Jul 26 2010
Demand for roofing and insulation is directly dependent upon the prosperity of the construction industry and general economic conditions in a given country.
Global demand for roofing materials slumped in 2008 and 2009, as the construction industry was hit by the global economic downturn. Demand is expected to recover in 2010 and post substantial growth in ensuing years. Europe leads the global roofing & insulation market, as stated by the new market research report on Roofing & Insulation. The US and Asia-Pacific are the other leading markets for roofing & insulation products worldwide, with Asia-Pacific being the fastest growing market for roofing as well as insulation products.
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 solutions. The US market is likely to develop as housing construction recovers from the existing slump. Within the roofing market, Asphalt Shingles represents the largest product type in terms of volume and value. Other leading roofing options worldwide include Metal Roofing, Roofing Tiles, and Plastic Roofing. The roofing and waterproofing technology arena is witnessing the emergence of a long-term roofing solution in the form of Cold-liquid-applied membranes. Foamed Plastics represents the largest selling insulation product worldwide. Other leading insulation products include fiberglass and mineral wool.
Select major players profiled in the report include Owens Corning, Royal Group Inc., Saint-Gobain, CertainTeed Insulation Group, The Rockwool Group, Knauf Insulation Inc., Johns Manville, GAF Materials Corp., BASF AG, Atlas Roofing Corp., SIG Plc, Sika Sarnafil Inc., Monier Group GmbH, Icopal Limited, The Garland Company Inc., among others.
The report titled “Roofing & Insulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the roofing and insulation industries, key market trends, review of all the major products in roofing and insulation, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Roofing & Insulation market for the years 2007 through 2015, and 2001 to 2006 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key segments and sub-segments analyzed include Roofing (Asphalt Shingles, Metal, Elastomeric, Built-Up, Roofing Tile, Modified Bitumen, Plastic and Others) and Insulation (Foamed Plastics, Fiberglass, Mineral Wool and Others).
Source: http://www.StrategyR.com/