Composite Slate Roof Tiles Market 2020 Global Industry Analysis by Size, Trends, Share, Growth, Competitive Landscape, And Regional Forecast to 2023

Global Composite Slate Roof Tiles Market Research Report 2020 is a comprehensive business study on the current state of industry which analyses innovative strategies for business growth and describes important factors such as top manufacturers, production value, key regions, growth rate. | Composite Slate Roofing Market

The composite slate roofing market 2020 is prognosticated to attain a healthy valuation in terms of revenue. In a composite slate roofing, at least two surface made from different materials is combined. Durability of the product is likely to drive the growth of the market in the near future. In an observation offered by Market Research Future (MRFR), the global composite slate roofing market is projected to register 2.90% CAGR over the prognosis period 2017 to 2023. The valuation of the market is projected to reach USD 3438.1 Mn by the close of the assessment period.

Key players are innovating their product portfolio to sustain the curve. Composite slate roofing is being manufactured that contains fire retardant and UV inhibitors. These products offer extra protection which is anticipated to drive the growth rate of the composite slate roofing market in the foreseeable future. Urbanization has further pushed the demand for the product in recent years. This trend is assumed to continue in the upcoming years. Furthermore, industrialization in developing regions is also anticipated to generate demand for the product and augment the composite slate roofing market. Increasing population suggests a steady growth trajectory for the market. However, the availability of high-performance and low maintenance alternatives is projected to restrict expansion of the composite slate roofing market in the nearing years.

At what CAGR is the composite slate roofing market projected to grow during the forecast period?

Composite slate roofing market is projected to grow at a 2.90% CAGR between 2017-2023.

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Competitive Dashboard

  • DaVinci Roofscapes, LLC (U.S.)
  • CertainTeed Corporation (U.S.)
  • Ply Gem Roofing (U.S.)
  • Enviroshake Quality Engineered Roofing (Canada)
  • Moderne Slate Roofing Systems (U.S.)
  • EcoStar LLC. (U.S.)
  • Baker Roofing Company (U.S.)
  • Inspire Roofing Products (U.S.)
  • Colorado Roofing Contractors, LLC (U.S.)
  • Brava Roof Tile (U.S.) 

Are the key participants of the composite slate roofing market.  These players are innovating product lines to align themselves with ongoing industry trends. It is assumed to intensify competition among the participants of the market. Some of the growth strategies that can be witnessed in the market place are collaborations, agreements, mergers & acquisitions, partnerships, and alliances, among others. The composite slate roofing market is characterized by the presence of international and regional players. These players are trying to expand their footholds and the market is also anticipated to observe the entry of new participants.

Market Segmentation

On the basis of type, the composite slate roofing market has been segmented into tiles, shingles, and shakes. Among these, the shingles segment accounted for 67.42% share of the market in 2016. Also, it is expected to strike the highest growth rate of 4.23% over the forecast period.

On the basis of application, the composite slate roofing market has been segmented into residential and non-residential. Among these, residential segment is projected to dominate the growth of the market. It is anticipated to lead the expansion due to rising population coupled with rapid urbanization. Developing nations are anticipated to exhibit more growth potential n the foreseeable future.

Regional Analysis

The geographical evaluation of the global composite slate roofing market is covered to present a detailed analysis. The regional segments covered in this report are as follows – North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). All these segments are then analyzed on the basis of countries. Asia Pacific is the largest segment based on region. Rising population of the region has been observed to lead a demand growth in the construction industry. It is expected to drive the growth of the composite slate roofing market in the upcoming years. Industrialization is also poised to uncover new growth potential over the next few years. This regional segment was valued at USD 1136.6 Mn in 2016 and is projected to register 4.82% CAGR. Europe is also projected to attain a decent value reflecting a CAGR of 4.02% over the prognosis period.

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List Of Table

TABLE 1 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (USD MILLION) 28

TABLE 2 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (MILLION SQ. MTRS.) 28

TABLE 3 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 31

TABLE 4 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (MILLION SQ.MTRS.) 31

TABLE 5 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 35

TABLE 6 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY COUNTRY, 2015-2023 (MILLION SQ.MTRS.) 36

TABLE 7 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (USD MILLION) 36

TABLE 8 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (MILLION SQ.MTRS.) 37

TABLE 9 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 37

TABLE 10 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (MILLION SQ.MTRS.) 38

TABLE 11 CHINA: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (USD MILLION) 39

TABLE 12 CHINA: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (MILLION SQ.MTRS.) 39

TABLE 13 CHINA: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 40

TABLE 14 CHINA: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2015-2023 (MILLION SQ.MTRS.) 41

TABLE 15 JAPAN: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2015-2023 (USD MILLION) 41

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List Of Figure

FIGURE 1 RESEARCH PROCESS OF MRFR 17

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19

FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL COMPOSITE SLATE ROOFING MARKET 21

FIGURE 4 ANNUAL VALUE OF PRIVATE CONSTRUCTION IN U.S., 2010-2011 (USD MILLION) 22

FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL COMPOSITE SLATE ROOFING MARKET 24

FIGURE 6 VALUE CHAIN ANALYSIS OF GLOBAL COMPOSITE SLATE ROOFING MARKET 26

FIGURE 7 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY TYPE, 2016 (%) 28

FIGURE 8 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2016 (%) 31

FIGURE 9 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY REGION, 2015-2023 (USD MILLION) 34

FIGURE 10 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY REGION, 2015-2023 (USD MILLION) 35

FIGURE 11 GLOBAL COMPOSITE SLATE ROOFING MARKET, BY REGION, 2015-2023 (MILLION SQ.MTRS.) 35

FIGURE 12 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 36

FIGURE 13 ASIA-PACIFIC: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2016 (%) 38

FIGURE 14 CHINA: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2016 (%) 41

FIGURE 15 JAPAN: GLOBAL COMPOSITE SLATE ROOFING MARKET, BY APPLICATION, 2016 (%) 43

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