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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Roofing Materials Market 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.
Latin America Roofing Materials Market Report Snapshots
Latin America Roofing Materials Market Size
Latin America Roofing Materials Market Growth
Latin America Roofing Materials Companies
*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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