World roofing demand to reach 9.4 billion square meters in 2010.Global demand for roofing materials is projected to advance 2.6 percent per year through 2010 to 9.4 billion square meters Noun 1. square meter - a centare is 1/100th of an are
centare, square metre
area unit, square measure - a system of units used to measure areas , with a market value of $54 billion. Growth will moderate from that of the 2000-2005 period, as demand for roofing materials decelerates in the two largest markets: the US and China. In the US, a softening residential market will constrain con·strain
tr.v. con·strained, con·strain·ing, con·strains
1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force.
2. demand for roofing over the forecast period. In China, roofing demand will still outstrip out·strip
tr.v. out·stripped, out·strip·ping, out·strips
1. To leave behind; outrun.
2. To exceed or surpass: "Material development outstripped human development" the world average, but a deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed.
early deceleration in building construction spending Construction Spending
An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at from the nearly 20 percent annual rate of the 2 ill reduce the growth rate. These and other trends are presented in World Roofing, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Developing countries in Asia, including China, will record the fastest growth in demand for roofing materials through 2010. Rising living standards living standards npl → nivel msg de vida
living standards living npl → niveau m de vie
living standards living npl in countries such as India, Malaysia and Thailand will foster demand for new housing construction, as well as reroofing with more durable or aesthetically pleasing materials. Other regions with gains for roofing demand exceeding the world average will be Eastern Europe Eastern Europe
The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. and the Africa/Mideast region. In Eastern Europe, economic expansion and building construction will fuel demand for roofing.
Unlike the world's developing regions, the industrialized in·dus·tri·al·ize
v. in·dus·tri·al·ized, in·dus·tri·al·iz·ing, in·dus·tri·al·iz·es
1. To develop industry in (a country or society, for example).
2. countries will see much more restrained increases in demand for roofing materials. Given the maturity of the building infrastructure in many of these countries, reroofing constitutes a larger proportion of demand. In the US, the global leader in roofing demand, prospects for roofing materials will benefit from an improving outlook for nonresidential building con
Elastomeric and plastic roofing materials are expected to post the fastest increases through 2010, each from a relatively small base. Annual gains in excess of 15 percent in China will buoy demand for elastomeric roofing. Nonresidential building construction spending will support prospects for plastic roofing in low-slope applications. Bituminous bi·tu·mi·nous
1. Like or containing bitumen.
2. Of or relating to bituminous coal.
Adj. 1. bituminous - resembling or containing bitumen; "bituminous coal" roofing was the largest segment of world roofing demand in 2005, accounting for more than two-fifths of the total. In 2005, tile roofing was the World Roofing (published 07/2006, 392 pages) is available for $5,500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail firstname.lastname@example.org. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint reprint An individually bound copy of an article in a journal or science communication information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
WORLD ROOFING DEMAND (million square meters) % Annual Growth Item 2000 2005 2010 05/00 10/05 World Roofing Demand 7103 8285 9430 3.1 2.6 North America 2445 2800 2930 2.7 0.9 Western Europe 963 995 1050 0.7 1.1 Asia/Pacific 2701 3315 4070 4.2 4.2 Rest of World 994 1175 1380 3.4 3.3 [C] 2006 by The Freedonia Group, Inc.