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Rising Investments In Residential Construction Fuel Growth In The Steel Roofing Market Driving Market Acceleration in the Steel Roofing Industry, 2025
Steel Roofing Market
How Large Will the Steel Roofing Market Size By 2025?
In recent times, there has been a slight decrease in the size of the steel roofing market. However, from 2024 to 2025, it is anticipated to expand from $4.22 billion to $4.2 billion, with a compound annual growth rate (CAGR) of -0.4%. This growth during the historic phase is attributable to factors such as trends in urbanization, development in the construction industry, a preference for sustainable options, government policies, and cost efficiency.
How Big Is the Steel Roofing Market Size Expected to Grow by 2029?
Over the next few years, the steel roofing market is anticipated to experience consistent growth, reaching a value of $4.64 billion by 2029 at a compound annual growth rate (CAGR) of 2.5%. This growth anticipated within the forecast period could be due to a number of factors, including population expansion, a greater emphasis on addressing climate change, a rise in renovation and remodeling trends, an increase in disposable income, a concentrated effort on energy efficiency, and overall global economic growth. Key trends that could shape the forecast period include the incorporation of smart technologies in roofing, a focus on solutions that are resilient to extreme climates and weather events, the emergence of pre-coated and pre-painted steel roofing products, increasing popularity of modular and prefabricated steel roofing systems, and meaningful partnerships aimed at promoting sustainable roofing solutions.
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Which Key Market Drivers Powering Steel Roofing Market Expansion and Growth?
The anticipated growth of the steel roofing market is likely to be fuelled by an escalation in investments geared towards residential building constructions. A residential building is characterized as a structure designed for housing or regular living purposes, which may or may not have provisions for cooking or dining. It can comprise of single or multiple-family dwellings, lodgings, or rooming houses. Steel roofing material, used to cap the rooftops of these buildings, contributes to a reduction in construction costs. As an example, the Office for National Statistics, a UK-based Statistics Authority, noted in July 2024 that total infrastructure investment by the general government increased by 9.6% in 2022, hitting £26.0 billion (approximately $32.8 billion). This figure included £19.3 billion (around $24.4 billion) from the central government and £6.7 billion (about $8.5 billion) from local government. The majority of this investment, £22.5 billion (roughly $28.5 billion) or 74.2%, was allocated to transport projects, marking a 1.1 percentage point growth from the previous year. Hence, the surge in investments in residential building construction is a significant factor propelling the steel roofing market's expansion.
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Which Emerging Trends Are Transforming the Steel Roofing Market in 2025?
Significant product advancements are becoming a leading trend in the steel roofing market as major firms introduce new, innovative solutions. For instance, in September 2024, U.S.-based coatings manufacturer PPG released its PPG STEELGUARD 951 epoxy intumescent fire protection coating. This groundbreaking product, which swells into a thick foam upon exposure to heat, can offer up to four hours of fire resistance for production facilities. With a dry-film thickness of up to 3,500 microns from just one application and a lifetime warranty for coating stability, the product underscores PPG's assurance of quality and longevity.
What Are the Emerging Segments in the Steel Roofing Market?
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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Who Are the Global Leaders in the Steel Roofing Market?
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 are the Top Profitable Regional Markets for the Steel Roofing Industry?
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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