ccording to a recent study from market research firm Graphical Research, the global roofing materials market size is set to register a significant growth during the forecast timeframe, driven by the growing demand for attractive outer coverings for homes and factories. The average disposable income of people in developed and developing countries is rising at a steady rate, giving them the freedom to splurge on expensive roofing items. The following trends will enhance the adoption of roofing materials across the world: North America (regional valuation will exceed USD 40 billion by 2027).
Introduction of bioplastics will favor product adoption:
Bioplastics will capture a sizeable share of North America roofing materials market by 2027. Customers are attending awareness campaigns launched by regional governments to understand the harmful effects of plastic waste and are bringing positive changes in their daily habits.
Biome Technologies plc is a growth oriented, commercially driven technology group. The Group’s primary activity is the development of its fast growing business in bioplastics. The Group comprises two divisions: Biome Bioplastics and Stanelco RF Technologies.
