Steel Roofing Market Expansion Continues, with Forecast Valuation of $4.82 Billion by 2029

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What Will the Steel Roofing Industry Market Size Be by 2025?
There has been a slight increase in the size of the steel roofing market in the past few years. It is projected to expand from a market value of $4.22 billion in 2024 to $4.27 billion in 2025, showing a compound annual growth rate (CAGR) of 1.3%. The notable progress during the historical period can be credited to trends in urbanization, expansion of the construction industry, a penchant for eco-friendly alternatives, regulatory measures by the government, and cost-effectiveness.

What's the Long-Term Growth Forecast for the Steel Roofing Market Size Through 2029?
The market size of steel roofing is anticipated to experience consistent expansion in the upcoming years, reaching a valuation of $4.82 billion by 2029 with a 3.0% Compound Annual Growth Rate (CAGR). Multiple factors contribute to this growth forecast, including population increase, environmental sensitivity, renovation and remodeling tendencies, disposable income growth, emphasis on energy conservation, and worldwide economic improvement. Noteworthy developments projected to happen within this period encompass the adoption of advanced roofing technologies, the emphasis on resilience against extreme climates, the emergence of pre-coated and pre-painted steel roofing goods, increased preference for modular and pre-fabricated steel roofing systems, and partnerships aimed at promoting eco-friendly roofing solutions.

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What Are the Key Growth Drivers Fueling the Steel Roofing Market Expansion?
The steel roofing market's growth is anticipated to be driven by the surge in investments related to residential building construction. Residential buildings, typically equipped with or without cooking or dining facilities, are structures built for habitation purposes and often include family dwellings, lodgings, or rooming houses. The use of steel roofing material in these constructions reduces the construction cost as it is typically used to cover rooftops. In support of this, the National UK-based Statistics Authority, the Office for National Statistics, cited an increase of 9.6% in total infrastructure investment by the general government in July 2024. This amounted to £26.0 billion (approximately $32.8 billion) with £19.3 billion (around $24.4 billion) from the central government and £6.7 billion (about $8.5 billion) from local governments. Transport projects saw £22.5 billion (roughly $28.5 billion), making up 74.2% of the overall investment, marking a 1.1-percentage point rise from the previous year. Hence, the advancing investments within residential building construction are the driving force behind the expansion of the steel roofing market.

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What Are the Key Trends Driving Steel Roofing Market Growth?
The primary trend gaining traction in the steel roofing market is product innovations. Key players in this market are focusing on releasing new innovative products. For example, PPG, a coatings manufacturing company based in the US, unveiled the PPG STEELGUARD 951 epoxy intumescent fire protection coating in September 2024. This groundbreaking product can provide up to four hours of fire protection for manufacturing facilities by forming a thick foam upon contact with heat. With a single application, it can achieve a dry-film thickness of up to 3,500 microns, and also includes a lifetime warranty on the coating's integrity, underlining PPG's dedication to quality and durability.

How Is the Steel Roofing Market Segmented?
The steel roofing market covered in this report is segmented -

1) By Type: Color Coated Roofing Sheets, Galvanized Sheets, Curving Sheets, Tile Roof Sheets, Other Types
2) By Construction Type: New Construction, Renovation
3) By End User: Residential, Commercial, Agricultural, Industrial

Subsegments:
1) By Color Coated Roofing Sheets: Pre-Painted Steel Sheets, Polyester Coated Sheets
2) By Galvanized Sheets: Hot-Dip Galvanized Sheets, Electro-Galvanized Sheets
3) By Curving Sheets: Arching Sheets, Profiled Curving Sheets
4) By Tile Roof Sheets: Metal Tile Sheets, Profiled Tile Sheets
5) By Other Types: Standing Seam Roofing, Composite Roofing Sheets, Specialty Roofing Sheets

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Which Companies Are Leading the Charge in Steel Roofing Market Innovation?
Major companies operating in the steel roofing market include Saint-Gobain SA, Nucor Corporation, BlueScope Steel Limited, Kingspan Group plc, Fletcher Building Limited, Carlisle Companies Inc., Cornerstone Building Brands Inc., Boral Limited, Lindab International AB, Chief Industries Inc., Metal Sales Manufacturing Corporation, McElroy Metal Inc., Drexel Metals Corporation, The OmniMax International Inc., Safal Group, Ideal Roofing Co Ltd., Interlock Roofing Ltd., Isopan S.p.A., Wella Corporation, ATAS International Inc., Tata Steel Europe Limited, Reed's Metals Inc., Future Roof Inc., Pruszynski Ltd., Balex Metal Sp. z o.o., Hangzhou Tianjing Building Materials Company, Singer-Ruser(HZ) Building Materials Tech. Co Ltd., Bjorkstrand Metal Roofing LLC, DECRA Roofing Systems Inc., Gerard Roofing Technologies, Hartman Roofing Inc.

Which Regions Are Leading the Global Steel Roofing Market in Revenue?
Western Europe was the largest region in the steel roofing market size in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steel roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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