Flat Roofing Market: Overview

Flat roof is a low-slope roof that is widely used in residential and commercial buildings. It is strong and flexible, and can last for 30 years. Easy to install than pitched roof, flat roof is manufactured either from concrete or timber.

Flat Roofing Market: Key Segments

Based on material, the global flat roofing market can be segmented into built-up roof (BUR), modified bitumen, rubber membrane, thermoplastic polyolefin (TPO), polyvinyl chloride (PVC), cold applied liquid membrane, and metal roof. In terms of application, the flat roofing market can be divided into residential, commercial, and industrial. BUR is a traditional roof made by utilizing gravel and hot tar. It is one of the cheapest roofs available in the flat roofing market which is ideal for deck applications.. It possesses certain characteristics such as excellent fire & wind resistance. BUR is quite heavy and difficult to install. On the other hand, modified bitumen is easy to install and contains light-colored mineral surface, which helps reflect much of the heat, thereby lowering energy consumption. Rubber membrane is manufactured by using ethylene propylene diene monomer (EPDM). These membranes are easy to install and possess excellent properties such as high resistant to tears and scuffs, waterproof, and lightness of weight. EPDM membranes are environmentally-friendly, as they are manufactured from recycled rubber. They insulate the roof against climatic conditions such as wind, water, and fire.

TPO is one of the green construction materials; it does not utilize plasticizer and offers excellent reflection properties that help in minimizing energy usage. TPO roofs provide resistance against UV radiation and are available in gray and white colors. PVC roofs are light in color and can be manufactured by reinforcing PVC with non-woven fiberglass or polyester. They contain plasticizers, which make them brittle during their lifecycle. Cold applied liquid membrane is proving an ideal choice of roofing, as it does not require heat sources during installation and provides excellent waterproofing during adverse climatic conditions. Metal roof is also gaining momentum in the construction industry due to its features such as high durability, recyclability, and insulation.

Flat Roofing Market: Drivers & Restraints

Rise in construction activities in developing countries and sub-regions such as China, India, ASEAN, Mexico, and GCC and increase in re-roofing activities in developed economies such as the U.S. and countries in Europe are the major drivers of the flat roofing market. Additionally, maintenance of industrial buildings such as warehouses, garages, and distribution centers is also boosting the market. Fluctuation in prices of petroleum-derived raw materials such as resins and gasoline and shortage of skilled labor in installing roofs are anticipated to restrain the flat roofing market during the forecast period. However, rise in demand for single-ply roofs and its beneficial properties such as easy installation, lower cost, and wide range of colors are expected to provide lucrative opportunities to manufacturers.

Flat Roofing Market: Regional Outlook

In terms of region, the flat roofing market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is the leading consumer of flat roofing, followed by North America, and Europe. Sales of flat roofing market are anticipated to increase in China, India, and ASEAN in Asia Pacific due to the expansion in the construction industry. Rise in demand for commercial buildings and industrial warehouses due to the increase in urbanization and industrialization is estimated to propel the flat roofing market in the region. Additionally, favorable government policies with respect to residential housing and FDI investment in the construction sector are projected to provide lucrative opportunities to roofing manufacturers. North America and Europe expected to offer immense to roofing manufacturers operating in the re-roofing sector. The flat roofing market in Latin America and Middle East & Africa is expanding at a moderate pace. It is likely to provide lucrative opportunities to roofing manufacturers due to the improvement in economy and expansion in the construction industry in these regions.

Flat Roofing Market: Key Players

Key players operating in the global flat roofing market include IKO Polymeric, Bauder Ltd, Sika AG, and Alliance Roofing

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Flat Roofing Market

Pre Book