PUBLISHER: The Business Research Company | PRODUCT CODE: 1620087
PUBLISHER: The Business Research Company | PRODUCT CODE: 1620087
Residential low slope roofing refers to roofing systems designed for homes where the roof has a gentle pitch or slope, typically less than 3,12 (3 inches of vertical rise for every 12 inches of horizontal run). This slight slope is intended to direct water toward drains or gutters, preventing water pooling that could cause leaks or structural damage. In addition to their functional benefits, these roofs can also serve as usable outdoor spaces, accommodating gardens, decks, or solar panel installations, particularly in modern or urban settings.
The main types of roofing in the residential low slope market include ethylene propylene diene monomer (EPDM) roofing, thermoplastic olefin (TPO) roofing, polyvinyl chloride (PVC) roofing, modified bitumen roofing, and others. EPDM roofing is a durable synthetic rubber membrane commonly used in low-slope buildings. The roofing materials utilized in these systems include bituminous roofing, metal roofing, tile roofing, and others, with applications spanning commercial, residential, and industrial sectors.
The residential low slope roofing market research report is one of a series of new reports from The Business Research Company that provides residential low slope roofing market statistics, including the residential low slope roofing industry global market size, regional shares, competitors with residential low slope roofing market share, detailed residential low slope roofing market segments, market trends, and opportunities, and any further data you may need to thrive in the residential low slope roofing industry. These residential low slope roofing market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The residential low slope roofing market size has grown strongly in recent years. It will grow from $18.16 billion in 2023 to $19.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth observed during the historic period can be attributed to several factors, including the rising demand for energy-efficient roofing solutions, an increase in residential construction activities, a greater focus on reducing cooling costs, an emphasis on improving indoor air quality, and the expansion of urbanization and infrastructure development.
The residential low slope roofing market size is expected to see strong growth in the next few years. It will grow to $27.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The projected growth during the forecast period can be attributed to increased construction activities in the residential sector, a growing preference for low-maintenance roofing systems, a heightened focus on enhancing property value, a rising consumer preference for cost-effective roofing solutions, and a growing need for weather-resistant roofing materials. Key trends expected during this period include the adoption of reflective roofing materials, the integration of smart roofing technologies, the implementation of eco-friendly roofing solutions, advancements in roof insulation materials, and the adoption of green roof systems.
The increasing demand for solar panels is projected to drive the growth of the residential low-slope roofing market. Solar panels, which convert sunlight into electricity using photovoltaic technology, are becoming more sought after due to the need for renewable energy sources and supportive government regulations. Residential low-slope roofs offer a flat surface that allows for optimal positioning and angling of solar panels to capture maximum sunlight. These roofs are also safer and easier for workers to access, making the installation of solar panels more efficient and less hazardous. For example, in August 2023, the Energy Information Administration (EIA) reported that solar photovoltaic panel shipments in the United States increased by 10% in 2022 compared to the previous year, reaching a record 31.7 million kilowatt peak (kWp). Consequently, the rising demand for solar panels is driving growth in the residential low-slope roofing market.
Leading companies in the residential low-slope roofing market are developing ventilated synthetic roofing to improve energy efficiency, reduce cooling costs, and extend roof lifespan. Ventilated synthetic roofing systems, made from synthetic materials, are designed to allow airflow beneath the roof. This ventilation helps control temperature and minimize moisture buildup, which enhances roof durability and energy efficiency. For instance, in November 2022, CertainTeed, a US-based building materials manufacturer, introduced Roof Runner AIR, a breathable synthetic roof underlayment. This product features a multilayer design that facilitates quick drying and prevents moisture damage, while its unique layers improve grip and reduce fastener pulls. The underlayment, made from synthetic polymer, offers superior water and slip resistance, enhancing both safety and durability during installation.
In February 2023, Holcim, a Switzerland-based building materials company, acquired Duro-Last for an undisclosed amount. This acquisition is intended to strengthen Holcim's position in the roofing market by incorporating new technologies and energy-efficient solutions into its roofing systems. The deal aligns with Holcim's green growth strategy, focusing on sustainability and circularity. Duro-Last, based in the US, specializes in custom-fabricated thermoplastic roofing systems for commercial, industrial, and residential low-slope applications.
Major companies operating in the residential low slope roofing market are BASF SE, Sika AG, Owens Corning, Kingspan Group plc, Carlisle Construction Materials LLC, Johns Manville Inc., BMI Group Limited, CertainTeed Corporation, CentiMark Corporation, GAF Materials Corporation, Atlas Roofing Corporation, IKO Industries Ltd, The Garland Company Inc., TAMKO Building Products LLC, ProVia LLC, American Hydrotech Inc., GenFlex Roofing Systems LLC, Polyglass USA Inc, Malarkey Roofing Products Co., ATAS International Inc, ARAC Roof It Forward Inc., Hopkins Roofing LLC, Kemper System Inc., Mule-Hide Products Co Inc., Strategic Building Products LLC
North America was the largest region in the residential low slope roofing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the residential low slope roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the residential low slope roofing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The residential low slope roofing market consists of sales of spray foam roofing, roof coatings, green roof systems, asphalt shingles, synthetic roofing materials, and insulated roofing panels. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Residential Low Slope Roofing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on residential low slope roofing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for residential low slope roofing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The residential low slope roofing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.