Research and Markets: Global Roofing Products – Market Opportunity and Environment, Analyses and Forecasts to 2016

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/8vpz66/global_roofing) has announced the addition of the "Global Roofing Products - Market Opportunity and Environment, Analyses and Forecasts to 2016" report to their offering.

In 2011, the global roofing products market valued over US$28 billion, out of which the European market comprised a 35.5% share and was the largest regional market of roofing products in the world. In the same year, the Asia-Pacific and North American markets positioned themselves as the second and the third-largest regional markets, representing respective shares of 34.6% and 21%. The continuing uncertainty in Europe and weak levels of growth in the US, are anticipated to reduce the shares of markets in western regions. This situation is expected to be compounded by growth in demand from the Asia-Pacific region, especially China. Timetric projects that the market shares of Europe and North America will decline to 32.2% and 19.3% respectively in 2016.

Key Highlights

- In 2011, the global roofing products market valued over US$28 billion, out of which the European market comprised a 35.5% share and was the largest regional market of roofing products in the world.

- In 2011, the Chinese roofing products market accounted for a share of 20.4% of the global roofing products market.

- Environmentally-friendly roofing is an emerging trend, with a potential to stand out as an independent industry. Various institutional and commercial buildings are embracing the trend and demand is rising. The market has attracted US$4 billion from venture capitalists in the last 20 years.

- Continuing uncertainty in Europe and weak levels of growth in the US, are anticipated to reduce the shares of these markets. This situation is expected to be compounded by growth in demand from the Asia-Pacific region, especially China.

- Clay roofing products are projected to record a CAGR of 5.73% over the forecast period, followed by bitumen roofing felts and slate tiles, which will record respective CAGRs of 5.42% and 5.23%.

Key Topics Covered:

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Research and Markets: Global Roofing Products - Market Opportunity and Environment, Analyses and Forecasts to 2016