Steep Slope Roofing Materials Market: Overview

  • Steep slope roofs have an inclined roof line and are generally used in residential structures. Different cool roofing techniques are used for steep slope roofs due to their varying structures and materials. Application of coatings over existing shingles can prevent them from drying and causing water damage. Steep slope roofs enhance the esthetic appearance of a building, possess long service life, resist the elements of nature, and are easy to maintain. 

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Asphalt Shingle Segment Dominates Steep Slope Roofing Materials Market

  • Asphalt shingles are composed of asphalt mats made from organic felts or fiberglass. Their Solar Reflectance Index (SRI) is relatively low; white shingles are just about 30% reflective.
  • Asphalt shingles are widely employed in the residential sector, as they are cost-effective and simple to install. Metal is a highly popular roofing material and possesses solar reflectance of more than 70%, thus allowing buildings to remain much cooler.
  • Metal roofing also helps lower the energy costs of buildings. Metal is also extremely durable and weather-resistant, lightweight, and 100% recyclable. 

Key Drivers of Steep Slope Roofing Materials Market

  • Significant expansion in the construction sector in developing countries and technological advancements have boosted the adoption of quality steep slope roofing systems
  • The construction industry in Asia Pacific and the Middle East has expanded at a rapid pace. This trend is expected to continue in the near future. Renowned construction firms are expanding their businesses in developing countries.
  • Concerns regarding the harmful effects of asbestos have been increasing in the last few years. Rise in disposable income and an increase in the overall economic activities have fueled the construction industry. This is boosting the steep slope roofing materials market.
  • Rise in construction activities is anticipated to lead to rapid expansion of residential and non-residential sectors in the near future. This is estimated to augment the steep slope roofing materials market.
  • The commercial renovation industry has been expanding at a steady pace. It is projected to expand at a moderate pace in the next few years, as more buildings would age and require renovation, maintenance, repair, and remodeling. The rate is expected to increase in the near future, owing to changes in consumer lifestyle, leading to high number of remodeling activities. 

Volatility of Raw Materials Likely to Hamper Market

  • Economic slowdown in some regions has adversely affected the construction industry, thereby negatively impacting the demand for steep slope roofing materials  

North America Expected to Hold Large Share of Global Steep Slope Roofing Materials Market

North America is a major region of the global steep slope roofing materials market. Steep slope roofing materials are generally utilized for residential roofing, as roofs of most single family homes in the U.S. are sloped.

  • The construction sector in the U.S. is estimated to expand at a faster pace compared to that in China during the forecast period. Rise in construction is projected to be prominent in the southern states of the country. Thus, increase in construction is expected to drive the steep slope roofing materials market in the region.
  • The building remodeling industry is a major end-user of steep slope roofing materials. Increase in remodeling activities in mature economies in North America and Europe is driving the demand for steep slope roofing materials in these regions.
  • The market in Asia Pacific is anticipated to expand at rapid pace during the forecast period, owing to the vast potential of the construction industry in the region. Increased emphasis on esthetic appearance among home owners in Europe is likely to drive the steep slope roofing material market in the region.
  • India fuels the global construction sector. The construction sector in the country is anticipated to expand almost twice as fast as that in China in the near future. The urban population in India is projected to increase. Rapid demand in construction rates in India will expand the market during the forecast period. This rapid growth of the construction is likely to boost the steep slope roofing material market in the region.
  • Governments of countries in Middle East & Africa are focused on providing affordable housing. This is anticipated to boost the construction industry in the region, thereby propelling the steep slope roofing materials market in Middle East & Africa. 

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Key Players in Steep Slope Roofing Materials Market

The global steep slope roofing materials market is highly fragmented, with the top manufacturers accounting for approximately 45% to 50% share of the global market. Key players operating in the steep slope roofing materials market include:

  • Nagao & Co., Ltd.
  • Owens Corning
  • Certainteed
  • Henry Company
  • Henry Company
  • IKO Industries Ltd.
  • Siplast
  • Others 

Global Steep Slope Roofing Materials Market: Research Scope

Global Steep Slope Roofing Materials Market, by Material

  • Asphalt Shingle
  • Tiles
  • Metal
  • Concrete
  • Slate
  • Wood

Global Steep Slope Roofing Materials Market, by Form

  • Strips
  • Laminates
  • Heavy Weight Laminates

Global Steep Slope Roofing Materials Market, by Application

  • New Construction
  • Re-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
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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. 

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