
Global Flat Roofing Systems Market (by Material Type, Application, Technology, Construction Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
Description
Global Flat Roofing Systems Market (by Material Type, Application, Technology, Construction Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)
Market Insight:
A flat roof is a kind of external form of roofing solution. The flat roof has a gentler roof with a slope of almost 5%. Flat roofs are commonly employed in dry conditions and allow for the utilisation of roof space as a living space.
Modern building designs have evolved significantly. Flat roofing style has grown highly common in corporate centres, particularly in the last few decades. The key reason for such quick acceptance is the multiple advantages it provides. The flat roof is more durable and visually pleasant than the sloping roof style. It has solved the problem of space constraints on the top floors of buildings, allowing the rooftop to be used for activities. Therefore, the flat roofing systems market is expected to flourish in the coming years. The global flat roof systems market is expected to record a value of US$56.37 billion in 2023, witnessing growth at a CAGR of 2.16% during the forecast period.
Segment Covered:
- By Material Type: On the basis of material type, the market has been segmented into four segments: Bituminous, Tiles, Metal, and Others. The bituminous segment lead the flat roofing market, accounted for the largest share of the market. The bituminous segment is expected to experience high growth. A wide range of product availability, durability, high fire and wind resistance, and good aesthetics are among the major advantages offered by the bituminous material, which in turn, are expected to contribute to the market growth.
- By Technology: The report provides the bifurcation of the market into six parts, on the basis of technology: Bituminous Membrane, Roofing Insulation, Assembly Components, Single-ply Membrane, Liquid Applied Membrane, and Metal for Flat Roofs. Bituminous membranes hold the major share in the market. The high resistance to the most extreme weather conditions, ease of maintenance, excellent mechanical properties, and high resistance to mechanical damage and punctures have significantly contributed to the increased demand level for bituminous membranes in the past few years.
- By Construction Type: On the basis of construction type, the global flat roofing systems market can be divided into two segments: New Construction and Re-roofing. The new construction segment is expected to grow at a significant CAGR in the coming years owing to the growing industrialization in emerging countries and rapid urbanization.
- By Application: The report provides the segmentation of global flat roofing systems market based on three applications: Commercial, Residential, and Industrial. The residential market is anticipated to grow at a highest CAGR during the forecasted period. The growth can be attributed to the rising government and institutional support for the development of housing infrastructure in emerging economies, increasing population and growing preference for single-family housing structures.
- In the report, the global flat roofing systems market is divided into five regions: Asia Pacific, North America, Europe, Latin America, Middle East, and Africa. The countries covered in North America region include the US, and the Rest of North America, while Europe includes UK, Germany, France, Italy, Spain, and the Rest of Europe. Moreover, China, Japan, India, Australia, South Korea, and the Rest of the Asia Pacific are included in the Asia Pacific region.
Top Impacting Factors:
Growth Drivers
- Growing Construction Industry
- Increasing Number of Warehouses
- Increasing Adoption of Flat Roofing in Commercial Building
- Climate Change
- Volatility in Raw Material Prices
- Lack of Skilled labor
- Increasing Housing Age
- Growing Demand For Green Roofing
- Increasing Use of Self-Adhesive Roofing Membranes
- Driver: Increasing Number of Warehouses
- Challenge: Volatility in Raw Material Prices
- Trend: Growing Demand For Green Roofing
The COVID-19 Analysis:
The flat roofing market growth was negatively affected by the COVID-19 pandemic in early 2020, as lockdowns, social distancing measures, and trade sanctions have triggered massive disruptions to global supply chain networks. A major challenge that the flat roofing market faced during the initial period of the COVID-19 outbreak was the low availability of the workforce and rising labor costs. After a period of contraction in demand, flat roofing demand would be supported by an increase in housing starts and the efforts of building owners to repair or replace the nation’s large stock of structures with older or worn roofs, thus resulting in a positive growth outlook. Also, virtual communications with homeowners have been growing in popularity, as have touch-free orders, pickups, and deliveries.
Analysis of Key Players:
The global flat roofing systems market is highly fragmented, with many players holding trivial market share. The key players of the global flat roofing systems market are:
- 3M Company
- Sika AG
- Dow Inc. (The Dow Chemical Company)
- Holcim Group (Firestone Building Products)
- CSR Limited
- Owens Corning
- Carlisle Companies Incorporated
- Hood Companies, Inc. (Atlas Roofing Corporation)
- Duro-Last Inc.
