Commercial Roofing Materials Market to Reach US$10.38 bn by 2024 | Page 2

Commercial Roofing Materials Market
REPORT DESCRIPTION
Commercial Roofing Materials Market ( Building Type - Low Sloped Roofing and Steep Sloped Roofing ; Materials - Single-ply Products , Modified Bitumen Materials , Spray Polyurethane Foam ( SPF ), Builtup Roofing ( BUR ), and Metals ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2016 – 2024
Despite the presence of well-known entities from the construction-oriented industries , the global commercial roofing materials market is currently lacking the strong presence of globally prominent players . There is a heavy volume of regionally active players in the global commercial roofing materials market at the moment and a comparatively low number of key players . In 2015 , the global commercial roofing materials market was led by the names GAF , TAMKO Building Products , Inc ., and Firestone Building Products Company .
According to a research report released by Transparency Market Research , the global commercial roofing materials market was consistently dominated by North America till recently . This region held a high demand for all segments of roofing within the market . At the same time , the emergent economies are showing extremely positive growth rates in their construction activities , sparing a long term demand for commercial roofing materials . In terms of revenue , the global commercial roofing materials market is expected to be valued at US $ 7.81 bn by the end of 2016 . After expanding at a CAGR of 3.6 % from 2016 to 2024 , this market ’ s revenue is expected to reach US $ 10.38 bn in 2024 .
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Construction Boom Primary Propeller for Commercial Roofing Materials ’ Demand “ New construction generates a far greater demand for commercial roofing materials than restoration and renovation work . With that in mind , the accelerating rate of activities in the global construction industry over the recent past have formed the leading driver for the global commercial roofing materials market . After witnessing a severe downturn till 2008 , the rate of construction activities
Transparency Market Research
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