Composite Slate Roofing Market Highlights:
The Global Composite Slate Roofing Market is expected to grow over the CAGR of around 2.90 % during the period 2020 to 2027.
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. 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.
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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.
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.
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.
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