Roofing

Gains in roofing demand will be spurred by increases in building construction activity, especially for products installed on residences, such as asphalt shingles and roofing tiles.

US demand to rise 3.5% annually through 2017

US demand for roofing is projected to rise 3.5 percent annually to 268 million squares in 2017, valued at $27.2 billion. This will be a rebound from the declines seen between 2007 and 2012 when roofing demand fell as a result of a steep drop in building construction. Going forward, increases in building construction activity will spur gains in roofing demand, especially for products installed on residences, such as asphalt shingles and roofing tiles.

New building construction to drive gains

In both the residential and nonresidential markets, new building construction will drive gains. Roofing demand in the new housing segment is expected to rise at double-digit annual rates through 2017 as housing starts rise from their low 2012 base. In the nonresidential market, sharp growth in office and commercial construction spending and gains in institutional and industrial construction expenditures are expected to boost low-slope roofing demand.

Reroofing demand to remain strong

Reroofing activity accounts for the larger share of roofing demand in the US. This was especially so in 2012, when new construction was at a depressed level and damage caused by Hurricane Sandy and other storms during that year led many home and building owners to replace damaged or torn away roofing. Reroofing demand in both the residential and nonresidential markets through 2017 will remain strong, supported by a more favorable lending environment, as property owners who put off renovation projects -- such as roof replacement -- will be able to undertake them.

Asphalt shingles to remain dominant product

Asphalt shingles accounted for the largest share of roofing demand in 2012, indicative of their dominant position in the residential market. Through 2017, demand for asphalt shingles is forecast to rise at an above average annual rate, spurred by rebounding housing starts. Gains will also be boosted by continuing consumer interest in laminated asphalt shingles, which are perceived as better able to improve a home’s appearance.

Roofing tiles to lead gains

Roofing tiles are expected to see the most rapid growth of all roofing products through 2017. Advances will be driven by a rebound in residential building construction activity in the West and South, where tiles are most often installed. Demand will also be supported by interest in these products because of their favorable aesthetics and ability to be used on cool roofs.

Study Coverage

This study analyzes the 225.6 million square US roofing industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., asphalt shingles, bituminous low-slope roofing, metal roofing, elastomeric roofing, plastic roofing, roofing tile, wood shingles and shakes), market (e.g., residential, nonresidential) and US region..

The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 35 industry players such as GAFMC, Owens Corning and CertainTeed.

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Purchase Roofing by the Section

  1. Roofing

    $5,300.00

    1. 1 INTRODUCTION

      $96.00

    2. 2 EXECUTIVE SUMMARY

      $97.00

      1. Table | ROOFING DEMAND (million squares)

    3. 3 MARKET ENVIRONMENT

      $2,194.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $144.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $150.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Consumer Trends

        $243.00

        1. 3.4.1 Consumer Spending

          $95.00

          1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)

        2. 3.4.2 Consumer Financing

          $126.00

          1. Table | CONSUMER FINANCING ENVIRONMENT, 2002-2012

      5. 3.5 Building Construction

        $749.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        2. 3.5.1 Residential Buildings

          $432.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

          2. Table | NEW HOUSING INDICATORS

          3. Table | HOUSING STOCK BY TYPE (million units)

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)

        3. 3.5.2 Nonresidential Buildings

          $231.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

          2. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)

