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Roofing tiles are used on a wide area of the house and are built to keep the rain out. They keep houses cold, too. Roofing tiles are safe to house plates. They have a deciding effect on the appearance of a building. Roofing tiles also shield houses or buildings from fire, cold, wind, hail, rain, noise and snow. In terms of thermal insulation, roofing tiles play a significant function. They help to lower energy consumption extents. The protection generated by roofing tiles reduces the heat equation of transmission of roofing, thereby reducing energy consumption.
Rising awareness of builders which focus on integrating aesthetic designs in residential and commercial buildings to enhance comfort and cooling and insulating properties has increased the involvement of building manufacturers due to increase in construction projects henceforth driving the market growth However, high installation costs, however, restrict the growth of the market. Large initial capital investments are required to provide exceptional comforting and aesthetic-looking properties for a wide range of applications which pulls down the market growth.
Based on product type, the market for roofing tiles is further segmented into clay, ceramic, concrete and other. Based on application, the market for roofing tiles is further segmented into non-residential, residential and industrial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Strong application construction sector drives the market.
Key Market Restraint -
High initial capital Investments restrict the market growth
The global roofing tiles market is consolidated, with few number of global & regional players operating. Some of the key players in the roofing tilesmarket includes Tesla Inc, Standard Industries Inc, Etex, IKO, Wienerberger, Brickworks Limited, Trevis Perkins, and Boral Roofing., Beiyang, and others.
In terms of Geography, the roofing tiles market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output, the North America dominates the roofing tiles market. Due to the rapid increase in demand for the re-roofing of housing buildings in North America is estimated to influence the construction workers to revamp a huge selection of older buildings that have already surpassed their planned lifespan. The market in Europe is anticipated to grow at a high rate during the forecast period due to higher demand for re-roofing in the region. In addition, huge manufacturing base in Europe has led to the market growth. The market for roofing tiles in Asia Pacific is likely to grow at a significant rate due to the high number of construction and manufacturing base in the region. Emerging economies have the highest level of expansion here, with a emphasis on energy efficient buildings. Middle East and Africa are facing impressive growth due to the rise in urban development. Latin America is seeing relatively slow growth due to the influence of tight regulations by the governments and lack of manufacturers available for the roofing tiles market.
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