Steel Roofing Market was valued at USD 5.11 Billion in 2020 and is projected to reach USD 19.39 Billion by 2026, growing at a CAGR of 4.94 % from 2020 to 2026.
Growing commercial and industrial construction activities are anticipated to impede growth of the steel Roofing Market. Also, ongoing renovations in building and improved manufacturing process are fueling the growth of the steel Roofing Market.
Many companies are working currently on Stone coated steel roofing. This type of roof is trending in the market such as Decra is number one company for producing Stone coated steel roofing. The difference of the company proprietary stone-coated steel is unsurpassed in strength, durability, sustainability, and sophistication which are why only DECRA can offer the most comprehensive limited lifetime warranty in the roofing industry.
Segmentation is based on Type of product it is Classic tile, Stone Coated steel shake, Stone Coated Steel Shingle. Based on Application has Residential, Commercial, Institutional. Based on region it registered in North America, Europe and South America. Asia-Pacific dominates the Steel roofing market due to the increasing development of infrastructure for commercial as well as industrial sectors. North America region is expected to hold the largest growth rate due to the improved living standard of the people.
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