          3. Table | NONRESIDENTIAL BUILDING STOCK (billion 2005 dollars)

      6. 3.6 Pricing Trends

        $95.00

        1. Table | SELECTED ROOFING PRODUCT PRICES (dollars per square)

      7. 3.7 Installed Costs

        $82.00

      8. 3.8 Historical Market Trends

        $97.00

        1. Table | ROOFING MARKET, 2002-2012

      9. 3.9 Materials & Technology Trends

        $82.00

      10. 3.10 Environmental Legislation & Regulatory Considerations

        $436.00

        1. 3.10.1 General Regulatory Issues

          $82.00

        2. 3.10.2 Energy Efficiency & Cool Roofs

          $133.00

        3. 3.10.3 Vegetative Roofs

          $82.00

        4. 3.10.4 Solar Energy Issues

          $117.00

        5. 3.10.5 Environmental Concerns

          $82.00

      11. 3.11 Foreign Trade

        $99.00

        1. Table | US ROOFING PRODUCTS FOREIGN TRADE (million dollars)

    4. 4 PRODUCTS

      $3,197.00

      1. 4.1 General

        $104.00

        1. Table | ROOFING DEMAND BY PRODUCT (million squares)

      2. 4.2 Asphalt Shingles

        $357.00

        1. Table | ASPHALT SHINGLE DEMAND BY MARKET (million squares)

        2. 4.2.1 Demand by Product & Material

          $82.00

          1. Table | ASPHALT SHINGLE DEMAND BY PRODUCT & MATERIAL (million squares)

        3. 4.2.2 Product Characteristics

          $114.00

        4. 4.2.3 Cost Factors

          $82.00

          1. Table | ASPHALT SHINGLE INSTALLED COST

      3. 4.3 Bituminous Low-Slope Roofing

        $850.00

        1. Table | BITUMINOUS LOW-SLOPE ROOFING DEMAND BY MARKET (million squares)

        2. 4.3.1 Product Characteristics

          $125.00

        3. 4.3.2 Built-Up Roofing Systems

          $89.00

        4. 4.3.3 Cost Factors

          $82.00

          1. Table | BITUMINOUS LOW-SLOPE ROOFING INSTALLED COST

        5. 4.3.4 Bituminous Sheet Roofing Demand

          $466.00

          1. Table | BITUMINOUS SHEET ROOFING DEMAND BY TYPE, PRODUCT, & APPLICATION (million squares)

          2. Table | ASPHALTIC SHEET ROOFING DEMAND BY PRODUCT (million squares)

          3. Table | COAL TAR SHEET ROOFING DEMAND BY PRODUCT (million squares)

          4. Table | STANDARD ROOFING FELTS DEMAND BY MATERIAL TYPE & SURFACE (million squares)

          5. Table | MODIFIED BITUMEN MEMBRANES ROOFING DEMAND BY MATERIAL TYPE & SURFACE (million squares)

      4. 4.4 Metal Roofing

        $350.00

        1. Table | METAL ROOFING DEMAND BY MARKET (million squares)

        2. 4.4.1 Demand by Type

          $118.00

          1. Table | METAL ROOFING DEMAND BY TYPE (million squares)

        3. 4.4.2 Product Characteristics

          $131.00

        4. 4.4.3 Cost Factors

          $82.00

          1. Table | METAL ROOFING INSTALLED COST

      5. 4.5 Elastomeric Roofing

        $234.00

        1. Table | ELASTOMERIC ROOFING DEMAND BY MARKET (million squares)

        2. 4.5.1 Demand by Type

          $82.00

          1. Table | ELASTOMERIC ROOFING DEMAND BY TYPE (million squares)

        3. 4.5.2 Product Characteristics

          $82.00

        4. 4.5.3 Cost Factors

          $82.00

          1. Table | ELASTOMERIC ROOFING INSTALLED COST

      6. 4.6 Plastic Roofing

        $402.00

        1. Table | PLASTIC ROOFING DEMAND BY MARKET (million squares)

        2. 4.6.1 Demand by Type

          $119.00

          1. Table | PLASTIC ROOFING DEMAND BY TYPE (million squares)

        3. 4.6.2 Product Characteristics

          $187.00

