Asphalt Shingles Market is slated to witness a renewed momentum over 2019 - 2025
Category: #business  By Partha Ray  Date: 2019-09-12
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Asphalt Shingles Market is slated to witness a renewed momentum over 2019 - 2025

Rapid surge in urban migration and the subsequent growth of residential complexes is estimated to drive asphalt shingles market in coming years. Seeking better financial growth opportunities, a large chunk of the world’s rural population is increasingly migrating to urban areas, especially metropolitan cities. This population shift is creating immense demand for the global construction sector, especially the residential segment, fueling asphalt shingles market share.

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U.S. asphalt shingles market is anticipated to witness significant business growth over the study period. The use of these materials in housing development projects such as tract houses and in tandem with the material’s demand in maintenance and reinstallation activities will foster market growth through 2025. In terms of revenue, a research report by Global Market Insights, Inc., estimates the worldwide asphalt shingles market share to surpass annual remunerations of $9.5 billion by 2025.

Asphalt Shingles Market by Product Analysis:

Product segmentation: The report claims that the product landscape of the Asphalt Shingles is subdivided into –

  • Dimensional Shingles
  • High Performance Laminated Shingles
  • Three-Tab Shingles
  • Other Shingles

Important pointers encompassed pertaining to the Product spectrum:

  • The report encompasses major details about the Product spectrum.
  • The target valuation that each of the sub-segments of the Product landscape will procure by the end of the anticipate period are mentioned in the report.
  • The market share that these sub-segments held are also entailed in the study.
  • The global trends that define the Product landscape are discussed in the report.

The asphalt shingles recycling trend is slated to witness a renewed momentum in the coming years. As per reliable studies, recycled asphalt shingles (RAS) used in hot-mix asphalt to pave roads helps to enhance the pavement’s performance by lowering instances of cracking and rutting. The benefits associated with the recycling of these materials will further fuel the asphalt shingles market expansion.

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Use of old asphalt shingles in manufacturing new roofing solutions also curtails environmental concerns as more than 20% of recycled products can be used to create new products without adversely impacting production while facilitating substantial energy savings. The accelerating growth rate of asphalt-based roofing underlayment market aptly proves the aforesaid.

The global asphalt shingles industry capitalizes on the migration trend to bring in business growth. In fact, the ideal growth conditions of asphalt shingles market go hand-in-hand with the unique housing demands created by urban migration. According to Sentry Roof Services, LLC., asphalt shingles are extremely affordable and do not require any major preparatory work or additional structural support to be installed; further increasing their affordability.

Global asphalt shingles market share is highly consolidated with majority of the market players located in the U.S. offering wide range of product verities across the globe. Key market players operating in the industry are: Owens Corning, CertainTeed Corporation, GAF, TAMKO, IKO.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/asphalt-shingles-market           

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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