Flat Roofing Market Demand will reach a value of US$ 52.3 Billion by the year 2031Posted by Kaustubh Ravan on July 19th, 2024 As per TMR's global flat roofing market research report, the market was valued at US$ 30.9 Bn in 2021 and is projected to expand at a CAGR of 5.4% during the forecast period from 2022 to 2031. Flat roofing is typically utilized on commercial structures, such as warehouses, business hubs, departmental shores, and entertainment zones. Rapid industrialization has led to a massive rise in commercial and residential constructions. Flat roofing takes less installation time. It is easy to clean and is the best option for locations with less rainfall. Additionally, flat roofing is an energy-efficient solution. These aspects have made them popular among consumers. These factors are projected to augment flat roofing market growth. Moreover, escalating demand for energy efficient roofing solutions is likely to bolster the flat roofing market during the forecast period. Request for a Sample PDF Report with Latest Industry Insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51918 Flat Roofing Market: Growth Drivers
Key Findings of Flat Roofing Market
Flat Roofing Market: Regional Assessment The market in Asia Pacific is expected to account for major share of the global flat roofing market from 2022 to 2031. The market in the region is likely to grow at a CAGR of 5.7% during the forecast period. Market development in Asia Pacific is driven by growth of the residential sector in developing countries such as India and Indonesia. Furthermore, rise in per capita income is projected to drive the market in the region in the next few years. Flat Roofing Market: Competitive Scenario Several large- and medium-sized companies that operate internationally accounted for majority share of the market in 2021. Leading players are engaging in intensive research & development activities and working on technical advancements to increase market share. Consequently, M&A, financial restructuring & investments, and capacity development are likely to augment market development. Prominent companies in the flat roofing market are:
Flat Roofing Market: Segmentation By Type
By Thickness
By End-use
By Region
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