PUBLISHER: Allied Market Research | PRODUCT CODE: 1179605
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179605
The global roof cladding market size was valued at $83,560.7 million in 2021, and is projected to reach $130,497.6 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.
Roof cladding is a layer of covering applied to a roof to provide both weather protection and aesthetic appeal. It consists of large sheets of material, or many small, overlapping units. It is available in variety of materials, shapes, and sizes for the application of residential and commercial buildings.
Factors such as expansion in construction industry, rapid urbanization, and technological innovations drive the growth of the market. In addition, urban population is projected to increase by 2050, thereby fueling the market growth in near future. Furthermore, surge in standard of living, particularly in the developing countries empowers re-roofing construction projects. Rise in air pollution, loss of biodiversity, and urban heat island are the factors that make way for green roof technology to decrease environmental degradation. In addition, rise in demand for roof cladding is driven primarily by surge in trend in residential buildings, increase in adoption of roof cladding in non-residential buildings; and the development of energy-efficient buildings. In addition, increase in industrialization and urbanization in economies, including India and Africa, are expected to respond to the development of the roof cladding market. In addition, increased consumer spending on home renovations and improvement activities and improved new construction activities are expected to provide market participants with profitable growth opportunities.
The roof cladding market is segmented on the basis of type, roof type, application, and region. On the basis of type, the market is segmented into asphalt and slate, tiles, metal, fiberglass, and others. On the basis of roof type, the market is divided into flat roof and slope roof. On the basis of application, the market is divided into residential, commercial and Industrial. Region wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the roof cladding market are Atas International, Inc., Cembrit Holdings A/S, Decra Roofing Systems Inc., Everest Industries Limited, Firestone Building Products, Kingspan Group, Reed's Metal Inc., Shildan Group, Sika AG, Westlake Corporation.
Key Benefits For Stakeholders
By Type
By Roof Type
By Application
By Region