Commercial Roofing Market was valued nearly US$ 11.90 Bn in 2023. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 % & is expected to reach at US$ 18.13 Bn. by 2030.
Commercial Roofing Market Overview:
The commercial roofing market is a vital segment of the construction industry, offering a range of roof types such as flat, low-sloped, and pitched roofs. These roofs are favored for their cost-effective construction, ease of installation, and low maintenance requirements. Flat roofs, in particular, are less expensive to construct due to their reduced material needs and quicker installation. The demand for commercial roofing spans various sectors, including healthcare, education, hospitality, and retail, with growing interest in energy-efficient solutions and sustainability.
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Commercial Roofing Market Trends:
In recent years, the commercial roofing market has displayed signs of recovery, despite challenges posed by economic downturns and stringent energy regulations. Manufacturers are increasingly focusing on high-performance materials with superior reflectivity to meet the demand for energy-efficient roofing systems. The market is also witnessing an uptick in the use of green roofing technologies, driven by the increasing preference for environmentally sustainable building practices and the adoption of energy-saving roofing solutions.
What are Commercial Roofing Market Dynamics?
The dynamics of the commercial roofing market are shaped by a mix of factors, including rising construction activity, changing regulatory environments, and evolving consumer preferences for energy-efficient materials. While the market is expanding, fluctuations in raw material costs, particularly in the energy sector, may pose challenges. Roofing manufacturers must also adapt to stringent environmental standards and the growing demand for sustainable, low-impact building solutions to stay competitive.
Commercial Roofing Market Opportunities:
The commercial roofing market presents significant opportunities driven by the increasing adoption of green building standards and the integration of renewable energy solutions like solar panels. The development of advanced roofing technologies, such as spray polyurethane foam and single-ply membranes, is opening new avenues for growth. Additionally, ongoing demand for roofing in commercial renovation and new construction projects, especially in emerging economies, is expected to boost market potential.
What is Commercial Roofing Market Regional Insight?
The Asia-Pacific (APAC) region is poised to dominate the commercial roofing market due to rapid industrialization and infrastructure development, particularly in countries like China, Japan, and Korea. Meanwhile, North America is expected to experience steady growth, driven by strong demand for commercial roofing in the U.S., Canada, and Mexico across various industries. Both regions are pivotal in shaping the overall market landscape, with increasing construction activities and the growing need for energy-efficient building solutions.
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What is Commercial Roofing Market Segmentation?
by Material Type
Single-Ply Membrane Roofing
Ethylene Propylene Diene Monomer
Polyvinyl Chloride
by Roof Type
Low Sloped Roofs
Flat Roofs
Pitched Roofs
by End-Users
Hospitals & Healthcare
Educational Institutes
Hotels & Restaurants
Banks & Financial Institutions
Airports
Hyper & Super Market
Shopping Malls
Others
Some of the current players in the Commercial Roofing Market are:
1. Atlas Roofing Corporation
2. Duro-Last Inc.
3. BASF SE
4. 3M Company
5. Dow Chemical Company
6. Owens Corning
7. Standard Industries Inc.
8. E.I. du pont de Nemours Company
9. Berkshire Hathaway Inc.
10.Sika AG
11.Carlisle Companies Inc.
12.Certain Teed Corporation
13.Firestone Building Products Company
14.GAF
15.IKO Industries Ltd
16.TAMKO Building Products Inc.
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Key Offerings:
- Past Market Size and Competitive Landscape
- Commercial Roofing Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Commercial Roofing Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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