The current rate of growth shown by the global commercial roofing materials market is primarily attributed to the high volume of activities in the global construction Industry. With both construction and restoration works in full swing across the world, the manufacturers of commercial roofing materials are finding a considerable scope of opportunities. The market is also being driven by the increasing use of single-ply roofing systems, which are flexible and cost-effective, along with the especially high rate of re-roofing activities in the developed economies of the world. However, the global commercial roofing materials market is being restricted strongly by the high installation costs and product lifespan variation, both problems that are leading to a greater reluctance and confusion among consumers in terms of choosing between the different types of commercial roofing.
In terms of revenue, the global commercial roofing materials market was valued at US$7.5 bn in 2015, and is expected to reach US$10.38 bn by 2024, after expanding at a CAGR of 3.6% within a forecast period from 2016 to 2024.
Geographically, the global commercial roofing materials market can be segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America accounted for the dominant share in the global commercial roofing materials market followed by Asia Pacific and then Europe, for 2015. Asia Pacific is, however, currently leading the market in terms of its attractive index in terms of future growth. This region holds a heavy rate of growth in its construction industry as well as re-roofing activities, thereby garnering a large level of attention from several of the leading players in this market. Latin America is another potentially attractive region for manufacturers of commercial roofing materials for similar reasons. North America is a matured markets for commercial roofing materials market and so the growth rate is likely to be slower compared to the global average.
The global commercial roofing materials market has been segmented on the basis of building type, into low sloped roofing and step sloped roofing. Low sloped roofing accounted for the leading share in the global commercial roofing materials market for 2015 and it is expected to remain in the lead over the coming years. Based on the type of materials, the global commercial roofing materials market is segregated into single-ply products, modified bitumen materials, spray polyurethane foam, built-up roofing, metal and a collective segment comprising of minority commercial roofing materials used. Of these, the market was dominated by modified bitumen materials in 2015, on the basis of revenue generated, and single-ply products in terms of volume. Single-ply products are further identified as ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO), and polyvinyl chloride (PVC).
The lead in revenue generation achieved by low sloped roofing in the global commercial roofing materials market for 2015 can be attributed to an increase in re-roofing activities and a rise in the use of single-ply products.
Till 2015, some of the leading players in the global commercial roofing materials market included GAF, TAMKO Building Products, Inc., CertainTeed Corporation, Owens Corning Corporation, Firestone Building Products Company, Duro-Last Inc., Johns Manville Corporation, Carlisle Companies Incorporated, Atlas Roofing Corporation, and IKO Industries Ltd.
Green Roofing to Gather Massive Steam among Architects and Consumers in Commercial Roofing Materials Market
The global commercial roofing materials market has made continuous strides. New materials are being tested that cannot just improve longevity of the roofs but also become remarkable heat islands. Rise in expenditure on commercial construction of buildings, especially in developing and emerging economies, has helped in the commercialization of new array of materials over the past few decades. Rise in number of reroofing activities has also spurred the sales of products in the commercial roofing materials market. Some of the more common products in demand are built-up roofing membrane, metal roofing, modified bitumen roofing, thermoset roof membrane, thermoplastic roof membrane, and green roofing systems. Over the years, one of the category of roofing materials that has earned wide traction is metal roofs. These roofs gained popularity due to their high aesthetic value and some other desirable roof characteristics, such as being high on fire resistance ratings. Nevertheless, over the years, relentless efforts are being to explore more sustainable commercial roofing materials. In particular, green roofing has caught on substantial momentum across all stakeholders in the commercial roofing materials market. The need for reducing the temperature of road surface and the surrounding air has made green roofs as a potentially lucrative candidate in the market. In particular, urban commercial constructions are increasingly adopting green roofs.
The COVID-19 pandemic is still emerging in some parts of the world. When it struck in 2019 and was declared as pandemic in 2020, it caused repercussion not imagined before. The caseloads soared in several developing and developed regions of the world, forcing governments to impose prolonged lockdowns to avoid spread of the virus. Also, focus on preventing community spread of the novel coronavirus has caused various economic activities to halt. This affected the businesses and numerous industries, with the emergence of new business normals including in commercial roofing materials market. Thus, players are leaning on engaging in new partnerships and strategic frameworks to reduce the shocks.
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Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Objectives
1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
Chapter 3 Executive Summary
3.1 Commercial Roofing Materials Market Snapshot
3.2 Market Opportunity Map
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trends Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.4 Drivers
4.4.1 Growth in the construction industry
4.4.2 Increasing use of single ply roofing systems
4.4.3 Re-roofing activities
4.5 Restraints
4.5.1 High installation costs and product lifespan variation
4.6 Opportunity Analysis
Chapter 5 Commercial Roofing Materials Market Analysis, by Building Type
5.1 Key Trends
5.2 Introduction
5.3 Global Commercial Roofing Materials Market Revenue Share Analysis, by Building Type
5.4 Global Commercial Roofing Materials Market Volume Share Analysis, by Building Type
5.5 Global Commercial Roofing Materials Market Analysis, by Building Type
5.5.1 Low Sloped Roofing
5.5.2 Steep Sloped Roofing
5.6 Global Commercial Roofing Materials Market Analysis, by Building Type, 2015-2024
Chapter 6 Global Commercial Roofing Materials Market Analysis, by Materials Type
6.1 Key Trends
6.2 Introduction
6.3 Global Commercial Roofing Materials Market Revenue Share Analysis, by Materials Type
6.4 Global Commercial Roofing Materials Market Volume Share Analysis, by Materials Type
6.5 Global Commercial Roofing Materials Market Analysis, by Materials Type
6.5.1 Single Ply Products
6.5.1.1 Ethylene Propylene Diene Monomer (EPDM)
6.5.1.2 Thermoplastic Polyolefin (TPO)
6.5.1.3 Polyvinyl Chloride (PVC)
6.5.2 Modified Bitumen Materials
6.5.3 Spray Polyurethane Foam
6.5.4 Built-Up Roofing
6.5.5 Metals
6.5.6 Others
6.6 Global Commercial Roofing Materials Market Analysis, by Materials Type, 2015-2024
Chapter 7 Global Commercial Roofing Materials Market Analysis, by Region
7.1 Global Regulatory Scenario
7.2 Introduction
7.3 Global Commercial Roofing Materials Market Revenue Share Analysis, by Region
7.4 Global Commercial Roofing Materials Volume Share Analysis, by Region
7.5 Global Commercial Roofing Materials Market Revenue Forecast, by Region
Chapter 8 North America Commercial Roofing Materials Market Analysis
8.1 North America Commercial Roofing Materials Market Overview
8.2 North America Commercial Roofing Materials Market Analysis, by Building Type
8.3 North America Commercial Roofing Materials Market Analysis, by Materials Type
8.4 North America Commercial Roofing Materials Market Analysis, by Single Ply Roofing
8.5 North America Commercial Roofing Materials Market Analysis, by Market Segmentation
8.6 North America Commercial Roofing Materials Market Forecast, by Country
8.7 North America Commercial Roofing Materials Market Analysis, by Market Segmentation, 2015-2024
Chapter 9 Europe Commercial Roofing Materials Market Analysis
9.1 Europe Commercial Roofing Materials Market Overview
9.2 Europe Commercial Roofing Materials Market Analysis, by Building Type
9.3 Europe Commercial Roofing Materials Market Analysis, by Materials Type
9.4 Europe Commercial Roofing Materials Market Analysis, by Single Ply Roofing
9.5 Europe Commercial Roofing Materials Market Analysis, by Market Segmentation
9.6 Europe Commercial Roofing Materials Market Forecast, by Country
9.7 Europe Commercial Roofing Materials Market Analysis, by Market Segmentation, 2015-2024
Chapter 10 Asia-Pacific Commercial Roofing Materials Market Analysis
10.1 Asia-Pacific Commercial Roofing Materials Market Overview
10.2 Asia-Pacific Commercial Roofing Materials Market Analysis, by Building Type
10.3 Asia-Pacific Commercial Roofing Materials Market Analysis, by Materials Type
10.4 Asia-Pacific Commercial Roofing Materials Market Analysis, by Single Ply Roofing
10.5 Asia-Pacific Commercial Roofing Materials Market Analysis, by Market Segmentation
10.6 Asia-Pacific Commercial Roofing Materials Market Forecast, by Country
10.7 Asia-Pacific Commercial Roofing Materials Market Analysis, by Market Segmentation, 2015-2024
Chapter 11 Middle East & Africa Commercial Roofing Materials Market Analysis
11.1 Middle East & Africa Commercial Roofing Materials Market Overview
11.2 Middle East & Africa Commercial Roofing Materials Market Analysis, by Building Type
