Increase In Demand For Roofing Materials…
…Could See Cost of Slate Tiles Rise
According to the Global Roofing Materials Market 2016-2021 – Trends, Forecast, and Opportunity Report, demand for roofing is set to rise significantly and this may well add further increases to the rising costs of good quality roofing materials in the next five years.
An increase in construction and renovation projects is seen as the main driver of a market forecast to grow at a CAGR of 3.8% between now and 2021. Of course much of this forecast growth will depend to some extent on new construction projects.
Tiles and shingles in particular are likely to be the most in demand materials and consequently the ones seeing the most growth. Global demand however is likely to be influenced by a variety of factors.
Most of the demand is expected to come from the residential market which relies on good economic performance. However, some parts of the world and notably the UK has experienced a slowdown in construction as the nation’s big developers put some of their plans on hold.
One thing is certain however, and that is high quality roofing materials are the best investment in any market. We have a full range of reclaimed slate tiles which can offer an excellent and cost effective-way to get your hands on some high quality roofing materials.