Global Stone Coated Steel Roofing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stone Coated Steel Roofing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stone Coated Steel Roofing is made from steel sheets, and then coated with stone granules. Stone Coated Steel roofing combines the industrial strength of steel with the elegance of traditional roofing materials like shingles, shakes, and tiles.

Market Overview:

The latest research study on the global Stone Coated Steel Roofing market finds that the global Stone Coated Steel Roofing market reached a value of USD 881.57 million in 2022. It’s expected that the market will achieve USD 1437.05 million by 2028, exhibiting a CAGR of 8.48% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Stone Coated Steel Roofing industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

The relatively high initial cost and noise expansion

The start-up cost of Stone Coated Steel Roofing is higher than almost any other roofing project. The price is nearly three times more expensive than the asphalt roof of the same size. In the long run, this extra cost also means higher insurance premium. Stone Coated Steel Roofing can block heat, but it can't block noise caused by wind, rain and hail. And steel and stones amplify the sound of extreme weather, creating a seemingly endless noise on a particularly stormy night. Using extra insulating materials to reduce noise will increase the budget. The relatively high initial cost and noise expansion may affect the downstream customers' demand for Stone Coated Steel Roofing.

The increase of natural disasters such as hurricanes and wildfires

As a result of global warming, the sea level continues to rise, which increases the risk of storm surges-dangerously high floods caused by storms pushing water ashore. These floods are the main cause of damage caused by hurricanes, especially in densely populated coastal cities. Global warming means that the average soil moisture decreases, which means that these things are easier to burn. The demand for metal roof is on the rise, because it can better withstand the air embers of hurricanes, hail and wildfires that fall on the roofs of residential and commercial buildings. In 2017, the hurricane season was one of the worst ever. Wildfires in the west destroyed more than 8,400 buildings and damaged countless buildings in California alone. The increase of natural disasters such as hurricanes and wildfires may bring new opportunities to Stone Coated Steel Roofing industry.

Region Overview:

In 2022, the share of the Stone Coated Steel Roofing market in United States stood at 49.78%.

Company Overview:

IKO Industries is one of the major players operating in the Stone Coated Steel Roofing market, holding a share of 20.95% in 2022.

IKO Industries

IKO is now a worldwide enterprise with more than 3,500 employees and more than 25 manufacturing plants in Canada, the United States, England, Belgium, Holland, France and Slovakia. The company ships roofing products to 96 countries around the globe.

Westlake Royal Roofing Solutions

Westlake Royal Roofing Solutions™ is the combination of the former Boral North America roofing product lines and DaVinci® Roofscapes. The company is a recognized, national leader in durable and sustainable clay, composite, concrete, and steel roof systems and components. The company’s offerings include US Tile® products, a legacy line of premium, stunning clay tile solutions manufactured to the highest standard of sustainability and craftsmanship; Newpoint™ Concrete Tile Roofing, the enduring line of concrete tile known for its superior strength, Class A fire rating and long-lasting beauty; Unified Steel™ Stone Coated Roofing, the ultra-lightweight roofing system which benefits from the structural strength of steel; Westlake Royal Roofing Components™, a full line of integrated roof components designed to deliver a higher standard of roof installation and performance; and DaVinci® Roofscapes, beautiful and durable composite slate and shake roofing tiles.

Segmentation Overview:

By type, Classic Tile (Stone Coated Steel Tile) segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 63.33% in 2022.

Key Companies in the global Stone Coated Steel Roofing market covered in Chapter 3:

Westlake Royal Roofing Solutions
CAILIN
Jinhu Aluminum Group
Quarrix
Evertile
Shandong VISION Group
Roser Roofing Systems
Varitile
Global Housing
IKO Industries
Tefute Building Materials

In Chapter 4 and Chapter 14.2, on the basis of types, the Stone Coated Steel Roofing market from 2018 to 2029 is primarily split into:

Classic Tile (Stone Coated Steel Tile)
Stone Coated Steel Shake
Stone Coated Steel Shingle

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stone Coated Steel Roofing market from 2018 to 2029 covers:

Residential
Commercial
Institutional

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)