Press release
Commercial Roofing Market was valued nearly USD 11.90 Bn in 2023. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 percentage & is expected to reach at USD 18.13 Bn. by 2030.
Commercial Roofing Market
Commercial Roofing Market was valued nearly USD 11.90 Bn in 2023. Commercial Roofing Market size is estimated to grow at a CAGR of 6.2 percentage & is expected to reach at USD 18.13 Bn. by 2030.
Commercial Roofing Market Overview:
The Commercial Roofing Market, valued at approximately USD 11.90 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 6.2% through 2030, reaching an estimated USD 18.13 billion. The market's expansion is driven by the increasing demand for cost-effective roofing solutions, such as flat and low-sloped roofs, which are favored in commercial settings for their lower material requirements and easier installation. As the construction industry continues to grow globally, the commercial roofing market is expected to see sustained growth, driven by advancements in materials and a shift toward more environmentally friendly roofing options.
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Drivers in the Commercial Roofing Market:
The growth of the Commercial Roofing Market is propelled by the booming construction industry, increasing consumer disposable income, and the rise in commercialization across various sectors. Additionally, the need for energy-efficient and high-performance roofing materials, coupled with stringent building regulations, has led manufacturers to innovate and develop solutions that meet these new standards, further fueling market growth.
Commercial Roofing Market Trends:
Recent trends in the Commercial Roofing Market highlight a shift towards environmentally sustainable roofing solutions, driven by the growing popularity of green buildings. Advanced roofing materials that offer enhanced energy efficiency and reduced environmental impact are gaining traction, as property owners and developers prioritize sustainability. Additionally, fluctuations in energy prices and regulatory changes are pushing the industry towards adopting more resilient and adaptable roofing technologies.
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Commercial Roofing Market Opportunities:
The rise in the construction of green buildings presents significant opportunities in the Commercial Roofing Market. The increasing adoption of advanced roofing solutions, such as spray polyurethane foam (SPF) and single-ply membranes, is expected to drive market growth. These materials are favored for their durability, energy efficiency, and lower environmental impact, aligning with the growing emphasis on sustainable construction practices globally.
What is Commercial Roofing Market Regional Insight?
The Asia-Pacific (APAC) region is projected to dominate the Commercial Roofing Market during the forecast period, driven by rapid urbanization, growing construction activities, and increased demand for roofing materials in countries like China, Japan, and South Korea. Meanwhile, North America is expected to witness significant growth, fueled by the demand for commercial roofing in various sectors such as healthcare, education, and retail across the U.S., Canada, and Mexico.
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Segmentation Analysis of the Commercial Roofing Market
by Material Type
Single-Ply Membrane Roofing
Ethylene Propylene Diene Monomer
Polyvinyl Chloride
by Roof Type
Low Sloped Roofs
Flat Roofs
Pitched Roofs
by End-Users
Hospitals & Healthcare
Educational Institutes
Hotels & Restaurants
Banks & Financial Institutions
Airports
Hyper & Super Market
Shopping Malls
Others
Who is the largest manufacturers of Commercial Roofing Market worldwide?
1. Atlas Roofing Corporation
2. Duro-Last Inc.
3. BASF SE
4. 3M Company
5. Dow Chemical Company
6. Owens Corning
7. Standard Industries Inc.
8. E.I. du pont de Nemours Company
9. 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.
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Key Offerings:
Past Market Size and Competitive Landscape
Commercial Roofing Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Commercial Roofing Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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