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The Business Research Company’s Steel Roofing Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 14, 2023 /EINPresswire.com/ — The global steel roofing market, categorized by type, construction type, and end-user, showcased resilience and growth, expanding from $4.15 billion in 2022 to $4.26 billion in 2023, with a commendable compound annual growth rate (CAGR) of 2.8%. The market is poised to reach $4.56 billion in 2027, with a projected CAGR of 1.7%.

Driving Forces: Residential Construction Surge
Residential construction, defined as structures for accommodation, witnessed substantial investments, driving the adoption of steel roofing materials. Notably, in 2021, foreign direct investment (FDI) in the construction development sector reached $26.16 billion, with infrastructure activities contributing 13% of the total FDI inflows, amounting to $81.12 billion. This surge in residential construction investments serves as a key catalyst for the steel roofing market’s growth.

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Market Players: Industry Leaders Paving the Way
Prominent players in the steel roofing market, such as Metal Sales Manufacturing Corporation, Jinhu Color Aluminum Group, and Ideal Roofing Co Ltd., play pivotal roles in shaping the industry landscape. A notable trend within the market is the emphasis on product innovations. Major companies, including ProVia, a US-based manufacturer, lead this trend by introducing innovative metal roofing products. ProVia’s new metal roofing line, launched in January 2021, blends elegance and durability, incorporating the toughness of highly engineered galvanized steel. With unique features like 10% thicker panels, a lifetime warranty on coating integrity, and a 40-year warranty on chalking and fading, ProVia’s GalvaTecTM paint system sets a standard for long-lasting performance.

Geographical Insights: Market Dynamics Across Continents

Regions:
•Western Europe: Emerged as the largest region in the steel roofing market in 2022.
•Asia-Pacific: Expected to be the fastest-growing region in the forecast period.
•Other Regions: Eastern Europe, North America, South America, Middle East, and Africa.

Access the complete report for an in-depth analysis of the global steel roofing market:
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Steel Roofing Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Steel Roofing Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on steel roofing market size, steel roofing market drivers and trends, steel roofing machine market major players, competitors’ revenues, market positioning, and market growth across geographies. The steel roofing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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