11.3 Middle East & Africa Commercial Roofing Materials Market Analysis, by Materials Type
11.4 Middle East & Africa Commercial Roofing Materials Market Analysis, by Single Ply Roofing
11.5 Middle East & Africa Commercial Roofing Materials Market Analysis, by Market Segmentation
11.6 Middle East & Africa Commercial Roofing Materials Market Forecast, by Country
11.7 Middle East & Africa Commercial Roofing Materials Market Analysis, by Market Segmentation, 2015-2024
Chapter 12 Latin America Commercial Roofing Materials Market Analysis
12.1 Latin America Commercial Roofing Materials Market Overview
12.2 Latin America Commercial Roofing Materials Market Analysis, by Building Type
12.3 Latin America Commercial Roofing Materials Market Analysis, by Materials Type
12.4 Latin America Commercial Roofing Materials Market Analysis, by Single Ply Roofing
12.5 Latin America Commercial Roofing Materials Market Analysis, by Market Segmentation
12.6 Latin America Commercial Roofing Materials Market Forecast, by Country
12.7 Latin America Commercial Roofing Materials Market Analysis, by Market Segmentation, 2015-2024
Chapter 13 Company Profiles
13.1 GAF
13.1.1 Company Details (HQ, Foundation Year, Employee Strength)
13.1.2 Market Presence, By Segment and Geography
13.1.3 Key Developments
13.1.4 Strategy and Historical Roadmap
13.1.5 Revenue and Operating Profits
13.2 CertainTeed Corporation
13.2.1 Company Details (HQ, Foundation Year, Employee Strength)
13.2.2 Market Presence, By Segment and Geography
13.2.3 Key Developments
13.2.4 Strategy and Historical Roadmap
13.2.5 Revenue and Operating Profits
13.3 TAMKO Building Products, Inc.
13.3.1 Company Details (HQ, Foundation Year, Employee Strength)
13.3.2 Market Presence, By Segment and Geography
13.3.3 Key Developments
13.3.4 Strategy and Historical Roadmap
13.3.5 Revenue and Operating Profits
13.4 Firestone Building Products Company
13.4.1 Company Details (HQ, Foundation Year, Employee Strength)
13.4.2 Market Presence, By Segment and Geography
13.4.3 Key Developments
13.4.4 Strategy and Historical Roadmap
13.4.5 Revenue and Operating Profits
13.5 Owens Corning Corporation
13.5.1 Company Details (HQ, Foundation Year, Employee Strength)
13.5.2 Market Presence, By Segment and Geography
13.5.3 Key Developments
13.5.4 Strategy and Historical Roadmap
13.5.5 Revenue and Operating Profits
13.6 Johns Manville Corporation
13.6.1 Company Details (HQ, Foundation Year, Employee Strength)
13.6.2 Market Presence, By Segment and Geography
13.6.3 Key Developments
13.6.4 Strategy and Historical Roadmap
13.6.5 Revenue and Operating Profits
13.7 Duro-Last Inc.
13.7.1 Company Details (HQ, Foundation Year, Employee Strength)
13.7.2 Market Presence, By Segment and Geography
13.7.3 Key Developments
13.7.4 Strategy and Historical Roadmap
13.7.5 Revenue and Operating Profits
13.8 Atlas Roofing Corporation
13.8.1 Company Details (HQ, Foundation Year, Employee Strength)
13.8.2 Market Presence, By Segment and Geography
13.8.3 Key Developments
13.8.4 Strategy and Historical Roadmap
13.8.5 Revenue and Operating Profits
13.9 Carlisle Companies Incorporated
13.9.1 Company Details (HQ, Foundation Year, Employee Strength)
13.9.2 Market Presence, By Segment and Geography
13.9.3 Key Developments
13.9.4 Strategy and Historical Roadmap
13.9.5 Revenue and Operating Profits
13.10 IKO Industries Ltd.
13.10.1 Company Details (HQ, Foundation Year, Employee Strength)
13.10.2 Market Presence, By Segment and Geography
13.10.3 Key Developments
13.10.4 Strategy and Historical Roadmap
13.10.5 Revenue and Operating Profits
List of Tables
1 Global Commercial Roofing Materials Market Revenue Forecast, by Region
2 North America Commercial Roofing Materials Market Forecast, by Country
3 Europe Commercial Roofing Materials Market Forecast, by Country
4 Asia-Pacific Commercial Roofing Materials Market Forecast, by Country
5 Middle East & Africa America Commercial Roofing Materials Market Forecast, by Country
6 Latin America Commercial Roofing Materials Market Forecast, by Country
List of Figures
1 Research Methodology
2 Market Snapshot (US$ Mn)
3 Global Commercial Roofing Materials Market Revenue Share Analysis, by Building Type (US$ Mn)
4 Global Commercial Roofing Materials Market Volume Share Analysis, by Building Type (Kilo Tons)
