Press release
Commercial Roofing Market - Global Industry Analysis, Growth, Trends and Forecast 2019
Commercial roofing represents a wide range of roofing solutions used in the exterior part of a structure or a building. These roofing solutions are made from a variety of materials such as asphalt, rubber, asbestos, stone slabs and wood. Different roofing products such as asphalt shingle, rubber shingle and wood shingles are manufactured which are used in certain commercial applications such as hotels, offices, malls and medical centers.The commercial roofing industry has remained a vital part of the industry despite being negatively impacted by global economic downturn. However, it is currently facing the challenge of manufacturing systems and products to meet energy conservation guidelines and stringent building codes while continuing to meet property owner expectations for performance. Therefore, products and systems are being developed for increased insulation, high performance and reflectivity in order to provide opportunities for systematic energy efficiency gains.
The growth of the construction industry has been one of the major factors driving the commercial roofing market. Increasing commercialization and rising disposable income of consumers have further contributed to the growth of the market. However, fluctuating prices of certain energy sources used in the manufacturing process such as crude oil have increased the risk of limitation and unavailability, leading to either reformulation of the products or limiting the production. Increasing use of roofing products in green building projects is expected to provide new opportunities for the growth of the market as buildings with low environmental impacts are growing in importance driving changes in the process of operating designing the buildings.
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North America was the major consumer in the commercial roofing market, followed by Europe. However, growing construction market in emerging economies such as China and India has led to the market penetration in developing regions such as Asia-Pacific.
Atlas Roofing, Building Products of Canada, CertainTeed Corporation, Genflex Roofing Sytems, Roofscapes Inc., and Weston Solutions Inc. are some of the key companies dominating the commercial roofing market.
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