Commercial Roofing Market: A Promising Growth Trajectory Through 2030
Commercial Roofing Market: was valued nearly US$ 11.90 Bn in 2023. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 % & is expected to reach at US$ 18.13 Bn. by 2030.
Commercial Roofing Market Overview:
Commercial roofing, encompassing flat, low-sloped, and pitched roofs, remains a vital aspect of construction projects. Known for cost-efficiency and ease of installation, commercial flat roofs have emerged as a preferred choice. Major end-users include hospitals, educational institutions, hotels, airports, and shopping malls. With advancements in roofing materials and rising emphasis on energy efficiency, the industry continues to witness transformative growth.
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Commercial Roofing Market Scope:
The market is influenced by factors such as the growing construction industry, rising disposable incomes, and increasing adoption of sustainable building solutions. Manufacturers are developing high-performance roofing materials that align with stricter energy conservation standards and environmental requirements. However, challenges like fluctuating raw material prices and evolving regulations pose hurdles to growth.
Commercial Roofing Market Segmentation:
- By Roof Type:
- Low-Sloped Roofs
- Flat Roofs
- Pitched Roofs
Flat Roofs dominate the market due to lower material costs, ease of installation, and suitability for solar panels and other installations.
- By Material Type:
- Single-Ply Membrane Roofing (TPO, EPDM, PVC)
- Spray Polyurethane Foam Roofing
- Metal Roofing
- Asphalt Shingles
- Green Roofing
- Built-Up Roofing
- Modified Bitumen Roofing
Spray Polyurethane Foam Roofing and Single-Ply Membrane Roofing are expected to see significant growth due to durability and cost-efficiency.
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Commercial Roofing Market Major Manufacturers:
- Atlas Roofing Corporation
- Duro-Last Inc.
- BASF SE
- 3M Company
- Dow Chemical Company
- Owens Corning
- Standard Industries Inc.
- E.I. du pont de Nemours Company
- Berkshire Hathaway Inc.
10.Sika AG
11.Carlisle Companies Inc.
12.Certain Teed Corporation
13.Firestone Building Products Company
14.GAF
15.IKO Industries Ltd
16.TAMKO Building Products Inc.
- Regional Analysis:
- APAC Region: Projected to dominate the market by 2030, with key contributors including China, Japan, and South Korea. Growth is driven by new construction projects and refurbishment activities.
- North America: Expected to grow at a significant CAGR due to rising demand in sectors like healthcare, education, hospitality, and retail across the U.S., Canada, and Mexico.
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Key Questions Answered:
- What is the expected market size of the Commercial Roofing Market by 2030?
- Which region is anticipated to lead in market share during the forecast period?
- What are the major growth drivers for the Commercial Roofing Market?
- How are manufacturers addressing energy conservation and environmental regulations?
- What are the key trends in material and roof type adoption?
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