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Asphalt Shingles Market Report
The Asphalt Shingles Market is Segmented by Product Type (Dimensional Shingles, High-Performance Laminated Shingles, and Three-Tab Shingles), by Application Type (Residential {New Residential and Residential Re-Roofing} and Commercial [by Type {New Commercial and Commercial Re-Roofing} by Building Type {Office, Retail & Lodging, Industrial, and Institutional}]), and by Region ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Asphalt Shingles market is likely to witness a CAGR of 4.0% during the forecast period. The prime factors that are driving the asphalt shingles market are the expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.
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Asphalt Shingles Market - Snapshot |
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Growth |
4.0% for the next five years |
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Major Product Type |
Dimensional Shingles |
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Dominant Application Type |
Residential |
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Region with the highest demand |
North America |
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Key Players |
CertainTeed Corporation, Owens Corning, TAMKO Building Products Inc., IKO Industries Ltd., Atlas Roofing Corporation, Tarco, GAF Materials Corporation, Malarkey Roofing Products, PABCO Roofing Products, Siplast Inc., Henry Company LLC, Polyglass U.S.A., Building Products of Canada Corp., NBP International Inc., Shibam Ventures. |
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Based on the product type, the market is segmented as dimensional shingles, high-performance laminated shingles, and three-tab shingles. Dimensional shingles type dominated the market in 2019, and is expected to maintain its position during the forecast period. Increasing construction activities across the globe is the prime factor driving the growth of dimensional shingles.
Based on the application type, the asphalt shingles market is segmented as residential and commercial. The residential segment is expected to remain the larger application of the market owing to rapid urbanization, increasing disposable income of consumers, and significant economic growth in the Asia-Pacific region.
In terms of regions, North America is estimated to be the largest market for asphalt shingles during the forecast period. The USA and Canada are the largest consumers of asphalt shingles in the region. Significant investment towards re-roofing and higher penetration rate is the major factor driving the growth of the market in the region. Asia-Pacific is expected to witness the highest growth owing to huge consumer base and significant economic development in the region. Europe, The Middle East & Africa, and Latin America are also expected to witness a healthy demand for asphalt shingles during the forecast period.
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Asphalt shingles are the types of walls or roof shingles that use asphalt for the purpose of waterproofing. The asphalt shingles market is segmented based on product type into dimensional shingles, high-performance laminated shingles, and three-tab shingles. Based on the application type, the market is segmented as residential and commercial applications.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Asphalt Shingles Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The asphalt shingles market is segmented into the following categories.
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Some of the major suppliers of asphalt shingles are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The Asphalt Shingles Market is expected to witness an impressive growth of 4.0% CAGR in the foreseeable future.
CertainTeed Corporation, Owens Corning, TAMKO Building Products Inc., IKO Industries Ltd., Atlas Roofing Corporation, Tarco, GAF Materials Corporation, Malarkey Roofing Products, PABCO Roofing Products, Siplast Inc., Henry Company LLC, Polyglass U.S.A., Building Products of Canada Corp., NBP International Inc., and Shibam Ventures are among the key players in the asphalt shingles market.
North America is expected to be the largest asphalt shingles market during the next five years.
Dimensional shingles type is expected to remain dominant in the asphalt shingles market in the coming years.
The residential segment is expected to remain the larger application type in the asphalt shingles market in the coming years.
Expanding application range, technological advancements, and surge in demand from the Asia-Pacific region are the factors driving the growth of asphalt shingles market.