US Roofing Market

Nov 24, 2011, 05:06 ET from Reportlinker

NEW YORK, Nov. 24, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

US Roofing Market

http://www.reportlinker.com/p0690851/US-Roofing-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Home_Building_and_Improvement

US demand to rise 5.7% annually through 2015

US demand for roofing is forecast to rise 5.7 percent per year to 263 million squares in 2015, valued at $24.4 billion. This pace represents a turnaround from the 6.1 percent annual declines experienced between 2005 and 2010. Advances will be driven by the rebound in building construction expenditures from their depressed 2010 base.

New homes to be fastest growing market

The new residential market will see annual demand gains of over 20 percent through 2015 as housing starts rise from their low 2010 levels. However, the residential reroofing market will continue to account for the largest share of roofing demand in 2015. Those homeowners that delayed or canceled renovation projects -- such as roof replacement -- during the 2007-2009 recession will go forward with their plans. Roofing demand in the nonresidential market will be spurred by the new construction segment, which is expected to see 7.5 percent annual gains through 2015. Rebounding office and commercial and institutional construction spending will drive advances. Increasing demand for such structures as educational and health care facilities, retail sites and office buildings will promote demand for roofing materials.

Environmentally friendly products to support growth

In both the residential and nonresidential markets, roofing demand will be supported by consumer interest in environmentally friendly products. Such items as light-colored roofing tiles and membranes, metal roofs, roofing made from recycled materials, vegetative roofs and integrated photovoltaic roofing will see increasing use. Consumers will install these roofing materials to reduce energy costs and minimize urban heat-island effects. Demand will also be supported by the efforts of state and local governments to pass laws mandating the use of these products in new and renovation construction.

Laminated asphalt shingles to gain market share

Asphalt shingles hold a dominant position in the residential market and thus are the most popular roofing material. Demand for asphalt shingles will rise nearly seven percent per year through 2015 as residential building construction expenditures rebound. Laminated asphalt shingles, which accounted for 40 percent of shingle demand in 2000, are projected to account for 85 percent of demand in 2015. Demand for laminated shingles will be spurred by their superior aesthetic and performance qualities. In the long term, the increasing use of laminated shingles will constrain replacement demand, as these products can have lifespans more than twice that of conventional asphalt shingles.

Roofing tiles to see fastest gains among other products

Among other products, roofing tiles will see the most rapid demand advances through 2015. Gains will be driven by increasing residential building construction spending in the West and South, where roofing tiles are most often installed. Growth will also be promoted by rising interest in the use of roofing tile because of its favorable aesthetics. Lightcolored tiles can also serve as cool roofing materials, helping homeowners reduce energy use.

Study coverage

This new industry study, presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by product (e.g., asphalt shingles, bituminous low-slope, metal, elastomeric, plastic, roofing tile, wood shingles and shakes), market (residential, nonresidential) and US region. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

TABLE OF CONTENTS

INTRODUCTION xii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Macroeconomic Environment 5