- Standard Industries (BMI Group)
- IKO Group
- TAMKO Building Products LLC
Table of Contents
154 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1 Flat Roofing Systems: An Overview
- 2.1.1 Introduction to Flat Roofing Systems
- Table 1: Types of Flat Roofs
- 2.1.2 Pros and Cons of Flat Roofing Systems
- Table 2: Pros and Cons of Flat Roofing System
- 2.2 Flat Roofing Systems Segmentation: An Overview
- 2.2.1 Segmentation of Flat Roofing Systems
- Table 3: Segmentation of Flat Roofing Systems
- 2.2.2 Segmentation of Flat Roofing Systems by Technology
- Table 4: Segmentation of Flat Roofing Systems by Technology
- 3. Global Market Analysis
- 3.1 Global Flat Roofing Systems Market: An Analysis
- 3.1.1 Global Flat Roofing Systems Market by Value
- Table 5: Global Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 6: Global Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.1.2 Global Flat Roofing Systems Market by Material Type (Bituminous, Tiles, Metal, and Others)
- Table 7: Global Flat Roofing Systems Market by Material Type; 2021 (Percentage, %)
- 3.1.3 Global Flat Roofing Systems Market by Technology (Bituminous Membrane, Roofing Insulation, Assembly Components, Single-ply Membrane, Liquid Applied Membrane, and Metal)
- Table 8: Global Flat Roofing Systems Market by Technology; 2021 (Percentage, %)
- 3.1.4 Global Flat Roofing Systems Market by Construction Type (New Construction and Reroofing)
- Table 9: Global Flat Roofing Systems Market by Construction Type; 2021 (Percentage, %)
- 3.1.5 Global Flat Roofing Systems Market by Application (Commercial, Residential, and Industrial)
- Table 10: Global Flat Roofing Systems Market by Application; 2021 (Percentage, %)
- 3.1.6 Global Flat Roofing Systems Market by Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa)
- Table 11: Global Flat Roofing Systems Market by Region; 2021 (Percentage, %)
- 3.2 Global Flat Roofing Systems Market: Material Type Analysis
- 3.2.1 Global Bituminous Flat Roofing Systems Market by Value
- Table 12: Global Bituminous Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 13: Global Bituminous Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.2.2 Global Tiles Flat Roofing Systems Market by Value
- Table 14: Global Tiles Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 15: Global Tiles Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.2.3 Global Metal Flat Roofing Systems Market by Value
- Table 16: Global Metal Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 17: Global Metal Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.2.4 Global Other Flat Roofing Systems Market by Value
- Table 18: Global Other Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 19: Global Other Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3 Global Flat Roofing Systems Market: Technology Analysis
- 3.3.1 Global Bituminous Membrane Flat Roofing Systems Market by Value
- Table 20: Global Bituminous Membrane Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 21: Global Bituminous Membrane Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3.2 Global Roofing Insulation Flat Roofing Systems Market by Value
- Table 22: Global Roofing Insulation Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 23: Global Roofing Insulation Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3.3 Global Assembly Components Flat Roofing Systems Market by Value
- Table 24: Global Assembly Components Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 25: Global Assembly Components Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3.4 Global Single-ply Membrane Flat Roofing Systems Market by Value
- Table 26: Global Single-ply Membrane Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 27: Global Single-ply Membrane Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3.5 Global Liquid Applied Membrane Flat Roofing Systems Market by Value
- Table 28: Global Liquid Applied Membrane Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 29: Global Liquid Applied Membrane Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.3.6 Global Metal Flat Roofing Systems Market by Value
- Table 30: Global Metal Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 31: Global Metal Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.4 Global Flat Roofing Systems Market: Construction Type Analysis
- 3.4.1 Global New Construction Flat Roofing Systems Market by Value
- Table 32: Global New Construction Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 33: Global New Construction Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.4.2 Global Reroofing Flat Roofing Systems Market by Value
- Table 34: Global Reroofing Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 35: Global Reroofing Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.5 Global Flat Roofing Systems Market: Application Analysis
- 3.5.1 Global Commercial Flat Roofing Systems Market by Value
