According
to the current analysis of Reports and Data, the global Single-Ply Roofing Market was
valued at USD 4.61 Billion in 2018 and is expected to reach USD 5.72 Billion by
year 2026, at a CAGR of 8.0 percent. The study covers single ply roofing
membranes, which are flexible sheets of compounded plastic-derived material
that are used to cover and protect flat and low-sloped buildings. These
prefabricated membranes are manufactured in a factory to strict quality control
requirements and can be attached in a variety of methods. Roofing materials are
a vital necessity in construction, as they comprise the primary barrier against
natural elements such as rain, cold, and heat.
Rise
in the demand for cost-effective roofing materials such as PVC and EPDM is
expected to fuel market growth. Emerging regional players or new entrants are
estimated to gain opportunities to enter the market. Rise in the government
initiatives coupled with infrastructural investment in the commercial and
residential construction sector is expected to propel the market especially in
the emerging markets of the world.
Further
key findings from the report suggest
- In 2018, the global market for thermoplastic membranes was USD 3.2
Billion. Thermoplastic roofing membranes such as TPO and PVC accounted for
the maximum market share in the global market with 36.5% and 27.6%
respectively. These membranes are anticipated to consolidate its position
during the forecast period, owing to easy installation, higher durability,
longer life span, and technological innovations. In addition, government
of countries such as India, China, Malaysia, Indonesia, and others have
invested heavily in infrastructure development, which also fuels the
demand of thermoplastic single-ply roofing in the Asia-Pacific market.
- As of 2018, fully adhered installation method is expected to
display highest growth rate of 8.5% over the forecast period.
- Single-ply roofing systems for industrial end use acquired the
largest share in 2018, while commercial roofing is expected to grow at the
fastest rate during the forecast period.
- North America and Europe dominated the single-ply roofing market
with over 70% of market share in terms of value in 2018.
- US accounted for 35.6% market share of the global market in 2018,
and is expected to account for a market worth USD 2.7 Billion in 2026.
- Asia Pacific is expected to account for the 20.1% of the global
single-ply roofing APAC countries such as China, Japan, and Australia are
likely to witness high growth during the forecast period.
- Key participants include GAF, Dow Roofing Systems LLC, Duro-Last,
Inc., Carlisle SynTec System, Kingspan Group, Johns Manville, Owens
Corning, Carney Roofing Company Inc., and Baker Roofing Company among
others.
- Due to end-user opportunities and fragmented nature of the market,
the intensity of rivalry is anticipated to increase during the forecast
period. Hence, the market players are focusing on strengthening their
market position at the global market, through acquiring business assets of
local players, and innovation and product licensing.
- The development of new product is one of the most prominent trends
observed in the single-ply roofing market. Market players are focusing on
development of new products to increase their portfolio and satisfy new
target markets. Carlisle SynTec Systems, a leading manufacturer of
single-ply roofing materials, introduced its Sure-Flex PVC KEE FRS
FleeceBACK membranes. Another manufacturer, Johns Manville, introduced
EPDM FIT Product Line with Tape-to-Tape offering in 2018.
For
the purpose of this report, Reports and Data has segmented the single-ply
roofing market on the basis of membrane type & sub-types, installation
methods, end user, and region:
Membrane
Type (Revenue, USD Million; 2016–2026)
- Thermoplastic
- TPO
- PVC
- Others
- Thermoset
- EPDM
- CSPE
- Neoprene
- Others
Installation
Method (Revenue, USD Million; 2016–2026)
- Mechanically Attached System
- Fully Adhered System
- Induction-Welded Roof Installation System
- Others
End
Use (Revenue, USD Million; 2016–2026)
- Industrial
- Commercial
- Residential
- Others
Regional
Outlook (Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of the Europe
- Asia Pacific
- China
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of the World
- South America
- Middle East
- Africa
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