According to a new report by Expert Market Research titled, “India Roofing Market Share, Size, Report and Forecast 2024-2032″, the India roofing market size is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the expanding construction activities across residential, commercial, and industrial sectors, the market is expected to grow significantly by 2032.
The growth of the India roofing market is primarily attributed to the rapid urbanisation and the consequent rise in construction activities. The government’s initiatives in infrastructure development, including housing projects, commercial complexes, and industrial facilities, have significantly contributed to the India roofing market growth. Additionally, the increasing population and the growing demand for housing in urban and semi-urban areas have further fuelled the demand for roofing materials.
A notable trend in the Indian roofing market is the shift towards sustainable and energy-efficient roofing materials. With growing environmental awareness and the implementation of green building regulations, there is a rising demand for eco-friendly roofing solutions. This includes materials like solar tiles, green roofing, and recyclable metal roofing, which are gaining popularity due to their environmental benefits and energy efficiency.
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Technological advancements in roofing materials and manufacturing processes have also influenced the India roofing market outlook. Innovations in material composition, such as lightweight and high-strength materials, and advancements in manufacturing techniques have led to the development of more durable, cost-effective, and aesthetically pleasing roofing solutions. These technological improvements are catering to the evolving needs of both residential and commercial customers.
The India roofing market demand is witnessing a surge in the adoption of metal roofing, driven by its numerous advantages such as durability, versatility, and ease of maintenance. Metal roofing, particularly steel and aluminium, is becoming increasingly popular in both residential and industrial applications due to its longevity and resistance to extreme weather conditions.
Additionally, the market is also experiencing significant growth in the demand for bituminous roofing for waterproofing applications, particularly in commercial buildings and infrastructure projects. The waterproofing properties, along with the ease of installation of bituminous roofing, make it a preferred choice in various construction projects.
The competitive landscape of the market is characterised by the presence of both domestic and international players. According to the India roofing market analysis, these companies are engaging in research and development activities to innovate and develop more efficient and durable roofing materials. Strategic partnerships, mergers, and acquisitions are also common as companies aim to expand their market presence and product offerings.
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Market Segmentation
The market can be divided based on material, type, end use, and region.
Market Breakup by Material
• Bituminous
• Tiles
• Metal
• Plastic
• Others
Market Breakup by Type
• Flat Roof
• Slope Roof
Market Breakup by End Use
• Residential
• Commercial
• Industrial
Market Breakup by Region
• North
• East
• West
• South
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India roofing market. Some of the major players explored in the report by Expert Market Research are as follows:
• Tata BlueScope Steel
• JWS Steel, Coated Products Limited
• Everest Industries Limited
• Bansal Roofing Products Limited
• Hindalco Ind Ltd.
• CK Birla Group
• Others
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