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Global Roofing Industry

Published date: 2020/10/10

September 7, 2020, New York (Global News) announced the release of the “Global Roofing Industry” report COVID-19 pandemic makes it impossible to complete construction Projects, and a large percentage of projects have been put on hold. Temporary resettlement orders, social distancing regulations, and restrictions on logistics and transportation restrict the labor market and supply chain. Several countries including Italy, China, Iran, and India have shut down most industrial production operations, resulting in a sharp decline in the output of various construction materials from steel to cement.

Interruptions, shortages, and rising prices of materials and labor made the completion of projects not only expensive, but also slowed down, leading to more projects being cancelled. This effect is felt throughout the construction value chain, that is, construction equipment leasing companies are facing a trend of rapid revenue evaporating because equipment is idle on idle land, empty roofs, floor manufacturers, and other manufacturing that record a decline in new sales orders Quotient. In Europe, where the pandemic is particularly severe, more than 65% of companies in the long-term shutdown construction ecosystem are severely affected. As normal business activities were still suspended and the delay continued indefinitely, the company began to bleed. As the unemployment rate climbs to an unprecedented high, the recession triggered by the virus is expected to pose a double challenge to the industry. By April 2020, in the United States alone, the unemployment rate will reach 14.8%, which means more than 40 million unemployed. The impact on consumer confidence and disposable income has brought severe news to the residential construction industry, as the intention and ability to purchase new houses will be severely hit. The housing affordability issues of single-family families and the recovery of X suburban or rural life caused by the reverse flow of labor will interrupt the cyclical transition of the above-average precoronavirus in the construction industry. Residential renovations (especially less important luxury updates) have slowed down significantly. As the residential market declines, non-residential construction projects including residential buildings will also decrease. In this context, the global roofing market is expected to decline by -13.1% in 2020, and then reach the revised market size of US$101.9 billion by 2027.

The main growth areas in the post-COVID-19 period will provide hope for roof manufacturers will include low-rise multi-family residential buildings in suburban and rural areas; warehouses and distribution facilities; replanning, alteration, and renovation of existing medical facilities to Prepare for future health emergency preparedness. In the changed outlook for the construction of the corona virus, other factors that will reintegrate to promote long-term growth will include renewed attention to energy-efficient buildings; continuous development of roof research, standard setting and the resulting effervescent technology innovation; and provision of government policy guidance Incentive measures, such as subsidies for the use of energy-saving roofing materials; the potential demand for reflective metal roofing solutions compared with traditional energy sources and heat-absorbing dark pitch roofs; and the increasing commercial value of environmentally friendly roofing solutions, such as recycled metals, A roof made of recycled plastic tiles and recycled wood roofs. As buildings account for more than 45% of global energy consumption, the R&D focus will shift to innovative roof tiles that integrate solar cells and insulated roofs. Increasing air pollution will also make the smog-absorbing titanium dioxide roof the most commercially profitable innovation to deal with air pollution. At the same time, easy installation and excellent sound insulation performance will promote the improvement of ethylene propylene diene terpolymer (epdm). ) Requirements for rubber roof membranes Read the full report:
  I. Introduction, methodology and scope of report.
  II. Executive Summary 1. Market Overview Roofing Types of Roofing Products Asphalt Strip Sheet Metal Roofing Elastomer Roofing Tiles Roofing Shingles Modified Bitumen Plastic Roofing Other Types of Roofing Plank Rock Roofing Roofing and Waterproofing System Liquid Application of Overall Membrane System List Layer roofing felt Polyurethane roofing system roofing material: improve the strength, durability and energy efficiency of residential and non-residential buildings. Demand for roofing products in the residential sector. Market demand for roofing materials by application (%) 2019 Asphalt shingles is still the most popular Welcomed by roofing materials, metal roofing is recognized as Asian economies are leading the growth in the metal tile roof panels

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