The surge in the construction industry has risen the popularity of asphalt shingles that are used for roof covering. Market Research Future reveals that the global asphalt shingles market to expand at a CAGR of 5.8% during the forecast period 2018-2023 while achieving a valuation of over USD 8 billion. The construction sector has always kept, and eye and has become an indicator while studying the economic growth of any economy.
The global asphalt shingles market is extremely competitive with the presence of many key players and some new players, across the globe. The players have adopted various strategies in their way of expanding global existence to enhance their market shares, such as mergers, acquisitions, strategic partnerships, and collaborations, which has provided a considerable push to the market towards positive growth graph in the latest.
Market Drivers & Trends
Among the various segments, the moderate growth in the construction sector has witnessed the increased number of new residential building and remodeling or renovation projects owing to the rapid urbanization has considerably motivated the growth of the asphalt shingles market. With this, the emerging trends such as innovation of product and materials, investments, and more have an immediate impact on the aspects of the construction industry, which has influenced the global asphalt shingles market in more significant ways. Therefore, as per the study, the market can achieve higher valuation with the massive growth rate during the forecast period.
Asphalt shingles have their application in roofing with waterproofing, as it covers the roof. Due to its cost-effective, as compared to other types, these are easy to install, which is the point of attraction of asphalt shingle. Such advantages are, therefore, fueling the overall demand of such shingles in the new construction and renovation industry, especially in the developed regions, across the globe. Many regions are also in line with the implementation of asphalt shingles alongside the need for aesthetics in the roofing system in construction projects. These are the grossing factors that are tremendously driving the global asphalt shingles market to earn more valuation during the assessment period.
Request for Free Sample Report @
https://www.marketresearchfuture.com/sample_request/7172
Market Segmentation
The segmental analysis of the global asphalt shingles market has been done among the elements of type, material, and application.
In terms of type: Heavy laminates, laminates, and strip are the segments. Wherein, the material segment is also sub-segmented into fiberglass, and organic.
In terms of application: New construction and renovation/remodeling are the segments.
In terms of materials: Fiberglass and organic are the segments. Among these, the fiberglass acquired for the largest market share in 2017 and is now likely to display similar growth pattern in the forecast period. The properties of fiberglass material are lighter in weight, extra fire resistance, and more durability, due to which, the fiberglass stands out to be extra durable and recommended a lot in the latest construction industry.
Regional Outlook
Region-wise, the analysis of the global asphalt shingles market has been studied among the key regions of North America, Europe, Asia-pacific, and Rest of the World.
Among these, North America and Europe together acquired the larger share in the entire asphalt shingles market 2017. Asia Pacific region also, in 2017, earned a substantial market share, which will continue with its leadership by 2023. Such growth has been attributed to the adverse climate conditions found in the regions of North America and Europe, increasing investments in R&D activities for advanced materials.
Recently published a report entitled Asphalt Shingles Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad asphalt shingles market has been sub-grouped into product type, composition and end-market.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Asphalt Shingles Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/asphalt-shingles-market/download-sampleBy Product TypeHeavy LaminatesLaminatesStripBy CompositionFiberglassOrganicBy End MarketNew ConstructionRe-roofingThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the asphalt shingles market include Atlas Roofing Corporation, CertainTeed Corporation, Henry Company LLC, IKO Industries, Ltd., Malarkey Roofing Products, Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., TAMKO Building Products, Inc., and Tarco, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for asphalt shingles in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Asphalt Shingles Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The broad asphalt shingles market has been sub-grouped into product type, composition and end-market.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Asphalt Shingles Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/asphalt-shingles-market/download-sampleBy Product TypeHeavy LaminatesLaminatesStripBy CompositionFiberglassOrganicBy End MarketNew ConstructionRe-roofingBrowse Full Global Asphalt Shingles Market Research Report With TOC At: https://www.valuemarketresearch.com/report/asphalt-shingles-marketThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the asphalt shingles market include Atlas Roofing Corporation, CertainTeed Corporation, Henry Company LLC, IKO Industries, Ltd., Malarkey Roofing Products, Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., TAMKO Building Products, Inc., and Tarco, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for asphalt shingles in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asphalt Shingles Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2019-2025 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the asphalt shingles market include Atlas Roofing Corporation, CertainTeed Corporation, Henry Company LLC, IKO Industries, Ltd., Malarkey Roofing Products, Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., TAMKO Building Products, Inc., and Tarco, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Asphalt Shingles Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/asphalt-shingles-market/download-sampleMarket DynamicsThe growing construction industry coupled with increasing number of asphalt-roofed residential buildings owing to the properties such as waterproofing and insulation is fueling the asphalt shingles market growth.
Moreover, the superior characteristics of asphalt roofing over other roofing materials are again pushing the market growth.
However, the volatile price of raw material prices of asphalt shingles is expected to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
