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Global Metal Roofing Tiles Market Insight2022-02-16 Comments
Metal Roofing Tiles Market size is anticipated to grow considerably in the next few years. According to the WK-chem Research “Global Metal Roofing Tiles Professional Survey Report 2022, Forecast to 2027”, Significant growth in the residential & commercial construction sectors along with increasing requirements from the industrial sector for more value from their investments in roofing construction drives the market growth. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.8% base on WK-chem Research regression analysis model.
“Metal roofs can last up to 100 years, with installers providing 50-year warranties. Because of their longevity, most metal roofs are less expensive than asphalt shingles in the long term. With the rapid development of the global construction industry, the future metal roofs will have Good development prospects. Market operators can continue to develop higher performance products to meet market demand.” said Mandy, Senior analyst, WK-chem Research.
A metal roof is a roofing system made from metal pieces or tiles characterized by its high resistance, impermeability and longevity. It is a component of the building envelope. Zinc, copper and steel alloys are commonly used. Rapidly growing urbanization and construction industry across the globe is a major factor behind the growing Metal Roofing Market. Advancement in the building technology and increased variety of material is fueling need for Metal Roofing for buildings. Additionally, the changing lifestyle of the people and growing disposable income has led to renovation of the buildings, which is boosting the growth of the Metal Roofing Market. Rise in the number of commercial projects across the globe, such as hotels, hospitals and schools, is expected to accelerate the growth of the metal roofing market during the forecast period. Favorable properties of metal roofs, such as noise reduction, improved quality of air and reduction in cost incurred for air conditioning, are expected to drive the metal roofing market during the forecast period. High investment cost associated with the installation and high capital cost for Metal roof is expected to act an obstacle in the growth of Metal Roofing Market during the forecast period. In the snowy areas metal roof is not preferred as the snow slips and falls on property or pedestrians which is expected pose restraint in the growth of the Metal Roofing Market.
The key players operating in the metal roofing market include Metal Sales Manufacturing Corporation, Ideal Roofing, Linyi Jinhu Color Coating Aluminum Industry Co., Ltd., ATAS International, Inc., BlueScope Steel Limited, Dezhou Fuda Metal, CertainTeed Roofing, etc.
Segmentation of Metal Roofing Tiles Market:
Based on Product Type, Global Metal Roofing Market is segmented into Steel Roofing, Copper Roofing, Aluminum Roofing and Others. Steel is poised to dominate the industry driven by the availability of a wide range of product portfolio and large production of steel materials across the globe coupled with proliferating industrialization across Asia Pacific. The shift in industrial roofing from galvanized steel sheets to Zn-Al coated sheets due to improved thermal efficiency, durability, and aesthetics will further boost the market revenue. Copper is used for roofing because it offers corrosion resistance, durability, long life, low maintenance, radio frequency shielding, lightning protection, and sustainability benefits. Copper roofs are often one of the most architecturally distinguishable features of prominent buildings, including churches, government buildings, and universities. Based on application, Global Metal Roofing Market is segmented into Residential, Commercial and Industrial. The industrial sector is expected to grow hold the largest segment in the Metal Roofing Market. The growing construction industry and rapid development in industrialization are expected to drive the growth of the industrial segment.
Metal Roofing Tiles Market: Regional Analysis
On the basis of regional analysis, the Global Metal Roofing Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is expected to hold the largest market share due to rising infrastructural developments in industrial and commercial sectors, particularly in emerging economies such as China and India. Also, growing urbanization in the region is boosting the growth of the Metal Roofing Market. North America is projected to grow at fastest pace due to high standard of living which leads to renovation of buildings in the region.
Largest share area：Asia Pacific
Largest share country：China
Product Type：Steel Roofing, Copper Roofing, Aluminum Roofing and Others
Application：Residential, Commercial and Industrial
Leading Company：Metal Sales Manufacturing Corporation, Ideal Roofing, Linyi Jinhu Color Coating Aluminum Industry Co., Ltd., ATAS International, Inc., BlueScope Steel Limited