Roofing materials are used for the outermost layer of the roof of a house, building, etc. These materials are normally supported by an underlying structure; however, sometimes they can also be self-supporting. The roofing material of a building gives shelter from the natural elements. The external layer of a roof can have a lot of variations depending on the nature of the supporting structure and the availability of the roofing materials. According to a report by Grand View Research, the global roofing materials market is expected to reach USD 142.8 billion by 2025 growing at a CAGR of over 3.1 % during the forecast period (2016–2025).
Recent Developments in Roofing Materials:
As technology advances, new innovative roofing materials are developed. Take a look at these latest advances in roofing materials.
Eco-friendly Materials:
Everyone today is increasingly becoming aware of the ecological effect of what we do. This rising awareness has had a positive effect on the roofing materials market and has resulted in some new, innovative, & eco-friendly roofing ideas. At present, vegetated roofs are found commonly on some large-scale buildings such as factories or universities and they are also available for residential properties. This includes special seeded packs placed on the roofs that need light & water to develop into a green, natural covering.
Another improvement is for the solar panel technology! The newly introduced films are thinner than the traditional solar panels are placed on the traditional roofing material for solar energy. This technology works on shingle & metal roofs.
Modern Metal Materials:
Modern metal roofs are one of the materials that are becoming popular for domestic & business properties. They use a rain-catching system and are extremely durable & easy to recycle.
Flat Roof Materials:
Some new flat roofs materials have successfully solved various problems such as limited lifespan, tearing or shrinking due to sunlight, leakage, etc. Rubber membrane or EPDM is a long-lasting material that can now be placed on roofs. The other new flat roof option is the fiberglass material, called as GRP roofing. These materials can last for over 30 years and come with a range of various finishes & coatings. These materials are safe, waterproof, and easy-to-install.
Market Overview:
The global roofing materials market is expected to grow at a healthy CAGR on account of the increasing building construction activities for the residential sector in the developed areas, such as the US. Major market players include IcoPal ApS; Owens Corning Corp.; and GAF Materials Corp.
In-Depth research report on roofing materials market:
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