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Roofing Tile Market Size Forecast to Reach $38.6 Billion by 2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
Get Free Sample PDF Brochure: Overview The roofing tiles market outlook appears promising mainly due to the continually growing energy demand worldwide. Additionally, the rise in solar panel installations in commercial, industrial, and residential applications impacts the market growth positively. The growing government initiatives for infrastructure development benefit the roofing tiles market growth. Also, the rapid uptake of cooling roofing tiles in residential set-ups and commercial and industrial sectors fosters the market demand. Conversely, some roofing tile materials cannot withstand heavy loads and get damaged by sharp objects. Also, extreme temperatures can easily damage them fading away their original colors. Simultaneously, the lack of awareness about emerging trends in roofing hampers the growth of the market. ....
Roofing Tile Market Segment Analysis – By End-Use Industry The residential segment held the largest share in the roofing tile market in 2020 and is growing at a CAGR of 5.8% during 2021-2026, owing to increasing usage of roofing tiles such as terracotta roof tiles, pantile roof tiles, and slate roof tile in the residential industry. As compared to an asphalt shingle roof, the use of roofing tiles for residential applications will minimize the overall heat transfer into the attic room. For different types of dwellings, roofing tiles are affordable, including single-family homes, town-homes, condominiums, and apartment buildings. Because of their long lifetime, the installation of roofing tiles in residential applications are one of the most cost-effective decisions. Despite the higher demand, there is still a considerable under-supply to satisfy the demand for housing worldwide, providing a major opportunity for investors and developers to adopt alternative construction metho ....
Roofing Tiles Market Worth $41.3 Billion by 2027 at a CAGR of 5.2% | By Material Type, Construction Type, End-User Roofing Tiles Market Outlook- 2027: Roofing tiles are a type of tiles installed on the roof of the houses and apartments. PORTLAND, OR, UNITED STATES, January 5, 2021 /EINPresswire.com/ According to a new report published by Allied Market Research, titled, “Roofing Tiles Market by Material Type, Construction Type, and End-User Industry: Opportunity Analysis and Industry Forecast, 2020–2027,” the global roofing tiles market size was valued at $30.4 billion in 2019, and is projected to reach $41.3 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027. Roof tiles are laid on the framework of roof. Roof tiles are preferred in residential construction, owing to its features and properties such as longevity, durability, fire resistance, wind resistance, and others. ....