Abstract
US roofing market to surpass $15 billion in 2012
US roofing demand is forecast to grow nearly two percent per annum through
2012 to 280 million squares, valued at over $15 billion. Gains will be sparked
by a more favorable outlook for new residential construction. After a period
of sustained growth, housing construction contracted sharply in 2006 and 2007,
resulting in a net decline in new residential roofing demand over the
2002-2007 period. As housing construction recovers through 2012, demand for
roofing is projected to surge.
Reroofing will remain largest application
While new roofing applications are expected to grow the fastest through 2012,
the majority of demand will continue to come from reroofing applications. In
2007, reroofing accounted for more than three-quarters of total roofing demand.
Roofing tile, plastic roofing to see greatest gains
Roofing tile and plastic roofing are among those products anticipated to see
the greatest gains through 2012. Demand for roofing tile will be driven by the
recovery of the residential market, especially in the South and West, where
roofing tile demand is greatest. Demand for plastic roofing (e.g.,
thermoplastic polyolefin, PVC, and spray polyurethane foam), which is
typically used in nonresidential construction, will increase as plastic
materials supplant more traditional bituminous low-slope roofing products.
Study coverage
In addition, he study considers market environment factors, assesses industry
structure, evaluates company market share data and profiles 33 leading roofing
manufacturers active in the US market, including Saint- Gobain, GAFMC and
Owens Corning.
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