Rise in construction industry, rapid urbanization, and innovations in technology are the key factors that drive the growth of the market. Increasing strategic developments such as partnerships and agreements, favorable research funding scenario, and new product development are the key factors contributing to high CAGR of single-ply roofing market during forecast period.
Market Size – USD 4.61 Billion in 2018, Market Growth - CAGR of 8.0%, Market Trends – Product launches and Acquisitions of regional payers
NEW YORK, March 19, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global Single-Ply Roofing Market was valued at USD 4.61 Billion in 2018 and is expected to reach USD 5.72 Billion by year 2026, at a CAGR of 8.0 percent. The study covers single ply roofing membranes, which are flexible sheets of compounded plastic-derived material that are used to cover and protect flat and low-sloped buildings. These prefabricated membranes are manufactured in a factory to strict quality control requirements and can be attached in a variety of methods. Roofing materials are a vital necessity in construction, as they comprise the primary barrier against natural elements such as rain, cold, and heat.
Rise in the demand for cost-effective roofing materials such as PVC and EPDM is expected to fuel market growth. Emerging regional players or new entrants are estimated to gain opportunities to enter the market. Rise in the government initiatives coupled with infrastructural investment in the commercial and residential construction sector is expected to propel the market especially in the emerging markets of the world.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the single-ply roofing market on the basis of membrane type & sub-types, installation methods, end user, and region:
Membrane Type (Revenue, USD Million; 2016–2026)
Installation Method (Revenue, USD Million; 2016–2026)
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End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Rest of the World
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