Global Commercial Roofing Materials Market size is projected to be valued $10 Billion by 2024; with a CAGR of 3.5% from 2017 to 2025. Commercial roofing materials can be prepared from various materials such as rubber, wood, asbestos, and others. Offices, hotels, malls, and medical centers are few application areas that pose a huge demand for commercial roofing materials. The market is expected to show high growth in the coming five to six years.
Rise in disposable income, growing urbanization, and increasing commercialization are the major factors driving the global commercial roofing materials market. However, rising price of volatile crude oil and other energy sources used in manufacturing process are expected to restrain the market growth. Rising demand of roofing products in construction of green buildings would provide several growth opportunities for the market in coming years.
The global commercial roofing materials market is bifurcated by building type and materials type. The segmentations by building type include steep sloped roofing and low sloped roofing. By materials type, the global commercial roofing materials market is further segmented into single ply products, modified bitumen materials, spray polyurethane foam, built-up roofing, metals and others. By building type, low sloped roofing accounted for more than two-third of the total market revenue in 2016. Steep sloped roofing is expected to grow at the fastest CAGR from 2016-2024, driven by rising office, retail, and lodging construction spending. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world.
Based on geography, the market has been segmented into North America, Europe, Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, UK, Spain, Italy, and others. Asia-Pacific covers China, India, Japan, Australia, South Korea and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are Firestone Building Products Company, Atlas Roofing Corporation, Owens Corning Corporation, Johns Manville Corporation, GAF, CertainTeed Corporation, TAMKO Building Products, Inc., IKO Industries Ltd, Duro-Last Roofing, Inc., and Braas Monier Building Group, among others.
The report covers
The detailed analysis of Commercial Roofing Materials Market with respect to key segments such as building type, materials type, and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Commercial Roofing Materials Market has been covered in the report
Profile of the major key players operating in the Commercial Roofing Materials Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies
Scope of the Global Commercial Roofing Materials Market
Building Type Segment
Low sloped roofing
Steep sloped roofing
Materials Type Segment
Single ply products
Modified bitumen materials
Spray polyurethane foam