HeimAdvanced Materialsasphalt shingle market
Report ID:14541|Release date of:January 2023|Number of pages:202|Base year for estimation:2021|Format: 
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- Description
- Index
- methodology
- COVID-19 impact analysis
Asphalt shingles market size and forecast
The market size of asphalt shingles was estimated at US$6,611.28 million in 2021 and is expected to be achievedUS$ 8,245.76 million by 2030,grows into aCAGR of 2.80% from 2023 to 2030.
Increased growth in new residential building construction would increase the size of the market primarily for single-family residential systems. Asphalt shingles are easy to care for, inexpensive and very robust. Special tiles are manufactured to imitate products such as cedar, redwood, slate, southern oak or tile, ensuring more benefits than these products. These characteristics will promote market growth. The global Asphalt Shinings market report offers a holistic assessment of the market. The report provides a comprehensive analysis of key segments, trends, drivers, constraints, competitive landscape and factors that play essential roles in the market.
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What is asphalt tile?
A type of wall or roof tile known as asphalt shingle uses asphalt to seal out water. It is one of the most popular roofing materials in North America because of its low initial cost and ease of installation. Asphalt shingles are made from two different types of base materials: organic and fiberglass. Both are similar in construction: an asphalt-saturated subgrade is paved with asphalt or modified asphalt on one or both sides, the exposed surface is impregnated with slate, slate, quartz, stoneware, stone or ceramic granules, and the underside is treated. with sand, talc or mica to prevent the tiles from sticking together before use.
A wide range of roofing materials are available on the market, depending on economic, aesthetic, performance and structural requirements. Roof constructions have become architectural hallmarks in recent years. These transformations offered designs that were affordable, structurally sound, and aesthetically pleasing, as well as being environmentally friendly. In this highly competitive roofing market, asphalt shingles are the preferred choice for consumers.
Asphalt shingles provide adequate aesthetics and protection at a fraction of the cost of other roofing systems, although they are not as durable and strong as more expensive roofing materials such as clay tile, slate, metal and cedar. Because of this, many homeowners are now choosing asphalt shingles for their roofs. The demand for asphalt shingles will increase in the near future due to the expected increase in investment in residential construction.
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Overview of the global asphalt shingles market
The development of the global asphalt shingle market is mainly driven by the expansion of the construction industry across the world. Due to the rapid urbanization of the region, construction investments are expected to increase during the forecast period. Increasingly, asphalt shingles are used in combination with various elements such as leak barriers, ventilation, and breathable membranes to keep out moisture from rain and ice buildup from snow. As a result, the significant improvement in the durability and weather resistance of asphalt shingles is expected to go a long way towards increasing their use and ultimately boosting the market during the projection period. However, the fluctuating costs of polymers could slow the industry's expansion.
The asphalt shingle market is characterized by high brand loyalty and established, long-term relationships between producers and owners. As a result, industry leaders in asphalt shingle manufacturing are focused on increasing their brand awareness through product differentiation and offering higher quality standards than their competitors.
To gain a competitive edge, key market players are now focusing on implementing business strategies to develop sophisticated and innovative product development techniques, have a thorough understanding of customers and the market, and adopt an established production process.
Global Asphalt Tiles Market: Segmentation Analysis
The global asphalt shingles market is segmented by product, application and geography.
Asphalt Tiles Market by Product
• High performance laminate
• Laminate
• Three tabs
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On the basis of product, the market is divided into laminates, three-flap and heavy laminates. Laminated tiles accounted for the largest market share in 2020. Laminated tiles are an improved and stronger version of a standard 3-flap tile. It also has an extra layer under the bottom half.
Asphalt Tiles Market by Application
• Residential
• Announcement
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Based on application, the global asphalt shingles market has been segmented into residential and commercial. Residential buildings accounted for the largest market share in 2020. The residential construction segment includes residential buildings, apartments, developments and small houses. Innovations in product variants that utilize advanced technology to enable hassle-free installation of asphalt shingles and insulation systems are also projected to drive market growth in the residential applications segment during the forecast period.
Asphalt shingle market by geography
• North America
• Europa
• Asia Pacific
• Rest of the world
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Based on geographic analysis, the global asphalt shingles market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to hold the largest share of the asphalt shingles market during the forecast period, followed by Europe. This increase in market growth is due to rising demand from the real estate sector, the strongly developed building insulation industry and government initiatives to expand social infrastructure.
key figures
The Global Asphalt Tiles market study report provides valuable information focused on the global market. The main players in the market areGAF Materials, Owens Corning, CertainTeed, Atlas Roofing, IKO Group, Malarkey Roofing, PABCO, TAMKO Building Products, Polyglass USA.The competitive landscape section also includes key development strategies, market shares and market ranking analysis of the above players across the world.
