Lucintel Forecasts Roofing Material Market To Reach $152.0 Billion By 2026

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According to the recent study the roofing material market is projected to reach an estimated $152.0 billion by 2026 from $107.3 billion in 2020, at a CAGR of 6% from 2020 to 2026. Growth in this market is primarily driven by increasing investments in the renovation and redevelopment of residential and commercial buildings.
Browse 102 figures / charts and 65 tables in this 157 -page report to understand trends, opportunities and forecast in roofing material market by product (shingles, metal, tiles, and others), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/roofing-material-market.aspx
“Tiles market is expected to remain the largest segment during the forecast period.”
Based on product, the roofing material market is segmented into shingles, metal, tiles, and others. Lucintel forecasts that the tiles market is expected to remain the largest segment and expected to experience the highest growth during the forecast period ...
... due to advantages of tiles: durability, superior aesthetics, versatility, and ease of recycling.
“Within the roofing material market, the residential segment is expected to remain the largest application”
Based on application, the packaging materials segment is expected to witness the largest application due to rising government and institutional support for the development of housing infrastructure in emerging economies, increasing population and growing preference for single-family housing structures.
“Asia pacific will dominate the roofing material market in near future”
Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to urbanization, rapid industrialization, especially in China and India coupled with population expansion in this region.
Download Brochure of this report by clicking on https://www.lucintel.com/roofing-material-market.aspx
Major players of roofing material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. GAF Materials Corporation, Owens Corning, Saint-Gobain, BMI Group, Atlas Roofing Corporation, Carlisle, and Berkshire Hathaway are among the major roofing material providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/roofing-material-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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