Global Roofing Market to Reach $96.2 Billion by 2026

Edition: 16; Released: May 2021
Executive assignments: 13718
Businesses: 287– Players include American Hydrotech, Inc.; Atlas Roofing Corporation; Carlisle Construction Materials LLC; Cornerstone Building Brands; Duro-Last Roofing, Inc .; Etex Group SA; Firestone building products; Fletcher insulation; IKO Industries, Ltd .; Johns Manville; Masterplast Group International; Nucor Building Systems; Owens Corning; Rockwool International A / S; Saint-Gobain SA; CertainTeed Corporation; Sika AG; Sika Sarnafil, Inc .; Standard Industries, Inc .; BMI group; Braas Monier Building Group SA; BMI UK & Ireland; GAF; TAMKO Building Products, Inc .; The Garland Company, Inc .; USG Boral; Wienerberger AG; Xtratherm Limited and others.
Coverage: All major regions and major segments
Segments: Product type (asphalt shingles, metal, elastomer, build-up, roof tiles, modified bitumen, plastic and other product types)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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Reach global roofing market $ 96.2 billion by 2026
Amid the COVID-19 crisis, the global roofing market was estimated to be US $ 79.3 billion in the year 2020, is expected to reach a revised size of US $ 96.2 billion by 2026, growing at a CAGR of 3.7%, over the analysis period. Asphalt Shingles, one of the segments analyzed in the report, is expected to record and reach a CAGR of 3.4% US $ 31.5 billion by the year 2027. Following an early analysis of the business implications of the pandemic and the accompanying economic crisis, growth in the metals segment will be revised to a revised CAGR of 4.5% for the next 7-year period.

The US market is estimated to be $ 17.6 billion in 2021, while China is expected to reach $ 20.4 billion by 2026
The roofing market in the US is estimated to be US $ 17.6 billion in the year 2021. China, the world’s second largest economy, is expected to have an expected market size of US $ 20.4 billion by the year 2026 with a CAGR of 5.1% over the analysis period. Among the other notable geographic markets are Japan and Canada, each expected to grow by 2.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is expected to grow at approximately 2.8% CAGR.

Elastomer segment to achieve $ 6.2 billion by 2026
In the global elastomer segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets account for a combined market size of US $ 3.4 billion in the year 2020 will reach an expected size of US $ 4.4 billion at the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. Guided by countries like Australia, India, and South Korea, into the market Asia Pacific is expected to achieve US $ 1.2 billion by the year 2026, while Latin America will expand at a CAGR of 3.9% over the analysis period. More

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