Composite Slate Roofing Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to 2023
Composite
Slate Roofing Market research
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Market share, Composite Slate Roofing Market
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Market analysis
Composite
Slate Roofing have been the best roofing material of choice for last few
decades for residential and non-residential infrastructure. Composite slate
roofing is usually made from plastic or rubber, or a combination of both. Some
roofing manufacturers use recycled materials, while others use virgin resins.
It is also called as synthetic slate roofing. Popular colors for composite
slate roofing shades include red, grey-blue, purple-grey, green and black.
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The growing population, improved standard of living, growing demand for
packaged products are expected to drive the growth of the global composite
slate roofing market. Features such as longer shelf life and user friendly
solutions in terms of storage are expected to fuel the market. Composite slate
roofing is designed to meet all the physical requirement of the supply chain to
ensure that the product arrives on time while preserving the texture and
convenience to handle.
Market
Research Analysis:
The global
market for composite slate roofing market is expected to grow over the CAGR of
around 2.90 % during the period 2017 to 2023. Asia-Pacific region holds largest
share in the global market. Rapid lifestyle changes and economic growth,
coupled with rising population in China and India have spiked the growth rate
of composite slate roofing in the region. Chinese government issued several
favorable policies for lowering the proportion of down payment for second house
loans and exempting of sales tax for ordinary housing, which helped the
recovery of commercial housing market. Europe was the second-largest market for
the global composite slate roofing in 2016. Rise in the residential replacement
activities, rising environmental concerns and the growing interest in energy
saving & cost benefit construction, are the factors driving the growth of
the market in European region.
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Scope of the Report:
This study provides an overview of the global
Composite slate roofing industry, tracking two market segments across four
geographic regions. The report studies key players, providing a five-year
annual trend analysis that highlights market size, volume and share for North
America, Europe, Asia-Pacific, and Rest of the World. The report also provides
a forecast, focusing on the market opportunities for the next five years for
each region. The scope of the study segments the global composite slate roofing
market as type, application. On the basis of type it is segmented as shingles,
tiles and shakes. On the basis of application it is segmented as residential
and non-residential.
Key Players:
The key
players of global Composite slate roofing market include DaVinci Roofscapes,
LLC (U.S.), Ply Gem Roofing (U.S.), CertainTeed Corporation (U.S.), Enviroshake
Quality Engineered Roofing (Canada), EcoStar LLC. (U.S.), Moderne Slate Roofing
Systems (U.S.), Baker Roofing Company (U.S.), Colorado Roofing Contractors, LLC
(U.S.), Inspire Roofing Products (U.S.) and Brava Roof Tile (U.S.) others.
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