Global Roofing Insulation Market: Overview
As energy-efficient buildings attract more attention in the construction industry, the global roofing and insulation market is expected to benefit from this trend. The role that roofing and insulation plays in heat and light management in a building will be a key investment driver. Concurrently, important markets bouncing back from a period of slowdown and higher spends on expensive homes will also contribute to the revenue growth of the roofing and insulation market worldwide. In other emerging markets, consumers with increasingly more income at their disposal are likely to allocate higher budgets to home improvement projects, which will also aid the growth of the global roofing and insulation market.
The report conducts a strategic analysis of the global roofing and insulation market, complete with market size and growth predictions from 2016 through to 2024. A detailed competitive analysis of the top segments (based on type, end user, and application) is the highlight of the report. A detailed cross sectional analysis of the roofing and insulation market contained in the report helps companies see beyond the surface to tap emergent trends and opportunities.
Global Roofing and Insulation Market: Drivers and Restraints
The unmistakable importance being given to incorporating energy-saving features in buildings will stimulate investments in quality roofing and insulation materials. A growing inclination of building owners and managers to obtain green building and energy efficiency certifications will also catapult roofing and insulation materials into a more central role. These factors are expected to act as the most important growth impellers for the global roofing and insulation market. Positive investor sentiment in the commercial buildings sector will be yet another growth booster for the global roofing and insulation market.
However, the cyclical nature of the construction industry – because it is so heavily affected by prevalent economic conditions – will continue to place a drag on the market’s growth. Another challenge that the roofing and insulation market will have to overcome is the general lack of awareness about function-specific insulation and roofing materials in emerging markets. Consumers here tend to use locally available cheap roofing and insulation materials. Overcoming this restraint would require innovative product positioning on the part of roofing and insulation companies to break into markets where local players have a stronghold.
Global Roofing and Insulation Market: Region-wise Outlook
The thriving construction industry in Asia Pacific will prove highly beneficial to the growth of the roofing and insulation market in the region. Besides new construction, home refurbishment and improvement projects have increased in countries such as China, Malaysia, and India. This ups the likelihood of roofing and insulation products being consumed. China is projected to not only emerge as the leading producer of roofing and insulation materials but also a voracious consumer of the same. The demand for insulating materials will show healthy growth in countries that experience extreme weather.
The Middle East will is expected to present high-value opportunities for market players. The roofing and insulation market in Europe and North America is just a few years from maturing. This will spur innovation as companies vie to inject fresh demand in important markets.
Global Roofing and Insulation Market: Competitive Landscape
A vast number of local players dot the competitive landscape of the roofing and insulation market, which has lent it an unmistakably fragmented look. The market, in recent years, has been defined by the emergence of new Chinese companies offering aggressively priced roofing and insulation materials. The report profiles the following companies to assess their current investment and product development interests, their defensive strategies against the competition, and expected future capacity expansion: Waukegan Roofing Co., Lloyd Insulations, Reflectix Inc., GAF, Owens Corning, Fletcher Insulation, and Heritage Roofing.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.