This is the highest annual rate since 2007, according to the U.S. Department of Housing and Urban Development and Census Bureau.

U.S. demand for residential roofing products is forecast to increase 4% per year to 147 million squares in 2020, valued at $10.4 billion, according to The Freedonia Group. Growth will be boosted by an increase in housing starts, which will benefit from homeowner interest in choosing products—such as laminated asphalt shingles, roofing tile and metal products—that offer enhanced aesthetics and long-term protection against leaks and impact damage.

The market is mainly driven by increased demand from turbine manufacturers because of the growth of the power generation sector.

Supply-side challenges are offset by continued economic growth, ongoing job creation, rising wages, and favorable demographics

The demand for lightweight CMCs in automotive, aerospace, and defense applications will spur the market.

Growing demand for unconventional energy sources is one of the key factors driving the global fuel cell market.

Asia-Pacific is expected to contribute the most both in terms of revenue and volume consumption.

The market size was 9.57 million sq m in 2015, and is projected to register a CAGR of 10.5% from 2016-2021.

The sector’s turnover is expected to pass the €2 billion (approximately $2.1 billion) mark for the first time in its history.

As of 2015, lithium-ion (Li-ion) batteries occupied 37% of the total market.