Important Developments
• August 2020: Owens Corning announced a new product line: FOAMULAR NGX (Next Generation Extruded). The proprietary blowing agent in this new line of extruded polystyrene foam (XPS) offers a 90% reduction in global warming potential (GWP) without sacrificing product performance.
• In October 2020: IKO announced that it had entered into an agreement in which it intends to acquire Axter's waterproofing membrane business from the SMAC Group. The acquisition of AXTER's waterproofing membrane business will complement its leading position in the European waterproofing and insulation market.
Ace-Matrix-Analyse
The Ace Matrix provided in the report would help in understanding the performance of the major key players in this industry as we rank these companies based on various factors such as features and service innovation, scalability, service innovation, industry coverage, industry reach, and growth roadmap. Based on these factors, we categorize companies into four categories: Active, Frontrunner, Emerging, and Innovative.
market attractiveness
The image of market attractiveness provided would further aid in acquiring information about the leading region in the global asphalt shingles market. We cover the key influencers responsible for industry growth in each region.
Porter's Five Powers
The image provided would also help provide insight into Porter's Five Forces Framework, which provides a model for understanding competitor behavior and a player's strategic positioning in a given industry. Porter's Five Forces model can be used to assess the competitive landscape in the global Asphalt Roof market, measure the attractiveness of a specific sector and evaluate investment opportunities.
report scope
| MESSAGE ATTRIBUTE | DETAILS |
|---|---|
| DURATION OF THE STUDY | 2018-2030 |
| WHAT IS THE BASE | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL TIME | 2018-2020 |
| UNIT | Value (millions of dollars) |
| IMPORTANT COMPANIES NO PROFILE | Materiais GAF, Owens Corning, CertainTeed, Atlas Roofing, IKO Group, Malarkey Roofing, PABCO, TAMKO Building Products, Polyglass USA |
| SEGMENTS COVERED | • By product |
| ADJUSTMENT SCOPE | Free report customization (up to 4 analyst business days worth) with purchase. Adding or changing country, region, and segment scope |
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• Qualitative and quantitative analysis of the market based on a segmentation that includes economic and non-economic factors
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• Analysis by geography, which highlights the consumption of the product/service in the region and indicates the factors that affect the market in each region
• Competitive landscape, which includes the market rankings of the main players along with new service/product launches, partnerships, business expansions and acquisitions of the companies profiled in the last five years
• Extensive company profiles with company overview, company insights, product benchmarking and SWOT analysis for key market players
• The industry's current and future market outlook in relation to recent developments that include growth opportunities and drivers, as well as challenges and constraints in emerging and developed regions
• Includes in-depth market analysis from multiple perspectives through Porter's Five Forces Analysis
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• Dynamic market scenario coupled with market growth opportunities in the coming years
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common questions
The asphalt shingles market was valued at US$6,611.28 million in 2021 and is projected to reach US$8,245.76 million by 2030, growing at a CAGR of 2.80% from 2023 to 2030.
What are the key factors driving the global Asphalt Shingles market?
The development of the global asphalt shingle market is mainly driven by the expansion of the construction industry across the world.
Who are the key vendors in Asphalt Shingles market space?
Die Hauptakteure sind GAF Materials, Owens Corning, CertainTeed, Atlas Roofing, IKO Group, Malarkey Roofing, PABCO, TAMKO Building Products, Polyglass USA.
Which segments are covered by Asphalt Shingles market?
The global asphalt shingles market is segmented by product, application and geography.
How can I get examples of company reports/profiles for the asphalt shingles market?
Asphalt Tiles Market sample report is available upon request on the website. Also, 24*7 chat support and direct call services are provided to get the sample report.
1. INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH SCHEDULE
1.4 ASSUMPTIONS
1.5 RESTRICTIONS
2 RESEARCH METHOD
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 ADVICE FROM EXPERTS ON THE SUBJECT
2.5 QUALITY CONTROL
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH PROCESS
2.11 DATA SOURCES
3 SUMMARY
3.1 MARKET OVERVIEW
3.2 GEOGRAPHICAL ANALYSIS OF THE GLOBAL ASPHALT TILES MARKET (CAGR%)
3.3 WORLD ASPHALT TILE MARKET, BY PRODUCT (USD MILLION)
3.4 WORLD ASPHALT TILE MARKET, BY APPLICATION (USD MILLION)
3.5 FUTURE MARKET OPPORTUNITIES
3.6 GLOBAL MARKET DIVISION
4 MARKET OUTLOOK
4.1 GLOBAL ASPHALT TILE MARKET OUTLOOK
4.2 MARKET DRIVERS
4.2.1 GROWTH IN THE CONSTRUCTION INDUSTRY
4.2.2 TECHNOLOGICAL ADVANCES IN THE MANUFACTURE OF ASPHALT TILES
4.3 MARKET RESTRICTIONS
4.3.1 VOLATILITY IN GOODS PRICES
4.4 MARKET OPPORTUNITIES
4.4.1 GROWING ADOPTION OF MODULAR BUILDING TECHNOLOGY
4.5 EFFECTS OF COVID-19 ON THE ASPHALT TILE MARKET
5 MARKET BY PRODUCT
5.1 OVERVIEW
5.2 LAMINATE
5.3 THREE TABS
5.4 HIGH PERFORMANCE LAMINATE
6 MARKET BY APPLICATION
6.1 OVERVIEW
6.2 RESIDENTIAL BUILDINGS
6.3 COMMERCIAL
7 MARKETS BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 USA
7.2.2 CANADA
7.2.3 MEXICO
7.3 EUROPA
7.3.1 DEUTSCHLAND
7.3.2 FRANCE
7.3.3 United Kingdom
7.3.4 REST FROM EUROPE
7.4 ASIA-PACIFIC
7.4.1 JAPAN
7.4.2 CHINA
7.4.3 SE
7.4.4 REST OF ASIA-PACIFIC
7.5 LINES
7.5.1 MIDDLE EAST AND AFRICA
7.5.2 LATIN AMERICA
8 COMPETITIVE SCENARIO
8.1 OVERVIEW
8.2 COMPETITION SCENARIO
8.3 CORPORATE MARKET RANKING ANALYSIS
8.4 MAIN DEVELOPMENTS
9 COMPANY PROFILES
9.1 OWENS CORNING
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY INSIGHTS
9.1.3 DIVISION OF SEGMENTS
9.1.4 PRODUCT BENCHMARKING
9.1.5 SWOT ANALYSIS
9.2 GAF MATERIALS
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY INSIGHTS
9.2.3 PRODUCT BENCHMARKING
9.2.4 SWOT ANALYSIS
9.3 GRUPO IKO
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY INSIGHTS
9.3.3 PRODUCT BENCHMARKING
9.3.4 MAIN DEVELOPMENTS
9.3.5 SWOT ANALYSIS
9.4 RIGHT
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY INSIGHTS
9.4.3 PRODUCT BENCHMARKING
9.4.4 KEY DEVELOPMENT
9.4.5 SWOT ANALYSIS
9.5 ATLASDACHABDECKUNG
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY INSIGHTS
9.5.3 PRODUCT BENCHMARKING
9.5.4 MAIN DEVELOPMENTS
9.5.5 SWOT ANALYSIS
9.6 HERBERT MALARKEY UMBRELLA COMPANY
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY INSIGHTS
9.6.3 PRODUCT BENCHMARKING
9.6.1 SWOT ANALYSIS
9.7 PABCO
9.7.1 COMPANY OVERVIEW
9.7.2 COMPANY INSIGHTS
9.7.3 PRODUCT BENCHMARKING
9.7.4 SWOT ANALYSIS
9.8 TAMKO CONSTRUCTION PRODUCTS
9.8.1 COMPANY OVERVIEW
9.8.2 COMPANY INSIGHTS
9.8.3 PRODUCT BENCHMARKING
9.8.4 SWOT ANALYSIS
9.8.5 COMPANY OVERVIEW
9.8.6 COMPANY INSIGHTS
9.8.7 PRODUCT BENCHMARKING
9.8.8 SWOT ANALYSIS
9.9 TARCO
9.9.1 COMPANY OVERVIEW
9.9.2 COMPANY INSIGHTS
9.9.3 PRODUCT BENCHMARKING
9.9.4 SWOT ANALYSIS
9.10 HENRY COMPANY
9.10.1 COMPANY OVERVIEW
9.10.2 COMPANY INSIGHTS
9.10.3 PRODUCT BENCHMARKING
9.10.4 MAIN DEVELOPMENTS
9.10.5 SWOT ANALYSIS
9.11
9.11.1 COMPANY OVERVIEW
9.11.2 COMPANY INSIGHTS
9.11.3 PRODUCT BENCHMARKING
9.11.4 SWOT ANALYSIS
LIST OF TABLES
TABLE 1 GLOBAL ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 2 WORLD ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 3 WORLD ASPHALT TILE MARKET, BY GEOGRAPHY, 2020-2028 (USD MILLION)
TABLE 4 ASPHALT TILE MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2028 (USD MILLION)
