Plastic Roofing Demand to Reach 35.6 Million Squares in 2021
CLEVELAND — Plastic roofing demand is projected to advance to 35.6 million squares in 2021 at the most rapid pace of all low-slope materials. Demand gains for plastic roofing will be driven by such factors as strong consumer interest in the use of TPO membranes due to their favorable performance properties; contractor preference for single-ply membranes instead of multi-ply BUR systems; widespread availability of easy-to-install self-adhesive membranes; and rising use of environmentally friendly white and light colored roofing materials. These and other trends are presented in Low-Slope Roofing Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
TPO membranes have seen the most rapid growth over the past decade — and will continue to see demand gains going forward — due to their favorable performance properties and low cost. However, each type of plastic roofing has attributes suitable for use in low-slope roofing applications.
US demand for all types of low-slope roofing is forecast to rise modestly through 2021, reaching 111 million squares, valued at $8.9 billion.
Gains will be supported by:
- The need to replace older or worn roofing materials, such as those installed as part of BURs or first-generation rubber and plastic products
- Increasing interest in replacing older roofing with products that can improve energy efficiency
- Strong growth in the construction of structures with low-slope roofs, such as office buildings, retail complexes, and educational facilities
More information about the study is available at https://www.freedoniagroup.com/industry-study/low-slope-roofing-in-the-us-by-product-market-and-subregion-3525.htm.
Related studies include:
- #3518 Asphalt Shingles Market in the US (May 2017)
- #3497 Roofing Distribution in the US (March 2017)