Residential Roofing Market
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Residential roofing market. As per the report the application landscape of the residential roofing industry market is bifurcated into asphalt shingles roofing metal roofing elastomeric roofing built up roofing modified bitumen roofing andothers. While new housing starts are expected to increase in 2017 roof replacements comprise the bulk of residential contractors business. The market is classified on the basis of material type type application and region. Some of the market players in the residential roofing market include basf ag atlas roofing corp johns manville knauf insulation inc lapolla bayer saint gobain owens corning gaf materials corp sika sarnafil inc rockwool group royal group inc and certainteed among others.
By application the market is classified into residential commercial and industrial. As the leading master elite contractor in southern california since 2002 chandler s roofing is able to offer you unparalleled roof warranty. There are two main types of asphalt shingles. By material type the market is divided into bituminous roofing metal roofing tile roofing and others.
The north american residential roofing materials market is expected to grow from nearly 6 5 billion in 2015 to 7 8 billion by 2020 with a compound annual growth rate cagr of 3 8 for the period of 2015 2020. Sales forecasts according to the national association of home builders nahb residential housing starts in 2016 were estimated to be 1 16 million up almost 5 percent from the previous year s total of 1 11 million units. 3 key opportunities for us residential roofing producers in 2019 beyond while weather patterns and housing activity largely govern the us residential roofing market the devil is in the details when it comes to understanding key growth trends. Chandler s roofing proudly features and installs quality roofing materials supplied by gaf materials corporation north america s largest manufacturer of residential and commercial roofing products.
Asphalt composition shingles dominate the market because they are affordable offer a variety of attractive options and do a good job protecting homes from the nature s elements. A roof is a structure that covers the houses or buildings and protects their interior and exterior.
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