- Table 36: Global Commercial Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 37: Global Commercial Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.5.2 Global Residential Flat Roofing Systems Market by Value
- Table 38: Global Residential Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 39: Global Residential Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 3.5.3 Global Industrial Flat Roofing Systems Market by Value
- Table 40: Global Industrial Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 41: Global Industrial Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4. Regional Market Analysis
- 4.1 Asia Pacific Flat Roofing Systems Market: An Analysis
- 4.1.1 Asia Pacific Flat Roofing Systems Market by Value
- Table 42: Asia Pacific Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 43: Asia Pacific Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- Table 44: Asia Pacific Flat Roofing Systems Market by Region; 2021 (Percentage, %)
- 4.1.2 Asia Pacific Flat Roofing Systems Market by Region (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific)
- 4.1.3 China Flat Roofing Systems Market by Value
- Table 45: China Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 46: China Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.1.4 Japan Flat Roofing Systems Market by Value
- Table 47: Japan Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 48: Japan Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.1.5 India Flat Roofing Systems Market by Value
- Table 49: India Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 50: India Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.1.6 Australia Flat Roofing Systems Market by Value
- Table 51: Australia Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 52: Australia Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.1.7 South Korea Flat Roofing Systems Market by Value
- Table 53: South Korea Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 54: South Korea Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.1.8 Rest of Asia Pacific Flat Roofing Systems Market by Value
- Table 55: Rest of Asia Pacific Flat Roofing Systems Market by Value; 2020-2021 (US$ Million)
- Table 56: Rest of Asia Pacific Flat Roofing Systems Market by Value; 2022-2026 (US$ Million)
- 4.2 North America Flat Roofing Systems Market: An Analysis
- 4.2.1 North America Flat Roofing Systems Market by Value
- Table 57: North America Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 58: North America Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.2 North America Flat Roofing Systems Market by Material Type (Bituminous and Other)
- Table 59: North America Flat Roofing Systems Market by Material Type; 2021 (Percentage, %)
- 4.2.3 North America Bituminous Flat Roofing Systems Market by Value
- Table 60: North America Bituminous Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 61: North America Bituminous Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.4 North America Others Flat Roofing Systems Market by Value
- Table 62: North America Others Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 63: North America Others Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.5 North America Flat Roofing Systems Market by Application (Commercial, Residential, and Industrial)
- Table 64: North America Flat Roofing Systems Market by Application; 2021 (Percentage, %)
- 4.2.6 North America Commercial Flat Roofing Systems Market by Value
- Table 65: North America Commercial Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 66: North America Commercial Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.7 North America Residential Flat Roofing Systems Market by Value
- Table 67: North America Residential Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 68: North America Residential Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.8 North America Industrial Flat Roofing Systems Market by Value
- Table 69: North America Industrial Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 70: North America Industrial Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.9 North America Flat Roofing Systems Market by Region (The US and Rest of North America)
- Table 71: North America Flat Roofing Systems Market by Region; 2021 (Percentage, %)
- 4.2.10 The US Flat Roofing Systems Market by Value
- Table 72: The US Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 73: The US Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.2.11 Rest of North America Flat Roofing Systems Market by Value
- Table 74: Rest of North America Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 75: Rest of North America Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3 Europe Flat Roofing Systems Market: An Analysis
- 4.3.1 Europe Flat Roofing Systems Market by Value
- Table 76: Europe Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 77: Europe Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3.2 Europe Flat Roofing Systems Market by Region (Germany, The UK, France, Italy, Spain, and Rest of Europe)
