Global Composite Slate Roofing Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Composite Slate Roofing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global composite slate roofing market report has been segmented on the basis of type, application, and region.

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Global Composite Slate Roofing Market: Overview

Composite slate roofing also called as synthetic slate roofing, an attractive, durable and affordable roofing option to the conventional roofing. Composite slate is manufactured by high-grade recycled plastic, rubber, synthetic & polymer based composite, and other materials. It is available in a wide range of styles, and color with advancements as compare to natural slate roofs. Composite slate products are lightweight which allow it to installed on structures owing to unique properties which helps it to withstand with high wind, fire, and other climatic conditions.

Global Composite Slate Roofing Market: Dynamics

The composite slate roofing market is expected to register a significant growth rate over the forecast period owing to factors such as growing demand for composite slate roofing from construction industry, and low maintenance cost. Development of energy efficient roofs and increasing adoption of eco-friendly materials for roofing of commercial and residential infrastructures, is also expected to propel growth of the global composite slate roofing market during the forecast period.

Increasing focus on R&D activities associated with cost reduction in the installation and innovation in products in order to improve the aesthetics of buildings is anticipated to bolster demand for the composite slate roofing. Recent trend shows that, several companies focusing on producing synthetic roof tiles with the combining recycled plastic and sand to manufacture lightweight and durable roofing products, which can create a lucrative opportunity for growth of the global market.

However, availability of other alternatives roofing products may hamper demand for composite roofing products and restrain growth of the target market during the forecast period.

Global Composite Slate Roofing Market: Segment Analysis

On the basis of type, the target market is segmented into shingles, tiles, and shake. The shingles segment is expected to register significant growth rate in the target market over the forecast period.

By Application, the residential sector segment contributes leading market share and is anticipated to dominate the global market throughout the forecast period.

Composite Slate Roofing Market: Region Analysis

The North America composite slate roofing market is accounts for significant share in terms of revenue, and is projected to maintain its dominance during the forecast period owing to increasing residential construction activities in countries in the region.

Asia Pacific composite slate roofing market is estimated to grow at highest CAGR over the forecast period, owing to increasing adoption in commercial and residential construction sector in countries in the region. Rising awareness regarding advantages of roofing materials, rising infrastructure development activities and renovation projects in the region are other major factors, anticipated to fuel growth of the composite slate roofing market.

The market in Middle East & Africa accounts for moderate share in terms of revenue in the global market and is expected to witness considerable growth over the next 10 years. Countries such as Saudi Arabia and UAE focusing on sustainable practices and promote ecofriendly construction of buildings.

Global Composite Slate Roofing Market Segmentation:

Segmentation by Type:

Shingles
Tiles
Shake

Segmentation by Application:

Residential
Non-Residential