Steep Slope Roofing Materials Market Demand And Opportunities – The Courier

Steep pitched roofs are the type of roof that has a pitch of 3:12 or more. That means that for every 12 horizontal inches, the rise in the height of the roof is 3 inches or more. Such steep-slope roofs are usually preferred by homeowners and architects as they add beauty to the height of the building and perform well as well. Steep pitched roofs give the building improved aesthetic appeal, are long-lasting, can withstand the elements of nature and are easy to maintain.

The steep slope of the roof also prevents the water from collecting on the roof and allows the water to drain off the roof easily. The growth in the market for steeply pitched roofing materials is aimed at growth in the construction sector. With the rise in disposable income and an increase in overall economic activity, the construction industry has benefited, boosting the steep slope roofing materials market. In contrast, however, the economic slowdown in certain regions of the world has negatively impacted the construction industry, also hampering the growth of the steep-slope roofing materials market.

It’s global market for roofing materials with steep slopes is scheduled to reach a value of approximately US $ 14,630 million by the year 2022 and grow at a slow CAGR over the review period.

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market for roofing materials with steep slopes

4 Highlights of the forecasts in the global market for roofing materials with steep slopes

  • According to Persistence Market Research forecast, the tile material type segment will reach a value of nearly US $ 1,850 Mn by the year 2022. This represents slow CAGR growth over the 2017-2022 review period. The material type segment of tiles is estimated to account for more than a tenth of the revenue share of the material type segment by the year 2017 and is expected to lose market share in 2017 by 2022.
  • According to Persistence Market Research forecast, the roofing segment will reach nearly US $ 9,350 million in the year 2017. This represents slow CAGR growth over the forecast period. The roofing segment is expected to account for nearly three-quarters of the end-market segment’s total revenue share by the end of 2017 and will gain market share by 2022 compared to the year 2017.
  • According to Persistence Market Research’s forecast, the comic strip-type segment will reach a value of nearly US $ 2,890 million by 2022. The strip-type segment is expected to gain market share by the end of the year 2022. share contributed by the North America region in the strip type segment.
  • Persistence Market Research predicts that the steep-slope roofing materials market in the United States will exhibit a compound annual growth rate (CAGR) of less than 3% between 2017 and 2022.

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  • Company Profiles
    • Owens Corning
    • CertainTeed Corporation
    • GAF
    • Henry Company
    • Malarkey Roofing Products
    • IKO Production, Inc.
    • Siplast Incorporated
    • TAMKO Building Products, Inc.
    • Tarco
    • Polyglass USA, Inc.
    • Atlas Roofing Corporation
    • Others

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