[FURL=https://www.industryarc.com/Report/16226/residential-roofing-market.html]Residential Roofing Market[/FURL] is forecast to reach $11.8 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. The growth of the global residential roofing market is powered mainly by development of new, effective technologies in roofing materials, investment property, increased popularity of environmentally-friendly hygiene products, growing rubber roofs and increasing building renovations and renovation. In addition, due to the increasing demand for hard coatings from different end-user applications, the residential roofing industry is expected to increase the in the forecast era.Key Takeaways
The Asia-Pacific dominated the residential roofing market owing to the increase in adoption of residential roofing for application in newer industrial vertical and emerging economies such as China, India and others.
Increased disposable income and improved affordability have driven customers to spend more on renovation and improvement projects. The changing consumer's propensity to renovate houses and to provide attractive living structures also provided market vendors with ample opportunities.
Growing regulatory attention requiring energy efficiency in construction projects is another crucial factor driving market trends.
The construction industry is expected to take on a major hit due to labor shortages and the government's shutdown during COVID-19, which is expected to be exacerbated by the resulting supply chain problems and funding diffculties due to non-compliance with the completion times.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=16226[/FURL]
Residential Roofing Market Segment Analysis - By Geography
Asia Pacific held the largest share with 39.2% in the residential roofing market. Asia Pacific is expected to have the highest growth due to a rapid increase in the construction industry, an increase in the manufacturing sector, strict government regulations to boost household energy performance, increased durability, easy installation and increased urbanization in developing countries such as China and India in the region. New construction roofing has the largest market share in the global residential roofing sector, owing to the spur of all applications in the construction industry.
Residential Roofing Market Drivers
Excellent fire-resistant property metal roofing will drive the market
Reroofing Activity to Account for the Large Majority of Demand
Major players in the residential roofing market are GAF Materials Corporation, Atlas Roofing Corporation, Owens Corning, Braas Monier Building Group, Etex, Boral Ltd., TAMKO Building Products, Saint Gobain SA, Johns Manville, and Carlisle Companies Inc among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.