        4. 4.6.3 Cost Factors

          $82.00

          1. Table | PLASTIC ROOFING INSTALLED COST

      7. 4.7 Roofing Tile

        $274.00

        1. Table | ROOFING TILE DEMAND BY MARKET (million squares)

        2. 4.7.1 Demand by Type

          $82.00

          1. Table | ROOFING TILE DEMAND BY TYPE (million squares)

        3. 4.7.2 Product Characteristics

          $94.00

        4. 4.7.3 Cost Factors

          $82.00

          1. Table | ROOFING TILE INSTALLED COST

      8. 4.8 Wood Shingles & Shakes

        $243.00

        1. Table | WOOD SHINGLE & SHAKE DEMAND BY MARKET (million squares)

        2. 4.8.1 Demand by Type

          $82.00

          1. Table | WOOD SHINGLE & SHAKE DEMAND BY TYPE (million squares)

        3. 4.8.2 Product Characteristics

          $82.00

        4. 4.8.3 Cost Factors

          $82.00

          1. Table | WOOD SHINGLE & SHAKE INSTALLED COST

      9. 4.9 Other Roofing Materials

        $381.00

        1. 4.9.1 Demand by Market

          $82.00

          1. Table | OTHER ROOFING MATERIALS DEMAND BY MARKET (million squares)

        2. 4.9.2 Demand by Material Type

          $311.00

          1. Table | OTHER ROOFING MATERIALS DEMAND BY TYPE (million squares)

    5. 5 MARKETS

      $1,736.00

      1. 5.1 General

        $106.00

        1. Table | ROOFING DEMAND BY MARKET (million squares)

      2. 5.2 Residential

        $673.00

        1. Table | RESIDENTIAL ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

        2. 5.2.1 New

          $82.00

          1. Table | NEW RESIDENTIAL ROOFING DEMAND BY PRODUCT (million squares)

        3. 5.2.2 Reroofing

          $109.00

          1. Table | RESIDENTIAL REROOFING DEMAND BY PRODUCT (million squares)

        4. 5.2.3 Demand by Housing Type

          $332.00

          1. Table | RESIDENTIAL ROOFING DEMAND BY HOUSING TYPE (million squares)

          2. Table | SINGLE-FAMILY HOUSING ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

          3. Table | MULTIFAMILY HOUSING ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

          4. Table | MANUFACTURED HOUSING ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

      3. 5.3 Nonresidential

        $865.00

        1. Table | NONRESIDENTIAL ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

        2. 5.3.1 New

          $101.00

          1. Table | NEW NONRESIDENTIAL ROOFING DEMAND BY PRODUCT (million squares)

        3. 5.3.2 Reroofing

          $116.00

          1. Table | NONRESIDENTIAL REROOFING DEMAND BY PRODUCT (million squares)

        4. 5.3.3 Demand by Building Type

          $506.00

          1. Table | NONRESIDENTIAL ROOFING DEMAND BY BUILDING TYPE (million squares)

          2. Table | OFFICE & COMMERCIAL ROOFING DEMAND BY PRODUCT & APPLICATION (million dollars)

          3. Table | INDUSTRIAL ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

          4. Table | INSTITUTIONAL ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

          5. Table | OTHER NONRESIDENTIAL ROOFING DEMAND BY PRODUCT & APPLICATION (million squares)

      4. 5.4 Demand by Slope

        $91.00

    6. 6 REGIONS

      $1,867.00

      1. 6.1 General

        $82.00

      2. 6.2 Regional Demographic & Economic Trends

        $418.00

        1. 6.2.1 Population Patterns

          $109.00

          1. Table | POPULATION BY REGION (million persons)

        2. 6.2.2 Economic Outlook

          $110.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION (billion 2005 dollars)

