CLEVELAND, Sept. 28, 2016 /PRNewswire/ -- US demand for commercial roofing products is forecast to advance 1.6 percent per year to 110 million squares in 2020, valued at $7.8 billion. Reroofing applications accounted for the larger share of demand and will continue to do so going forward, supported by the large stock of installed roofs. Many commercial structures -- particular those large in size -- feature low-slope roofs susceptible to damage caused by moisture, impacts, and general wear and tear. These and other trends are presented in Commercial Roofing, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Plastic roofing, which has overtaken bituminous membranes as the leading commercial roofing material installed in the US, will see above-average gains in demand through 2020, totaling 34.4 million squares. According to analyst Matt Zielenski, "Demand for plastic roofing will be supported by its favorable performance properties, ease of installation, and suitability for use as cool roofing." Thermoplastic polyolefin membranes with peel-and-stick backings have seen strong growth because they offer resistance to moisture and punctures and greatly reduce the time and expense of installation.
Industry study Commercial Roofing is available at
Bituminous membranes, which have seen their share of the US commercial roofing market drop in the face of competition from single-ply roofing, will continue to experience falling demand through 2020. Declines in the number of built-up roofing (BUR) systems -- which comprise multiple layers of bituminous roofing membranes -- installed on newly erected buildings will affect demand. The reroofing segment will continue to support bituminous roofing demand, as there is a large stock of structures with installed BUR systems. As these roofing products become damaged or worn, installers will generally opt for products such as self-adhering polymer-modified bituminous membranes as a replacement material.
Demand for steep-slope roofing materials used in commercial applications is forecast to advance at a more rapid pace than that of low-slope roofing through 2020. Use of these roofing products -- primarily asphalt shingles and metal shingles and tiles -- will be driven by rising office, retail, and lodging construction spending. Many low-rise structures in this market segment incorporate the features of residences to create more aesthetically pleasing exteriors.
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, market share information and profiles of the leading industry players. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
SOURCE The Freedonia Group