About Flat Roofing Systems
Flat roofing refers to a type of roofing system that has a minimal slope, usually less than 10 degrees, and is generally used in commercial and industrial buildings. It differs from sloped roofs, which have a steeper incline and are more commonly found in residential buildings. Some of the most popular flat roofing materials include EPDM, TPO, and PVC, which are durable and long-lasting. The increasing construction of commercial and industrial buildings worldwide is driving the demand for flat roofs.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
Competition among existing players is due to the flat roofing systems market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for flat roofing system market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flat Roofing Systems market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Sika AG (Switzerland), Siemens (Germany), Owens Corning (United States), RPM International Inc. (United States), Saint Gobain S.A (France), Duro-Last (United States), MKO Buildings Product (United States), Rockwell International (United States), Kingspan Group Plc (Ireland), Fibran (Switzerland), Recticel NV/SA (Belgium) and TAMKO Buildings Products Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Carlisle Construction Materials (United States), Siplast (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Flat Roofing Systems market by and Region.
On the basis of geography, the market of Flat Roofing Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Bituminous Membrane will boost the Flat Roofing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. EPDM (Ethylene Propylene Diene Monomer) will boost the Flat Roofing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Flat Roofing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing number of warehouses, emerging green building concepts, surging renovation activities of old building. and Increasing demand for sustainable and cost effective floor roofing system.
Market Growth Drivers:
Increasing construction of commercial and industrial buildings. and Growing urbanization and technical innovation in the construction sector.
Challenges:
The volatility in the prices of raw material of roofing system.
Restraints:
High cost of raw materials and installation.
Opportunities:
Technological advancement in material of roofing system.
Market Leaders and their expansionary development strategies
In August 2023, Holcim completed the acquisition of the Cooper Standard Technical Rubber GmbH (CSTR), a leading manufacturer of highly durable and technical rubber products, which are used for roofing systems. With this acquisition Holcim is advancing its "Strategy 2025 - Accelerating Green Growth", aiming to expand its Solutions & Products business to 30% of Group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation.
In July 2023, Carlisle Construction Materials (CCM), the specialist in waterproofing, sealing and airtightness solutions for the building envelope, launched the company’s proven TPO roofing system across all its European markets, including the UK.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.