DUBLIN–(BUSINESS WIRE)–The “Southeast
Asia Asphalt Shingles Market Size, Share & Trends Analysis Report By
Application (Residential, Non-Residential), By Country (Thailand,
Malaysia, Vietnam), And Segment Forecasts, 2018 – 2025” report
has been added to ResearchAndMarkets.com’s offering.
The Southeast Asia asphalt shingle market size is anticipated to reach
USD 476.7 million by 2025, exhibiting a CAGR of 6.2% during the forecast
period.
Surging demand for asphalt shingles in Thailand and Malaysia, owing to
their superior characteristics, is estimated to drive the market.
Asphalt shingles have the ability withstand high force winds, driving
rain, winter’s deep freeze, ice-built up, and heat, which ensure
improved protection of residential and non-residential buildings as
compared to its counterparts including metal, wood, or ceramic roofing
products. As a result, the demand for the product as a roofing material
is expected to witness growth.
Asphalt roofing products are manufactured in compliance with ASTM
standards for fire resistance and wind resistance. In addition, shingles
are installed on a wide variety of roofs owing to their flexibility and
strength, which increases their adaptability and are preferred by
homeowners owing to their low maintenance property.
Recent growth in the infrastructure development sector in Southeast
Asian countries is likely to boost the use of asphalt shingles in
commercial buildings. In addition, consistent economic growth along with
low-interest rates for investments is poised to favor the approval of
building projects, thereby fuelling the demand for the product in
Southeast Asia.
Further key findings from the report suggest:
-
The residential segment accounted for 51.1% of the overall revenue in
2017 on account of increasing preference for the product by
homeowners, owing to long shelf life and low maintenance cost
associated with the product -
The non-residential segment is projected to register a CAGR of 5.9% in
terms of revenue during the forecast period owing to growing demand
for the product in the infrastructure development sector in Southeast
Asian countries, including Thailand and Malaysia -
Thailand accounted for 43.9% of the overall revenue in 2017 as the
demand for the product in the country is growing on account of
availability of shingles at low cost and in a wide variety of colors
and textures catering to specific requirements of customers -
Malaysia asphalt shingles market is anticipated to witness a CAGR of
7.2% during the same period owing to government initiatives to address
housing shortage for low and middle-income population, which is
fuelling the demand for low-cost roofing materials such as asphalt
shingles -
The major players involved in the manufacturing of the product compete
on the basis of product quality, durability, variety of colors, and
textures offered along with customized properties such as wind
resistance, weight, waterproofing, and UV resistance.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Southeast Asia Asphalt Shingles Market Variables,
Trends & Scope
3.1 Southeast Asia asphalt shingles – Market segmentation
3.2 Southeast Asia asphalt shingles market – Value chain analysis
3.3 Regulatory framework
3.4 Manufacturing process
3.5 Southeast Asia asphalt shingles – Market dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Growing construction industry
3.5.1.2 Superior characteristics of asphalt over other roofing materials
3.5.2 Market restraint analysis
3.5.2.1 Volatility in raw material prices
3.6 Southeast Asia asphalt shingles market – Porter’s analysis
3.7 Southeast Asia asphalt shingles market – PESTLE analysis
Chapter 4 Southeast Asia Asphalt Shingles Market: Application
Estimates & Trend Analysis
4.1 Southeast Asia asphalt shingles market: Application movement
analysis, 2017 & 2025
4.2 Residential
4.3 Non-residential
Chapter 5 Southeast Asia Asphalt Shingles Market: Regional
Estimates & Trend Analysis
5.1 Southeast Asia
5.1.1 Market estimates and forecasts, 2014 – 2025 (Million Square
Meters) (USD Million)
5.1.2 Market estimates and forecasts, by application, 2014 – 2025
(Million Square Meters) (USD Million)
5.1.3 Thailand
5.1.4 Laos
5.1.5 Vietnam
5.1.6 Myanmar
5.1.7 Cambodia
5.1.8 Malaysia
Chapter 6 Competitive Landscape
6.1 Vendor Landscape: Southeast Asia Asphalt Shingles Market
6.2 Competitive Environment
6.3 Strategy Framework
6.4 Heat Map Analysis
6.5 List of importers for asphalt shingles
Chapter 7 Company Profiles
7.1 Company Overview
7.2 Financial Performance
7.3 Product benchmarking
7.4 Strategic Initiatives
- Owens Corning
- CMI-Civil Master International
- Onduline
- Home Builders Production Co., Ltd.
- Roofseal Sdn. Bhd.
- NBP International
- GAF Roofing System
- Terreal Singapore Pte Ltd.
- IKO Industries Ltd.
- Rodclay Roofing Inc.
For more information about this report visit https://www.researchandmarkets.com/r/o9ykl8
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Related
Topics: Building
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