The rapidly progressing construction industry is expected to enhance the demand for the product. Roofing materials comprise the outermost layers of a building and are used to repair and construct roofs. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times. ![]() Furthermore, the report provides valuable observations on market trends and significant industry advancements. The research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment, distribution channels, and prominent product categories. However, the resumption of manufacturing and the adoption of reduced capacities, automated production techniques, and part-time shifts are expected to enhance the market growth. Also, the restrictions imposed on transportation led to a lack of raw materials required for production. ![]() Moreover, restrictions on construction activities may result in a lack of demand. Further, the alarming spike in COVID-19 infections is expected to impede market progress. This market is expected to be negatively affected during the COVID-19 pandemic due to supply chain disruptions. Pandemic Slowed Market Growth due to Supply Chain Disruptions The rising investments in the renovation and development of infrastructural facilities, buildings, and other commercial spaces may drive segmental growth.įrom the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The residential segment is the dominating segment owing to rising infrastructure projects globally. Residential Segment Leads with Investments in Infrastructure Projects and Renovationsīy end-use industry, the market is classified into residential, non-residential, and industrial. The inexpensive and simple-to-install nature of the product is expected to enhance segmental growth. The bituminous segment is expected to hold the dominant market share due to the rising demand for the product from residential construction. Rising Demand for UV Protection, Energy Efficiency, and Infrastructure Development Fuel Market Growthīrowse Detailed Summary of Research Report with TOC:īy material, the market for roofing materials is segmented into bituminous, tile, metal, elastomeric, and others. Growing Demand for Bituminous Products in Residential Construction Drives Growth Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends Report Scope & Segmentation: Report Attributes
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