Steep Slope Roofing Materials Market to Hit US $14,500 Mn by 2022 - Persistence Market Research

Steep Slope Roofing Materials Market: North America to Dominate the Market in Revenue Terms

​Steep slope roofing generally means the suitable roofing materials for roofs which have slopes of 3:12 or else bigger. It means that for every 12 horizontal inches, the roof’s mount is 3 inches or else bigger. The roofing materials such as wood, metal, concrete etc offer aesthetically pleasant colors and styles in addition to drainage.

Steep slope roofs are attractive as well as affordable as it possesses great features such as low maintenance requirements, resistance to wind and long service life in addition to greater aesthetic appeal. Moreover, it could be changed into wide ranges of shapes, offering a huge scope to new design techniques and creativity.

The worldwide market for steep slope roofing materials is slated to reach a market valuation of close to US $14,630 Million by 2022 end as well as is likely to register a slow CAGR of 3.0% during 2017-2022.

Market Segmentation

Forecast by material type

The worldwide market is categorized into 

• Wood

• Slate

• Concrete

• Metal

• Tiles

• Asphalt shingle

The tiles sector is considered to reach a market value of about US $1,850 Million by 2022 end representing a sluggish CAGR growth. The asphalt shingle sector, on the other hand, is gaining traction and is projected to touch a valuation of nearly US $9,200 Million by 2022 end. 

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Forecast by end market

The worldwide market is broadly categorized into 

• Re-roofing

• New Construction

The re-roofing category is estimated to reach a valuation of around US $9,350 Million in 2017 and is likely to gain maximum market share in 2022. However, the new construction category will be losing its market share and will reach a value close to US $3,800 Million in 2022. 

Forecast by form

The worldwide market is segmented into 

• Heavy Weight Laminates

• Laminates

• Strips

The strips segment is considered to attain more market shares and gain a market value of about US $2,890 Million by 2022 end. 

Forecast by region

The overall market is analyzed on the basis of six major regions, namely

• Middle East and Africa

• Asia Pacific excluding Japan

• Japan

• Europe

• Latin America

• North America

North America is expected to lead the worldwide market for steep slope roofing materials in valuation terms and the status quo is likely to remain unchanged over the conjecture time frame 2017-2022.

Key Market players

The prominent players in the overall market for Steep Slope Roofing Materials are

• Atlas Roofing Corporation

• Polyglass USA, Inc.

• Tarco

• TAMKO Building Products, Inc.

• Siplast Incorporated

• IKO Production, Inc.

• Malarkey Roofing Products

• Henry Company

• GAF

• CertainTeed Corporation

• Owens Corning

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Source: Persistence Market Research

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