According to IMARC Group latest report titled “India Roofing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on roofing market share in India. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India roofing market is expected to exhibit a CAGR of 7% during 2022-2027.
Roofing represents the process of constructing the top covering of a building. It is commonly made using various materials, such as copper, ridge cap, drain, slate, asphalt shingles, plastic cement, base ply, fasteners, felt, flashing, gravel, sheet, metal, tiles, etc., depending on the consumer preference and the prevailing weather conditions. Roofing is mainly divided into two kinds, namely flat and slope, which provide energy efficiency and assist in lower construction and repair costs. It also improves the durability of buildings, adds significant value, and offers protection against harsh environmental conditions, including wind and scorching sun rays. Roofing further provides innovative features and increases the overall lifespan of a structure. As a result, it finds widespread utilization in residential, commercial, and industrial buildings across the country.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The escalating demand for polycarbonate sheets in sky lighting, swimming pools, display signboards, and walkways, on account of their weather-resistant properties and low maintenance costs, is among the primary factors driving the India roofing market. Besides this, the growing popularity of clear panels containing protective film layers that filter out harmful ultraviolet (UV) sun rays in sunrooms, patios, and places that need natural light is further augmenting the market growth. Apart from this, the elevating requirement for strong, eco-friendly, and durable corrugated roofing sheets that offer enhanced strength and utility to protect sheds, garages, and porches is also catalyzing the market across India. Moreover, the shifting consumer inclination from conventional roofing materials towards reliable and advanced product variants, owing to their rising income levels, is acting as another significant growth-inducing factor. In addition to this, the inflating expenditure capacities of individuals and the expanding construction industry are also stimulating the market growth. Furthermore, the emerging trend of green buildings, which utilize zinc-aluminum coated sheets that provide atmospheric resistance, is anticipated to propel the India roofing market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, material type, type and application.
Key highlights of the report:
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