Allied Market Research

2024

Commercial Roofing Materials Market

Commercial Roofing Materials Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Material and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

Select an option
Author's: | Eswara Prasad
Publish Date:

Get Sample to Email

Commercial roofing encompasses a plethora of roofing solutions applied on a building’s exterior structure. These solutions are usually made from diverse materials such as rubber, asphalt, stone slabs, woods, and asbestos. Besides these, roofing products made from rubber shingle, asphalt shingle, and wood shingle are also manufactured. They find use in hotels, malls, offices, and medical centres. A wide range of materials used in the process are bituminous, concrete & clay tiles, metal, elastomers, and plastics, among others. The materials offer a wide range of advantages to the structure including temperature maintenance, water proofing, etc. Despite witnessing an overall positive trajectory, fluctuating prices of certain sources of energy used during the manufacturing process could limit the market’s growth scope.

Covid-19 Impact Analysis 

  • The coronavirus's unfavourable global effects are already evident, and they will have a big impact on the commercial roofing materials in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the commercial roofing materials market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemic. 

Top Impacting Factors
Rising disposable income, easy availability of loans, and increased affordability have led homeowners to spend more on refurbishment and renovation projects. The growing interest of consumers toward renovation of houses and enhancing the aesthetics
of living structures provided opportunities for rising sales of products. Furthermore, stringent energy-efficient home regulations and growing interest of customers in green building solutions will support product penetration during the forecast timeframe.

The growing consumer awareness about energy-efficient roofing solutions along with rising R&D activities by several manufacturers to augment energy-efficient ratings of their products will further drive the product demand


Market trends

  • New residential construction projects across the globe are supporting the market growth 
  • New construction activities in the commercial roofing materials market are expected to have a growth rate led by growing industrialization in emerging countries and rapid urbanization. Several economies, such as India, Brazil, and others, are supporting the residential construction sector with customer-centric policies and launch of affordable housing schemes. Further, the easy availability of finance and increasing disposable income of middle-class families across the globe are impelling the materials demand.
  • Bituminous material dominates the market revenue owing to durability and economic choice and hence market demand has risen.
  • Bituminous materials, such as asphalt shingles, are the most common and preferred material choice in North America and Asia Pacific. A large number of roofs in the U.S. are using asphalt shingles. A wide range of product availability, durability, high fire and wind resistance, and good aesthetics are among the major advantages offered by the asphalt shingles. Further development of new asphalt shingles that withstand high impact are further supporting the material demand.
  • Asia-Pacific region will spur the market demand in the upcoming times 
  • The dominance is attributed to strong economic growth of region. Presence of several product manufacturers along with the large population of region are driving the product growth. The region accounts for around half of the world’s population along with manufacturing hub for electronics and automotive industry. Further growing disposable income and booming residential sector across India, Indonesia, South Korea, and China are fuelling the industry growth.
     

Key Benefits of the Report

  • This study presents the analytical depiction of the commercial roofing materials industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the commercial roofing materials market share.
  • The current market is quantitatively analysed to highlight the commercial roofing materials market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed commercial roofing materials market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Commercial Roofing Materials Market Report

  • Who are the leading market players active in the Commercial Roofing Materials market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What will be the anticipated growth rates for your own Commercial Roofing Materials Market economy altogether and for every segment inside?
  • What are the driving factors and opportunities in the market?            

Commercial Roofing Materials Market Report Highlights

Aspects Details
icon_5
By Type
  • Asphalt Shingles
  • Concrete & Clay Tile
  • Metal Roofs
  • Plastics
  • Others
icon_6
By Material
  • Asphalt
  • Clay
  • Concrete
  • Metal
  • Plastic
  • Others
icon_7
By Application
  • Residential
  • Commercial
  • Others
icon_8
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
icon_9
Key Market Players

Duro-Last, Inc., Atlas Roofing Corporation, GAF, Owens Corning, Firestone Building Products Company, TAMKO Building Products,Inc., IKO Industries Ltd., CertainTeed Corporation, Carlisle Companies, Inc., Johns Manville Corporation

Key Market Players

Eagle Roofing Products, Boral Roofing

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Commercial Roofing Materials Market

Global Opportunity Analysis and Industry Forecast, 2023-2032