World roofing demand on the rise

Global demand for roofing products is expected to increase over the next five years. Photo © BigStockPhoto/Gordana Sermek
Global demand for roofing products is expected to increase over the next five years. Photo © BigStockPhoto/Gordana Sermek

The demand for roofing is predicted to increase 3.7 per cent annually until the year 2018—a notable upturn over the past several years’ demand.

Market-research firm Freedonia Group has published the study, World Roofing, which attributes part of the recent growth in demand to a rebound in residential building construction in developed countries.

China has the largest roofing market, and is accountable for one-third of the market gains predicted into 2018. Further, the United States is expected to recover from the 2006 housing market downturn.

Significant gains have also been seen in non-residential construction applications. Overall, across all roofing markets, bituminous and tile products were the most popular choices last year and accounted for two-thirds of international demand, while fibre cement products are predicted to see a slight downturn.

Click here for more information about the report.

Data © The Freedonia Group
Data © The Freedonia Group
Leave a Comment

One comment on “World roofing demand on the rise”

  1. The figures by market research firm – Freedonia Group, clearly suggests that there is a boom in dakwerken (roofing) market worldwide, particularly in parts of Europe, UK and China. Keep posting such information. Interesting to read that the preference of fibre cement products has gone down.

Leave a Comment

Comments

Your email address will not be published. Required fields are marked *