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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Roofing Materials Market Outlook
The Latin America roofing materials market attained value of USD 6.62 billion in 2023. The Latin America roofing materials market is further expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032, to attain USD 8.9 billion by 2032.
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Rising Construction Activities Driving the Roofing Materials Industry Growth
Latin America is a significant region for manufacturing, with a lot of construction activity going on, particularly in Brazil and Argentina. The roofing materials industry is expected to grow as local ceiling technologies improve. Due to their high insulation techniques and low expense, tiles and shingles are the most used roofing materials. Owing to the high strength of shingles and plates, they are the most popular residential ceiling materials because they are extremely durable and have a long-life cycle. Rising demand for these roofing materials from the residential sector has led the market growth in recent years. Wood shingles, shakes, slates, asphalt shingles, asbestos and shingles, as well as monk and nun, imbrex and tegula, Dutch roof, and Mangalore tiles, are the most common shingles on the market.
Roofing Materials: Market Segmentation
Roof construction materials for required for houses and foundations. Roofing materials must meet both technological and economic standards. Technological standards, such as impermeability, temperature tolerance, frost resistance, and low combustibility. Economic standards such as low cost of the material and the installation of the base upon which it rests, ease of installation. Roofing materials are available in chemical and silicate variety. They may be in the form of a roll, mastic, or a slice (sheets or slabs).
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Based on type, the market is divided into:
- Asphalt Shingles
- Metal
- Concrete and Clay Tiles
- Elastomers and Plastic
- Others
On the basis of applications, the market is categorised into:
- Residential
- Non-Residential
Country-wise, the markets for the product include Brazil, Argentina, and Mexico, among others.
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Rising Demand for Reflective Coatings Aiding the Latin America Roofing Materials Industry
The industry is expected to benefit from the introduction of reflective coatings that can be added to dark-colored roofing materials. Reflective coatings have superior heat reflection properties and reduce the total energy consumption of building structures. Product demand is expected to increase as a result of the superior reliability, aesthetics, and ease of installation associated with these items. The roof construction process is expected to be revolutionised as more cutting-edge equipment, such as drones, is used to survey roofs. Furthermore, the use of 3D printing technologies to manufacture various structural components of roofing systems is expected to boost demand for roofing materials over the forecast period.
Key Industry Players in the Latin America Roofing Materials Market
The report gives a detailed analysis of the following key players in the Latin America roofing materials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BMI Group
- Owens Corning
- Etex SA
- Megaflex Ltd.
- Dextra Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Latin America Roofing Materials Market Report Snapshots
Latin America Roofing Materials Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Latin America roofing materials market is attained a value of USD 6.62 billion in 2023.
The Latin America roofing materials market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The Latin America roofing materials market is expected to reach USD 8.9 billion by 2032.
The major drivers of the market include the growing population, rising construction sector, superior reliability, aesthetics, and the ease of installation.
Introduction of reflective coatings that can be added to dark-coloured roofing materials and use of 3D printing technologies are the key trends propelling the growth of the market.
The major countries in the market are Brazil, Argentina, and Mexico, among others.
The various types include asphalt shingles, metal, concrete and clay tiles, and elastomers and plastic, among others.
The applications for market are residential and non-residential.
The key players in the Latin America roofing materials market are BMI Group, Owens Corning, Etex SA, Megaflex Ltd., and Dextra Group, among others.
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