Press release
Growing Solar Panel Demand Drives Residential Low Slope Roofing Market Expansion: Major Factor in the Transformation of the Residential Low Slope Roofing Market in 2025
Residential Low Slope Roofing Market Size
In recent periods, there has been robust growth of the residential low slope roofing market. The market, currently worth $19.7 billion in 2024, is projected to increase to $21.46 billion in 2025, expanding at a compound annual growth rate (CAGR) of 8.9%. The driving forces behind the growth in the past include rising demand for energy-efficient roofing systems, the expansion of residential construction, an emphasis on cooling cost reduction, an increased attention towards enhancing the quality of the indoor air, and the surge in urbanization and infrastructure development.
The market size for residential low slope roofing is projected to experience robust growth in the upcoming years, escalating to $29.78 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this market growth during the predicted period include increased construction in residential areas, a higher preference for low maintenance roofing systems, a drive to improve property value, a greater consumer inclination for cost-effective roofing, and a rising demand for weather resistant roofing materials. Key trends during this forecast period encompass the adoption of reflective roofing materials, the incorporation of smart roofing technologies, the use of eco-friendly roofing solutions, improvements in roof insulation materials, and the embracing of green roof systems.
What Key Elements Are Boosting Growth in the Residential Low Slope Roofing Market?
The rise in demand for solar panels is anticipated to foster the expansion of the residential low-slope roofing market. As devices that convert sunlight into electricity using photovoltaic technology, solar panels are gaining popularity due to the increasing need for renewable energy and supportive governmental regulations. The relatively flat surface of residential low-slope roofs enables solar panels to be placed and angled for maximum sun exposure. These roofs are not only safer for workers to navigate but also make the installation of solar panels less risky and more efficient. For example, data from the Energy Information Administration (EIA), a US-based government agency, showed that the number of solar photovoltaic panel shipments within the U.S. escalated by 10% in 2022 compared to the prior year, achieving a record 31.7 million Kilowatt peak (kWp) shipped. Consequently, the escalating demand for solar panels is stimulating the growth of the residential low-slope roofing market.
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Who Are the Major Industry Players Fueling Residential Low Slope Roofing Market Expansion?
Major companies operating in the residential low slope roofing market are BASF SE, Sika AG, Owens Corning, Kingspan Group plc, Carlisle Construction Materials LLC, Johns Manville Inc., BMI Group Limited, CertainTeed Corporation, CentiMark Corporation, GAF Materials Corporation, Atlas Roofing Corporation, IKO Industries Ltd, The Garland Company Inc., TAMKO Building Products LLC, ProVia LLC, American Hydrotech Inc., GenFlex Roofing Systems LLC, Polyglass USA Inc, Malarkey Roofing Products Co., ATAS International Inc, ARAC Roof It Forward Inc., Hopkins Roofing LLC, Kemper System Inc., Mule-Hide Products Co Inc., Strategic Building Products LLC
Which Key Developments Are Influencing the Residential Low Slope Roofing Market?
Several leading companies in the residential low-slope roofing market are innovating by producing ventilated synthetic roofing to improve energy efficiency, decrease cooling costs, and extend roof lifespan. A roofing solution built from synthetic materials, ventilated synthetic roofing facilitates air circulation beneath the roof's surface. This feature controls the temperature, minimises moisture accumulation, thus increasing the energy efficiency and durability of the roof. For example, in November 2022, US-based building materials manufacturer CertainTeed introduced Roof Runner AIR, a breathable synthetic roof underlayment. With a multilayer architecture, this product facilitates speedy drying, averts moisture-related damages, and its distinct layers boost grip while mitigating fastener draws. This technological advancement enhances the durability and protection of roofs, making it a significant development in the residential low-slope roofing market. The underlayment is crafted from a synthetic polymer, offering superior resistance to water and slippage, promising safety and durability during the installation process.
How Is the Segmentation of the Residential Low Slope Roofing Market Defined?
The residential low slope roofingmarket covered in this report is segmented -
1) By Type: Ethylene Propylene Diene Monomer (EPDM) Roofing, Thermoplastic Olefin (TPO) Roofing, Polyvinyl Chloride (PVC) Roofing, Modified Bitumen Roofing, Other Types
2) By Roofing Material: Bituminous Roofing, Metal Roofing, Tile Roofing, Other Roofing Materials
3) By Application: Commercial, Residential, Industrial
Subsegments:
1) By Ethylene Propylene Diene Monomer (EPDM) Roofing: Fully Adhered EPDM Roofing, Ballasted EPDM Roofing, Mechanically Attached EPDM Roofing
2) By Thermoplastic Olefin (TPO) Roofing: Single-Ply TPO Membranes, Mechanically Fastened TPO Roofing, Fully Adhered TPO Roofing, Ballasted TPO Roofing
3) By Polyvinyl Chloride (PVC) Roofing: Single-Ply PVC Membranes, Mechanically Fastened PVC Roofing, Fully Adhered PVC Roofing, Reinforced vs. Non-Reinforced PVC
4) By Modified Bitumen Roofing: APP (Atactic Polypropylene) Modified Bitumen, SBS (Styrene-Butadiene-Styrene) Modified Bitumen, Self-Adhering Modified Bitumen Systems, Torch-Applied Modified Bitumen Systems
5) By Other Types: Spray Polyurethane Foam (SPF) Roofing, Built-Up Roofing (BUR), Green Roof Systems (Vegetative Roofs), Liquid Applied Roofing Systems
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What Is the Leading Region in the Residential Low Slope Roofing Market?
North America was the largest region in the residential low slope roofing market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the residential low slope roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Residential Low Slope Roofing Global Market Report?
- Market Size Analysis: Analyze the Residential Low Slope Roofing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Residential Low Slope Roofing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Residential Low Slope Roofing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Residential Low Slope Roofing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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