Residential, commercial, and industrial buildings' external surfaces are covered in a variety of roofing materials, such as bituminous, concrete, and clay tiles, as well as metals, elastomers, and polymers. The management of temperature, waterproofing, and aesthetic appeal are just a few benefits that roofing materials offer the structure. Remodeled and refurbished homes are seeing higher levels of investment from homeowners due to easier loan acquisition, rising discretionary income, and more inexpensive expenses.
According to SPER market research, ‘North America Roofing Materials Market Size - By Construction, By Materials, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Roofing Materials Market is predicted to reach USD 59.62 billion by 2033 with a CAGR of 5.7%.
Drivers: Increased industrial growth will result from metal roofing's improved fire resistance.
Metal roofing is expected to grow rapidly in light of the increase in wildfire events. A wonderful way to fireproof a structure and ensure that it complies with current fire laws is by installing metal roofing, which is commonly used by people. Copper, aluminum, stainless steel, and zinc can be used to make either of the two types of it: panels or shingles. These are the most commonly utilized and least expensive metals: aluminum and galvanized steel.
Challenges: Rising Roofing Material Prices May Limit Market Growth It takes a lot of money, effort, and time to resurface an older roof. Climate can have an impact on a product's quality. For instance, some materials are rapidly broken down by extended freeze-thaw cycles, yet they are not resistant to high temperatures or sun exposure. Because bituminous shingles are not as strong as other materials and are more prone to being carried by the wind and breaking readily at different temperatures, they can grow weaker when erected in subzero conditions. Initially, metal roofing is usually more expensive than other materials.
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Breakdowns in the Supply Chain During the pandemic, market development was hindered. Supply networks for construction were significantly disrupted by the worldwide pandemic and the lockdowns imposed by numerous countries. Businesses also suffered large losses as a result of a lack of both trained and unskilled workers. Moreover, the travel limitations imposed during the lockdown created logistical challenges that made obtaining raw materials for manufacture challenging. Since roofing is a manual labor occupation that necessitates close communication between workers, social distance rules established by different nations presented additional difficulties. To protect the wellbeing of their workers, roofing contractors must adhere to COVID-19 regulations and adopt extra safety measures.
Additionally, Some of the market key players are Atlas Roofing Materials Corporation, Johns Manville, Braas Monier Building Group, IKO Industries Ltd, TAMKO Building Products LLC, GAF Materials Corporation, Carlisle Companies Inc, Others.
North America Roofing Materials Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Construction: Based on the Construction, North America Roofing Materials Market is segmented as; New Construction, Reroofing.
By Material: Based on the Material, North America Roofing Materials Market is segmented as; Bituminous, Concrete Clay Tiles, Metal, Elastomer, Plastics.
By Application: Based on the Application, North America Roofing Materials Market is segmented as; Residential, Non-residential.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
For More Information, refer to below link: –
North America Roofing Materials Market Outlook
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