The market for Roofing Tiles is expected to grow at a CAGR of around 6.9% during the forecast period of 2020-2025.
The increasing middle-class population, coupled with their increasing disposable income, has facilitated the increasing in the middle-class housing segment, thereby increasing the use of roofing tiles during the forecast period. The usage of roofing tiles for residential applications can reduce the overall heat transfer into the attic space by almost 70%, as compared to an asphalt shingle roof. Roofing tiles are available for various types of residences, including single-family homes, townhomes, condominiums, and apartment buildings. The installation of roofing tiles in residential applications is one of the most cost-effective choices, due to their
Major Player leading in market including Atlas Roofing Corporation, Boral limited, Brava Roof tiles, Crown roof Tiles, Eagle roofing and ECOstar LLC.
BMI future innovations on new roofing tiles which is lower in weight and lighter. The angle of a roof’s pitch not only helps to determine how quickly it can drain rain and snow, but also defines the whole character and feel of a building. Designers of both domestic and non-domestic buildings have started to think more low-key introducing pitches of between 30 and 10 degrees. The most obvious concern when designing or installing a low pitch roof is that rainwater will drain more slowly. This means careful detailing is essential at any openings in the roof surface and at ventilation points to prevent moisture being driven into the roof construction. Hanergy”s HanTiles is glass solar roofing tiles, expected to do available in the U.S later this Year. Like Tesla’s solar tiles, this technology would replace a home’s standard roofing material while also generating electricity.
Market segmentation resulted by type, by application and by region. Based On type it are concrete tiles, Clay tiles, Ceramic tiles and metals. Based on application it has Non-Residential and residential. By region it showed Asia-Pacific, Latin America, North America and Europe. Asia-pacific region dominated the roofing tiles market across the globe with robust growth in construction activities in countries such as India, China, Philippines and Indonesia.
This report showed roofing tiles market growth rate, emerging business environments and latest business opportunities. Also provide Strategies over industry analysis of the key factor increasing the market. As saw many companies are driving the trend of the market in roofing tiles by applying various methods.
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