A latest report by Future Market Insights (FMI) has projected the global market to register a low-single digit CAGR throughout the forecast period 2017 to 2022. However, the market is anticipated to experience a sustained expansion on the back of increasing re-roofing and new construction activities resulting from extreme weather conditions. Global sales of asphalt shingles are expected to reach nearly US$ 10,000 Mn in revenues by 2022-end.
Asphalt Shingles Market Research Report, By Type (Heavy laminates, Laminates, Strip), Material (Fiberglass, and Organic), Application (New construction, Renovation/Remodeling) and Region — Global Forecast till 2023
Market Synopsis: Global Asphalt Shingles Market
The moderate growth in the construction sector has been witnessed with the increasing number of new residential building and remodeling/renovation projects owing to the rapid ... Read more
As per a detailed analysis by Market Research Future (MRFR), the global asphalt shingles market can garner USD 8 billion, registering a CAGR of 5.8% during the forecast period (2018-2023). The surging investments in R&D activities and product innovations are considered to offer the market a boost. Asphalt shingles are considered the most common roofing materials which are extensively ... Read more