TABLE 5 ASPHALT TILE MARKET IN NORTH AMERICA, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 6 NORTH AMERICAN ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 7 US ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 8 US ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 9 CANADA ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 10 CANADA ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 11 MEXICO ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 12 MEXICO ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 13 EUROPEAN MARKET FOR ASPHALT TILES BY COUNTRY, 2020-2028 (USD MILLION)
TABLE 14 ASPHALT TILE MARKET IN EUROPE, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 15 EUROPEAN ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 16 GERMANY ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 17 GERMANY ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 18 ASPHALT TILE MARKET IN FRANCE, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 19 ASPHALT TILE MARKET IN FRANCE, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 20 UK ASPHALT TILE MARKET BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 21 UNITED KINGDOM ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 22 MARKET FOR RESIDUAL ASPHALT TILES IN EUROPE, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 23 EUROPEAN RESIDUAL SHINGLE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 24 ASHALT PACIFIC ROLLING MARKET, BY COUNTRY, 2020-2028 (USD MILLION)
TABLE 25 ASHALT PACIFIC ROLLING MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 26 ASHALT PACIFIC ROLLING MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 27 ASPHALT TILE MARKET IN JAPAN, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 28 ASPHALT TILE MARKET IN JAPAN, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 29 ASPHALT TILE MARKET IN CHINA, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 30 ASPHALT TILE MARKET IN CHINA, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 31 ASPHALT TILE MARKET IN INDIA, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 32 MARKET OF ASPHALT TILES IN INDIA, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 33 REST OF ASPHALT TILE MARKET IN ASIA PACIFIC, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 34 REST OF ASPHALT TILE MARKET IN ASIA PACIFIC, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 35 ASPHALT TILE MARKET LINE BY COUNTRY, 2020-2028 (USD MILLION)
TABLE 36 ASPHALT TILE MARKET LINE BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 37 ROW ASPHALT SHINGLE MARKET BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 38 MIDDLE EAST AND AFRICA ASPHALT TILE MARKET, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 39 MIDDLE EAST AND AFRICA ASPHALT TILE MARKET BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 40 SHINGLE MARKET IN LATIN AMERICA, BY PRODUCT, 2020-2028 (USD MILLION)
TABLE 41 LATIN AMERICAN ASPHALT TILE MARKET, BY APPLICATION, 2020-2028 (USD MILLION)
TABLE 42 ANALYSIS OF THE CORPORATE MARKET RANKING
TABLE 43 OWENS CORNING: PRODUCT BENCHMARKING
TABLE 44 GAF MATERIALS: PRODUCT BENCHMARKING
TABLE 45 IKO GROUP.: PRODUCT BENCHMARKING
TABLE 46 IKO GROUP: MAIN DEVELOPMENTS
TABLE 47 GUARANTEED: PRODUCT BENCHMARKING
TABLE 48 ATLAS COVERAGE: PRODUCT BENCHMARKING
TABLE 49 ATLAS COVERAGE: MAIN DEVELOPMENTS
TABELLE 50 HERBERT MALARKEY ROOFING COMPANY: PRODUKT-BENCHMARKING
TABLE 51 PABCO: PRODUCT BENCHMARKING
