The Roofing Sheet market is an essential component of the building industry, providing protection from natural elements like rain, snow, and heat. The market was robust in 2020 and is expected to continue to grow due to the increased use of energy-efficient products and cool roof technologies. The market is segmented by product type, with bituminous and tile roofing panels holding the majority of the market share. The market is also segmented by end-user type, with the non-residential category dominating the market share due to increased commercial construction. The APAC region contributes the largest revenue share, followed by North America. The market is inhibited by the high cost of innovative roofing materials and fierce competition among players.
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However, there are opportunities for companies in emerging regions, where there is still a substantial undersupply of roofing systems. These companies are making strategic moves towards environmental sustainability, such as ArcelorMittal's floating solar farm. This report offers historical data points and forecasts, analysis, industry trends, and more at a global, regional, and country level.
The roofing panels market includes a wide range of companies, including manufacturers, suppliers, and distributors. Some of the top companies in this industry are:
- Kingspan Group: This Irish company is a leading global manufacturer of insulated panels for roofing and wall systems.
- Tata Steel Europe: A subsidiary of Tata Steel, this company produces a range of metal roofing panels and systems for commercial and industrial buildings.
- Metecno: A Spanish company that specializes in the design and manufacture of insulated metal panels for roofing and wall applications.
- McElroy Metal: Based in the US, this company produces a variety of metal roofing panels, including standing seam, exposed fastener, and concealed fastener systems.
- BlueScope Steel: This Australian company produces a range of steel roofing panels for residential and commercial buildings.
- SABIC: A global manufacturer of plastic materials, SABIC produces polycarbonate panels for roofing applications.
- ArcelorMittal: This Luxembourg-based company is the world's largest steel producer and offers a range of roofing panels for industrial and commercial buildings.
- Mueller, Inc.: A US-based manufacturer of metal roofing panels and components for agricultural, commercial, and residential applications.
- NCI Building Systems: This Texas-based company produces a variety of metal roofing panels and systems for commercial and industrial buildings.
- MBCI: A subsidiary of NCI Building Systems, MBCI offers a wide range of metal roofing panels and accessories for commercial and industrial buildings.
Roofing Panels Market: Drive Factors
The global Roofing Sheet market is driven by several factors, including the increasing use of energy-efficient products such as cool roof technologies, which are becoming more popular due to concerns about rising energy prices and carbon emissions. The use of insulated sandwich roof panels is also contributing to the growth of the market, as these panels offer a one-step solution for insulation and weatherproofing. Other factors driving market growth include technological advancements in roofing systems that make them more resistant to water and heat, as well as the rising demand for distribution centers. However, the high cost of innovative roofing materials and fierce competition among market players are factors that are inhibiting the growth of the market. Opportunities for players operating in the global roofing panels market include the promotion of solar roofing systems by governments in many countries, which could lead to the development of novel materials at lower prices, and the increasing demand for translucent roof panels.
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