Roofing Global Market is Projected to Reach $116.4 Billion

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DUBLIN, April 26, 2023 (GLOBE NEWSWIRE) — Added the Roofing: Global Strategic Business Report ResearchAndMarkets.com Offer.

The global roofing market, valued at US$78 billion in 2022, is projected to reach a revised size of US$116.4 billion by 2030 and will grow at a CAGR of 5.1% during the analysis period 2022-2030 grow.

Asphalt Shingles, one of the segments analyzed in the report, is expected to register a CAGR of 4.9% and reach US$35.8 billion by the end of the analysis period.

Taking into account the ongoing post-pandemic recovery, metals segment growth is adjusted to a revised annual growth rate of 6.1% for the next 8 years.

The US market is valued at US$18 billion while China is forecast to grow at 6.6% CAGR

The US roofing market is valued at $18 billion in 2022. China, the second largest economy in the world, is forecast to reach a projected market size of US$26 billion by 2030, a CAGR of 6.6% over the analysis period 2022-2030.

Other notable geographic markets include Japan and Canada, which are expected to grow by 3.6% and 4.3%, respectively, over the 2022-2030 period. Within Europe, growth of approx. 4.3% CAGR is forecast for Germany. Led by countries like Australia, India and South Korea, the Asia-Pacific market is expected to reach $21.5 billion by 2030.

Select competitors (total 128 presented) –

  • American Hydrotech, Inc.
  • Atlas Roofing Corporation
  • Carlisle Building Materials LLC
  • Cornerstone building marks
  • Duro Last Roofing, Inc.
  • Etex Group SA
  • Firestone building products
  • Fletcher insulation
  • IKO Industries, Ltd.
  • John Manville
  • Masterplast Group International
  • Nucor building systems
  • Owen Corning
  • Rockwool International A/S
  • Saint-Gobain SA
  • CertainTeed Corporation
  • SikaAG
  • Sika Sarnafil, Inc.
  • Standard Industries, Inc.
  • BMI group
  • Braas Monier Building Group SA
  • BMI UK & Ireland
  • GAF
  • TAMKO Building Products, Inc.
  • The Garland Company, Inc.
  • USG Boral
  • Wienerberger AG
  • Xtratherm Limited

What’s new for 2023?

  • special coverage of the war between Russia and Ukraine; global inflation; Easing of China’s zero-Covid policy and its ‘bumpy’ reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and percentage market shares of key competitors
  • Market Presence in Multiple Regions – Strong/Active/Niche/Trivial
  • Interactive online peer-to-peer collaborative customized updates
  • Access to digital archives and research platform
  • Free updates for one year

Key Features:

report attribute details
number of pages 790
forecast period 2022 – 2030
Estimated market value (USD) in 2022 $78 billion
Projected market value (USD) by 2030 $116.4 billion
Annual growth rate 5.1%
Regions Covered Global

