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DUBLIN, June 9, 2023 (GLOBE NEWSWIRE) — The Asphalt Shingle Market: Trends, Opportunities and Competitive Analysis 2023-2028 report has been added ResearchAndMarkets.com Offer.
The future of the global asphalt shingle market looks bright with opportunities in the residential and commercial sectors. The global asphalt shingle market is expected to reach an estimated US$7.7 billion by 2028, growing at a CAGR of 3% from 2023 to 2028.
The main drivers for this market are the increasing demand for roofing materials as well as affordable prices and green real estate and the supporting government initiative to build smart cities.
Asphalt Shingles Market by Segment
The study provides forecast for the global asphalt shingles market by product, application and region as follows:
Asphalt Shingles Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
Asphalt Shingles Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Asphalt Shingles Market by Regions [Value ($B) Shipment Analysis from 2017 to 2028]:
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North America
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Europe
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Asia Pacific
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The rest of the world
List of Asphalt Shingles companies
Companies in the market compete based on the quality of the product they offer. The key players in this market are focused on expanding their production facilities, investing in R&D, developing infrastructure and embracing integration opportunities along the value chain. With these strategies, asphalt shingle companies respond to increasing demand, ensure competitiveness, develop innovative products and technologies, reduce production costs and expand their customer base. Asphalt Shingles companies featured in this report include:
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GAF Materials
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Owens Corning
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Definitely Teed
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Atlas roofs
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IKO group
Asphalt Shingles Market Insights
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The analyst predicts that laminate will remain the largest segment over the forecast period as it is an upgraded version of the standard 3 rib shingle that features an additional layer under the bottom half making it stronger and more advanced.
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Residential is expected to remain the largest segment due to rapid urbanization, growing consumer disposable income and increasing construction of residential apartments, condominium complexes and small houses.
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North America will remain the largest region due to continued growth in the housing sector and supportive government funding for social infrastructure development in the region.
The story goes on
Characteristics of the Asphalt Shingles market
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Market Size Estimates: Asphalt Shingles Market Size Estimate in terms of Value ($B)
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Trend and Forecast Analysis: Market Trends (2017-2022) and Forecast (2023-2028) by different segments and regions.
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Segmentation Analysis : Asphalt Shingles Market size by various Segments eg. B. by product, application and region
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Regional Analysis: Breakdown of the Asphalt Shingles Market into North America, Europe, Asia Pacific and the Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in various products, applications and regions for the Asphalt Shingles Market.
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Strategic Analysis: Includes mergers and acquisitions, new product development, and the competitive landscape for the Asphalt Shingle Market.
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Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions
F.1. What are some of the most promising and high-growth asphalt shingle market opportunities by product (high-performance laminated, laminated, and tri-ply shingles), application (residential and commercial), and region (North America, Europe, Asia Pacific). , and the rest of the world)?
F.2. Which segments will grow faster and why?
F.3. Which region will grow faster and why?
F.4. What are the key factors affecting market dynamics? What are the biggest challenges and business risks in this market?
F.5. What are the business risks and competitive threats in this market?
F.6. What are the emerging trends in this market and the reasons behind them?
F.7. What are some of the changing demands of customers in the market?
F.8. What are the new developments in the market? Which companies are leading these developments?
F.9. Who are the major players in this market? What strategic initiatives are the key players pursuing for business growth?
Q.10. What competing products are there on this market and how great is the risk of losing market share through material or product substitution?
Q.11. What M&A activities took place in the last 5 years and what impact did they have on the industry?
For more information about this report, visit https://www.researchandmarkets.com/r/6d95dd
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