Market Synopsis: Global Steel Roofing Market, The global market for steel roofing has been witnessing substantial growth in the past couple of years. The demand for steel roofing is expected to be driven by the rise in the number of construction activities and growing awareness among homeowners and roofing contractors about the benefits of steel roofing. The growth in the number of housing projects across the globe will increase the demand for steel roofing, across the globe. Factors such as increased expenditure on the remodeling and retrofitting of buildings globally, are expected to lead to the market growth. Due to the growing urbanization, the need of new residential construction projects is growing, which fuel the demand of residential metal roofing around the world, further raising the growth of residential steel roofing. Moreover, various reforms and regulations have been introduced by governments in several countries for the purpose of raising their infrastructure and real-estate industries, which lead to the growth of the construction industry and raise the demand for steel roofing in the building., Furthermore, such roofs are strong, attractive, eco-friendly, and energy-efficient and provide various advantages of installing a steel roof in any building. Steel roofing sheet does not crack, shrink, or warp with the effects of humidity, sunlight, or other weather condition, and also extremely fire-resistant. It helps in preventing a fire from spreading into the building by providing insulation against sparks. However, fluctuating prices of raw materials might hamper the market growth. Rising consumer demand for eco-friendly roofing materials is an opportunity for the steel roofing market players., The steel roofing market size was valued at ~USD 1,500 million in 2018 and is expected to witness 6.2% CAGR during the forecast period., Regional Analysis:, On the basis of region, the global steel roofing market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Asia-Pacific dominated the global market, followed by North America for steel roofing. The growth of the building & construction industry and th

Market Synopsis: Global Steel Roofing Market

The global market for steel roofing has been witnessing substantial growth in the past couple of years. The demand for steel roofing is expected to be driven by the rise in the number of construction activities and growing awareness among homeowners and roofing contractors about the benefits of steel roofing. The growth in the number of housing projects across the globe will increase the demand for steel roofing, across the globe. Factors such as increased expenditure on the remodeling and retrofitting of buildings globally, are expected to lead to the market growth. Due to the growing urbanization, the need of new residential construction projects is growing, which fuel the demand of residential metal roofing around the world, further raising the growth of residential steel roofing. Moreover, various reforms and regulations have been introduced by governments in several countries for the purpose of raising their infrastructure and real-estate industries, which lead to the growth of the construction industry and raise the demand for steel roofing in the building.

Furthermore, such roofs are strong, attractive, eco-friendly, and energy-efficient and provide various advantages of installing a steel roof in any building. Steel roofing sheet does not crack, shrink, or warp with the effects of humidity, sunlight, or other weather condition, and also extremely fire-resistant. It helps in preventing a fire from spreading into the building by providing insulation against sparks. However, fluctuating prices of raw materials might hamper the market growth. Rising consumer demand for eco-friendly roofing materials is an opportunity for the steel roofing market players.

The steel roofing market size was valued at ~USD 1,500 million in 2018 and is expected to witness 6.2% CAGR during the forecast period.

Regional Analysis:

On the basis of region, the global steel roofing market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Asia-Pacific dominated the global market, followed by North America for steel roofing. The growth of the building & construction industry and the improvement in financial conditions in this region have led to the rise in the demand for steel roofing.

Segmentation:

The global steel roofing industry has been segmented based on type and application. On the basis of type, the global market has been classified as corrugated steel panels, steel shingles and shakes, stone-coated steel tiles, and standing seam. The corrugated steel panels segment accounted for the largest market share in the global market. Such steel roofing panels are an ideal option for homeowners as it mostly used on a slope roof, which help water run downwards, away from the building. On the basis of application, the global market has been segmented as residential and non-residential. The residential and non-residential segments are further segmented as new construction and remodeling & refurbishment.

The key players operating in the global steel roofing industry include Fabral (US), Certainteed (US), Kingspan Group (Ireland), Nucor Building Systems (US), Cornerstone Building Brands (US), Fletcher Steel Limited (New Zealand), Blachy Pruszyński (Poland), and Tata Steel Europe Limited (UK).

Ideal Roofing (Canada), EDCO Products (US), Safal Group (South Africa), ATAS International, Inc. (US), CHIEF INDUSTRIES, INC. (US), Bilka (Romania), and McElroy Metal (US) are some of the other players operating in the steel roofing industry.

The global steel roofing market is fairly competitive with a moderate number of players, across the globe. The players are expected to adopt various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include focus on high quality product, cost-effectiveness, expansions, strategic partnerships, and collaborations with manufacturing companies.

Intended Audience:



Steel roofing manufacturers



Steel roofing traders/distributers/suppliers



raw materials suppliers



Architects & engineers



Regulatory bodies



Research organizations



Association and industry bodies



End consumers



Market research and consulting firms



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