Asphalt Shingles Market Research Report 2019 - 2025

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Asphalt Shingles Market Study by Analysis of
Leading Players over 2019 2025
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• Asphalt Shingles Market Scenario

• Rise in urban population owing to population
  shift from villages towns to metropolitans will
  boost the market for asphalt shingles in roofing
  applications owing to their durability and
  waterproofing characteristics which will foster
  market growth. Asphalt shingles market size from
  residential applications may witness significant
  gains at over 3 by 2025.
• Rise in disposable income nuclear families,
  driven by inclination to buy private property,
  and supportive government initiatives on
  residential construction will stimulate the
  market for asphalt roofing shingles. It has clean
  minimalistic aesthetic properties, available in
  different colors, designs, cuts, and forms,
  further boosting asphalt shingles industry
  demand.
• The demand for high performance laminated
  shingles market demand may surpass USD 1.1
  billion over the forecast timeframe. Increase in
  renovation construction activities driven by
  rising inclination of millennials to have their
  own house in Eastern European economies such as
  Romania, Bulgaria, Slovenia, and Serbia will
  accelerate market growth.

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• High performance laminated asphalt shingles are
  the premium products and are majorly utilized in
  various residential building structures including
  villas, duplexes, town houses and bungalows. They
  are manufactured with a heavier base mat with
  multiple layers which gives them durability,
  aesthetically sophisticated and minimalistic look
  which will increase market share.
• Japan three-tab shingle market demand may
  register significant gains at over 4 by the end
  of forecast period. Rising population along with
  supportive government initiatives in promoting
  research development will boost the market for
  asphalt shingles under institutional
  construction. Increase in funding to physical,
  and biological sciences will increase
  construction of laboratories which will augment
  market growth.
• U.S. high performance laminated shingles market
  demand may witness significant gains at over 3
  during the forecast period. Increasing awareness
  on weatherability and durability characteristics
  in construction owing to volatile climatic
  conditions such as snow, high winds, blizzards,
  cyclones, and high wind will foster regional
  growth. Robust gains in renovation and
  construction activity will boost the sales of
  asphalt shingles in roofing applications owing to
  waterproofing, durability, and economic benefits
  characteristics.

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• Regional Analysis

• UK dimensional asphalt shingles market demand may
  expect consumption at over 5.35 million square
  meters in the foreseeable timeframe. Strict
  regulatory framework by EU regarding green
  sustainable construction activities will boost
  the demand for organic asphalt mat-based
  shingles. Their aesthetic characteristics such as
  light weight, and ability to withstand damp
  conditions will boost market share.

• Competitive Analysis

• Owens Corning, CertainTeed Corporation, TAMKO
  Building Products, IKO Industries, Tarco, GAF
  Materials, IKO Industries, Henry Company, Shibam
  Ventures, and NBP International are the key
  industrial participants in the asphalt shingles
  market. These companies are focusing to widen
  their product line by stringent research to make
  their products compatible to various climatic
  conditions, application type, and within green
  construction regulations to increase geographical
  presence.

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