Asphalt Shingles Projected To Grow by 2023

The global Asphalt Shingles Market is anticipated to witness moderate growth throughout the forecast period. Increased investment in R&D, and product innovations have been driving the growth of the market. The modern-day shingle designs have been developed to encompass desired features in weight, cost, and environment. Today through advances in manufacturing technology, asphalt shingles are environment friendly, cost-effective, sturdy, and light in weight. However, fluctuation in material prices and unavailability of skilled labor, is expected to hinder the growth of the market.

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North America region, to see a gradual increase in the Asphalt Shingles market over the forecast period

Based on region, the global asphalt shingles market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America region dominated the global market, followed by Europe, primarily due to the climatic conditions, and increasing investments in Research & Development for advanced materials along with stable growth in the private construction market for both new construction and remodelling projects. US is the leading market in North America. Moreover, various benefits of asphalt shingles such as cost-effectiveness, durability, and energy saving capabilities has further enhanced the demand for the same. Browse Complete Report @ https://www.marketresearchfuture.com/reports/asphalt-shingles-market-7172

Scope of the Report

This study provides an overview of the global asphalt shingles market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global asphalt shingles market by material, by type, by Application, and by region.

• By Material

• Fiberglass

• Organic

• By Type

• Heavy laminates

• Laminates

• Strip

• By Application

• New construction

• Renovation/Remodeling

• By Region

• North America

• Asia-Pacific

• Europe

• Rest of the World

Key Players

The prominent players in the Asphalt Shingles market are Owens Corning (US), Certain Teed Corporation (US), IKO Industries, Ltd. (Canada), TAMKO Building Products, Inc. (US), Tarco, Inc. (US), Siplast, Inc. (US), Henry Company LLC (US), Malarkey Roofing Products (Portland), Polyglass U.S.A., Inc. (US), and Atlas Roofing Corporation (US) among others.

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