Latin America Roofing Market to be Driven by Growing Construction Sector in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Latin America Roofing Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Latin America roofing market, assessing the market based on its segments like type, roof shape, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

The growth of the roofing market is fuelled by the building industry, rapid urbanisation, and technological advancements. Furthermore, technical advancements such as green roofing, environmentally sound roofing materials, and roof inspection drones have raised demand for roofing products. The high construction cost of roofing systems, on the other hand, is expected to stifle the roofing market’s expansion. Due to the popularity of eco-friendly roofing technology and increased investments in the real-estate market, the residential segment is projected to rise the most. The rise in income levels, rapid urbanisation and industrialization, and increased government effort to invest in infrastructure development are all factors contributing to this acceleration.

Roofing: Industry Definition and Major Segments

The process of applying an external covering to a building’s roof is known as roofing. It is possible for the exterior coating to be self-supporting or to be sustained by systems under it. Tiles are one of the most common types of product, particularly as customers and developers become more concerned about the environment. Clay and concrete tiles are particularly popular because they are long-lasting and have a demonstrated beneficial effect on the climate.

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The type of the product can be divided into the following:

Bitunumous
Metal
Tiles
Green Roof
Wood Shingles
Others

The roof shape can be categorised into the following:

Flat
Slope

The applications can be listed as follows:

Residential
Commercial
Industrial

Based on regional industry, the market can be divided into the following:

Brazil
Argentina
Mexico
Others

Market Trends

The growth of the roofing industry has been driven by the roofing industry. Rapid urbanisation in developing markets has boosted the construction industry’s expansion, which in turn has boosted demand growth. There has been an increase in demand for new energy-efficient technologies such as green roofing, which eliminates power waste by reducing air conditioning use over time while also enhancing air quality and extending the roof’s life cycle, boosting the demand further. Furthermore, programmes focusing on energy-efficient measures, such as renovating existing buildings and replacing old roofs with new ones, are propelling the roofing industry forward. Due to evolving habits and growing urbanisation in Latin America, the construction of commercial buildings such as multiplexes and retail malls has aided business growth.

Key Market Players

The major players in the market are Owens Corning, Etex SA, Atlas Roofing Corporation, and Dextra Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.