Roofing Global Market is Projected to Reach $116.4 Billion

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

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Key Features:

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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