Growing Construction Sector Boosts Global Roofing Market, Emerging Economies Beckon.

A roof is a structural element of a building that covers the uppermost part of a building, with the purpose of offering protection against rain, sunlight, snow, wind, temperature, and other weather extremities. Be it a residential complex or industrial mega-construction, roofs are required on all buildings. Thus, to cater to the multifarious roofing needs, roofs can be either flat, vaulted, pitched, domed, or a combination of one or more roof types, in order to match the economic, technical, and aesthetic considerations for a particular roofing application.
 
Benefits of Home Improvements and Energy Conservation Drive Demand for Newer Roofing Material
 
In most parts of the world, escalating construction activities for both commercial and non-commercial purposes is one of the most important factors driving the roofing market. More so, in the developing countries in Asia Pacific, the Middle East and North Africa (MENA), and Latin America, economic growth and rapid urbanization have been the reasons for the continually increasing demand for both infrastructural expansion and upgrade of existing structures, which is a mark of rising national prosperity as well.
 
The demand for roofing materials is also increasing in a bid for home improvements by homeowners. This is because the changing climatic profile of our planet is causing a rising number of natural calamities such as earthquakes and storms. As such, consistent R&D by product manufacturers to develop roofing materials that can withstand harsh ambient conditions is trending for homeowners to consider re-roofing undertakings.
 
At the same time, the use of newer roofing solutions helps prevent the loss of heat inside buildings, especially in cold countries that depend on internal heating systems at least for a few months in the year, thereby helping save energy.
 
Roofing Solutions Need to Meet State-laid Regulatory Mandates
 
Initiatives for the development of improved roofing materials, wherein mostly private parties are involved, are overseen by government agencies to conform to stipulated laws that are laid in accordance with environmental and health considerations. For example, in the U.S, the Department of Energy and the Environmental Protection Agency (EPA) oversee the usage of roofing materials for construction contractors to adhere to relevant directives, from environmental considerations, for roofing solutions.

Get Free Sample Research Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4234
 
The usage of roofing materials is regulated from health considerations as well. For instance, currently, the use of asbestos shingles as a roofing material is either restricted or banned in most countries around the world due to the role of the material in the causation of lung cancer and other respiratory diseases. Prior to the enforcement of the directive, asbestos shingles were widely used due to their low cost and long lifespan.
 
In a recently conducted research by Transparency Market Research (TMR), the various segments of the roofing market have been analyzed and presented as follows:
 

• Bituminous roofing is the most popular roofing solution used for public welfare buildings and commercial spaces. This is attributed to its easy installation, waterproofing property, and affordable pricing, which makes the material suitable for hospitals, schools, offices, and retail stores. As such, bituminous roofing held more than 45% of the overall roofing market in 2013.
• Tile roofing stood as the second largest product segment in 2013, due to extensive demand for the material from emerging economies in Asia Pacific.