PUBLISHER: Market Research Future | PRODUCT CODE: 1549982
PUBLISHER: Market Research Future | PRODUCT CODE: 1549982
Global Flat Roofing Systems Market Research Report Information by Application (Commercial, Residential, Industrial), by Material Type (Bitumen, Thermoplastic Olefin (TPO), EPDM Rubber, PVC Membrane, Metals, Others), by Construction Type (New Construction & Reconstruction/Remodeling)- Forecast Till 2032
An Overview of the Market
USD 56,537.3 million was the market size of flat roofing systems in 2023. In 2024, the Flat Roofing Systems industry is anticipated to expand from USD 59,194.6 million to USD 93,449.5 million by 2032, with a compound annual growth rate (CAGR) of 5.9% over the forecast period (2024-2032).
Flat roofing systems have experienced an increase in demand in the global market as a result of the rapid expansion of urbanization and the growing number of infrastructure development projects. The movement of populations and cities toward urban centers has resulted in a parallel increase in the demand for reliable and efficient roofing solutions. This growing demand for flat flooring systems has been further fueled by the construction of a variety of buildings in the urban area. In addition, these products have become an indispensable element in both residential and commercial settings, offering a seamless solution to architectural adaptability, space optimization, and functionality. In the urban region, the flat roof market is primarily driven by its capacity to optimize space.
There has been a gradual transition to sustainability over the past year, which has been influenced by a growing interest in environmentally responsible building practices and heightened awareness. This transition has been replicated in a variety of sectors of the construction industry, with roofing systems becoming a focal point for sustainable popularity. This is a result of their energy-efficient features, the use of environmentally friendly materials, and the ability to contribute to the coveted green building certification.
According to the application, the Flat Roofing Systems Market has been segmented into three categories: industrial, residential, and commercial.
The Flat Roofing Systems Market has been segmented into the following categories: thermoplastic olefin (TPO), bitumen, EPDM rubber, PVC membrane, metals, and others.
Based on the sort of construction, the Flat Roofing Systems Market has been divided into two segments: new construction and reconstruction/remodeling.
Region Specific analysis
The Asia-Pacific Flat Roofing Systems Market held the largest market share in 2022 and is anticipated to experience a substantial CAGR growth during the scope of the study. A confluence of factors, including urbanization, economic growth, technological advancements, and diverse climatic conditions, is driving the dynamic and swiftly evolving Asia Pacific flat roofing systems market within the construction industry. Flat roofing solutions are influenced by the diverse architectural styles, climate challenges, and economic conditions of the APAC region, with each nation making a unique contribution to their growth and development.
A region recognized for its robust Flat Roofing Systems market is North America, which includes the United States, Canada, and Mexico. The adoption of sophisticated flat roofing systems is experiencing substantial growth in the region, which is characterized by a focus on sustainable building practices and technological innovation.
Prominent Participants
Among others, the market is dominated by the following major players: GAF Materials Corporation, DuPont, Saint-Gobain, Sika AG, Beijing Oriental YuhongWaterproof Technology Co., Ltd., Fosroc, Carlisle Companies Incorporated, SOPREMA S.A.S., IKO Industries Ltd., and 3M Company.
NOTE:
THIS TABLE OF CONTENT IS TENTATIVE AND SUBJECT TO CHANGE AS THE RESEARCH PROGRESSES.