- Table 78: Europe Flat Roofing Systems Market by Region; 2021 (Percentage, %)
- 4.3.3 Germany Flat Roofing Systems Market by Value
- Table 79: Germany Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 80: Germany Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3.4 The UK Flat Roofing Systems Market by Value
- Table 81: The UK Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 82: The UK Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3.5 France Flat Roofing Systems Market by Value
- Table 83: France Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 84: France Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3.6 Italy Flat Roofing Systems Market by Value
- Table 85: Italy Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 86: Italy Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.3.7 Spain Flat Roofing Systems Market by Value
- Table 87: Spain Flat Roofing Systems Market by Value; 2020-2021 (US$ Million)
- Table 88: Spain Flat Roofing Systems Market by Value; 2022-2026 (US$ Million)
- 4.3.8 Rest of Europe Flat Roofing Systems Market by Value
- Table 89: Rest of Europe Flat Roofing Systems Market by Value; 2020-2021 (US$ Billion)
- Table 90: Rest of Europe Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.4 Latin America Flat Roofing Systems Market: An Analysis
- 4.4.1 Latin America Flat Roofing Systems Market by Value
- Table 91: Latin America Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 92: Latin America Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 4.5 Middle East & Africa Flat Roofing Systems Market: An Analysis
- 4.5.1 Middle East & Africa Flat Roofing Systems Market by Value
- Table 93: Middle East & Africa Flat Roofing Systems Market by Value; 2017-2021 (US$ Billion)
- Table 94: Middle East & Africa Flat Roofing Systems Market by Value; 2022-2026 (US$ Billion)
- 5. Impact of COVID-19
- 5.1 Impact of COVID on Flat Roofing Market
- 5.2 Impact of COVID-19 on Construction Activities
- Table 95: Global Construction Activity Index; Q2 2020-Q4 2021 (Index)
- 5.3 Post Pandemic Impact
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Growing Construction Industry
- Table 96: Global Construction Market by Value; 2020-2030 (US$ Trillion)
- 6.1.2 Growing Urbanization
- Table 97: Global Share of Urban Population in Total Population; 2015-2050 (Percentage, %)
- 6.1.3 Increasing Disposable Income
- Table 98: The US Per Capita Personal Disposable Income; 2011-2021 (US$ Thousand)
- 6.1.4 Increasing Number of Warehouses
- Table 99: Global Number of Warehouses; 2020-2025 (Thousands)
- 6.1.5 Climate Change
- Table 100: Global Annual Changes In Average Temperatures; 2015-2020 (Temperature, °F)
- 6.1.6 Increasing Adoption of Flat Roofing in Commercial Building
- 6.2 Challenges
- 6.2.1 Volatility in Raw Material Prices
- 6.2.2 Lack of Skilled labor
- 6.2.3 Design Consideration
- 6.3 Market Trends
- 6.3.1 Increasing Housing Age
- Table 101: The US Number of Homes, by Age: 2021 (Million)
- 6.3.2 Growing Demand For Green Roofing
- 6.3.3 Increasing Use of Self-Adhesive Roofing Membranes
- 7. Competitive Landscape
- 7.1 Global Flat Roofing Systems Market Players: Key Comparison
- Table 102: Global Flat Roofing Systems Market Players: Key Comparison
- 8. Company Profiles
- 8.1 Sika AG
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- Table 103: Sika AG Net Sales by Segment; 2021 (Percentage, %)
- 8.1.3 Business Strategy
- 8.2 Holcim Group (Firestone Building Products)
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- Table 104: Holcim Group Net Sales by Segment; 2021 (Percentage, %)
- 8.2.3 Business Strategy
- 8.3 3M Company
- 8.3.1 Business Overview
- 8.3.2 Operating Segments
- Table 105: 3M Company Net Sales by Segment; 2021 (Percentage, %)
- 8.3.3 Business Strategy
- 8.4 Dow Inc. (The Dow Chemical Company)
- 8.4.1 Business Overview
- 8.4.2 Operating Segment
- Table 106: Dow Inc. Net Sales by Segment; 2021 (Percentage, %)
- 8.4.3 Business Strategy
- 8.5 Owens Corning
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- Table 107: Owens Corning Net Sales by Segment; 2021 (Percentage, %)
- 8.5.3 Business Strategy
- 8.6 Carlisle Companies Incorporated
- 8.6.1 Business Overview
- 8.6.2 Operating Segment
- Table 108: Carlisle Companies Incorporated Revenue by Segment; 2021 (Percentage, %)
- 8.6.3 Business Strategy
- 8.7 CSR Limited
- 8.7.1 Business Overview
- 8.7.2 Operating Segment
- Table 109: CSR Limited Trading Revenue by Segment; 2021 (Percentage, %)
- 8.7.3 Business Strategy
- 8.8 Hood Companies, Inc. (Atlas Roofing Corporation)
- 8.8.1 Business Overview
- 8.8.2 Business Strategy
- 8.9 IKO Group
- 8.9.1 Business Overview
- 8.9.2 Business Strategy
- 8.10 TAMKO Building Products LLC
- 8.10.1 Business Overview
- 8.10.2 Business Strategy
- 8.11 Standard Industries (BMI Group)
- 8.11.1 Business Overview
- 8.11.2 Business Strategy
- 8.12 Duro-Last Inc.
- 8.12.1 Business Overview
- 8.12.2 Business Strategy
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