Allied Market Research published a new report, titled, " Commercial Roofing Materials Market ". The report has offered an all-inclusive analysis of the global Commercial Roofing Materials Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

The Commercial Roofing Materials market is expected to grow significantly in terms of volume during the forecast period. The increased demand from the ceramic industry, development of the nuclear power plants, and upsurge in the use of surface coating are expected to drive the market in the up coming years. The development of the ceramic industry and accelerated use of tiles and granites in many counties drive the market growth.

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Key Influencing Factors

The surge in disposable income, coupled with easy access to loans and improved affordability, has empowered homeowners to invest more in refurbishment and renovation ventures. The heightened consumer inclination towards enhancing the aesthetic appeal of living spaces has created favorable conditions for increased product sales. Additionally, the imposition of stringent regulations promoting energy-efficient homes, along with a rising consumer interest in green building solutions, is expected to facilitate product penetration throughout the forecast period.

A rising awareness among consumers regarding energy-efficient roofing solutions, coupled with the increased research and development initiatives undertaken by various manufacturers to enhance the energy-efficient attributes of their products, is poised to further propel the demand for these products.



Covid-19 Impact Analysis

The coronavirus's unfavourable global effects are already evident, and they will have a big impact on the commercial roofing materials in 2020.
The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
Since the pandemic, the restriction of imports and exports has affected the commercial roofing materials market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemic.


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Market trends

New residential construction projects across the globe are supporting the market growth
New construction activities in the commercial roofing materials market are expected to have a growth rate led by growing industrialization in emerging countries and rapid urbanization. Several economies, such as India, Brazil, and others, are supporting the residential construction sector with customer-centric policies and launch of affordable housing schemes. Further, the easy availability of finance and increasing disposable income of middle-class families across the globe are impelling the materials demand.
Bituminous material dominates the market revenue owing to durability and economic choice and hence market demand has risen.
Bituminous materials, such as asphalt shingles, are the most common and preferred material choice in North America and Asia Pacific. A large number of roofs in the U.S. are using asphalt shingles. A wide range of product availability, durability, high fire and wind resistance, and good aesthetics are among the major advantages offered by the asphalt shingles. Further development of new asphalt shingles that withstand high impact are further supporting the material demand.
Asia-Pacific region will spur the market demand in the upcoming times
The dominance is attributed to strong economic growth of region. Presence of several product manufacturers along with the large population of region are driving the product growth. The region accounts for around half of the world’s population along with manufacturing hub for electronics and automotive industry. Further growing disposable income and booming residential sector across India, Indonesia, South Korea, and China are fuelling the industry growth.


Commercial Roofing Materials Market Report Highlights:

By Type:

Asphalt Shingles
Concrete & Clay Tile
Metal Roofs
Plastics
Others


By Material:

Asphalt
Clay
Concrete
Metal
Plastic
Others


By Application:

Residential
Commercial
Others


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Key Benefits of the Report

This study presents the analytical depiction of the commercial roofing materials industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the commercial roofing materials market share.
The current market is quantitatively analysed to highlight the commercial roofing materials market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed commercial roofing materials market analysis based on competitive intensity and how the competition will take shape in coming years.


Key players in the Commercial Roofing Materials Market:

IKO Industries Ltd
Carlisle Companies, Inc
Atlas Roofing Corporation
CertainTeed Corporation
Johns Manville Corporation
Owens Corning
TAMKO Building Products,Inc
GAF
Firestone Building Products Company
Duro-Last, Inc
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