Roofing Torch Market Report

Market Insights

The Global Roofing Torch Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.

Figure: Global Roofing Torch Market Size, 2020-2026 (USD Billion)

Wish to get a sample report? Click here…

What is Roofing torch?

A roofing torch is a type of torch that consists of layers of modified bitumen that are melted by a flame torch. It is known as a very common form of asphalt roll roofing. The torch on the roof makes the roofs durable, waterproof, and resistant to ultraviolet light. This type of roofing is used for flat or low-slope roofs. It is easy to install and maintenance costs are also low.

Market Players

Key players operating in the global Roofing Torch market are-

• Leister AG (Switzerland),
• BAK Industries (The U.S.),
• The Brush Man, LLC (The U.S.),
• Herz GmbH (Germany),
• FLAGRO (The U.S.),
• Forsthoff GmbH (Germany),
• Flame Engineering, Inc. (The U.S.),
• Guilbert EXPRESS Middle East LLC (Dubai),
• Superior Products, Inc. (The U.S.), and
• Shenzhen Joaboa Technology (China).

Market Dynamics

The growth of the roofing torch is primarily driven by its increasing usage due to the superior benefits it provides, such as durability, easy installation, cost effectiveness, flexibility, longer lifespan, and fire resistance among others.

Increasing residential and commercial construction activities across geographies is expected to drive the product demand at a significant rate during the review period. The increasing number of players producing roofing torch is another factor propelling the market growth substantially.

Market Segmentation

Type Trends

Based on type, the market has been segmented into two-layer torch roof and three-layer torch roof.

• The two-layer torch on the roofing system is made up of a ply with a granular surface and a smooth base ply.
• The three-layer torch on the roofing systems has a smooth base ply, asphaltic board, and a top ply with a granular surface. The three-layer roofing torch is more durable than two layer roofing torch.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 owing to high demand for innovative and technologically advanced product.

• The market in Asia-Pacific is expected to register highest growth during the forecast period.
• Expanding construction industry in countries including China and India coupled with rising per capita disposable income is anticipated to propel the market growth.
• Increased investment on the construction of roads is projected to fuel the product demand further.

COVID-19 Impact on Global Roofing Torch Market

The spread of coronavirus affected the growth of the construction industry due to the enforcement of lockdown to curb the spread of the virus. Additionally, various building and road construction projects were postponed or cancelled and construction sites were shut due to the social distancing norms. However, with the lift of lockdown, the end-use industry has gained momentum and is likely to drive the market growth at a healthy rate during the review period.

Critical Questions Answered in the Report

• What are the key trends in the global roofing torch market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global roofing torch market?
• What are the key strategies adopted by the major vendors to lead in the global roofing torch market?
• What is the market share of the top vendors?

Get the full scope of the report. Click here…

Target Audience

Here is the list of audience that the Roofing Torch market aims to convert the most:

• Roofing torch Manufacturers
• Roofing torch Suppliers
• Roofing torch Distributors
• Organizations
• Government Bodies

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 sales@stratviewresearch.com.