Residential, commercial, and industrial buildings utilize various roofing materials, including bituminous, concrete, clay tiles, metals, elastomers, and polymers, to cover their external surfaces. These materials enhance structures by providing temperature regulation, waterproofing, and aesthetic appeal. Increasing investments in remodeled and refurbished homes have been driven by factors such as easier loan accessibility, rising disposable income, and more affordable renovation costs.
According to SPER Market Research, the North America Roofing Materials Market, segmented by construction type, materials, and application, is projected to reach USD 59.62 billion by 2033, growing at a CAGR of 5.7%.
Market Drivers: Metal roofing is witnessing robust demand, especially with the increasing occurrence of wildfires. This roofing type offers excellent fireproofing capabilities, ensuring compliance with fire regulations. Commonly utilized materials include copper, aluminum, stainless steel, and zinc, available in panels or shingles. Among these, aluminum and galvanized steel are widely used due to their affordability and versatility.
Market Challenges
The high cost, effort, and time required to resurface older roofs pose significant challenges to market growth. Additionally, climate conditions affect material durability. For instance, bituminous shingles may degrade due to freeze-thaw cycles, high temperatures, or sun exposure. Similarly, extreme cold can compromise the strength and integrity of these shingles. While metal roofing offers durability, its initial costs are higher than other alternatives.
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Supply Chain Disruptions
The COVID-19 pandemic severely impacted market growth by disrupting global supply chains. Construction activities faced delays due to workforce shortages and logistical issues caused by travel restrictions. Social distancing norms further complicated roofing operations, which rely on close collaboration among workers. Roofing contractors had to implement COVID-19 safety measures to protect their employees, adding to the challenges.
Key Market Players
Prominent companies in the North America roofing materials market include:
- Atlas Roofing Materials Corporation
- Johns Manville
- Braas Monier Building Group
- IKO Industries Ltd.
- TAMKO Building Products LLC
- GAF Materials Corporation
- Carlisle Companies Inc.
North America Roofing Materials Market Key Segments Covered:
By Construction: Based on the Construction, North America Roofing Materials Market is segmented as; New Construction, Reroofing.
By Material: Based on the Material, North America Roofing Materials Market is segmented as; Bituminous, Concrete & Clay Tiles, Metal, Elastomer, Plastics.
By Application: Based on the Application, North America Roofing Materials Market is segmented as; Residential, Non-residential.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
For More Information, refer to below link: –
North America Roofing Materials Market Outlook
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