Metal Roofing Market size is poised to gain notable proceeds through 2028 due to the increasing number of commercial construction projects and the rising instances of government-led funding in developing economies. The increasing need for renovations and enhanced manufacturing processes in buildings has led to the influx of various new products and technology. Rising penetration of green construction materials and rapid advances in building technology are other factors fueling the growth of the industry.
Metal roofs are environmentally friendly and can reflect the sun's infrared light and UV rays that contribute to roof surface radiant heat. They have a long lifespan, higher durability and are easy to install. The escalating investments and capital related to this roofing technique may, however, hamper the industry expansion to some extent.
Based on material, the metal roofing market is segmented into steel, aluminum, zinc, copper, tin, and others. Demand for copper roofing is expected to rise on account of their benefits like low melting temperature as well as long-lasting and soft attributes. Copper is increasingly used as a roofing material to offer higher weather resistance and can be easily formed into all sorts of complicated as well as challenging shapes. This type of roofing can be applied to every architectural style and building type. Rising demand for copper shingles and panels and the thriving popularity of continuous copper roofing will also support the industry growth.
With regards to application, the metal roofing market share will gain notable proceeds from the industrial sector from the year 2022 to 2028 driven by fast strides in industrialization across the world. Industrial style roofs make use of geometric shapes and lines for creating unique designs from curved metal to low slopes. The rising utilization of standing seam panels in industrial metal roofing and the surging number of green building projects will influence the product application scope.
Regionally, Asia Pacific is likely to emerge as a lucrative revenue pocket for the metal roofing industry propelled by the rising rate of urbanization. The rapidly growing population and the expanding construction sector are adding to the demand for durable and strong roofing systems in the region. Increasing strides in infrastructural projects in the industrial as well as commercial sectors, notably in China and India will boost the market growth.
Prominent key players operating in the metal roofing market include Ideal Roofing, Metal Sales Manufacturing Corporation, Kingspan Group, ATAS International, Inc., Drexel Metals Inc. (Carlisle SynTec Inc), Linyi Jinhu Color Coating Aluminum Industry Co., Ltd., DECRA Roofing Systems, Inc., (IKO Industries, Ltd.), Reed's Metals, Carlisle Syntec Systems, BlueScope Steel Limited, and Tata Steel (Tata Group).
These companies are emphasizing inorganic marketing strategies, such as capacity expansions, partnerships, and acquisitions along with novel product launches for augmenting their business share while attracting a strong customer base.
For instance, in February 2022, Kingspan acquired 100% shares of THU Perfil SL, a leading Ribarroja company known for its metal ceiling profiles and solutions, to amplify its presence in the Spanish market.
In response to the COVID-19 crisis, the metal roofing industry witnessed multiple setbacks on account of the hampered supply chains that caused delays and halts in the construction projects. The increased material prices, longer lead times and fewer options in materials needed for building roofs also added to the plummeted market growth. However, the rising need for metal roofing in remodeling and building the healthcare facilities amid the rising infection rate contributed to some positive product demand.
Metal Roofing Market, By Product
Market, By Material
Market, By Application
The above information has been provided for the following regions and countries: