Metal Roofing Market Analysis | 2022-2028

Market Insights

The Metal Roofing Market was estimated at US$ 23.8 billion in 2021 and is expected to grow at a CAGR of 3.3% during 2022-2028 to reach US$ 29.0 billion by 2028.

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Market Dynamics

Several factors contribute to the expansion of the metal roofing market:

• One of the major drivers of the metal roofing market is its long lifespan compared to traditional roofing materials such as asphalt shingles. Metal roofs can last for 50 years or more with proper maintenance, compared to the 15–20-year lifespan of asphalt shingles. This makes metal roofing a cost-effective and sustainable option in the long run.
• Another factor driving the growth of the metal roofing market is its energy efficiency. Metal roofs can reflect a significant amount of solar heat, reducing the amount of energy needed for cooling in hot climates. This can lead to lower energy bills for building owners and a reduced environmental impact.
• The metal roofing market is also benefiting from advancements in technology, which have led to the development of new materials and designs that improve performance and durability. For example, some metal roofs now incorporate insulation and coatings that enhance their resistance to weather and corrosion.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the metal roofing market, as it has on many other industries. The pandemic has disrupted supply chains and manufacturing processes, leading to a slowdown in production and delays in project timelines. Additionally, the economic impact of the pandemic has led to a decrease in demand for construction and building materials, including metal roofing. However, the metal roofing market has also seen some positive impacts from the pandemic. With more people staying at home due to lockdowns and social distancing measures, many homeowners are investing in home improvement projects, including roofing upgrades. Metal roofing is a popular choice for these projects due to its durability, energy efficiency, and aesthetic appeal.

In addition, the pandemic has increased awareness of the importance of sustainable and eco-friendly building materials. Metal roofing is a sustainable option, as it is recyclable and can last for decades, reducing the need for frequent replacements and waste. As a result, there has been increased interest in metal roofing as a sustainable building material, which could drive demand in the long term. Overall, the COVID-19 pandemic has had a mixed impact on the metal roofing market, with short-term disruptions and delays, but also some opportunities for growth in the long term.

Investments in the market

Investments in the metal roofing market have been increasing in recent years due to the growing demand for sustainable building materials. For instance, in 2020, CertainTeed, a subsidiary of Saint-Gobain, announced a $20 million investment to expand its metal roofing manufacturing facility in Oxford, North Carolina. The expansion will increase the facility's production capacity and support the growing demand for metal roofing in the region.

Segments Analysis

By Metal Type

The market is segmented into Copper, Aluminium, Zinc, Steel, and Others. Copper roofing is a premium option known for its durability, beauty, and long lifespan. Copper roofs can last for 100 years or more and are highly resistant to weathering and corrosion. Copper roofs are often used on historic or high-end buildings. Aluminium roofing is lightweight, durable, and easy to install.

It is resistant to corrosion and can be painted or coated to match a variety of styles and colours. Aluminium roofing is commonly used in residential and commercial applications. The choice of metal type for a roofing project depends on several factors, including the building's style and design, the climate and weather conditions, and the budget. Each metal type has its advantages and disadvantages in terms of cost, durability, maintenance, and aesthetics.

By Product Type

The market is segmented into Panel, Corrugated, Tile, Shingle, and Others. The Panel Metal roofing panels are flat, rectangular sheets that are used to cover large areas of a roof. They are available in a range of sizes and can be installed vertically or horizontally. Metal roofing panels are commonly used in commercial and industrial applications. Corrugated metal roofing features a wavy or ribbed pattern that adds strength and durability to the roof. Corrugated metal roofing is often used in agricultural, commercial, and industrial applications. Metal roofing tiles are designed to resemble traditional clay or concrete tiles. They are available in a range of colors and styles and offer excellent durability and weather resistance.

Metal roofing tiles are commonly used in residential and commercial applications. Metal roofing shingles are designed to resemble traditional asphalt shingles. They are available in a range of colors and styles and offer excellent durability and weather resistance. Metal roofing shingles are commonly used in residential applications. Other types of metal roofing products include standing seam roofing, snap-lock roofing, and metal shakes. These products offer unique styles and installation methods for specific applications. The choice of product type for a metal roofing project depends on several factors, including the building's style and design, the climate and weather conditions, and the budget. Each product type has its advantages and disadvantages in terms of cost, durability, maintenance, and aesthetics.

By End-User Type

The market is sub-segmented into Residential, Commercial, Agricultural, and Industrial. Metal roofing is a popular choice for residential buildings due to its durability, energy efficiency, and aesthetic appeal. Metal roofs can be installed on a range of residential buildings, including single-family homes, multi-unit buildings, and townhouses. Metal roofing is commonly used in commercial buildings due to its durability, low maintenance, and long lifespan. Metal roofs can be installed on a range of commercial buildings, including retail stores, restaurants, offices, and warehouses. Metal roofing is commonly used in agricultural buildings due to its strength, durability, and ability to withstand harsh weather conditions.

Metal roofs can be installed on a range of agricultural buildings, including barns, sheds, and other farm buildings. Metal roofing is often used in industrial buildings due to its ability to withstand extreme weather conditions, harsh chemicals, and heavy loads. Metal roofs can be installed on a range of industrial buildings, including factories, power plants, and refineries. The choice of end-user for a metal roofing project depends on several factors, including the building's use and purpose, the climate and weather conditions, and the budget. Each end-user has its own specific needs and requirements for a metal roof, and different metal roofing products and installation methods may be required for each end user.

Regional Analysis

The market can be segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American metal roofing market dominates the metal roofing market and is driven by the growing demand for energy-efficient and sustainable roofing solutions, especially in the residential sector. The United States and Canada are major contributors to the market growth in the region.

The Asia-Pacific metal roofing market is driven by rapid urbanization and industrialization in countries such as China, India, Japan, and South Korea. The growing demand for energy-efficient and sustainable roofing solutions in the residential, commercial, and industrial sectors is also contributing to the market growth in the region. The market growth in each region depends on several factors, including economic development, government regulations, construction activities, and environmental concerns. Each region has its own specific needs and requirements for metal roofing solutions, and different products and installation methods may be required for each region.

Key Players

The metal roofing market is highly competitive, with several players operating in the market. These companies compete on various factors such as product quality, pricing, distribution network, and brand recognition. The key players in the market are focusing on new product development, strategic partnerships, and mergers and acquisitions to expand their product portfolio and market reach. The market is also characterized by the presence of several regional and local players who cater to the specific needs of the local markets. These players compete with the established players based on product pricing, product differentiation, and customization.

The following are the key players in the metal roofing market:

• Aditya Profiles
• ATAS International, Inc
• Boral Roofing
• Central States Mfg
• Ideal Roofing
• Lifetite Metal Product LLC
• Linyi Jinhu Color Coating Aluminium Industry Co., Ltd
• Metal Sales Manufacturing Corporation
• MBCI
• Mcelroy Metal
• BHP Steel Building Products
• BlueScope Steel Limited
• CertainTeed Corporation
• Kingspan Group
• NCI Building Systems, Inc.
• Owens Corning
• Tata Steel Europe

The market is expected to witness increased competition in the coming years due to the growing demand for sustainable roofing solutions and the increasing adoption of green building practices. Companies are expected to focus on innovation and development of new and advanced metal roofing products to cater to the evolving customer needs and preferences.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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