TABLE 52 TAMKO CONSTRUCTION PRODUCTS: PRODUCT BENCHMARKING
TABLE 53 POLYGLASS USA: PRODUCT BENCHMARKING
TABLE 54 TARCO: PRODUCT BENCHMARKING
TABELLE 55 HENRY COMPANY: PRODUKT-BENCHMARKING
TABLE 56 HENRY COMPANY: MAIN DEVELOPMENTS
TABLE 57 SIPLAST: PRODUCT BENCHMARKING
LIST OF FIGURES
FIGURE 1 GLOBAL MARKET SEGMENTATION FOR ASPHALT TILES
FIGURE 2 RESEARCH SCHEDULE
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH PROCESS
FIGURE 5 DATA SOURCES
FIGURE 6 OVERVIEW OF THE WORLD ASPHALT TILE MARKET
FIGURE 7 GEOGRAPHICAL ANALYSIS OF THE GLOBAL ASPHALT TILE MARKET, 2020-2028
FIGURE 8 GLOBAL ASPHALT TILE MARKET, BY PRODUCT (USD MILLION)
FIGURE 9 GLOBAL ASPHALT TILE MARKET, BY APPLICATION (USD MILLION)
FIGURE 10 FUTURE MARKET OPPORTUNITIES
FIGURE 11 ASIA-PACIFIC DOMINATES THE MARKET IN 2020
FIGURE 12 PERSPECTIVES FOR THE GLOBAL ASPHALT TILE MARKET
FIGURE 13 WORLD ASPHALT TILE MARKET, BY PRODUCT
FIGURE 14 WORLD ASPHALT TILE MARKET, BY APPLICATION
FIGURE 15 WORLD ASPHALT TILE MARKET, BY GEOGRAPHY, 2019-2028 (USD MILLION)
FIGURE 16 MARKET SNAPSHOT IN NORTH AMERICA
FIGURE 17 OVERVIEW OF THE EUROPEAN MARKET
FIGURE 18 ASIA-PACIFIC MARKET OVERVIEW
FIGURE 19 SERIES MARKET SNAPSHOT
FIGURE 20 MAIN STRATEGIC DEVELOPMENTS
FIGURE 21 OWENS CORNING: COMPANY PERCEPTION
FIGURE 22 OWENS CORNING: SEGMENT DIVISION
FIGURE 23 OWENS CORNING: SWOT ANALYSIS
FIGURE 24 GAF MATERIALS: COMPANY PERCEPTION
FIGURE 25 GAF MATERIALS: SWOT ANALYSIS
FIGURA 26 IKO GROUP.: COMPANY INSIGHT
FIGURE 27 IKO GROUP: SWOT ANALYSIS
FIGURE 28 SEA: COMPANY PERCEPTION
FIGURE 29 INSURANCE: SWOT ANALYSIS
FIGURE 30 ATLAS COVERAGE: COMPANY PERCEPTION
FIGURE 31 ATLAS COVERAGE: SWOT ANALYSIS
FIGURA 32 HERBERT MALARKEY ROOFING COMPANY.: COMPANY INSIGHT
FIGURE 33 HERBERT MALARKEY ROOFING COMPANY: SWOT ANALYSIS
FIGURA 34 PABCO: COMPANY INSIGHT
FIGURE 35 PABCO: SWOT ANALYSIS
FIGURE 36 TAMKO BUILDING PRODUCTS: COMPANY PERCEPTIONS
FIGURE 37 TAMKO CONSTRUCTION PRODUCTS: SWOT ANALYSIS
FIGURE 38 POLYGLASS USA: COMPANY PERCEPTION
FIGURE 39 POLYGLASS USA: SWOT ANALYSIS
FIGURE 40 TARCO: COMPANY INSIGHT
FIGURE 41 TARCO: SWOT ANALYSIS
FIGURE 42 HENRY COMPANY: COMPANY PERCEPTION
FIGURE 43 HENRY COMPANY: SWOT ANALYSIS
FIGURE 44 SIPLAST: COMPANY INSIGHT
FIGURE 45 SIPLAST: SWOT ANALYSIS
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Industry Analysis Matrix
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Since the outbreak of the COVID-19 virus in December 2019, the epidemic has spread to almost every country in the world, with the World Health Organization (WHO) declaring Coronavirus Disease 2019 (COVID-19) a pandemic. Our research shows that outperformers strive to grow on all dimensions, i.e. H. in core expansion, geographic location, up and down the value chain, and adjacent areas.
The COVID-19 pandemic has impacted all sectors such as aerospace, defense, agriculture, food and beverage, automotive and transportation, chemical and materials, consumer goods, retail and e-commerce, energy and energy, pharmaceutical and healthcare, packaging, construction , mining and gases, electronics and semiconductors, banking, financial services and insurance, ICT and much more.
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The spread of the corona virus has brought the whole world to a standstill. Almost all countries have imposed lockdowns and strict social distancing measures. This has caused supply chain disruptions. The pandemic has changed established systems around the world.
