The roofing industry is constantly changing, and there are a number of trends that you should be aware of if you’re planning on getting your roof replaced. In this blog post, we’ll take a look at some of the most popular trends in the roofing industry and discuss their implications for the future of the industry. We’ll also provide tips on how to stay ahead of the curve and ensure that you’re making the best decisions for your business. So whether you’re looking to upgrade your roof or start fresh, this blog by clearwater roofing is essential reading.
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The global market size of the roofing industry
The global market size of the roofing industry was estimated to be around USD 100.5 billion in 2016. This market is expected to grow at a CAGR of around 5.5% over the next five years, reaching a value of USD 131.4 billion by 2021. The growth of the roofing industry is mainly due to the increasing demand for energy-efficient and environmentally friendly roofs, as well as the increasing incidence of natural disasters, such as earthquakes and hurricanes. The factors driving this growth are the increased awareness of the importance of environmental protection and sustainability, as well as the growing trend of upgrading existing buildings to improve their energy efficiency.
Future of the roofing market
The roofing market is forecast to grow at a CAGR of 7.9% between 2018 and 2026. This growth is attributed to the increasing awareness of the importance of roofing in the overall architecture and design of buildings, as well as the increasing popularity of green building initiatives. The growing awareness of the importance of roofing also contributes to the increase in demand for roofs that are made from sustainable materials, such as bamboo or fiberglass. With an increased demand for green roofing products, the roofing market is expected to witness higher uptake of innovative roofing technologies, such as solar roofs.
Key Trends Transforming The Roofing Industry
● Eco-friendly Roofing Solutions
In both the industrial sector and the roofing industry, the notion of environmentally friendly activities has now become widely accepted. While eco-friendly roofing alternatives provide significant advantages, roofers must also consider possible downsides that may accompany this technology.
● Synthetic and Silicon-based Materials
The creation of distinct man-made compound-based materials that are lightweight, sturdy, and long-lasting has contributed to fast growth in roofing technology. As a result, synthetic roofing material has seen a tremendous increase in popularity across the globe owing to its advanced and innovative qualities.
Conclusion
Roofing is a constantly evolving industry, and as a result, there are always new trends to watch out for. By keeping up with the latest trends in the roofing industry, you can help ensure that your projects stay on track and meet your expectations. In addition to covering popular trends and news in the roofing industry, this blog also offers tips and advice on how to choose the right roofing material and design for your specific needs. Whether you’re a homeowner looking to install a new roof or an architect or contractor working on a project, this blog is a valuable resource for information and guidance. Thanks for reading!