Roofing
Market is expected to display mature growth in forthcoming
periods. The roofing market is showing great signs of growth and average growth
rate is slated to improve with constructions of new hotels and shopping malls.
Furthermore an added furor over energy consumption limits has led construction
owners to invest in energy efficient roofing solutions.
A need for cost-conscious and economical homes is expected
to contribute to market growth during forecast period. Urbanization and looking
into needs of people has seen government investing copious amounts in
developing residential premises in emerging economies such as India, Russia and
Nigeria.
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Segmentation of roofing market
by product includes bituminous roofing, metal roofing and tile roofing.
Segmentation of the market by end-user industry includes residential sector,
commercial sector and retrofit/renovation sector. Segmentation of roofing
market by geographical region includes North America, Europe, Asia pacific, MEA
and Latin America.
MEA is the region targeting
largest growth in roofing markets with growth attributed to increasing market
spend on upcoming buildings and so is for energy efficient roofing in
buildings. The residential sector is the obvious choice in attracting growth of
roofing market by its ongoing residential constructions and investments in this
sector abetting market growth. The roof coatings market is displaying
voluminous growth on account of environmental friendliness exhibited coupled
with technological updates and spiraling growth rate of construction industry.
Amongst different coatings,
bituminous roof coatings are leading in markets with their easy applicability,
creep resistance properties and less price structure. Growth for roof coatings
market looks attractive due to emittance and reflectivity which is driving
realty companies to employ them in buildings. Roof coatings are finally bad
conductors of heat and reflect heat thus cooling the interior spaces and
decrease load on air-conditioning systems with equivalent cost-savings and
energy efficiencies.
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