United States roofing Market

United States roofing Market Highlights

The United States roofing market is expected to cross a market size of USD 43.54 Billion by the end of 2033. The market size was valued at USD 28.32 Billion in 2023 and is expected to expand at a CAGR of 4.9% between 2024-2033.

• Over the mid-term, the improvements in technology is the primary factor anticipated to drive the United States roofing market.
• Labor shortages in the construction industry is a major factor to challenge the market growth.

United States roofing Market Outlook

Roofing is a material used for making or covering roofs. The materials for roofing a building includes ceramic tiles, Hypalon, Teflon fabric, metals such as Zinc, and cast iron, and asphalt shingles. The roof is an important part of the building and construction. Roofing increases the worth of any structures their longevity, and protects them from adverse environmental conditions.

Improvements of technology in roofing materials and installation techniques are improving as the number of non-residential projects and structures such as hotels, schools, hospitals, and industrial buildings are expanding. Hence the performance, durability, and aesthetics of roofing systems are also increasing which increases the demand for roofing thereby boosting the market growth. For instance, Technological advancements are supporting innovations like green roofing, eco-friendly roofing materials, increase in roof life and safety, roofing solutions facilitating improved air quality, reduced noise, and lower cost of air-conditioning, and drones for roof inspections. Green roofs are especially in high demand in developed nations for green building constructions. 3M Company, Atlas Roofing Corporation, BASF SE are some of the significant parties in the market for United States roofing.

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United States roofing Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the United States roofing market are:

• Quick growth of construction industry: As urbanization and infrastructure development is continuing around the globe, the need for roofing materials is increasing. Furthermore, roofing is a fundamental component of the construction industry, as it provides protection from the elements and helps maintaining the structural composition of buildings. Moreover, the roofing market can also contribute to the energy efficiency and aesthetic appeal of a structure. Proper installation and maintenance of roofing are essential to ensure the longevity and performance of a building.  For instance, roofing materials such as shingles, tiles, metal sheets, or membranes are used in construction, to create a weatherproof barrier over the top of a building. This barrier prevents water, snow, and debris from entering the building, thus protecting the interior and its occupants. Thus the demand for roofing materials is closely tied to the growth of the construction industry.
• Choices of consumers and creative roof designs: Creative and architectural trends play a role in shaping the demand for specific roofing materials and systems. Consumers often prefer the type of roofing material based on its durability, lifespan, maintenance requirements, energy efficiency, and cost. Nowadays the owners of a home or any property often choose a visually appealing roof that enhances the overall curb appeal of their property. They often choose roofing materials with distinctive patterns, architectural details, or unique designs to create a standout appearance. Aesthetical or creative roofs can increase the value of a property and make it more attractive to potential buyers thereby influencing the growth of the roofing market. For instance economic growth, rising disposable incomes, and improving standards of living in developing countries is driving the demand for better-quality housing and infrastructure. As individuals and businesses have more purchasing power, they are inclined to invest in higher-quality roofing materials and services, thereby boosting the roofing market.

Which Probable Factors Could Hamper the Growing United States roofing Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of United States roofing are:

• Labor shortages in the construction industry: In the construction industry shortages of Skilled Labor Lead to Project delays. The dearth of skilled labor can lead to project postponements and increased labor costs for roofing contractors. These delays can disrupt project timelines, hamper productivity, and ultimately impact profitability, posing a significant obstacle to the smooth functioning of the roofing market.
• Volatile material costs: High Material Cost Leads to instability in pricing particularly for asphalt, metal, and roofing membranes eroding profit margins in the roofing market. Oscillations in raw material prices strain budget forecasts, making it challenging for roofing companies to maintain competitive pricing and profitability. These cost improbabilities complicate project planning and financial management, adding significant pressure on businesses.

How is the United States roofing Market Segmented?

Our experts at KD Market Insights have segmented the United States roofing market research report as:

Which Key Players Top the United States roofing Market Share?

As per our analysts at KD Market Insights, the competitive landscape of the United States roofing market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with the United States roofing market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the United States roofing market share:

• 3M Company
• Atlas Roofing Corporation
• BASF SE
• Berkshire Hathaway Inc.
• Carlisle Companies Inc.
• Certain Teed Corporation
• DoW Chemical Company
• Dupont de Nemours Company
• Duro-Last Inc.
• GAF
• IKO Industries Ltd
• Others

What are the Recent Developments Observed in the United States Roofing Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with United States roofing market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Holcim acquired Malarkey Roofing Products, which will broaden Holcim's range of roofing systems in the lucrative residential roofing market in the United States.

Further, LafargeHolcim acquired Firestone Building Products, a leader in commercial roofing and building envelope solutions based in the United States, making LafargeHolcim a global leader in innovative and sustainable building solutions.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4.  United States roofing Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Roof
      2. By Material
      3. By Services
      4. By End Users
5. Market Segmentation by Roof
   1. Low Sloped Roofs
   2. Flat Roofs
   3. Pitched Roofs
6. Market Segmentation by Material
   1. Metal Roofing
   2. Spray Polyurethane Foam (SPF)
   3. Poly Vinyl Chloride (PVC)
   4. Thermoplastic Polyolefin (TPO)
   5. Ethylene Propylene Diene Terpolymer (EPDM)
   6. Others
7. Market Segmentation by Services
   1. Roofing Inspection
   2. Roof Repairs/Maintenance
   3. Roof Restoration
   4. Roof Replacement
   5. Roof Installation
8. Market Segmentation by End Users
   1. Residential
   2. Healthcare
   3. Educational Institutes
   4. Hotels & Restaurants
   5. Banks & Financial Institutions
   6. Airports
   7. Warehouses
   8. Retail
   9. Others
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. 3M Company
      2. Atlas Roofing Corporation
      3. BASF SE
      4. Berkshire Hathaway Inc.
      5. Carlisle Companies Inc.
      6. Certain Teed Corporation
      7. DoW Chemical Company
      8. Dupont de Nemours Company
      9. Duro-Last Inc.
      10. GAF
      11. IKO Industries Ltd
      12. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References