According to the research report titled, ‘Canada Asphalt Shingles Market Size By Product (Dimensional Shingles, High Performance Laminated Shingles, Three-Tab Shingles), By Application (Residential {New-residential, Residential Re-roofing}, Commercial {New Commercial, Commercial Re-Roofing}), Commercial By Building Type (Office, Retail & Lodging, Industrial, Institutional), Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, Canada asphalt shingles market is anticipated to amass notable gains during 2021-2027.
 

Increasing construction activities, surging spending capacity, and high investment in commercial construction are prime factors fueling the growth of Canada asphalt shingles market. For the unversed, asphalt shingles are predominantly use for roofing as they are known to offer high durability, extended life span, and are recyclable in nature.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4079053/
 

In addition, high emphasis on improving home energy efficiency is further augmenting industry outlook. However, the growing popularity of plastic roofs is likely to hamper market remuneration scope in the upcoming years.
 

Based on application landscape, Canada asphalt shingles market share from the new-residential sub segment is projected to register a CAGR of 4% over the study period, owing to rising inclination towards ecological construction methods and surging focus on sustainable construction.
 

Meanwhile, the report cites that the residential re-roofing sub segment is slated to amass a revenue of USD 790 million by the end of 2027.
 

The industrial application segment is also set to progress at a CAGR of 3% through the analysis timeline accreditable to expansion of business activities and booming tourism sector.
 

From the geographical point of view, Ontario, Prince Edward Island, British Columbia, Manitoba, Nova Scotia, Alberta, New Brunswick, Newfoundland and Labrador, Quebec, and Saskatchewan are analyzed to understand the overall market reach.
 

The report claims that British Columbia market is expected to expand at a rate of 3.5% during 2021-2027 due to steady economic progression and rising consumer expenditure. Meanwhile, Saskatchewan market is slated to exceed USD 20 million mark by 2027 creditable to increasing construction activities as well as rapid globalization and urbanization.
 

Nova Scotia market is also anticipated to progress at a rate of 3% CAGR during the study period while New Brunswick market is predicted to accumulate USD  30 million by to end of 2027.
 

Key players operating in Canada asphalt shingles market are NBP International Inc., Building  Products of Canada Corp., Polyglass USA Inc., Henry Company LLC, Siplast Inc., PABCO Building Products LLC, Malarkey Roofing Products-Portland, GAF Materials Corporation, Tarco Aviation, Atlas Roofing Corporation, IKO Industries Ltd., TAMKO Building Products LLC, Owens Corning, and CertainTeed Corporation.