According to latest report by Reports and Data, The Global Single-Ply Roofing Market size is expected to reach USD 6,405.49 Million in 2030 and register a CAGR of 6.38% over the forecast period. Single-ply roofing consists of 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 under strict quality control requirements and can be attached in a variety of methods. In last few years, single-ply roofing has displaced older materials, such as tarpaper, as go-to roofing material for commercial roofing contractors. Properly installed, single-ply roofing systems offer an advantage over traditional materials due to their strength, flexibility, and high durability.
One of the biggest changes that have happened in construction sector during green movement include building materials. Sustainably sourced materials that can last a long time or are recyclable take priority now. Countries globally have been focusing on shifting towards greener building materials. Single-ply roofing system involves use of membranes which are highly resistant to Ultraviolet (UV) and ozone. Furthermore, since these materials are durable, they are sustainable in nature. Installation method for these systems is also eco-friendly. For instance, ballasted systems are one of the most sustainable and environmentally friendly commercial roof systems since no fasteners or bonding adhesives are used in a ballasted system’s field. Thus, no volatile organic compounds are emitted into the atmosphere.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- GAF Materials LLC,
- Owens Corning,
- Kingspan Group, PLC,
- Johns Manville,
- Carlisle SynTec Systems,
- Baker Roofing Company,
- Duro-Last, Inc.,
- Sika AG.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
By Membrane Type Outlook
- Thermoplastic
- TPO
- PVC
- Others
- Thermoset
- EPDM
- CSPE
- Neoprene
- Others
By Installation Method Outlook
- Ballasted System
- Mechanically Attached System
- Fully Adhered System
- Others
By End-use Outlook
- Industrial
- Commercial
- Residential
The Global Single-Ply Roofing Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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