Roofing Shingles are used for covering roof structures that consist of individual components that are consequently overlapped with each other. The Roofing Shingle are generally supplied in the flat rectangular shapes that are placed over the roof by fixing joints of the components while moving from bottom edge to top of the roof. The Roofing Shingles are available in the market made up of various materials such as wood, metal, plastic, and composite materials. The Roofing Shingles can be regarded as key component of capital investment needed for protecting home for the long duration. Apart from playing important of protecting roof, the Roofing Shingles also enhance the aesthetic look of all kinds of as roof is most visible infrastructure of the buildings. The Roofing Shingles in wide range of colours and profile options for matching different needs of end users. The company in the Roofing Shingles industry are launching new products in the market with attractive colour innovation such as blending technology and bold designs with lot of varying options among popular colour options of reds, blues and greens for Roofing Shingles. The selection of roofing contractor important issues for property owners & architects to assure your best and safest choice in Roofing Shingles. As a result, the manufacturers follow marketing strategies to influence key deciders and tap the Roofing Shingles market potential.
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Roofing Shingles Market: Drivers and Restraints
Among roofing material, the Roofing Shingles are widely used in North America region and are gaining popularity across developing part of the globe that previously relied on other type of roofing solutions made up of concrete. The demand of Roofing Shingles changes drastically on depending upon the countries and regions affected by the building pattern and aesthetic preferences among people, weather, and spending capacity. The building, construction and home ownership will remain key indexes of Roofing Shingles market growth and expected to overcome various challenges that may act as restraint to the market growth over the forecast period. The Roofing Shingles market in developing countries such as India will grow at attractive pace and provide new engine of global growth in emerging markets. The spending on Roofing Shingles is set to increase over the coming years as the infrastructure is improving significantly owing to efforts of respective governments and increasing spending capability of people. On the basis of substrate, Asphalt are widely used Roofing Shingles holding large share of the global market. In the near future, the Roofing Shingles panels with solar can expect healthy growth going forward in the coming years. These new Roofing Shingles have solar cells inside that take energy from the sun turning it into electricity and are expected to cost less in long term.
Roofing Shingles Market: Segmentation
On the basis of type, the Roofing Shingles market can be segmented into:
On the basis of substrate, the Roofing Shingles market can be segmented into:
- Composite materials
- Fibre Cement
- Unconventional (Solar)
On the basis of Application, the Roofing Shingles market can be segmented into:
Roofing Shingles Market: Region-Wise Outlook
The global Roofing Shingles market is segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America regions are anticipated register attractive growth as demand will be boosted by healthy recovery in the residential Roofing Shingles markets. The Asia Pacific and Middles East & Africa (MEA) region will emerging as strategically important market for Roofing Shingles led by China and driven by strong growth in India and African countries. The Latin America and Eastern Europe will also offer revenue generation opportunities for the Roofing Shingles market players.
Roofing Shingles Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Roofing Shingles market include:
- Owens Corning
- Malarkey Roofing Products
- GAF Materials Corporation
- ELK Products Inc.
- Atlas Roofing Corporation
- Decra Roofing Systems, Inc
- CertainTeed Corporation
- Tamko Building Products, Inc.
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