The global market for roofing industry was valued at $67,218 million in 2015 and is expected to reach $101,483 million by 2022, growing at a CAGR of 6.2% from 2016 to 2022. Asia-Pacific generated the highest revenue in 2015, and is expected to maintain its lead, followed by North America and Europe.
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Roofing marketanalysis has been done in the report on the basis of various segmentations which includes various segments. Major types of roofing products included in the report are bituminous roofing, metal roofing, tile roofing, and others (Plastic & RCC roofing).
Bituminous roofing constituted the highest market share over 46.5% in 2015 owing to increased demand in residential and commercial buildings, technological innovations, and high durability.
Roofing products are used in various applications such as residential buildings, commercial buildings, and others.
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Commercial buildings accounted for the largest market share in roofing industryaround 37.2% in 2015. Increased adoption of modern roofing materials such as bitumen, tile, metal, and others have changed the commercial construction such as industrial buildings in the last two decades.
In addition, increase in migration of population in Europe has created the need for commercial construction, thereby boosting the demand for roofing products.
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