Global Roofing Panels Market 2017-2021

Overview of the global roofing panels market

Market research analysts at Technavio predict that the global roofing panels market will grow steadily during the next four years and post a CAGR of over 5% by 2021. This market research analysis identifies the increasing adoption of energy-efficient products as one of the primary growth factors for this market. The use of cool roof technologies is increasing due to the rising energy costs and concerns regarding carbon emissions. Many organizations including the US Department of Energy and US Environmental Protection Agency and the Cool Roof Rating Council certify the effectiveness of roofs to reduce cooling costs. Additionally, governments of various countries have also started encouraging the use of solar roofing systems that use photovoltaic cells to convert solar energy into electricity.

One of the latest trends that will gain traction in the roofing panels market during the next few years is the adoption of insulated sandwich roof panels. Sandwich panels are one-step solutions to insulation and weather tightness. Since sandwich panels provide improved thermal insulation, weather protection, and eliminate interstitial condensation and cold bridging, the coming years will witness an increasing demand for insulated roofing panels from the contractors for constructing ceilings or walls.

Competitive landscape and key vendors