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The global asphalt shingles market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period 2019 to 2026 and reach around US$ 11 billion by 2026.The sector is experiencing increased strategic partnerships with material providers between contractors and installers to help serve a broader range of clients. In general, product manufacturers are engaged in contracting employment and sales activities in close contact with contractors. Contractors are certified to install their products or systems in many cases by suppliers.
Compulsory restrictions enforced on sustainable construction products by multiple regulatory authorities in the USA are anticipated to propel demand for product over the forecast period. Furthermore it will help to promote development in the sector to increase awareness of the use of roofing technologies in order to decrease carbon footprint by lowering the energy consumption.
Asphalt shingles are the most frequently used roofing materials for various constructions worldwide. The roof coverings are generally used on single homes, tiny residential buildings and ranch houses. The most common uses of asphalt shingles are for the protection of households against thunderstanding, fire, algae, moose, and grass. Asphalt barking reflects thermal waves efficiently in summer and reduces the need to maintain cool homes for air conditioning The colors and textures are accessible in a broad range of colours. The esthetic attraction of housing is being increasingly refined.
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Acumen Research and Consulting in its report titled, “Asphalt Shingles Market: Global Industry Analysis and Opportunity Assessment, 2019–2026,” offers comprehensive insights and detailed research on the global asphalt shingles market over the forecast period 2019 – 2026. The report covers the key factors that are propelling the growth of the asphalt shingles market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments. The report evaluates the global asphalt shingles market with respect to market value (US$ Mn) and volume (MT).
The report sheds light on the key drivers and challenges affecting the growth of the asphalt shingles market. The report provides exhaustive market share evaluation of the global asphalt shingles based on leading manufacturers. A section of this report highlights country-wise global asphalt shingles market. It provides a market outlook for 2016–2026 and sets the forecast within the context of the report. The report on asphalt shingles mentions key developments and activities executed by leading service providers operating in the market.
The report started with a succinct overview of the market. This part of the report also encompasses ARC’s analyses of key drivers, restraints, and trends from the supply and demand perspectives. Impact evaluation of primary growth drivers and restraints on the basis of the weighted average model are covered in market report to better equip and arm readers with robust decision-making insights.
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Our research methodology
The report on asphalt shingles market considers average selling price across geographies to calculate the market size. Furthermore, various data points, including market split and regional split by ingredients, application, and source and qualitative inputs from primary respondents are encompassed to arrive at the accurate market projections. The forecast provided in the report evaluates the overall revenue that is anticipated to be generated in the market over 2019–2026. At the time of developing the asphalt shingles market forecast, the analysts begin with sizing up the current market, which forms the foundation for how the market is projected to take shape in the forthcoming years. Given the characteristics of the market, we triangulated the result on the basis of various analysis outcomes based on supply side as well as demand side. However, enumerating the market in various regions and in segments is more of a matter of quantifying expectations and recognizing opportunities rather than vindicating them after the forecast is completed.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted asphalt shingles forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In the concluding part of the report, the global asphalt shingles market landscape is covered to provide report audiences with a dashboard view of the key market players, their presence in the market portfolio and key differentiators. The asphalt shingles industry structure and company market share analysis is detailed in this report. The asphalt shingles market share is projected on the basis of global sales of asphalt shingles. Numerous sources referred while formulating the report include market players’ annual reports, analyst presentations, investor presentations, and company press releases. The result has been triangulated with distributors, retailers, and industry experts across the value chain of market.
Key Players & Strategies
Major players operating in the global asphalt shingles market are Industries, Ltd., Siplast, Inc., CertainTeed, TAMKO Building Products, Inc., coPal ApS, Building Products of Canada, Atlas Roofing Corporation, Polyglass S.p.A, Malarkey Roofing, IKO Henry Company, Owens Corning, Tarco, Inc., PABCO, Braas Monier Building Group, LLC, GAF U.S., and GCP Applied Technologies Inc.
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Market Segmentation
Global Asphalt Shingles Market, By Product Type
Strip Asphalt Shingles
Laminates Asphalt Shingles
Heavy Laminates Asphalt Shingles
Global Asphalt Shingles Market, By Composition
Organic Asphalt Shingles
Fiberglass Asphalt Shingles
Global Asphalt Shingles Market, By End Use
New Construction
Re-roofing
Global Asphalt Shingles Market, By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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