Roofing Market
Bituminous Roofing to Emerge as Leading Product Segment In 2015 , with a share of 45 %, bituminous roofing emerged as the leading segment in terms of product in the global roofing market . It is commonly known as asphalt roofing and is widely employed in developed countries such as Canada and the U . S . Bituminous roofing is easy to install and is relatively feasible . It can last for a period of 20 years to 40 years and is also available in several different textures and colors . The segment of bituminous roofing is also projected to exhibit strong growth over the coming years with a CAGR of over 4 %. The growth of this segment is highly attributed to the growing construction industry and a significant rise in the construction of hospitals , institutions , and amusement parks owing to robust urbanization .
Asia Pacific to Provide Lucrative Growth Opportunities In 2015 , Asia Pacific emerged as the leading region in the global roofing market . The growth of the market in this region is generally ascribed to the expanding construction industry due to an extensive rise in commercial , non-residential , and residential construction activities .
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Based on volume , Asia Pacific accounted for over 40 % of the overall share in the global roofing market in 2015 . It has also been estimated to be the leading region in terms of growth rate as well during the forecast period . The growth of the region is also largely due to the building of hotels , office spaces , commercial buildings , educational institutions , and medical centers among others in Japan , India , and China . The market in the Middle East and Africa region is also expected to expand at a significant rate . As the Europe market is already mature , it is expected to witness steady yet average growth .
The leading companies in the global roofing market are Carlisle , TAMKO Building Products Inc ., Firestone Building Products Company , Owens Corning , IKO Industries Ltd ., Johns Manville , GAF , Braas Monier Building Group Services S . A ., CertainTeed Corporation , Duro-Last Roofing , Inc ., and Atlas Roofing Corporation .
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