June 26, 2018
WELLESLEY, Mass., June 26, 2018 – The usage of clay tiles, wood shake and slate are all contributing to innovations within the North American market for residential roofing materials, according to a new report from BCC Research.
In 2017, the industry was worth $12.8 billion. However, it is anticipated to reach a value of $14.4 billion by 2023, indicating a compound annual growth rate (CAGR) of 2.0%, according to the study, Residential Roofing Materials: The North American Market.
Major companies that are influencing the market include Standard Industries Inc., Sika AG, Owens Corning and CertainTeed Corp.
“The U.S. is observed to dominate the residential roofing materials market in the North American region, in terms of volume, followed by Mexico and then Canada,” the report notes. “The scenario is different in terms of value, as the share depends upon product prices. In terms of value, the U.S. dominated the residential roofing materials market, followed by Canada and Mexico.”
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Residential Roofing Materials: The North American Market( AVM070D )
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