Global Commercial Roofing Materials Market Report, published by Variant Market Research, forecast that the global market is expected to reach $10 billion by 2024 from $8 billion in 2016, growing at a CAGR of 3.6% from 2016 to 2024. In geographical segments, Asia Pacific and Rest of the world are expected to grow at a CAGR of 5.6% and 3.5%, respectively, during the forecast period.
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Growth in disposable income, increasing commercialization and urbanization are the factors fueling the growth of global commercial roofing materials market. However, rising price of volatile crude oil and other energy sources may hamper the market growth in the near future. Growing construction activities, majorly in developing economies would generate new business opportunities for the market in the coming years.
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The global commercial roofing materials market is segmented into building type and materials type. Low sloped roofing and steep sloped roofing are the various classifications of building type segment. Single ply products, metals, spray polyurethane foam, modified bitumen materials, built-up roofing, and others are the various splits of materials type segment. Low sloped roofing generated maximum revenue in the overall building type segment in 2016. The fastest CAGR is expected by steep sloped roofing. The growth would be primarily attributed to rising spending on office, retail, and lodging construction.
North America, Europe, Asia-Pacific, and RoW. are the various geographical classifications of commercial roofing materials market. North America generated maximum revenue with a market share of 45.1% in the year 2016. The high growth is majorly seen due to growing infrastructural developments and re-roofing activities in the region. The second highest market share was accounted by Europe with 16%. The fastest growth rate is expected by Asia-Pacific, owing to the expanding construction activities in emerging economies such as China and India.
The major players in the market include GAF, Firestone Building Products Company, Owens Corning Corporation, Johns Manville Corporation, TAMKO Building Products Inc., CertainTeed Corporation, IKO Industries Ltd, Duro-Last Roofing Inc., Atlas Roofing Corporation, and Braas Monier Building Group, among others.
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Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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Scope of Commercial Roofing Materials Market
Building Type Segment
• Low sloped roofing
• Steep sloped roofing
Materials Type Segment
• Single ply products
• Modified bitumen materials
• Spray polyurethane foam
• Built-up roofing
• Metals
• Others
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

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