Market Share Of Roof Material Types

By type the market is segmented into asphalt shingles clay tile metal roofing wood shingles and other.

Market share of roof material types.

Metal roofs exhibit superior lifespan and fire resistance which is likely to fuel their demand in new construction activities. The global roofing materials market was valued at us xx x mn in 2018 and is projected to increase significantly at a cagr of x x from 2019 to 2028. The market is driven mainly by the increase in demand from residential non residential and commercial sectors in the emerging economies. Today advanced roofing materials provide an unprecedented range of alternatives as well as new looks for existing materials.

This is up substantially from the 37 4 last year. All forms of single ply like tpo epdm pvc and cpe have a combined share of 40 8 and are the number one material in the commercial roofing market in the west again this year. Not long ago asphalt shingles slate clay or concrete tiles were about the only roofing options. In 2019 the metal roof segment held a share of 23 6 of the overall market in terms of value.

And it weighs about the same as asphalt so there s no need to beef up the. All modifieds such as sbs app and self adhered now account for 25 of the low slope roofing market. The roofing materials market is expected to grow with 3 cagr during the forecast period. The market is classified on the basis of material type type application and region.

By material type the market is divided into bituminous roofing metal roofing tile roofing and others. By type the market is bifurcated into flat roof and slope roof. Study objectives of roofing materials market to provide detailed analysis of the market structure along with. The bituminous segment accounted for a prime share of the market and is likely to maintain its dominance during the forecast period.

Here is a list of 9 different types of roofing to consider for your next re roofing job. Shingles made from bituminous are used as the most common residential roofing materials since they are inexpensive and simple to install. This composite material looks like the real thing even close up but costs a lot less. The shingle roofing segment is anticipated to dominate the north america roofing market throughout the study period in terms of value.