North American Market For Commercial Roofing Materials To Be Worth $5.9 Billion In 2014
April 19, 2010
Wellesley, Mass. – According to a new technical market research report, COMMERCIAL ROOFING MATERIALS: THE NORTH AMERICAN MARKET (AVM071A) from BCC Research (www.bccresearch.com), the North American market for commercial roofing materials was worth an estimated $3.2 billion in 2009, but is expected to increase to nearly $5.9 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 12.7%.
The largest segment of the market, metal roofing products, is expected to reach $875 million in 2014, after increasing at a CAGR of 12% from the estimated 2009 value of $496 million.
The spray polyurethane foam (SPF) segment was the second-largest in 2009, and is expected to increase from a value of $420 million in 2009 to nearly $1.1 billion in 2014, for a CAGR of 20.6%.
The third-largest segment in 2009, thermoplastic polyolefin (TPO), is projected to increase at a CAGR of 3.8% through 2014, rising from $336 million to $406 million.
The green roof segment, though relatively small, is expected to increase at the highest CAGR, 24.5%, from 2009 to 2014, growing from $28 million to more than $83 million.
NORTH AMERICAN COMMERCIAL ROOFING MARKET VALUE, 2007-2014
Source: BCC Research
Commercial roofing in North America defines the livelihood of more than 28,000 roofing contractors, thousands of manufacturing employees, and distributors. Although it was hard hit by the recent economic downturn, the roofing industry remains a vital part of the economy.
The range of products currently on the market is very broad, far exceeding the ability of any sole distributor to stock and wider than most industry observers may be aware of. There are many smaller producers today that have the capability of growing into major brands tomorrow. Some of these future success stories will ride the wave of demand for new products, such as building-integrated photo-voltaic (BIPV) roofing products that are increasingly finding their way into the mainstream of roofing alternatives.
This report is intended to provide necessary background and reference material for individuals involved in, or potentially interested in the North American roofing industry. This includes individuals and organizations involved in the development, formulation, manufacture, sale and use of roofing products, and related and ancillary businesses such as raw material suppliers, consultants, distributors, contractors and builders.
Commercial Roofing Materials: The North American Market( AVM071A )
Publish Date: February 2010
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: firstname.lastname@example.org as the source and publisher. Thank you.