Abstract
Global roofing demand to reach 10 billion square meters in 2012
Global roofing demand is forecast to expand 2.9 percent per annum through 2012
to 10 billion square meters, with a value of $65 billion. Demand will be
driven by accelerating growth in the two largest markets: the US and China.
The US market is expected to expand as housing construction recovers from its
current slump. Chinese demand will benefit from advances in the residential
market, which will be driven by rising per capita income levels.
Emerging Asian markets to record fastest gains
The emerging economies of Asia, including China, will record the fastest
growth in demand for roofing materials through 2012. Rapid population growth
in countries such as India, the Philippines and Malaysia will generate demand
for housing, while strong economic expansion in China, India and Malaysia
spurs demand in the nonresidential market.
As measured by area, China is expected to become the largest single market for
roofing by 2012, surpassing the US. The Chinese market is forecast to grow
four percent per year over that period, reaching 2.7 billion square meters.
Demand for low-slope roofing materials (e.g., modified bitumen, elastomeric
and plastic membranes) will offer above average gains, benefiting from strong
demand in the nonresidential market.
Study coverage
It presents historical demand data (1997, 2002, 2007) and forecasts for 2012
and 2017 by product, world region and for 30 countries. The study also
considers market environment factors, evaluates market share and profiles
industry competitors.
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