Latin America Roofing Materials Market to be Driven by Rising Construction Activities and Demand for Reflective Coatings in the Forecast Period of 2021-2026
Latin America is an important manufacturing region, with a lot of construction going on, especially in Brazil and Argentina. As local ceiling technologies develop, the roofing materials sector is likely to increase.
The new report by Expert Market Research titled, ‘Latin America Roofing Materials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Latin America roofing materials market, assessing the market based on its segments like type, 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)
- Historical Market Size (2020): USD 5.5 Billion
- Forecast CAGR (2021-2026): 4.5%
- Forecast Market Size (2026): USD 7.2 Billion
Latin America is an important manufacturing region, with a lot of construction going on, especially in Brazil and Argentina. As local ceiling technologies develop, the roofing materials sector is likely to increase. Tiles and shingles are the most utilised roofing materials due to their excellent insulation techniques and low cost. Since of their high strength, shingles and plates are the most used residential ceiling materials because they are exceptionally durable and have a long lifespan. In recent years, the market has grown due to increased demand for certain roofing materials from the residential sector. The most common shingles on the market include wood shingles, shakes, slates, asphalt shingles, asbestos and shingles, monk and nun, imbrex and tegula, Dutch roof, and Mangalore tiles, as well as monk and nun, imbrex and tegula, Dutch roof, and Mangalore tiles.
Industry Definition and Major Segments
Houses and foundations require roof building materials. Roofing materials must meet both technical and financial requirements. Impermeability, temperature tolerance, frost resistance, and low combustibility are examples of technological requirements. Economic requirements include cheap material and installation costs, as well as ease of installation. Chemical and silicate roofing materials are both available. They come in a variety of shapes and sizes, including rolls, mastic, and slices (sheets or slabs).
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Based on type, the market is divided into:
- Asphalt Shingles
- Concrete and Clay Tiles
- Elastomers and Plastic
On the basis of applications, the market is categorised into:
The regions for Latin America roofing materials market include:
The introduction of reflective coatings that may be applied to dark-colored roofing materials is expected to assist the industry. Reflective coatings provide exceptional heat reflection qualities and help buildings use less energy overall. The increased reliability, attractiveness, and convenience of installation associated with these goods are likely to drive rising product demand. As more cutting-edge equipment, such as drones, is employed to inspect roofs, the roof construction process is projected to be revolutionised. Furthermore, over the forecast period, the usage of 3D printing technologies to construct various structural components of roofing systems is predicted to enhance demand for roofing materials.
Key Market Players
The major players in the market are BMI Group, Owens Corning, Etex SA, Megaflex Ltd., Dextra Group, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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