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SOURCE: Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Roofing and Insulation markets. Global market for Roofing Materials and Insulation Materials is projected to exceed US$77 billion and US$35 billion, respectively, by 2018, driven by continuing construction activity in developing countries, and turnaround in developed markets. The strong growth in the emerging countries of China and India which continue to post strong GDP growth is expected to propel the growth in the construction sector in Asia. As a result of the economic prosperity and subsequent improvement in living conditions, as well as increased urbanization, demand for improved accommodation is expected to surge in Asian countries including China and India leading to strong growth in the construction industry including the market for Roofing and Insulation.
San Jose, California (PRWEB) November 14, 2012
Follow us on LinkedIn – Demand for roofing materials is primarily expected to emanate from rapid growth in China and the renewed activity in the construction sector in US, which are the two single largest markets for roofing materials. While demand in the Chinese market would benefit from continued developments in the residential as well as non-residential domains, driven by increasing levels of per capita income and sustained economic growth in the country, the US marketplace is likely to develop as housing construction emerges out from the after-effects of recession. In addition, growth is also expected in the leading market Europe as well as other industrialize countries including Canada and Japan. Low-volume developing global markets such as India, Hungary, Turkey, Pakistan and Nigeria are expected to register growth in the near future. Developed countries are projected to witness a turnaround of insulation material sales after witnessing a strong decrease in the recent past due to the global economic slowdown, while several industrializing nations are forecast to continue significantly expanding insulation consumption.
The residential reroofing sector, which traditionally accounts for the majority share in the overall roofing product sales, is expected to continue to be the largest segment in the roofing market globally. The increased housing spending in the major economies of the world is expected to result in housing repairs generating demand for roofing products. Increasing levels of stringency with regards to energy efficiency of the buildings are also expected to generate demand for roofing products.
As stated by the new market research report on Roofing and Insulation, Europe remains the global market leader in the demand for roofing as well as insulation materials. However, Europe is set to lose its market dominance in roofing materials to Asia-Pacific region by 2015, which represents the fastest growing market for roofing and insulation products worldwide. Rapid increase in population and robust economic growth are the key factors driving growth in the residential as well as the non-residential construction market in Asia-Pacific, creating robust demand for roofing and insulation solutions.
Among roofing materials, Asphalt Shingles segment represents the largest Roofing material. On the other hand, Plastic Roofing presents the highest growth opportunities. Among insulation materials, Foamed Plastics segment represents the largest segment. Insulation materials that are widely used across the globe include foamed plastic and fiberglass. Until 2007, North America and Europe were the leading producers of fiber glass. Subsequently, the global industry witnessed a paradigm shift in production, with China emerging as the largest producer owing to high growth in capacity in the region. Mineral Wool is projected to present the highest growth opportunities.
The global Roofing and Insulation market is relatively fragmented, with regional players accounting for a higher share in respective domestic markets. Major players in the global marketplace include American Hydrotech Inc., Atlas Roofing Corp., BASF SE, GAF Materials Corp., Icopal Ltd., Johns Manville Inc., Knauf Insulation Inc., Monier Group GmbH, Owens Corning, Royal Group Inc., Saint-Gobain Corporation, CertainTeed Corporation, Sika Sarnafil Inc., SIG Plc., The Garland Company Inc., and The Rockwool Group.
The research report titled "Roofing and Insulation: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Roofing Materials (in US$) by Asphalt Shingles, Metal, Elastomeric, Built-Up, Roofing Tile, Modified Bitumen, Plastic, and Others. Key segments analyzed for Insulation Materials include Foamed Plastics, Fiberglass, Mineral Wool, and Others. Geographic markets analyzed include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East, and Latin America.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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