Demographic Outlook 9

Consumer Trends 13

Personal Income & Expenditures 14

Consumer Financing 16

Building Construction 19

Residential Buildings 22

Housing Starts 25

Housing Stock 30

Improvements & Repairs 34

Nonresidential Buildings 35

New 36

Improvements & Repairs 38

Nonresidential Building Stock 40

Pricing 42

Installed Costs 46

Historical Market Overview 48

Materials & Technology Trends 51

Environmental Legislation & Regulatory Considerations 53

General Regulatory Issues 53

Energy Savings & Cool Roofs 54

Green Roofs 57

Solar Energy Issues 59

Environmental Concerns 60

Foreign Trade 62

III. PRODUCTS 65

General 65

Asphalt Shingles 68

Demand by Product & Material 71

Producers 73

Product Characteristics 74

Cost Factors 76

Bituminous Low-Slope Roofing 78

Producers 80

Product Characteristics 81

Modified Bitumen Systems 81

BUR Systems 83

Primary Roll Roofing 85

Cost Factors 85

Bituminous Sheet Roofing Demand 87

Asphaltic Sheet Roofing 90

Coal Tar Sheet Roofing 92

Standard Roofing Felts 94

Modified Bitumen Membranes 96

Metal Roofing 100

Demand by Type 102

Producers 105

Product Characteristics 106

Cost Factors 109

Elastomeric Roofing 110

Demand by Type 111

Product Characteristics 113

Cost Factors 114

Plastic Roofing 116

Demand by Type 118

Producers 121

Product Characteristics 122

Thermoplastic Olefins 122

Polyvinyl Chloride 124

Spray Polyurethane Foams 124

All Other Plastic Roofing Products 125

Cost Factors 125

Roofing Tile 127

Demand by Type 128

Producers 131

Product Characteristics 131

Cost Factors 133

Wood Shingles & Shakes 134

Demand by Type 136

Product Characteristics 138

Cost Factors 140

Other Roofing Materials 141

Demand by Market 142

Demand by Material Type 143

Composite & Other Green Materials 144

Composite & Recycled Roofing 144

Green Roofs 146

Photovoltaic Roofing 149

All Other Roofing 151

IV. MARKETS 153

General 153

Residential 156

New 160

Reroofing 162

Demand by Housing Type 164

Single-Family 165

Multifamily 168

Manufactured Housing 171

Nonresidential 174

New 179

Reroofing 181

Demand by Building Type 184

Office & Commercial 187

Industrial 191

Institutional 193

Other Nonresidential 197

Demand by Slope 200

V. REGIONS 203

General 203

Regional Demographic & Economic Activity 204

Population Patterns 205

Economic Outlook 207

Construction Activity 210

Housing Trends 212

Regional Roofing Demand 215

Northeast 217

New England 221

Middle Atlantic 222

Midwest 224

East North Central 229

West North Central 230

South 231

South Atlantic 236

East South Central 238

West South Central 239

West 241

Mountain 245

Pacific 247

VI. INDUSTRY STRUCTURE 249

General 249

Industry Composition & Market Share 250

Market Leaders 253

Product Segment Leaders 258

Product Development & Manufacturing 260

Competitive Strategies 264

Marketing 266

Distribution 268

Mergers & Acquisitions 271

Cooperative Agreements 272

Company Profiles 273

Allied Building Products, see CRH

American Building Components, see NCI Building

Systems

American Buildings, see Nucor Corporation

ASC Profiles, see BlueScope Steel

ATAS International Incorporated 274

Atlas Roofing, see Hood Companies

BASF SE 277

Berkshire Hathaway Incorporated 280

BITEC, see Index

BlueScope Steel Limited 286

Boral Limited 291

Bridgestone Corporation 295

Building Materials Corporation of America 299

Butler Manufacturing, see BlueScope Steel

Canroof, see IKO Group

Carlisle Companies Incorporated 305

CertainTeed, see Saint-Gobain

Clarke Group 309

CopperCraft, see Euramax International

CRH plc 311

DECRA Roofing Systems, see Fletcher Building

Dow Chemical Company 313

Duro-Last Roofing Incorporated 315

EcoStar, see Staroba Plastic and Metal Products of New

York

Euramax International Incorporated 316

Fabral, see Euramax International

Fiberteq, see IKO Group and Owens Corning

Firestone Building Products, see Bridgestone

Fletcher Building Limited 321

GAFMC, see Building Materials Corporation of America 322

GenFlex, see Bridgestone

Gerard Roofing Technologies, see Metals USA Holdings

Gulf States Manufacturers, see Nucor

Hanson Roof Tile, see HeidelbergCement

HCI Steel Building Systems, see BlueScope Steel

HeidelbergCement AG 323

Henry Company 324

Hood Companies 328

Hunter Panels, see Carlisle Companies

Hyload Roofing Systems, see IKO Group

IB Roof Systems 331

Icopal A/S 332

IKO Group 334

Index SpA 339

Insulated Panel Systems, see NCI Building Systems

Insulfoam, see Carlisle Companies

Johns Manville, see Berkshire Hathaway

Kirby Building Systems, see Nucor

Koppers Holdings Incorporated 341

Liberty Building Systems, see BlueScope Steel

Ludowici Roof Tile, see Terreal

Metal Building Components, see NCI Building Systems

