Roofing products are generally referred to the products those form the outermost layer of a building or structure. The outer layer of roof shows variations and high deviation in the properties which generally depends upon the type of supporting structure and overall availability of material. Various raw materials used in the manufacturing of roofing materials include natural products including slates and thatches as well as commercially available products including plastic sheeting and tiles. Roofing materials are generally installed on the top of a water resistant secondary material called as underlayment. Such products mainly provide shelter using several natural materials. Roofing products are manufactured from a wide variety of materials such as metal, bitumen, clay and cement among others. Roofing products are most commonly used in a wide array of applications including non-residential construction, residential construction as well as commercial construction such as offices, buildings, educational institutes, hotels and public outlets. A roof is considered to be a part of a building envelope and is the outer covering placed on the uppermost part of any shelter or building to provide protection against weather and animals.
Some of the emerging trends posing a direct and a significant impact on the global roofing market include increasing use of eco-friendly materials in roofing, development of energy efficient cool roofs as well as increasing demand for new generation single ply technology in commercial roofing processes. Increasing development of new commercial buildings such as shopping malls and hotels has significantly boosted the overall demand for more efficient and improved roofing solutions. In addition, the rising concerns regarding energy consumption in buildings has led the building owners and construction firms to invest sums of amount in energy efficient roofing procedures. Increasing need for affordable homes is another key factor expected to bolster the growth of global roofing market over the forecast period. Rapid rise in urban population is in turn attracting large investments by governments for the development of residential buildings especially in developing economies such as Russia, India and Nigeria. Also, rapid growth of global construction industry as well as increase in construction activities including institutions, amusement parks and hospitals owing to the rapid urbanization are some other major factors anticipated to boost the overall demand for roofing in the foreseeable years. However, some key factors such as high cost of production of roofing materials coupled with huge installation costs are estimated to hinder the growth of global roofing market.
The global roofing market can be segmented on the basis of type, application and geography. On the basis of type, the global roofing market can be segmented into bituminous roofing, metal roofing, tile roofing and others (RCC, plastics, polymers, fibers etc.). On the basis of application, the global roofing market can be segmented into residential, industrial, commercial and non-residential. On the basis of region, the global roofing market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Major players operating in the global roofing market are focusing on some key market strategies such as mergers and acquisitions, new product launches and innovation in product development to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the key players involved in the manufacture and supply of roofing products include Duro-Last Roofing, Inc., Atlas Roofing Corporation, Braas Monier Building Group Services S.A., CertainTeed Corporation, Johns Manville, GAF, Owens Corning, IKO Industries Ltd., TAMKO Building Products, Inc., Carlisle and Firestone Building Products Company among others.
Market by Type
· Bituminous roofing
· Metal roofing
· Tile roofing
· Others (RCC, plastics, polymers, fibers etc)
Market by Application
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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