Roofing Torch Market Report
Global Roofing Torch Market, Dynamics, Market Analysis See less
Global Roofing Torch Market, Dynamics, Market Analysis
The Global Roofing Torch Market is segmented By Type (Two Layer Torch Roof, Three Layer Torch Roof), Application (Industrial & Construction, Farm, Road Service, Home Use, Other), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Roofing Torch market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
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)
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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.
Key players operating in the global Roofing Torch market are-
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.
Based on type, the market has been segmented into two-layer torch roof and three-layer torch roof.
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 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.
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Here is the list of audience that the Roofing Torch market aims to convert the most:
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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) are among the key players in the roofing torch market.
North America accounted for the largest market share in 2020 owing to high demand for innovative and technologically advanced product.
Asia-pacific is expected to register highest growth in the roofing torch market during the forecast period.
Increasing usage due to the superior benefits it provides, such as durability, easy installation, cost effectiveness, flexibility, longer lifespan, and fire resistance among others is the prime factor driving the growth of roofing torch market.
Roofing torch Manufacturers, Roofing torch Suppliers, Roofing torch Distributors, Organizations, Government Bodies are the target audience in the roofing torch market.