Commercial Roofing Materials

Commercial Roofing Materials

Global Commercial Roofing Materials Market to Reach US$10.6 Billion by 2030

The global market for Commercial Roofing Materials estimated at US$9.0 Billion in the year 2023, is expected to reach US$10.6 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2023-2030. Low Sloped Roofing Materials, one of the segments analyzed in the report, is expected to record a 2.6% CAGR and reach US$7.1 Billion by the end of the analysis period. Growth in the Steep Sloped Roofing Materials segment is estimated at 2.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 4.3% CAGR

The Commercial Roofing Materials market in the U.S. is estimated at US$2.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.5% and 1.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Global Commercial Roofing Materials Market – Key Trends & Drivers Summarized

Why Is There a Growing Demand for Advanced Roofing Materials?
The commercial roofing materials market is seeing significant growth due to the rising demand for durable, energy-efficient, and cost-effective roofing solutions. Building owners are increasingly seeking materials that offer long-term durability while also contributing to energy savings, such as reflective roofs that reduce cooling costs. Furthermore, innovations in roofing technology have introduced materials that are easier to install and maintain, while offering superior protection against environmental factors like extreme weather, UV radiation, and moisture.

How Are Sustainability and Innovation Influencing the Roofing Industry?
Sustainability is a major factor driving the evolution of commercial roofing materials. Green roofing systems, which incorporate vegetation, and cool roofs, which reflect sunlight, are becoming popular choices for commercial buildings aiming to reduce their environmental impact. Solar roofing systems, which integrate photovoltaic panels, allow buildings to generate renewable energy. Technological innovations in material science are also enhancing the lifespan and performance of roofing products, with newer materials offering better insulation, fire resistance, and weatherproofing.

Which Regions and Industries Are Leading the Demand for Roofing Materials?
The construction and real estate sectors are the largest consumers of commercial roofing materials. In regions such as North America and Europe, the demand for roofing materials is driven by the need for roof replacements in aging infrastructure, as well as new construction projects. Emerging markets in Asia-Pacific and Latin America are also contributing to growth, with rapid urbanization and industrial development leading to increased commercial construction activity. The rise of green building certifications and energy efficiency standards is pushing businesses to adopt more advanced and eco-friendly roofing solutions.

What Are the Key Growth Drivers of the Commercial Roofing Materials Market?
The growth in the commercial roofing materials market is driven by several factors, including the rising demand for energy-efficient buildings, advancements in material technology, and increased construction activities in emerging economies. As more businesses adopt green building practices, the demand for sustainable and energy-saving roofing solutions is on the rise. Technological advancements in materials, such as increased durability and weather resistance, are also contributing to market growth. Additionally, government regulations and incentives aimed at promoting energy efficiency and sustainability are encouraging building owners to invest in advanced roofing systems.

Select Competitors (Total 44 Featured) -

• Atlas Roofing Corporation
• Carlisle Companies, Inc.
• CertainTeed Corporation
• Duro-Last, Inc.
• Firestone Building Products Company
• GAF
• IKO Industries Ltd.
• Johns Manville Corporation
• Owens Corning
• TAMKO Building Products, Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.