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

  • Insights into the influencer market
  • world market developments
  • An introduction to roofing
  • Types of roofing products
  • asphalt shingles
  • Metal roofing
  • Elastomeric roofing
  • Cultivated roofs
  • roof tiles
  • Modified bitumen
  • Plastic roof covering
  • Other types of canopies
  • Wood
  • slate roofs
  • Cold applied roofing and waterproofing systems
  • Liquid applied monolithic membrane systems
  • Single layer canopy
  • felts
  • Polyurethane roofing systems
  • Roofing Materials: Improving the strength, durability and energy efficiency of residential and non-residential buildings
  • Residential sector drives demand for roofing products
  • Roofing Materials Market by Application (%) for 2019
  • Asphalt shingles remain the most popular roofing material, with metal roofing gaining acceptance
  • Asian economies are leading the growth in the global roof market
  • COVID-19 is impacting the construction industry and affecting the prospects of the roofing market
  • Supply chain disruptions
  • Companies are preparing for the crisis
  • Worldwide construction industry (in trillion US dollars) for the years 2017, 2019 and 2022
  • Percentage change in global construction output in industrialized and emerging countries for the years 2019, 2021, 2023 and 2025
  • Building renovations and roof renovations: Main revenue drivers in developed markets
  • Global residential renovation market share breakdown (%) by type: 2019
  • US Roof Renovation Market: Breakdown of Top Reasons for Roof Renovation (%) for 2019
  • Investments in infrastructure projects support market demand
  • Projected infrastructure investment needs (in trillions of US dollars) by region over the period 2016-2040
  • Global infrastructure spending: Projected infrastructure investment needs (in trillions of US dollars) by sector over the period 2016-2040
  • Roofing – Global Percentage Market Share of Key Competitors in 2022 (E)
  • Current market activity
  • Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • The constant need for roofing in buildings is driving the healthy demand for roofing materials
  • The most important trends in roofing technology summarized
  • Dark and reflective surfaces
  • Fireproof canopy
  • green roof
  • Insulated canopy
  • Cool canopy
  • Building-integrated photovoltaics (BIPV)
  • solar canopy
  • living roof
  • Metal roofing
  • roof colors
  • roof tiles
  • slate roof
  • TPO Single Ply Roofing Sheets
  • Elastomer and plastic roofing
  • flat roofs
  • Membrane based flat roofs
  • Seamless gutter
  • Increasing importance of environmentally friendly and technologically advanced roofing solutions: The basic growth driver
  • Sustainable roofing solutions are becoming increasingly popular
  • Concerns about increasing heat and smog in urban centers require advanced roofing solutions
  • A look at selected eco-friendly options for roofing materials
  • The increase in energy consumption and the resulting need for energy efficient roofs is driving the demand for insulated roofs
  • Projected global energy consumption in quad Btu: 2015, 2020, 2025, 2030, 2035, 2040, 2045 and 2050
  • Estimated global electricity demand (MWh) for the years 2015, 2020, 2025, 2030 and 2035
  • US Energy Consumption by Sector (in trillion Btu) for the period 2015-2019
  • Climate change and rising global temperatures are increasing the demand for roof insulation
  • The growing need to achieve sustainability and cost savings is driving the demand for green building materials
  • Green roof technologies offer enormous untapped market potential
  • Solar enabled roofs
  • Energy efficient asphalt shingles
  • Reflective roof coatings
  • Lighter roof blinds are popular
  • Despite competition from alternative roofing materials, asphalt shingles continue to hold the lead
  • Innovations in asphalt canopies support the growth of the segment
  • Hybrid asphalt roofing systems are widely used
  • Shingle recycling is gaining momentum
  • Newer roofing alternatives are emerging to replace traditional materials
  • Recyclability, soundproofing, and durability attributes drive the widespread adoption of rubber roofing
  • Recycled rubber roof shingles are proving to be environmentally friendly and cost-effective options
  • Choose rubber roofing systems for commercial and residential buildings
  • Rubber roof shingles make the roof repair process easier
  • Rubber roof types for various buildings
  • Longer lifespan, fire resistance and numerous other advantages support the demand for metal roofing
  • Production process of metal roofs
  • Training and field supervision are gaining in importance
  • Roof tile market: Residential construction determines growth trends
  • Concrete: A timeless roofing material
  • Built-up roof systems face various operational, technological and economic hurdles
  • Countless benefits are driving the demand for fiberglass roofing solutions
  • Cold applied roofing system: An ideal option for high rise buildings
  • Cold-applied membranes: the next generation of roof waterproofing technology
  • Demographic and economic trends influence the dynamics of roofing demand
  • urbanization trend
  • World Urban Population in Thousands: 1950-2050P
  • Degree of urbanization worldwide: Urban population as a percentage of the total population by geographic region for the years 1950, 1970, 1990, 2018, 2030 and 2050
  • Percentage of urban population in selected countries for 2018, 2020, 2030, 2040 and 2050
  • Ballooning world population
  • World population (in thousands) by geographical region for the years 2019, 2030, 2050, 2100
  • Top countries worldwide by population in millions for the years 1990, 2019 and 2050
  • burgeoning middle class population
  • Global middle class population (in millions) by region for 2020, 2025 and 2030
  • Global middle class spending (US$ trillion) by region for 2020, 2025, 2030
  • Innovations and technological advances are changing the roof landscape
  • Advances in shingles result in significant improvements in efficiency, aesthetics and ease of installation
  • Recent innovations in asphalt roofing systems
  • Cool roofing asphalt shingles
  • Improved polymer modified asphalt shingles
  • Smog absorbing shingles
  • Shingles to harness the power of the sun
  • Weathering Steel: A key innovation in the steel roofing market
  • Screwless metal roofing systems
  • Lightweight installation approach for slate roofs
  • SURE-STICKT: A self-adhesive roof membrane
  • Integration of PVC roof membranes with solar panels for flat roofs
  • Advanced solar solutions for rooftop applications
  • Roof-integrated solar systems
  • Choose Rooftop Solar Technologies
  • BIPV for roofs
  • BIPV vs. BAPV
  • Novel techniques for roof repairs
  • Tensile fabrics find acceptance in the rooftop market
  • Nonwovens are playing an increasingly important role
  • wood substitute
  • Futuristic technologies for roofing materials
  • Canopy and the Internet of Things (IoT) technology
  • Drones: The next big thing for the roofing industry
  • How drones work
  • Time-saving technology
  • Drones: A Safer Solution?
  • Comprehensive reporting with charts
  • Expanding the applications of drone technology
  • Software solutions for roofing are evolving
  • Roofers use advanced technologies for safety
  • Strict standards and regulatory compliance: Big challenges for the roofing industry
  • Other challenges are hampering the market prospects for roofing materials
  • Fixing Asbestos Smothering: Nations should take notice of the alarming problem

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report, visit https://www.researchandmarkets.com/r/bh5fil

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