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Allied Market Research

Roof Cladding Market by Product Type (Copper, Steel Cladding, Plastic Roof Cladding, Fiberglass Cladding, Asphalts & Slate Shingles) by Application (Commercial, Institutional, Garage Porches & Sheds, Industries & Warehouses) by: Global Opportunity Analysis and Industry Forecast, 2021-2030

A12149
Pages: NA
Sep 2021 | 126 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Roof cladding is a layer of covering used to cover the roof and also create a watertight and weather protection layer installed to prevent moisture build-up in roof surface. It is a large sheet of material or many small overlapping units provided on the external surface of a roof. The ideal material for roof cladding is fireproof, insulating against temperature and noise, durable, weatherproof, and attractive. It comes in various shapes and sizes and is available in a wide range of materials and style.

Market scope and structure analysis :

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, and Region

   Regions covered

  North America, Europe, Asia Pacific and LAMEA

  Companies covered

Tata BlueScope Building, Etex Group, Arconic Inc., Kingspan Insulation PLC, Carea Ltd., GB Artectural Products Ltd., Celotex Building Products, Euramax, Trespa International B.V., Middle East Insulation LLC, Shildan, and Avenere Cladding LLC.

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has shut-down the production of various products in the roof cladding industry attributed to the lockdown in countries worldwide. This has hampered the growth of roof cladding market from the last few months and is likely to continue during 2021.
  • COVID-19 has already affected the sales of roof cladding in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • The major demand for roof cladding was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for roof cladding.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Roof cladding manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
  • Roof cladding manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

A steep boost in the wealth of emerging economies is anticipated to trigger the accessibility of roof cladding installation, which is anticipated to foster the growth of the industry in the coming years. Entry of major companies with unique features has driven innovation in the market, also promoting existing companies to collaborate with each other. Wide availability of low-cost raw materials such as steel, aluminum, plastics, and others are also contributing to higher production levels, especially in emerging economies. Roofing industry in India is preparing for the next generation of ambitious projects. Growth in the infrastructure and industrial segment has been a major factor that drives the growth of the roof and wall cladding industry.

New Technologies used in roof cladding materials.

Majority of companies are adapting various strategies to gain attention from population and hence increase sales of roof cladding. For instance, new technologies such as Dichromic window films are increasingly being used to provide UV protection to building interiors. They have advantages like low installation costs and easy maintenance. Use of more innovative materials such as recycled panels made from 20,000 kgs of plastic waste. The Indian market has witnessed a major shift from asbestos and galvanized steel sheets to Zn-Al coated sheets. Zn-Al coated sheet provides excellent atmospheric resistance in a wide range of environment under many diverse conditions. Performance of 150 GSM Zn-Al coated material is four times longer than 275 GSM Zn coated material.

Surge in growing industrial applications, new construction and renovation activities.

Roofing material is available in a wide variety which is suitable for both new construction and re-roofing of existing homes. The type of roof one chooses will depend on several factors, including the home’s architectural style and one’s personal preference and budget. Rise in focus on construction of green, energy-efficient buildings leads to an increased demand for roofing materials. Furthermore, the durability associated with the variety of roofing materials such as asphalt shingles, metal roofs, and concrete and clay tiles is expected to have a positive impact on the market growth during the forecast period.

Key segments covered:

Segments

Subsegments

  Type

  • Copper
  • Steel cladding
  • Plastic roof cladding
  • Fiberglass Cladding
  •  Asphalt or slate shingles

  Application

  • Commercial building
  • Institutional
  • Garages, porches and sheds
  • Industries and warehouses

 

Key benefits of the report:

  • This study presents the analytical depiction of the roof cladding 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 global roof cladding market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global roof cladding market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global roof cladding market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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