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Composite Slate Roofing Market Research Report, Expected To Grow With 2.90% CAGR During The Forecast

Added: (Thu Apr 12 2018)

Pressbox (Press Release) - Market research future published a raw research report on Global Composite slate roofing Market that contains the information from 2017 to 2023. The market is expected to reach market size of 3,438.1 million by the end of forecast period with CAGR 2.90% between 2017 and 2023.
Taste the market data and market information presented through more than 84 market data tables and 45 figures spread in 108 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Composite Slate Roofing Market Information from 2017 to 2022"
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Composite slate roofing uses plastic, rubber, and other used in residential and non-residential segment. High demand for these products, rise in purchasing power, which are driving the market towards growth. The growth of composite slate roofing market is influenced by the growing construction industry, low maintenance cost and rapid industrialization and urbanization in emerging economies. Availability of other alternatives and economic slowdown hinder the growth of the market.
The global composite slate roofing market has been segmented based on type, application and region. On the basis of type, it is segmented into shingles, tiles and shakes. On the basis of type, Shingles accounted for the largest market share of 67.42% in 2016 and is projected to grow at the highest CAGR of 4.23% during the forecast period. On the basis of application, residential sector is referred as highest growing segment due to the increasing population and urbanization. With rapid industrialization in countries like India, China and Indonesia, there is seen and increased demand for construction. The market is expected to reach market size of 3,438.1 million by the end of forecast period with CAGR 2.90% between 2017 and 2023. Asia-Pacific is the largest & fastest growing market for composite slate roofing, followed by Europe and North America. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.
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Shingles will be the largest segment
On the basis of type, Shingles accounted for the largest market share of 67.42% in 2016 and is projected to grow at the highest CAGR of 4.23% during the forecast period.
In the roofing industry there are many different types of shingles. It is made up of various materials such as wood, slate, fiber cement, metal, plastic, and composite material such as asphalt shingles. The types of roofing shingles available differs based on size, shape, color, thickness and material. Slate shingles have been known to last anywhere from more than 50 years and have some of the best water and damage resistance properties, which is ideal for frigid winter temperatures.
We recognize the key players in the global composite slate roofing market as 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.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Composite slate roofing market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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