        3. 6.2.3 Regional Construction

          $82.00

          1. Table | CONSTRUCTION EXPENDITURES BY REGION (billion 2005 dollars)

        4. 6.2.4 Housing Trends

          $99.00

          1. Table | REGIONAL HOUSING INDICATORS (thousand units)

      3. 6.3 Regional Roofing Demand

        $1,401.00

        1. Table | ROOFING DEMAND BY REGION (million squares)

        2. 6.3.1 Northeast

          $292.00

          1. Table | NORTHEAST ROOFING DEMAND BY SUBREGION, MARKET, & PRODUCT (million squares)

        3. 6.3.2 Midwest

          $339.00

          1. Table | MIDWEST ROOFING DEMAND BY SUBREGION, MARKET, & PRODUCT (million squares)

        4. 6.3.3 South

          $367.00

          1. Table | SOUTH ROOFING DEMAND BY SUBREGION, MARKET, & PRODUCT (million squares)

        5. 6.3.4 West

          $321.00

          1. Table | WEST ROOFING DEMAND BY SUBREGION, MARKET, & PRODUCT (million squares)

    7. 7 INDUSTRY STRUCTURE

      $5,333.00

      1. 7.1 General

        $82.00

      2. 7.2 Industry Composition & Market Share

        $366.00

        1. Table | US ROOFING SALES BY COMPANY, 2012 (million dollars)

        2. 7.2.1 Market Leaders

          $201.00

        3. 7.2.2 Product Segment Leaders

          $82.00

      3. 7.3 Product Developments

        $166.00

        1. 7.3.1 Asphalt Shingles

          $82.00

        2. 7.3.2 Low-Slope Roofing Products

          $82.00

      4. 7.4 Manufacturing

        $82.00

      5. 7.5 Competitive Strategies

        $82.00

      6. 7.6 Marketing

        $110.00

      7. 7.7 Distribution

        $126.00

      8. 7.8 Mergers & Acquisitions

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 7.9 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      10. 7.10 Company Profiles

        $4,601.00

        1. 7.10.1 ABC Supply Company Incorporated

          $82.00

        2. 7.10.2 ATAS International Incorporated

          $99.00

        3. 7.10.3 BASF SE

          $91.00

        4. 7.10.4 Beacon Roofing Supply Incorporated

          $82.00

        5. 7.10.5 Berkshire Hathaway Incorporated

          $289.00

        6. 7.10.6 BITEC Incorporated

          $82.00

        7. 7.10.7 BlueScope Steel Limited

          $239.00

        8. 7.10.8 Boral Limited

          $139.00

        9. 7.10.9 Bridgestone Corporation

          $251.00

        10. 7.10.10 Building Materials Corporation of America

          $282.00

        11. 7.10.11 Carlisle Companies Incorporated

          $228.00

        12. 7.10.12 Clarke Group

          $82.00

        13. 7.10.13 CRH plc

          $100.00

        14. 7.10.14 Dow Chemical Company

          $83.00

        15. 7.10.15 Duro-Last Roofing Incorporated

          $82.00

        16. 7.10.16 Fletcher Building Limited

          $82.00

        17. 7.10.17 HeidelbergCement AG

          $82.00

        18. 7.10.18 Henry Company

          $199.00

        19. 7.10.19 Hood Companies

          $132.00

        20. 7.10.20 IB Roof Systems Incorporated

          $82.00

        21. 7.10.21 Icopal a/s

          $105.00

        22. 7.10.22 IKO Group

          $223.00

        23. 7.10.23 Malarkey Roofing Products Company

          $103.00

        24. 7.10.24 McElroy Metal Incorporated

          $83.00

        25. 7.10.25 MONIER Group Services GmbH

          $82.00

        26. 7.10.26 NCI Building Systems Incorporated

          $264.00

        27. 7.10.27 North American Roofing Services Incorporated

          $82.00

        28. 7.10.28 Nucor Corporation

          $144.00

        29. 7.10.29 Owens Corning

          $165.00

        30. 7.10.30 Petersen Aluminum Corporation

          $82.00

        31. 7.10.31 Reliance Steel & Aluminum Company

          $97.00

        32. 7.10.32 Saint-Gobain

          $291.00

        33. 7.10.33 Staroba Plastic and Metal Products of New York Incorporated

          $82.00

        34. 7.10.34 TAMKO Building Products Incorporated

          $221.00

        35. 7.10.35 Terreal SAS

          $82.00

      11. 7.11 Additional Companies Mentioned in Study

        $82.00

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