Commercial and Residential Roofing Market Set For Robust Growth By 2024

The global commercial and residential roofing market has gained traction on the back of non-residential construction as a substantial application segment and the widely used bituminous roofing product. The construction sector has been a significant contributor to the demand for different types of roofing, owing to the rising global disposable income and increase in infrastructure development of educational institutes, healthcare centers, recreational areas, and office buildings. The market is booming at such an extent that it is also impacting the related markets. For instance, the global building-integrated photovoltaics (BIPV) market is pushing its growth limits while riding on the recent green initiatives taken for energy efficiency in building constructions.

The analysts suggest that the global commercial and residential roofing market could be classified according to application and type of product. The meticulous segmentation of the market presented in the report helps to understand the growth and future outlook of different segments, thereby assisting to make informed investments in the industry.

The publication on the global commercial and residential roofing market touches the key growth factors and market opportunities amidst the difficult times of the industry. Using extensive primary and secondary research and key industry sources, the report has compiled decisive information about the global market.

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The international market for commercial and residential roofing is mainly driven by the elevating prices of air conditioning and heating systems and adoption of green roofing technologies. Since roofing finds application in various industries, also apart from commercial and residential, the global market is predicted to grow thick and strong with the rise in construction activities. The construction sector could be a weighty end-user consumer of roofing materials. The rising population base and increased urbanization in emerging economies such as Saudi Arabia, China, Costa Rica, and Egypt have laid a sturdy foundation for growth in the market.

There are a myriad of roof coatings available in the global commercial and residential roofing market, viz. thermal polyolefin (TPO), polyvinyl chloride (PVC), modified bitumen, and ethylene propylene diene monomer (EPDM). Depending on the type of product, the world market could be divided into polymer, polymer modified, reflective, and bituminous. The application of roof coatings also depend on the type of roof substrates available in the market.