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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