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As the impact of COVID-19 is spreading, the overall market has been affected by COVID-19, and the growth rate has also been affected in 2019-2020. Our latest research, perspectives and insights on the most important management issues for companies and organizations in the market, driving risk management and digitizing operations during the COVID-19 crisis, to provide decision makers with reliable information and experiences .
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FAQs
Are asphalt shingles in short supply? ›
If you are in the process of getting your shingle roof replaced or repaired, you understand the pain that the shingle shortage in 2021 caused. There are several issues that homeowners are facing: Limited Color Selection. Longer wait times for delivery.
How popular are asphalt shingles? ›Asphalt shingles are the most popular roofing material in the United States today and for good reason. They cost almost half as much as other roofing options and are widely available anywhere in the US.
What are the pros and cons of asphalt shingles? ›Asphalt shingles are the most common type of roofing. They come in three types: 3-tab, dimensional, and luxury. Pros include low cost, ease of installation, and long lifespan. Cons include high maintenance and not environmentally friendly.
What are 2 disadvantages to asphalt shingles? ›- It's not the most durable roofing option. ...
- Shingles can be damaged by high winds. ...
- Mildew is a common problem. ...
- It isn't the most energy-efficient option.
He says supply and demand are the driving factors. "It doesn't matter if it's a shingle roof, a metal roof, a TPO roof, a tile roof materials are getting scarce and it's really due to the demand more than anything," Starbird explained.
Will shingle prices go down in 2023? ›Will shingle prices go down in 2023? The current economic conditions causing the inflation on construction material prices are unlikely to dissipate in 2022 and could last far into 2023. If you find yourself in need of a new roof, you have several options you can choose from.
What are the most popular shingles? ›Three-tab shingles are the most common. These single-layer shingles are typically rated to withstand winds up to 60 mph and moderate impact from flying debris or hail.
What is the most common type of asphalt shingle? ›An asphalt roof has 3 different shingle options to choose from. These three types of asphalt shingles are 3-tab, dimensional, and luxury. While 3-tab used to dominate the market, dimensional shingles are the most common type installed on roofs today.
Why do Americans use asphalt shingles? ›Most American homes have a steep slope on their roofing so naturally a durable and small shingle is more fitting to install. Shingles are the affordable roofing material available in the US. Shingles are considered to be the easiest roofing material to install, they are easy to cut, fasten and fit.
What is the difference between asphalt and shingles? ›Lifespan. Composite shingles tend to last longer than asphalt, which can balance the higher cost. A roof's lifespan is how many years you can expect it to last. Asphalt roofing shingles have a lifespan of between 20 and 30 years, and composite shingles can last between 40 and 50 years.
What are 2 common failure modes for asphalt shingles? ›
- cupping.
- clawing.
- cracking.
- blistering.
- loss of granule material.
- tearing off.
There are three major categories of asphalt roofing shingle products available today - strip shingles, dimensional shingles, and luxury shingles.
What are the advantages of shingles? ›In addition to having a variety of styles, textures, and colors to choose from, asphalt roofing shingles are cost-effective, durable and easy to maintain. Some varieties of asphalt shingles are manufactured to resemble tile, wood, cedar shakes or slate, while providing more benefits than these other roofing materials.
What is the shelf life of asphalt shingles? ›Theoretically, there is no shelf life on shingle products in the bundle. However, there may be a tendency for an asphalt shingle to stiffen if stored for more than one year. Should a shingle be used after one year's storage, care should be taken while handling as the shingle may have stiffened over time.
Are asphalt shingle prices going up? ›2022 Inflation is here and effecting the cost of a new roof. In this video we break down the cost of shingle from 2020, 2021, and 2022 and show how this is dramatically increasing the price of a new roof. Roofing companies aren't making more money the reason prices are increasing is because of material.
Will shingles keep coming back? ›Yes: although it's uncommon, you can get shingles multiple times. Shingles is caused by the varicella-zoster virus, which is the same virus that causes chickenpox. The virus sticks around in your body after chickenpox symptoms go away, lying dormant in your nerves, held in check by your immune system.
What percent of Americans will get shingles? ›About 1 out of every 3 people in the United States will develop shingles, also known as herpes zoster, in their lifetime. An estimated 1 million people get shingles each year in this country. If you've ever had chickenpox, you can get shingles. Even children can get shingles.
