North American market for commercial roofing materials to increase US$5.9 bln in 2014

21-Apr-10
The North American market for commercial roofing materials was worth an estimated US$3.2 bln in 2009, and is expected to increase to nearly US$5.9 bln in 2014, for a 5-year compound annual growth rate (CAGR) of 12.7%, as per BCC Research. The largest segment of the market, metal roofing products, is expected to reach US$875 mln in 2014, after increasing at a CAGR of 12% from the estimated 2009 value of US$496 mln. The spray polyurethane foam (SPF) segment was the second-largest in 2009, and is expected to increase from a value of US$420 mln in 2009 to nearly US$1.1 bln 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 US$336 mln to US$406 mln. The green roof segment, though relatively small, is expected to increase at the highest CAGR, 24.5%, from 2009 to 2014, growing from US$28 mln to over US$83 mln. 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.
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