Metals USA Holdings Corporation 343

Metl-Span, see BlueScope Steel

Monier Group GmbH 345

MonierLifetile, see Boral

MW/MB, see IKO Group and TAMKO Building Products

NCI Building Systems Incorporated 346

Norandex Building Materials Distribution, see Saint-

Gobain

North American Roofing Services Incorporated 351

Nucor Corporation 352

Owens Corning 354

Petersen Aluminum Corporation 358

Redland Clay Tile, see Monier Group

Robertson Building Systems, see NCI Building Systems

Saint-Gobain 360

Siplast Icopal, see Icopal A/S

Star Building Systems, see NCI Building Systems

Staroba Plastic and Metal Products

of New York Incorporated 367

TAMKO Building Products Incorporated 368

Terreal 373

US Tile, see Boral

Varco Pruden Buildings, see BlueScope Steel

Vulcraft, see Nucor

Westile, see CRH

Additional Companies Mentioned in Study 376

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 9

2 Population & Households 13

3 Personal Consumption Expenditures 16

4 Consumer Financing Environment, 2000-2010 19

5 Building Construction Expenditures 22

6 Residential Building Construction Expenditures 25

7 New Housing Indicators 30

8 Housing Stock by Type 33

9 Residential Improvement & Repair Expenditures 35

10 Nonresidential Building Construction Expenditures 38

11 Nonresidential Building Improvement & Repair Expenditures 39

12 Nonresidential Building Stock 42

13 Selected Roofing Product Prices 45

14 Roofing Market, 2000-2010 50

15 US Roofing Products Foreign Trade 64

SECTION III -- PRODUCTS

1 Roofing Demand by Product 68

2 Asphalt Shingles Demand by Market 71

3 Asphalt Shingles Demand by Product & Material 73

4 Asphalt Shingles Installed Cost 78

5 Bituminous Low-Slope Roofing Demand by Market 80

6 Bituminous Low-Slope Roofing Installed Cost 87

7 Bituminous Sheet Roofing Demand

by Bitumen, Product & Application 90

8 Asphaltic Sheet Roofing Demand by Product 92

9 Coal Tar Sheet Roofing Demand by Product 94

10 Standard Roofing Felts Demand by Material & Surface 96

11 Modified Bitumen Membranes Roofing Membranes

Demand by Material Type & Surface 99

12 Metal Roofing Demand by Market 102

13 Metal Roofing Demand by Type 105

14 Metal Roofing Installed Cost 110

15 Elastomeric Roofing Demand by Market 111

16 Elastomeric Roofing Demand by Type 113

17 Elastomeric Roofing Installed Cost 116

18 Plastic Roofing Demand by Market 118

19 Plastic Roofing Demand by Type 121

20 Plastic Roofing Installed Cost 126

21 Roofing Tile Demand by Market 128

22 Roofing Tile Demand by Type 130

23 Roofing Tile Installed Cost 134

24 Wood Shingle & Shake Demand by Market 136

25 Wood Shingle & Shake Demand by Type 138

26 Wood Shingle & Shake Installed Cost 141

27 Other Roofing Materials Demand by Market 143

28 Other Roofing Materials Demand by Type 144

SECTION IV -- MARKETS

1 Roofing Demand by Market 155

2 Residential Roofing Demand by Product & Application 159

3 New Residential Roofing Demand by Product 161

4 Residential Reroofing Demand by Product 164

5 Residential Roofing Demand by Housing Type 165

6 Single-Family Housing Roofing Demand

by Product & Application 168

7 Multifamily Housing Roofing Demand

by Product & Application 171

8 Manufactured Housing Roofing Demand

by Product & Application 174

9 Nonresidential Roofing Demand by Product & Application 178

10 New Nonresidential Roofing Demand by Product 181

11 Nonresidential Reroofing Demand by Product 184

12 Nonresidential Roofing Demand by Building Type 185

13 Office & Commercial Roofing Demand

by Product & Application 190

14 Industrial Roofing Demand by Product & Application 193

15 Institutional Roofing Demand by Product & Application 196

16 Other Nonresidential Roofing Demand

by Product & Application 199

SECTION V -- REGIONS

1 Population by Region 207

2 Gross Domestic Product by Region 210

3 Construction Expenditures by Region 212

4 Regional Housing Indicators 214

5 Roofing Demand by Region 216

6 Northeast Roofing Demand by Subregion, Market & Product 220

7 Midwest Roofing Demand by Subregion, Market & Product 228

8 South Roofing Demand by Subregion, Market & Product 235

9 West Roofing Demand by Subregion, Market & Product 244

SECTION VI -- INDUSTRY STRUCTURE

1 US Roofing Sales by Company, 2010 252

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2010 34

2 Roofing Prices, 2000-2020 46

3 Installed Costs for Selected Roofing Products, 2010 48

4 Roofing Market Growth, 2001-2010 51

SECTION IV -- MARKETS

1 Nonresidential Roofing Demand by Building Type, 2010

New Vs. Reroofing 186

2 Roofing Demand by Slope, 2010 202

SECTION V -- REGIONS

1 Roofing Demand by Region, 2010 217

SECTION VI -- INDUSTRY STRUCTURE

1 US Roofing Market Share, 2010 254

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