Will roofing materials go down in 2023? ›The current economic conditions causing the inflation on construction material prices are unlikely to dissipate in 2022 and could last far into 2023. If you find yourself in need of a new roof, you have several options you can choose from.
What shingles last the longest? ›Of the 3 types of asphalt shingles, the longest lasting are luxury (or premium) asphalt shingles. Luxury asphalt shingles are larger and thicker than 3-tab or architectural shingles, which makes them more durable.
Can a shingle roof last 50 years? ›Standard asphalt shingles—the most common roofing material—lasts about 15 years. Heavier materials—including clay, slate, and metal roofs—can last more than 50 years but are expensive and difficult to maintain. If you're looking for an affordable and long-lasting option, consider 50 year shingles and tiles.
Who is the largest manufacturer of asphalt shingles? ›
IKO. Founded in 1951 in eastern Canada, IKO has plants across North America and Europe. They are the world's largest exporter of asphalt shingles, providing shingles to 96 countries around the globe.
Who is the largest roof shingle manufacturer? ›GAF. Founded in 1886, GAF has become the largest roofing manufacturer in North America. The company's products include a comprehensive portfolio of steep-slope and commercial roofing systems, which are supported by an extensive national network of factory-certified contractors.
What grade of shingle is the best? ›Luxury or sometimes called premium shingles, this type of grade is obviously the best. With maximum durability, the premium grade shingles are designed to replicate natural slate and cedar shake roofs without the higher price.
What color of asphalt shingles is best? ›Home's Architectural Style
If your home has a traditional look, then neutral roof shingle colors like gray, brown, or white will be best. If your home is more modern, bolder red or dark blue colors will look great. Also, make sure that whatever color you choose doesn't clash with any other colors on the property.
Once upon a time, traditional strip or 3-tab shingle dimensions, as well as asphalt shingle dimensions, measured 12 inches wide by 36 inches long. These are still considered standard asphalt shingle dimensions.
What are the cheapest asphalt shingles? ›Three-tab asphalt shingles are the cheapest roofing shingle, but quality and prices can vary widely.
Can asphalt shingles rot? ›Crumbling or Tearing Shingles
With older roofs, consistent exposure to high humidity and moisture, whether due to the regional climate or simply poor attic ventilation, can contribute to roof rot. When an asphalt shingle is rotting, the outer layer of asphalt will disintegrate because of water damage.
In terms of longevity, they have a long service life of 50 years at the least. When it comes to recyclability, they are the best option because they don't become landfill waste. You can't go wrong with asphalt or metal because either way you'll be contributing to sustainability.
Are asphalt shingles the best? ›Relatively lightweight, inexpensive, and easy to install, asphalt shingles are the best choice for most houses. They come in sheets that are layered on a roof to give the illusion of more expensive single shingles, such as cedar and slate, that are installed one shingle at a time.
Are there roofing materials in short supply 2022? ›Unfortunately, as we move through 2022, the roofing industry is not seeing much improvement on the supply chain availability and material price increases. According to current predictions, material volatility is going to increase throughout 2022.
Are asphalt shingles still available? ›
You can find asphalt shingles at all home improvement stores and roofing manufacturers. Top brands include: GAF. CertainTeed.
Will roofing costs go down in 2022? ›Will they go down? The cost of a new roof is 20-40% more and it's not going to go down. 2022 Inflation is here and effecting the cost of a new roof. In this video we break down the cost of shingle from 2020, 2021, and 2022 and show how this is dramatically increasing the price of a new roof.
Is there a roofing material shortage? ›Roofing Material Shortages in 2021
Due to the supply chain shortage, the most affected roofing items are fasteners, plates, adhesives, ethylene propylene diene monomer (EPDM), and thermoplastic polyolefin (TPO) roofing materials.
Headquartered in Herndon, Virginia, Beacon is the largest publicly traded distributor of roofing materials and complementary building products in the United States and Canada.
What is the most popular shingle color for 2022? ›Your best color categories will be light grey, off white, dark grey, black, or brown. If choosing brown, a darker brown will likely fit better than a light brown. Grey roofs are what we've found as the most popular choice for blue sided homes recently. Roof colors to avoid are blue, red, and green roofs.
What are the sales trends for roofing? ›As expected, contractors noted a 61% increase in single-ply roofing sales compared to the prior year, and another 33% said single-ply sales remained flat. Metal roofing sales (82%) and coatings (66%) were next, with low-slope asphalt (64%) and steep-slope asphalt shingles (44%) rounding out the top five.