments
· 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.
Top Key Players
· 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.
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Asia-Pacific to Dominate the 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.
Commercial & Residential Roofing Market Segmentation:
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
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Commercial & Residential Roofing Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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