5 Global Commercial Roofing Materials Market for Low Sloped Roofing, Revenue (US$) and Volume (Kilo Tons)
6 Global Commercial Roofing Materials Market for Steep Sloped Rofing, Revenue (US$) and Volume (Kilo Tons)
7 Global Commercial Roofing Materials Market Attractive Analysis, By Ingredients Type, 2015
8 Global Commercial Roofing Materials Market Revenue Share Analysis, by Materials Type (US$ Mn)
9 Global Commercial Roofing Materials Market Volume Share Analysis, by Materials Type (Kilo Tons)
10 Global Commercial Roofing Materials Market for Single Ply Products, Revenue (US$) and Volume (Kilo Tons)
11 Global Commercial Roofing Materials Market for Modified Bitumen Materials, Revenue (US$) and Volume (Kilo Tons)
12 Global Commercial Roofing Materials Market for Spray Polyurethane Foam, Revenue (US$) and Volume (Kilo Tons)
13 Global Commercial Roofing Materials Market for Built-Up Roofing, Revenue (US$) and Volume (Kilo Tons)
14 Global Commercial Roofing Materials Market for Metals, Revenue (US$) and Volume (Kilo Tons)
15 Global Commercial Roofing Materials Market for Others, Revenue (US$) and Volume (Kilo Tons)
16 Global Commercial Roofing Materials Market for Ethylene Propylene Diene Monomer (EPDM), Revenue (US$) and Volume (Kilo Tons)
17 Global Commercial Roofing Materials Market for Thermoplastic Polyolefin (TPO), Revenue (US$) and Volume (Kilo Tons)
18 Global Commercial Roofing Materials Market for Polyvinyl Chloride (PVC), Revenue (US$) and Volume (Kilo Tons)
19 Global Commercial Roofing Materials Market Attractive Analysis, By Materials Type, 2015
20 Global Commercial Roofing Materials Market Revenue Share Analysis (US$ Mn), 2015-2024, by Region
21 Global Commercial Roofing Materials Market Volume Share Analysis (Kilo Tons), 2015-2024, by Region
22 North America Commercial Roofing Materials Market Overview
23 North America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Building Type
24 North America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Materials Type
25 North America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), By Single Ply Roofing
26 North America Commercial Roofing Materials Market Analysis, by Market Segmentation
27 North America Commercial Roofing Materials Market Analysis, by Country
28 Europe Commercial Roofing Materials Market Overview
29 Europe Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Building Type
30 Europe Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Materials Type
31 Europe Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), By Single Ply Roofing
32 Europe Commercial Roofing Materials Market Analysis, by Market Segmentation
33 Europe Commercial Roofing Materials Market Analysis, by Country
34 Asia-Pacific Commercial Roofing Materials Market Overview
35 Asia-Pacific Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Building Type
36 Asia-Pacific Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Materials Type
37 Asia-Pacific Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), By Single Ply Roofing
38 Asia-Pacific Commercial Roofing Materials Market Analysis, by Market Segmentation
39 Asia-Pacific Commercial Roofing Materials Market Analysis, by Country
40 Middle East & Africa Commercial Roofing Materials Market Overview
41 Middle East & Africa Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Building Type
42 Middle East & Africa Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Materials Type
43 Middle East & Africa Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), By Single Ply Roofing
44 Middle East & Africa Commercial Roofing Materials Market Analysis, by Market Segmentation
45 Middle East & Africa Commercial Roofing Materials Market Analysis, by Country
46 Latin America Commercial Roofing Materials Market Overview
47 Latin America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Building Type
48 Latin America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), by Materials Type
49 Latin America Commercial Roofing Materials Market Analysis Revenue (US$) and Volume (Kilo Tons), By Single Ply Roofing
50 Latin America Commercial Roofing Materials Market Analysis, by Market Segmentation
51 Latin America Commercial Roofing Materials Market Analysis, by Country
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Commercial Roofing Materials Market
*86 figures and 60 tables includes