Global Commercial Roofing Materials Market Size To Worth USD 14.03 Billion By 2033 | CAGR of 3.50%
Category: Advanced MaterialsGlobal Commercial Roofing Materials Market Size To Worth USD 14.03 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Commercial Roofing Materials Market Size is Expected to Grow from USD 9.95 Billion in 2023 to USD 14.03 Billion by 2033, Growing at a CAGR of 3.50% during the forecast period 2023-2033.
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Browse key industry insights spread across 250 pages with 110 Market data tables and figures & charts from the report on the "Global Commercial Roofing Materials Market Size, Share, and COVID-19 Impact Analysis, By Building Type (Low-Sloped Roofing, Steep-Sloped Roofing), By Materials Type (Single-Ply Products, Modified Bitumen Materials, Spray Polyurethane Foam (SPF), Built-Up Roofing (BUR), Metals, Others), By End-User (Hospitals & Healthcare, Educational Institutes, Hotels & Restaurants, Banks & Financial Institutions, Airports, Hyper & Supermarkets, Shopping Malls, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/commercial-roofing-materials-market
Commercial roofing materials are specialized materials designed for the construction and maintenance of roofs on commercial buildings. Commercial roofing materials are popular because of their longevity, aesthetic appeal, local climate conditions, ease of installation and maintenance, cost-effectiveness, weather resistance, and efficiency in a variety of architectural styles and environmental situations. Several significant factors, including rising urbanization and infrastructure development, are driving expansion in the commercial roofing materials market, increasing demand for roofing materials. However, the commercial roofing materials industry is hampered by various issues, including high initial prices, which might deter buyers, particularly small enterprises.
The low-sloped roofing segment is predicted to hold the largest market share through the forecast period.
Based on the building type, the commercial roofing materials market is classified into low-sloped roofing and steep-sloped roofing. Among these, the low-sloped roofing segment is predicted to hold the largest market share through the forecast period. The segment's prominence is owing to its versatility across numerous applications, cost-effectiveness of materials and installation, and compatibility with energy-efficient systems like green roofs and solar panels.
The single-ply products segment is anticipated to hold the highest market share during the projected timeframe.
Based on the material type, the commercial roofing materials market is divided into single-ply products, modified bitumen materials, spray polyurethane foam (SPF), built-up roofing (BUR), metals, and others. Among these, the single-ply products segment is anticipated to hold the highest market share during the projected timeframe. The segment's significance can be due to their ease of installation, lightweight nature, and adaptability, which makes them suited for numerous commercial applications.
The hospitals & healthcare segment is estimated to grow at the fastest CAGR growth through the projected period.
Based on the end-user, the commercial roofing materials market is categorized into hospitals & healthcare, educational institutes, hotels & restaurants, banks & financial institutions, airports, hyper & supermarkets, shopping malls, and others. Among these, the hospitals & healthcare segment is estimated to grow at the fastest CAGR growth through the projected period. Hospitals often need long-lasting, low-maintenance roofing systems that can endure a variety of environmental conditions, fueling the demand for proficient roofing materials in the hospital and healthcare industries.
North America is estimated to hold the largest share of the commercial roofing materials market over the forecast period.
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North America is estimated to hold the largest share of the commercial roofing materials market over the forecast period. Several reasons contribute to the region's leadership, including strong commercial development activity, an increasing emphasis on building renovation, and breakthroughs in roofing technology.
Asia Pacific is predicted to have the highest CAGR growth in the commercial roofing materials market over the forecast period. The rapid expansion can be attributed to rapid urbanization, increased infrastructure development, and a surge in commercial construction activities across countries like China, India, and Japan.
Major key players in the commercial roofing materials market include GAF, CertainTeed Corporation, Owens Corning, Firestone Building Products, Sika AG, IKO Industries Ltd., Duro-Last Inc., Tremco Incorporated, Johns Manville, Atlas Roofing Corporation, BMI Group, Malarkey Roofing Products, Versico Roofing Systems, Tamko Building Products, and Others.
Recent Developments
- In January 2023, Duro-Last Inc. introduced a low-slope roofing solution that reduces replacement costs and waste.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the commercial roofing materials market based on the below-mentioned segments:
Global Commercial Roofing Materials Market, By Building Type
- Low-Sloped Roofing
- Steep-Sloped Roofing
Global Commercial Roofing Materials Market, By Materials Type
- Single-Ply Products
- Modified Bitumen Materials
- Spray Polyurethane Foam (SPF)
- Built-Up Roofing (BUR)
- Metals
- Others
Global Commercial Roofing Materials Market, By End-User
- Hospitals & Healthcare
- Educational Institutes
- Hotels & Restaurants
- Banks & Financial Institutions
- Airports
- Hyper & Supermarkets
- Shopping Malls
- Others
Global Commercial Roofing Materials Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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