TMR_Research_Reports_2017 Key Growth Factors and Forecast 2024 | Page 3
Commercial Roofing Materials Market
growth in the near future. On the other hand, Asia Pacific is estimated to offer promising growth
opportunities for the key players, thanks to the rising rate of construction in several developing
economies. The growing demand for roofing as well as re-roofing activities is projected to encourage
the development of the Asia Pacific market in the near future. Furthermore, Europe and Latin America
are projected to witness a healthy growth in the forecast period.
On the basis of material type, the global market for commercial roofing materials has been
categorized into modified bitumen materials, single-ply products, spray polyurethane foam, metal,
built-up roofing, and others. In the recent years, the modified bitumen materials segment led the
overall market with a key share. However, the single-ply products segment is estimated to experience
a high level of growth throughout the forecast period. The ease of installation and comparatively high
flexibility are some of the key factors that are projected to fuel the growth of the single-ply products
segment in the next few years.
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Rise in Construction Activities to Augment Global Commercial Roofing Materials Market
A significant rise in the demand for roofing and re-roofing activities across the globe is one of the vital
factors that is expected to encourage the growth of the global commercial roofing materials market in
the next few years. In addition, the robust rate of urbanization and industrialization, leading to
increased construction work is another key factors predicted to accelerate the growth of the market
throughout the forecast period.
On the other hand, the leading players operating in the global commercial roofing materials market
are an