LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, published a new report on the global roofing material market, which is expected to grow at a CAGR of close to 6% from 2015-2019.
According to the latest report by Technavio, there is rapid growth in construction activity, as, globally, more people live in urban areas than in rural areas. The growth of urbanization is faster in APAC (Asia-Pacific) and Africa than in other regions.
“The construction industry is one of the largest end-user segments in the roofing materials market. Buildings and renovation activities are particularly high in developing countries, which is a potential indicator of rising standards of living,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes green roofing. Green roofing involves covering the roof of a building with vegetation that is planted over a waterproof membrane. Green roofs save on energy used for cooling and heating inside the building and act as insulators by absorbing heat.
“A green roof is more expensive than conventional roofing materials, but it can offset the cost in the long run by saving energy, filtering rainwater runoff, and also has a longer life than other roofing materials,” says Ghaus.
Technavio currently has more than 3,000 market research reports on an extensive range of topics, including:
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Technavio is a leading global research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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