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The roofing market is witnessing considerable expansion as a result of the expanding construction industry and the continuous recovery of old structures in many countries. The market is expected to increase due to an increasing demand for modern hospitals, medical facilities, and senior living complexes to fulfil the demands of an ageing population and a booming industrial sector. The roofing market is likely to benefit from an increase in demand for ecologically friendly roofing materials. Metal roofing applications are expected to benefit from an increase in the repair and refurbishment of older buildings. New innovations like green and eco-friendly roofing are also gaining popularity. The emerging green building concept is increasing public awareness about climate change, which catalyzes the demand for roofing that provide excellent atmospheric resistance. New and emerging technologies, such as green roofing, increase in roof life and safety, improved air quality, and reduced noise and cost of air-conditioning help to aid the growth of the roofing market. The introduction of advanced technologies results in aesthetic improvement, which is expected to strengthen the roofing market in the future.
Various companies are introducing new aspects in the roofing industry due to increasing commercial activities. Companies are expected to improve their standing in the roofing market by developing new products and offering competitive pricing. For example, Carlisle Companies Incorporated (NYSE: CSL) stated in June 2021 that it is building on its sixth TPO manufacturing line, which would create the commercial roofing industry's first 16-foot-wide TPO membranes had commenced. The new line, which will be based in Carlisle, Pennsylvania, will boost CCM's industry-leading manufacturing capacity by offering the widest TPO sheets on the market. The new TPO line will support organic growth initiatives while also creating jobs for the city of Carlisle and surrounding communities, as part of Carlisle's Vision 2025 strategy to invest in high-returning enterprises. Early in 2022, the new line will commence production.
Market Analysis by Type, Roof Type, Application, and Regions:
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The major players in the United States Roofing market are Carlisle Companies, Owens Corning, GAF Materials LLC, TAMKO Building Products LLC, Saint-Gobain, Atlas Roofing Corporation, and Duro-Last, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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