Press release
Unlocking Opportunities in the Residential Low Slope Roofing Market: 2025-2034 Forecast Report
Residential Low Slope Roofing Market Size
What Will the Residential Low Slope Roofing Industry Market Size Be by 2025?
In recent times, we've seen a significant expansion in the residential low slope roofing market, which is forecasted to grow from $19.7 billion in 2024 to $21.46 billion in 2025, representing a compound annual growth rate (CAGR) of 8.9%. The historical growth can be linked to the rising demand for energy-efficient roofing alternatives, escalation in residential construction activities, an intensified focus on minimising cooling expenses, a heightened emphasis on enhancing indoor air quality, and a surge in urbanisation and infrastructure growth.
What's the Long-Term Growth Forecast for the Residential Low Slope Roofing Market Size Through 2029?
The market for low slope roofing in the residential sector is anticipated to witness substantial expansion in the coming years, with projections indicating a rise to $29.78 billion by 2029 at a compound annual growth rate (CAGR) of 8.5%. The expected growth during the forecast period might be the result of escalating construction undertakings in residential sectors, an increasing preference for roofing systems that require minimal maintenance, a growing focus on improving property value, heightened consumer inclination towards budget-friendly roofing options, and the rising demand for roofing materials that can withstand various weather conditions. The forecast period might also see key trends such as the use of reflective roofing materials, the application of smart roofing technologies, the introduction of environmentally-friendly roofing solutions, improvements in roof insulation materials, and the implementation of green roof systems.
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What Are the Key Growth Drivers Fueling the Residential Low Slope Roofing Market Expansion?
The escalating need for solar panels is projected to stimulate the expansion of the residential low-slope roofing market. Solar panels, devices utilizing photovoltaic technology to convert sunlight into electricity, are seeing progressively more demand. The potent combination of the quest for renewable energy sources and favorable government regulations is fuelling this increased need for solar panels. Meanwhile, residential low-slope roofs offer an almost flat surface that allows for the perfect positioning and angling of solar panels for optimal sunlight capture. These roofs are not just safer but also more accessible for workers, making the installation of solar panels less risky and more time-efficient. For example, in August 2023, the US-based government agency Energy Information Administration (EIA) reported that the estimated shipment of solar photovoltaic panels in the United States witnessed an increase of 10% in 2022 compared to the previous year, achieving a new record of 31.7 million Kilowatt peak (kWp) shipped. And so, the burgeoning demand for solar panels is driving the residential low-slope roofing market's growth.
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What Are the Key Trends Driving Residential Low Slope Roofing Market Growth?
Leading firms in the residential low-slope roofing sector are pioneering the creation of ventilated synthetic roofing to boost energy efficiency, cut down on cooling costs, and extend the lifespan of roofs. Ventilated synthetic roofing is a roofing system engineered using synthetic materials, designed to promote airflow under the roof. This kind of ventilation aids in temperature regulation and minimization of moisture accumulation, thus enhancing the energy efficiency and durability of the roof. For example, in November 2022, CertainTeed, a company specializing in manufacturing building materials based in the US, introduced Roof Runner AIR, an advanced breathable synthetic roof underlayment. This product's multi-tiered design enhances drying speed and safeguards against moisture-induced damage, while its individual layers improve grip and minimize the occurrence of fastener pulls. This technological advancement augments the roofing's durability and protection, making it an invaluable entry in the residential low-slope roofing sector. The underlayment is fabricated from a synthetic polymer that provides outstanding resistance to water and slippage, guaranteeing safety and resilience during the installation phase.
How Is the Residential Low Slope Roofing Market Segmented?
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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Which Companies Are Leading the Charge in Residential Low Slope Roofing Market Innovation?
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 Regions Are Leading the Global Residential Low Slope Roofing Market in Revenue?
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.
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