Residential Roofing Market

The residential segment is expected to dominate the market during the forecast period.

Residential roofing market.

While new housing starts are expected to increase in 2017 roof replacements comprise the bulk of residential contractors business. By material type the market is divided into bituminous roofing metal roofing tile roofing and others. The market is classified on the basis of material type type application and region. By type the market is bifurcated into flat roof and slope roof.

Many homes in the us have roofs that are near or at the end of the expected product lifespans and will eventually require replacement. For cr s roofing tests we focus strictly on asphalt roofing shingles because they re by far the most common choice for roofs. Owens corning shingles are second in market share. Based on country the north america roofing market is analyzed across the u s.

The roofing segments of the market are asphalt tiles metal concrete and others. By application the market is classified into residential commercial and industrial. The growth of the global roofing market is mainly driven by increasing demand for roofing materials from residential commercial and non residential sectors in the emerging economies. Us demand for residential roofing products is expected to grow 1 4 per year to 173 91 million squares in 2022.

Sales forecasts according to the national association of home builders nahb residential housing starts in 2016 were estimated to be 1 16 million up almost 5 percent from the previous year s total of 1 11. On the basis of application the market is categorized into residential commercial and industrial. The global roofing market has been segmented based on roofing application and region. Asphalt composition shingles dominate the market because they are affordable offer a variety of attractive options and do a good job protecting homes from the nature s elements.

If oc shingles are correctly installed you can be assured that you have a strong roof that will last for years. Asphalt shingles are easy to install last anywhere from 10 to 50. In addition ongoing repairing and remodeling works in developed countries are also propelling the growth of the global roofing market. By application the market has been classified as commercial roofing residential and industrial.

Some of the market players in the residential roofing market include basf ag atlas roofing corp johns manville knauf insulation inc lapolla bayer saint gobain owens corning gaf materials corp sika sarnafil inc rockwool group royal group inc and certainteed among others.