The new report by Expert Market Research titled, ‘Latin America Roofing Materials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Latin America roofing materials market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 5.5 billion (Latin America Roofing Market)
- Forecast CAGR (2021-2026): 4.5% (Latin America Roofing Market)
- Forecast Market Size (2026): USD 7.2 billion (Latin America Roofing Market)
The growth of the roofing materials market is fuelled by the building industry, rapid urbanisation, and technological advancements. Furthermore, technical advancements such as green roofing, environmentally sound roofing materials, and roof inspection drones have raised demand for roofing products. The high construction cost of roofing systems, on the other hand, is expected to stifle the roofing market’s expansion. Due to the popularity of eco-friendly roofing technology and increased investments in the real-estate market, the residential segment is projected to rise the most. The rise in income levels, rapid urbanisation and industrialisation, along with increased government effort to invest in infrastructure development are all contributing to the market acceleration.
Industry Definition and Major Segments
The process of applying an external covering to a building’s roof is known as roofing. It is possible for the exterior coating to be self-supporting or to be sustained by systems under it. Tiles are being commonly used by customers and developers alike as they are becoming concerned about the environment. Clay and concrete tiles are particularly popular because they are long-lasting and have a demonstrated beneficial effect on the climate.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/latin-america-roofing-materials-market
On the basis of type, the roofing materials market is divided into:
On the basis of application, the roofing market can be bifurcated into:
- Residential
- Non-residential
The regional markets for the product include:
- Brazil
- Argentina
- Mexico
- Others
Market Trends
Rapid urbanisation in developing markets has boosted the expansion of the construction industry, which in turn has boosted demand growth. There has been an increase in demand for new energy-efficient technologies such as green roofing, which eliminates power waste by reducing air conditioning use over time while also enhancing air quality and extending the roof’s life cycle. Furthermore, programmes focusing on energy-efficient measures, such as renovating existing buildings and replacing old roofs with new ones, are propelling the roofing industry forward. Due to evolving habits and growing urbanisation in Latin America, the construction of commercial buildings such as multiplexes and retail malls have aided the industry growth.
Key Market Players
The major players in the market are BMI Group, Owens Corning, Etex SA, Megaflex Ltd., and Dextra Group, among others . The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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