Philippines Roofing Market Latest Advancement and Global Outlook 2021 - Alpha Pro Steel Makers, BP Canada, Colorsteel Systems Corporation, DN Steel

Philippines Roofing Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The roofing market in the Philippines is expected to register a CAGR of 7.21%, during the forecast period (2019-2024).

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Alpha Pro Steel Makers, BP Canada, Colorsteel Systems Corporation, DN Steel, FEROOF Co. Ltd, Fletcher Building Roof Tile Group, Jacinto Color Steel Inc., Marusugi Co. Ltd, Metalink, Onduline, Philsteel Holdings Corporation, Puyat Steel Corporation, Sanlex Roofmaster Center Co. Inc., Sheehan Inc., Terral, Union Galvasteel Corporation, Wienerberger AG

Market Overview-

Major factor driving the market studied is the huge growth in the construction of government and private residential building. Moreover, the growth in private, non-residential construction is also expected to contribute to the growth of the market studied. The trend of adopting green buildings is likely to accelerate the growth of the roofing market in the country.

- The residential sector dominated the roofing market in the Philippines, in 2018, and is expected to grow during the forecast period, owing to the growing construction activities in the country.
- Ongoing and upcoming infrastructure projects and growing prominence for solar rooftop installations are likely to act as opportunities in the future.

Scope of the Report

As per the scope of this report, Roofing is defined as the branch of biotechnology where genomic information is used to study the effect of drugs on an individual, thus, providing accurate insights in making clinical decisions and further determining the most effective way of treatment by varying the dosages of drugs. The field of Roofing is predicted to treat a wide range of health problems, including cardiovascular diseases, Alzheimer'a disease, cancer, HIV/AIDS, and asthma, in the near future.

Key Market Trends-

Metal Roofing to Dominate the Market

- Metal roofing is the most popular option for residential roofs in the Philippines. The largest metal roofing sheet is the most consolidated type of metal roofing, while the smallest wedge panels have been developed in the recent decades, to simulate the appearance of tiles and slates.
- Metal roofings life expectancy is more than thrice the durability of asphalt shingles, and warranties vary widely. However, the most companies back their products for 20 to 50 years.
- Metal roofing is also highly customizable. There are varieties of metal roofing designs, along with various lengths, widths, and thicknesses, which can contribute to the uniqueness of the house. Apart from these advantages of metal roof, it is also energy-efficient and affordable.
- Most of the metal roofing materials can be installed on gently pitched roofs without leaking, where minimum roof pitch typically is 3-in-12 (the roof rises 3 inches for each horizontal foot).
- Therefore, the metal roofing market in the Philippines is expected to grow at a high rate, during the forecast period.

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Residential Construction to Dominate the Market

- Residential construction accounted for the largest share in the market studied, in 2018. The three most common types of roofing for traditional residential houses in the Philippines are asphalt, wood (cedar), and metal.
- In the residential segment, single-type houses contributed a major share, with 84.6% or 25,254, out of all the residential constructions.
- Single-type and duplex/quadruple-type houses are almostthe only consumers for roofing materials, while apartments with penthouses can be of very least significance in creating the demand for roofing materials.
- These growth trends are anticipated to boost the roofing market in the Philippines, over the forecast period.

Major points covered in this research are:-

─Roofing Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers

─Philippines Market Size (Value) of Roofing (2019-2024)

─Philippines Roofing Capacity, Production, Revenue (Value), Supply (Production), ─Consumption, Export, Import by Region (2019-2015)

─Philippines Roofing Production, Revenue (Value), Price Trend by Type

─Philippines Roofing Market Analysis by Application

─Philippines Roofing Manufacturers Profiles/Analysis

─Roofing Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Philippines Roofing Market Forecast (2019-2024)

─Competitive Landscape

─Research Findings and Conclusion

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Finally, this Roofing report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Roofing product development and gives an outline of the potential Philippines market.

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Irfan Tamboli (Sales)

Phone: + 1704 266 3234

Mob: +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.