CLEVELAND, Nov. 5, 2019 /PRNewswire/ -- Plastic roofing is forecast to post the strongest annual increases of any major low-slope roofing product through 2023, rising 1.5% per year, due in part to its ease of installation and low maintenance requirements. TPO remains the leading plastic roofing type, supported by its lower cost and comparable performance properties to PVC roofing. The ability of most plastic roofing products to meet cool roofing criteria will continue to support demand growth. These trends and more are analyzed in Low-Slope Roofing published by The Freedonia Group.
For more information regarding Low-Slope Roofing product trends visit: https://www.freedoniagroup.com/industry-study/low-slope-roofing-3762.htm
Plastic roofing (TPO roofing, specifically) began to gain significant traction in the 1990s after several of the leading low-slope roofing suppliers – including Carlisle, Firestone, and GAF – began offering TPO products. In fact, TPO roofing's share of the low-slope roofing market (in squares of area covered) expanded from 7% in 2000 to 18% in 2018.
Plastic roofing products compete primarily with polymer-modified bitumen membranes and rubber systems:
- Many contractors have shifted away from bituminous roofs to plastic in order to take advantage of plastic's easier installation and performance benefits.
- White-colored EPDM membranes compete by offering similar reflective, energy efficient advantages as plastic roofs and can have longer lifespans. However, TPO roofing is often less expensive than EPDM membranes and features performance advantages such as superior resistance to leaks.
Additional Construction & Building Products studies can be viewed here: https://www.freedoniagroup.com/industry-category/build/construction-building-products.htm
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
SOURCE The Freedonia Group