Metal Roofing Market Scope -
This Metal Roofing Market Overview shows the global market size was valued at $ 7,721.67 million in 2020, and it is expected to reach $8.585.97 million in 2021, at a CAGR rate of 11.53%, and it will reach 14,862.78 million in the Metal Roofing Market Forecast period.
Metal Roofing Market Scenario -
The global metal roofing market is expected to grow at a robust growth rate over the forecast period, according to the latest research report from Market Research Future (MRFR). The global metal roofing market is expected to grow at a robust growth rate mainly due to the growing prospects of the construction industry in emerging regions, according to the report. The report profiles the major drivers and restraint affecting the global metal roofing market, as well as the leading players and other factors and trends affecting the market’s movement. The leading players in the global metal roofing market are profiled in great detail in the report in order to give readers a comprehensive overview of the market’s competitive landscape.
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Metal Roofing Market - Eminent Firms:
ABC Supply Co. Inc., Firestone Building Products Company, DECRA Roofing Systems, Inc., Metal Sales Manufacturing Corporation, Jinhu Color Aluminum Group, Ideal Roofing Co. Ltd, Reed’s Metals, Inc., BlueScope Steel Limited, Carlisle SynTec Systems, The OmniMax International, Inc, ATAS International, Inc., and others.
Among them, OmniMax International, Inc is one of the major players in the market.
Market Potential and Pitfalls :-
Metal roofing is a highly popular form of roofing, and is becoming ever more popular due to the growing construction industry in emerging regions. Metal roofing presents several benefits over other roofing materials such as wood, as it is more robust than wooden roofing and lasts longer. It also provides a more robust resistance against rainwater than wood, which can leak rainwater during heavy rains. Such benefits of metal roofing have been key to the growing prospects of the metal roofing market over the last few years. The metal roofing market is gradually stealing the spotlight due to the proliferation in the construction activities which is creating immense demand for the utilization of enduring construction materials. Metal is considered as a more long-lasting and durable alternative highly used for roofing purposes. The surging demand for fully recyclable materials in construction and building activities is triggering the demand for metal roofing across the globe. Metal roofing offer several benefits such as high resistance against strong wind, high durability, and safety against fire, which is further leading the paradigm shift towards using metallic materials for roofing. The better structural integrity offered by metal instead of being light in weight has increased its adoption over the years.
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Segment Study of Metal Roofing Market :-
The global metal roofing market is segmented on the basis of product type, metal type, application, and region.
By product type, the global metal roofing market is segmented into standing seam roofing, metal tiles, shingles, and shakes, corrugated panels, plain panels, and others.
By metal type, the global metal roofing market is segmented into steel roofing, copper roofing, aluminum roofing, zinc roofing, tin roofing, and others.
By application, the global metal roofing market is segmented into residential, commercial, and industrial. All three segments of the market are likely to grow over the forecast period, as the demand for all types of construction is likely to grow over the forthcoming years. Growing urbanization in emerging economies is likely to remain a major driver for all three types of construction over the forecast period.
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Metal Roofing Market Market - Geographical Analysis :-
The geographical segmentation of the global metal roofing market has been conducted in the recent MRFR report to arrive at insightful and accurate results. These segments include five regions such as Europe, Asia Pacific, North America, and the Rest of the World. Among these regions, the APAC region is expected to witness significant growth in the metal roofing market over the assessment period. Such regional growth is attributable to the rapid urbanization of various emerging countries prevalent in the region.
Further, the burgeoning population in the region is pushing the growth of the construction sector present in the region. Such growth noted by the construction sector is, in turn, boosting the growth in the regional metal roofing market over the conjecture period. The economic growth of the region is also causative of favorable growth in the Asia Pacific’s metal roofing market. Leading country-specific metal roofing markets in the region include India, Malaysia, and China.
North America is a potential growth pocket for metal roofing in the forthcoming years. The rise in the number of housing projects in the region, especially in the US, is expected to complement the growth observed in North America’s metal roofing market. Accelerated economic growth and high standards of living have contributed positively to the upscaling of the North American metal roofing market over the review period.
Industry Updates :-
July 2019: Sika Liquid Plastics recently launched Sika Pro-Tecta which is a range of systems for metal roof refurbishment. This new range includes a cut-edge corrosion treatment option along with a full roof sheet encapsulation system.
April 10, 2019: A leading manufacturer of waterproofing and roofing solutions, Polyglass U.S.A. Inc., has recently announced PolyBrite 71-HS, PolyBrite 70, PG 700, and PolyBrite 75 elastomeric roof coating systems meet code requirements as per an independent ICC Evaluation Service Report. Architects, Building officials, specifiers, contractors, designers and others utilize ICC-ES ESRs in order to offer a basis for using and approving such systems in the construction projects under International Building Code.
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