The roofing systems utilised by the majority of individuals in their homes are substantially different from those used on commercial structures. Flat roofs are what we're talking about. They can be as tall as three floors, but are usually much lower. Many countries, both developed and emerging, have seen significant increases in disposable income. As a result, worldwide construction and infrastructure activity has increased dramatically. According to the Organization for Economic Cooperation and Development (OECD), Germany's gross disposable income reached roughly US$ 43,904 per capita in 2019, up from US$ 35,492 per capita in 2015. The India Brand Equity Foundation (IBEF) predicts that India will become the world's third-largest building market by 2022. This, in turn, has increased the demand for roofing systems, which could stimulate growth of the roofing systems market.
Over the years, the roofing technology has improved significantly with technological Roofing technology has advanced tremendously throughout the years as a result of technical breakthroughs. Customers are increasingly favouring eco-friendly roofing materials and drones for roof inspections, which has increased demand for roofing systems. Furthermore, the non-residential building sector has seen rapid growth in recent years, which could boost the roofing market's growth in the near future. Gaco recently launched GacoFlex A47 acrylic, UA60 aliphatic urethane coatings, and GacoFlex U91 aromatic urethane for revolutionary roof coatings in April 2021.
A residential roofing system is not the same as a business one. The materials used in a residential roofing system are all chosen with the goal of giving maximum protection to the roofing. This means that asphalt shingles, wood shakes, slate tiles, or concrete tiles are never utilised as long as they are placed properly by a skilled roofer. In terms of regional effect, Asia Pacific appears to be gaining traction in the roofing systems industry. This is owing to rapid urbanisation, as well as a significant increase of infrastructure investment in emerging economies such as India and China. On the contrary, Europe's prognosis has improved as house development activities have increased over the years.
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