The commercial roofing market is witnessing a period of evolution though the systems do not come in a one-size-fits-all model. The commercial roofing is sort of impenetrable material that is applied to roofs of the commercial structures in order to protect the workers as well as valuable assets from damage or demotion by the lash of natural calamities. The commercial roofs are among popular once, long lasting and highly versatile. It’s very crucial to scrutinize building’s location, physical characteristics of the roof, construction materials and applicability to evaluate which roofing system is most suitable. The roofs of the commercial nests come in an array of varieties such as rubber, asphalt, stone slabs, woods, and asbestos. They exploit applicability in hotels, malls, offices, and medical centers. The main aim of a roof system is to regulate the watertight integrity of a building and keep its contents dry.
Propelling growth in commercial construction credited to rapidly developing industrialization and speedy growth of urbanization is the main driver that stimulates the commercial roofing market growth on global scale. Furthermore, rising adoption and need for energy efficient and environment friendly roofing material and chemicals leads the market to grow further. Moreover, increasing usage of single ply roofing systems and growing re-roofing activities boosts market development. Besides that rise in disposable income, innovation in technology, increased knowledge among end-use sector and high expenditure on business acts in favour of commercial roofing market. However, huge manufacturing and installation cost and product lifespan variation are the factor that might confine the growth of the market. Increase in government investment in infrastructure sector, technological advancement in roofing material and chemical and emerging markets are high revenue pockets for manufacturer of roofing materials offers significant opportunity to market players. Nonetheless, less market penetration and economic deceleration in China and Europe reduces the demand for roofing products poses bigger challenge to the market.
SegmentationGlobal Commercial Roofing market has been segmented majorly on the basis of building type and materials. Depending upon the building type, market is segmented into: low sloped roofing and steep sloped roofing, while on the basis of materials used, market is bifurcated into: Built-up Roofing (BUR), Metals, Modified Bitumen Materials, Single-ply BUILDING TYPEs, Spray Polyurethane Foam (SPF), Others (Asphalt, Vegetative…)
Regional AnalysisRegionally, Asia Pacific, North America, Europe, Latin America, the Middle East and Africa comprise the key market segments of the global commercial roofing market. North America accounted for the largest market share followed by Asia-Pacific and Europe. North America is mature market for commercial roofing material therefore the growth rate is likely to be passive. However, growing construction activities in developing countries with major contribution from China and India leads to high market penetration in Asia-Pacific. Along with growth in construction industry the region also experiences elevated rate of re-roofing projects hence fetching large level of attention from several leading players from around the globe. Latin America is another potentially attractive region for manufacturers of commercial roofing materials for similar reasons.
Key Market Players
GAF , TAMKO Building TYPEs, Inc. , CertainTeed Corporation , Owens Corning Corporation , Firestone Building TYPEs Company , Duro-Last Inc. , Johns Manville Corporation , Carlisle Companies Incorporated, Atlas Roofing Corporation, IKO Industries Ltd
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