Commercial Roofing Materials Market By Material Type (Single-Ply Roofing, Metal Roofing, Asphalt Shingles, Built-Up Roofing (BUR), Modified Bitumen, Spray Polyurethane Foam (SPF)), By Application (New Construction, Renovation and Re-roofing), By End-User (Office Buildings, Warehouses, Retail Stores, Hospitals and Healthcare Facilities, Hospitality, Educational Institutions), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa); Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Commercial Roofing Materials Market was valued at USD 11.0 billion in 2023 and will surpass USD 17.1 billion by 2030; growing at a CAGR of 6.5% during 2024 - 2030.

The commercial roofing materials market is growing steadily as demand increases for high-performance roofing solutions, driven by the expansion of the commercial construction industry. Among the different material types, single-ply roofing has emerged as the largest segment. This roofing solution, typically made from synthetic materials such as thermoplastic olefin (TPO), ethylene propylene diene monomer (EPDM), and polyvinyl chloride (PVC), is highly valued for its cost-effectiveness, durability, and ease of installation. Single-ply roofing is often preferred in both new construction and re-roofing projects, as it is lightweight, resistant to weather conditions, and offers energy-efficient benefits due to its reflective properties.

Single-Ply Roofing Segment Is Largest Owing to Cost-Effectiveness and Durability

As the demand for sustainable and low-maintenance roofing systems increases, single-ply roofing continues to dominate the market. The widespread adoption of TPO and EPDM roofing systems, in particular, is driven by their energy-efficient properties, helping to reduce overall building cooling costs. Moreover, the rising trend towards environmentally friendly solutions and energy-efficient buildings is further accelerating the demand for single-ply roofing. With the growth of green building standards and building regulations favoring energy-efficient materials, this segment is expected to maintain its leadership in the commercial roofing materials market.

New Construction Segment Is Fastest Growing Owing to Increasing Infrastructure Projects

The commercial roofing materials market is also being fueled by a significant uptick in infrastructure development worldwide. Among the various applications, new construction is the fastest-growing segment. As urbanization continues to expand, particularly in emerging markets, there is an increasing demand for commercial buildings, residential complexes, and industrial plants. This growth is directly impacting the demand for roofing materials, as developers seek cost-effective, durable, and sustainable roofing solutions for their new buildings. The rising need for modern commercial infrastructure, along with the adoption of innovative and energy-efficient roofing technologies, is further propelling the new construction application.

The new construction segment benefits from the increasing adoption of advanced roofing materials that contribute to building longevity, aesthetics, and energy efficiency. Single-ply roofing, metal roofing, and SPF are often specified for new builds due to their performance attributes, such as thermal insulation and UV resistance. These materials align with modern building regulations that prioritize energy savings, contributing to the growth of this segment in both developed and developing economies. As governments and private sectors continue to invest in urban infrastructure, this segment is expected to sustain rapid growth in the coming years.

Office Buildings Segment Is Largest Owing to Expansion in Commercial Real Estate

The commercial roofing materials market has witnessed significant growth in recent years, driven by increasing demand across various end-user industries. The office buildings segment holds the largest share in this market. As commercial real estate continues to expand, the need for high-quality, durable roofing systems has become essential. Office buildings, especially in urban centers, require roofing materials that provide long-term performance, energy efficiency, and cost-effectiveness. This has led to a preference for materials such as single-ply roofing, metal roofing, and modified bitumen, which offer a combination of durability and insulation.

With office buildings being a key focus of urban development, this segment is expected to continue its dominance. Developers and building owners increasingly prioritize sustainability and operational efficiency, which has led to the adoption of green roofs, cool roofing, and solar panel-integrated roofing systems. These roofing solutions not only reduce energy consumption but also help meet the requirements of green building certifications, such as LEED (Leadership in Energy and Environmental Design). This trend will further support the office buildings segment as a major driver of growth in the commercial roofing materials market.

Asia-Pacific Region Is Fastest Growing Owing to Rapid Urbanization and Industrialization

In terms of geography, the Asia-Pacific region is witnessing the fastest growth in the commercial roofing materials market. The region's rapid urbanization, infrastructure development, and industrialization have significantly boosted the demand for commercial roofing solutions. Countries like China, India, and Southeast Asian nations are seeing a construction boom, which is driving the need for robust and energy-efficient roofing materials. Additionally, the growing middle class and increasing disposable incomes in these countries are leading to the development of new commercial buildings, further propelling the demand for roofing materials.

Asia-Pacific's rapid growth is also supported by government initiatives promoting energy-efficient buildings and sustainable construction practices. This is encouraging the adoption of advanced roofing systems, such as metal roofing and single-ply membranes, which meet the region's building standards for energy conservation. With these ongoing trends, Asia-Pacific is poised to become the leading market for commercial roofing materials in the coming years, making it a key region for manufacturers and suppliers looking to expand their presence in the global market.

Leading Companies and Competitive Landscape

The commercial roofing materials market is highly competitive, with numerous players striving to offer innovative solutions to meet the evolving needs of the construction industry. Leading companies in this market include GAF, Owens Corning, Carlisle SynTec Systems, Johns Manville, Firestone Building Products, and IKO Industries. These companies are known for their broad product portfolios, strong distribution networks, and commitment to sustainability.

The competitive landscape is shaped by continuous innovation in roofing technology, with companies focusing on developing energy-efficient, durable, and environmentally friendly materials. Strategic mergers and acquisitions, such as Sika's acquisition of MBCC Group, have also enabled companies to expand their market presence and diversify their product offerings. As sustainability becomes a key driver in the industry, leading players are increasingly investing in green roofing solutions, which will further intensify competition in the market.

Recent Developments:

• GAF announced its latest solar roofing products aimed at integrating solar power into traditional roofing systems, enhancing energy efficiency for commercial buildings.
• Sika AG finalized the acquisition of MBCC Group, strengthening its position in sustainable construction and commercial roofing materials.
• Firestone launched its eco-friendly reflective coatings designed to improve energy efficiency in commercial buildings.
• Kingspan inaugurated a state-of-the-art roofing materials plant in the United States to cater to growing demand in North America.
• Tremco Roofing collaborated with Green Seal to develop roofing systems compliant with stringent green building standards.

List of Leading Companies:

• GAF
• Carlisle SynTec Systems
• Owens Corning
• Johns Manville
• Firestone Building Products
• IKO Industries
• CertainTeed Corporation
• Sika AG
• Tremco Roofing & Building Maintenance
• Duro-Last Roofing, Inc.
• Atlas Roofing Corporation
• BMI Group
• Kingspan Group
• IKO Roofing
• Beacon Roofing Supply, Inc.

Report Scope: