Report Scope Roofing materials are outer roof coverings that are used as a protective layer or support to shield structures from various natural elements.Depending upon the nature, supporting structure and application used, there is variation in roofing material types.
The types of roofing materials available in the market are asphalt shingle, wood shingle, metal roofing, concrete and clay, slate, membranes, etc.
Shingle is a term used to define overlapping roofing materials that are basically available in flat and rectangular shapes. These roofing materials are used for applications such as moisture resistance, algae and microbial resistance, fire resistance, storm protection, weather changes, etc.
North America is a region with extreme winter, snowfall and storms.Due to changing environmental conditions such as hailstones, tornadoes and twisters in the North American region, an increased demand for roofing materials has been observed.
Climatic change is one of the major driving factors leading to the introduction of new and improved product types in the market.The manufacturers of roofing materials are also focusing on manufacturing eco-friendly roofing technologies due to various regulations for environment protection in the region.
Remodeling and renovation of infrastructure in the U.S. and Canada are projected to boost the sales of roofing materials in the North American region. There has been increasing growth in real estate investments across the region in the recent past, which is further driving the market.
This report will cover the market for residential roofing materials (in terms of material type) in the North American region.It will also focus on the major trends and challenges that affect the market and supplier landscape.
The research will estimate the North American market for residential roofing materials in 2017 and 2018 and project the expected consumption of the same by 2023.
The scope of this report could be described as an overview of the North American market for residential roofing materials and analyses of regional market trends, with data from 2016, considering the base year of 2017. It also estimates for 2018 through 2023 with projected CAGR (Compound Annual Growth Rate) for this forecast duration.
The report includes discussion of technological, regulatory, security and economic trends that are affecting the market. Further, it explains the major drivers and regional dynamics of the North American residential roofing materials market and current trends within the industry as a whole.
The report includes discussion of the residential roofing materials market (by material type e.g. asphalt shingle, wood shingle, metal shingle, roofing tile, slate and others) used for applications in new construction and reconstruction segments.
The report concludes with a special focus on the detailed profiles of major vendors in the North American residential roofing materials market.
Report Includes - 20 data tables and 14 additional tables - A comprehensive overview and in-depth analysis of residential roofing materials market in the North American region - Country specific data and analysis for United States, Canada, and Mexico - Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023 - Discussion of technological, regulatory, security, and economic trends that are affecting the market - Information on cutting edge breakthroughs by means of a detailed patent analysis - Assess residential roofing materials market by its materials type, including asphalt shingle, wood shingle, metal shingle, roofing tile, slate and others used for applications in new construction and reconstruction segments - Detailed profiles of the major vendors in the North America residential roofing materials market, Entegra Roof Tile, Hanson Roof Tile, Ludowici Roof Tile, Malarkey Roofing, Owens Corning, Sika Ag, Standard Industries Inc.
Summary The North American residential roofing materials market was valued at nearly REDACTED in 2017.This figure was up slightly from 2016.
Residential roofing materials in North America (in terms of value) are anticipated to expand at a CAGR of REDACTED between 2018 and 2023, to reach nearly REDACTED. In terms of volume, the market stood at REDACTED in 2017 and is projected to rise to REDACTED by 2023, increasing at a CAGR of REDACTED during the forecast period.
The asphalt shingle segment of residential roofing (comprised of LW laminate, three tab and HW laminate) accounted for the largest share of the residential roofing materials market in North America in 2017.Product demand in the region is expected to decrease slightly by 2023 due to environmental effects caused by the product.
Substitute products are entering the market that are more efficient and durable.Market share of the asphalt shingle segment declined from 2017 to 2023 by REDACTED.
Volume andvalue changes in the asphalt shingle segment dramatically affect the North American residential roofingmarket, since it comprises nearly REDACTED of the total market in volume and over REDACTED in value. Swings inpricing and demand in this segment profoundly impact the market’s overall performance.
Several other residential roofing products were flat or up nominally in value from 2016 to 2017, including all commercially focused membrane materials (EDPM, TPO and PVC) and modified bitumen (APP and styrene-butadiene-styrene(SBS)) products.Traditional residential products such as clay tile, wood shake and slate had modest gains.
Products with technological innovation and heightened environmental awareness experienced somewhat larger increases.The most notable positive trend in the market was the high growth rates in value for environmentally responsible products promoting energy efficiency and sustainability (reflective, building-integrated photovoltaic (BIPV) and “green” roofs).
While they are very small segments (each represents less than REDACTED of the total residential market value), they all grew at a faster rate from 2016 to 2017. These advances were driven by the availability of incentives (including government tax credits) as well as increased demand for eco-friendly residential roofing products.
In terms of applications, the reconstruction segment accounted for the major demand for residential roofing materials in the North American region in 2017. In the North American region (especially in the U.S.) people mainly focus on remodeling and renovating their homes vs. new construction as the cost of new construction is higher. Also, climatic conditions in North America demand constant renovation of structures.
As the U.S. is a country with a large number of construction initiatives, the demand for residential roofing materials is observed to be highest in this country. The U.S. is observed to dominate the residential roofing materials market in the North American region, in terms of volume, followed by Mexico and Canada. The scenario is completely different in terms of value, as the share depends upon product prices. In terms of value, the U.S. dominated the residential roofing materials market, followed by Canada and Mexico.
Our reports have been used by over 10K customers, including:
Increasing sales of premium vehicles in developed regions and the growing demand for electric and hybrid vehicles across the globe to fuel the convertible roof system market. The global convertible roof system market is projected to grow at a CAGR of 6.77%, from 2018 to 2025, to reach USD 2.11 billion by 2025 from USD 1.33 billion in...
KEY FINDINGS The North America ceramic tiles market is poised to grow at a CAGR of 7.31% over the forecast period of 2018-2026. Rapid growth in flooring market, growing demand for new residential restructures, government support for infrastructure development, and adoption of inkjet technology in ceramic tiles are the major...
Increased demand for decorated ceramic tiles from the construction industry is driving the growth of the ceramic inks market across the globe. The ceramic inks market is projected to grow from USD 1.83 billion in 2017 to USD 2.59 billion by 2022, at a CAGR of 7.2% from 2017 to 2022. Ceramic inks are used in various applications such as...
The ceramic adhesives market is projected to grow at a CAGR of 5.1% from 2017 to 2022, in terms of value. The ceramic adhesives market is projected to grow from USD 6.12 billion in 2017 to USD 7.84 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The growth of the ceramic adhesives market can be attributed to increasing...
Report Description Introduction Decorative tiles, made out of ceramic, porcelain, marble and stones are the tiles which are designed specifically to suit the construction type and theme. It is designed to add personality to the wall and floor and enhance the value of the construction in turn. The market of decorative tiles is governed...