World Roofing Market

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World Roofing Market

Report price : $ 5 800
Publication date : June 2008

Global roofing demand to reach 10 billion square meters in 2012
Global roofing demand is forecast to expand 2.9 percent per annum through 2012 to 10 billion square meters, with a value of $65 billion. Demand will be driven by accelerating growth in the two largest markets: the US and China. The US market is expected to expand as housing construction recovers from its current slump. Chinese demand will benefit from advances in the residential market, which will be driven by rising per capita income levels.

Emerging Asian markets to record fastest gains
The emerging economies of Asia, including China, will record the fastest growth in demand for roofing materials through 2012. Rapid population growth in countries such as India, the Philippines and Malaysia will generate demand for housing, while strong economic expansion in China, India and Malaysia spurs demand in the nonresidential market. As measured by area, China is expected to become the largest single market for roofing by 2012, surpassing the US. The Chinese market is forecast to grow four percent per year over that period, reaching 2.7 billion square meters. Demand for low-slope roofing materials (e.g., modified bitumen, elastomeric and plastic membranes) will offer above average gains, benefiting from strong demand in the nonresidential market.

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