US Commercial Roofing

US Commercial Roofing

US commercial roofing demand in area terms is projected to increase minimally to 96.3 million squares in 2027. Growth in area terms will be restrained primarily by a slowdown in commercial reroofing activity after increases in 2020 and 2021. Gains will stem from the new commercial building segment. New demand is forecast to increase, on average, during the forecast period from a depressed 2022 base.

Demand in value terms is expected to fall less than 1.0% annually through 2027 to $9.1 billion – representing a significant reduction in demand from the 2017-2022 period – as most commercial roofing product prices will moderate following price spikes in 2021 and 2022 that resulted from supply chain issues and high raw material costs.

Metal Roofing Growing at the Fastest Rate of Any Single Commercial Roofing Material

Commercial metal roofing – which exhibited above average growth in the previous five-year period – will grow at the fastest rate, as well as account for the largest absolute gains, of any single commercial roofing material through 2027. Gains will be driven by:

• rising installations of prefabricated metal buildings
• continuing interest in the use of metal roofing as a weather-resistant alternative to products like roofing membranes
• its ability to serve as a cool roofing material that reduces a building’s energy consumption and lowers utility bills

Standing seam roofing will continue accounting for the largest share of commercial metal roofing demand, supported by its strong leak and wind protection and ability to be used in both low- and steep-slope applications.

Public & Private Investment Spurs Roofing Sales for a Variety of Commercial Buildings

Among commercial building types, transportation, government, and industrial buildings are anticipated to see demand grow at the fastest rate:

• Gains will be driven by the new roofing segment, with the Infrastructure Investment and Jobs Act of 2021 spurring new construction at a variety of transportation facilities.
• Reroofing activity will further support demand as government agencies – calling for environmentally friendly and energy-efficient buildings – are expected to install more roofing that meets cool roofing criteria, such as plastic, metal, and vegetative types.
• New industrial building construction will see demand gains as more manufacturing plants and related facilities are erected by US firms looking to add domestic capacity:
• Many companies had trouble importing products from China (and other nations) during the COVID-19 pandemic.
• Supply chain difficulties drove up product costs and limited firms’ abilities to ship goods to the US, encouraging additional domestic manufacturing capacity.

This Freedonia industry study analyzes the 96.3 million squares US commercial roofing industry. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) by product (plastic single-ply, metal, bituminous, rubber, asphalt shingles, and other), by application (new and reroofing) and US geographic subregion. The study also evaluates company market share and competitive analysis on industry competitors, including Carlisle Companies, Elevate, GAF Materials, and Johns Manville.