Roofing Materials Market Size

The growing renovation activities in india and china will propel the market in the region. This report covers covid 19 impact analysis on roofing materials market. The global roofing materials market size was estimated at usd 119 7 billion in 2019 and is expected to register a cagr of 3 0 over the forecast period.

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Amid the covid 19 crisis the global market for commercial roofing materials estimated at us 8 3 billion in the year 2020 is projected to reach a revised size of us 9 7 billion by 2027 growing.

Roofing materials market size.

Emerging economies such as india china indonesia and vietnam are witnessing a rapid rise in demand for residential structures. The global roofing materials market size was usd 119 69 billion in 2019 and is projected to reach usd 151 49 billion by 2027 registering a cagr of 3 1 during the forecast period. The global roofing materials market reached a value of about usd 121 5 billion in 2019 and expected to grow at a cagr of about 5 in the forecast period of 2020 2025 to reach a value of nearly usd 162 7 billion by 2025. The growth in the region is attributed to the booming construction sector.

Roofing offers protection from heat rain and other atmospheric conditions. June 16 2020 at 11 44 a m. The global roofing materials market is estimated to develop at a cagr of 3 1 for the duration of the prediction. Press release roofing materials market size trends development share global industry analysis and covid 19 impact forecast till 2026 published.

The demand for the roofing material is estimated to be powered by increasing construction actions of housing building in industrialized nations similar to the u s a these are projected to record an optimistic development percentage. Roofing materials market global industry research report is a professional and in depth study on the market size growth share trends as well as industry analysis. Increasing investments in the renovation and redevelopment of residential and commercial buildings are expected to drive the market growth. Roofing market outlook 2027 the global roofing market size was valued at 92 942 3 million in 2019 and is projected to reach 132 775 6 million by 2027 registering a cagr of 4 6 from 2020 to 2027.

The asia pacific roofing materials market size stood at usd 44 61 billion in 2019 and is likely to hold the largest share in the foreseeable future.

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