Asphalt Shingles Market is set to record 3.8% of CAGR by 2025
Category: #headlines  By Rahul Varpe  Date: 2020-05-21
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Asphalt Shingles Market is set to record 3.8% of CAGR by 2025

The market analysis on asphalt shingles market provides a holistic view on the overall industry along with laying significant focus on crucial details pertaining to its foothold in the global economy and its applications across multiple end-user industries and sectors.

According to the given report, the asphalt shingles market recorded a valuation of USD 7 billion in 2018 and is further anticipated to surpass a mammoth of USD 9.5 billion by the end of 2025, while depicting a CAGR of 3.8% through 2025. Besides, the study also includes information on the current market scenario, developing technologies, widely spread competitive landscape, future growth prospects, tactics undertaken by market rivals, and vivid market segmentations.

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The research report also lays emphasis on the fundamental factors that are propelling the market growth over the foreseeable period, along with offering elaborative details of the trends that the industry is characterized by.

The overall asphalt shingles market is divided on the basis of various Product, Application, Commercial Building Type, regions, and competitive landscape spectrums.

In terms of Commercial Building Type segmentation, the overall industry is categorized into segments namely Office, Retail & Lodging, Industrial, Institutional. The report provides a summary of this terrain in terms of the growth drivers fueling the segmental growth, final market valuation, quantitative and qualitative insights offered by each sub-segment, and the impact of overall type spectrum on the global asphalt shingles market share in the ensuing years.

Based on the product segmentation, the research report bifurcates segment into different products like Dimensional Shingles, High Performance Laminated Shingles, Three-Tab Shingles. Useful information in terms of market share, current and expected segment valuation, current and projected growth rate, development trends, and performance of the segment on the overall market have also been enclosed in the report.

In terms of the application spectrum, asphalt shingles market is sub-segmented into Residential {New-residential, Residential Re-roofing}, Commercial {New Commercial, Commercial Re-Roofing}. The spectrum provides critical details on the generic drivers, current and predicted market share, expected segment valuation, individual segmental growth rate, and much more which would significantly impact the overall asphalt shingles market.

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The overall asphalt shingles industry is highly consolidated and claims presence of companies like CertainTeed Corporation, Owens Corning, TAMKO Building Products Inc., IKO Industries Ltd., Atlas Roofing Corporation, Tarco, GAF Materials, Malarkey Roofing, PABCO Roofing Products, Siplast Inc., Henry Company, Polyglass U.S.A., Building Products of Canada Corp., NBP International, Shibam Ventures whose individual market shares and company profiles have been enlisted in the report. Moreover, the analysis also includes the firms’ strategies and their stance in the global landscape.

Apart from the growth rendering factors, and technologies influencing the market size, the research report also constitutes of major challenges that could deter the market growth over the forecast time period.

 

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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