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The North America roofing market size is forecast to increase by USD 3.64 billion at a CAGR of 2.7% between 2023 and 2028. The market is experiencing significant changes driven by various factors. One notable trend is the increasing preference for sustainable and durable roofing materials, such as plastic and metal roofing sheets. Plastic roofing sheets offer benefits like lightweight, flexibility, and resistance to weather conditions. On the other hand, metal roofing sheets provide excellent durability and energy efficiency. The preference for advanced materials such as corrugated galvanized steel sheets, polyester painted sheets, PVC plastisol, bitumen, sheet metal, and polycarbonate is on the rise. These materials offer superior protection against harsh weather conditions and require minimal maintenance. A key trend influencing the market is the growing trend of constructing skyscrapers and mixed-use developments, which necessitates the use and long-lasting roofing systems.
However, challenges such as the high demand for bitumen coating, low availability of workforce, and rising labor costs due to the COVID-19 outbreak are posing significant challenges to market growth. For instance, asbestos, which was once widely used in asbestos cement sheets, has been linked to lung cancer, mesothelioma, and asbestosis. As a result, the demand for asbestos-containing materials is declining, and their use is being phased out in favor of safer alternatives. Another trend influencing the market is the growing trend of constructing tall buildings and mixed-use developments, leading to a high demand for corrugated roofing sheets. However, the market is also grappling with challenges such as the low availability of skilled labor and rising labor costs due to the COVID-19 outbreak. These factors are increasing the overall cost of roofing projects and putting pressure on roofing companies to find innovative solutions to meet the demand while maintaining profitability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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