A steep slope roofing is defined as roofing that are suitable for roofs possessing slopes of 3:12 or greater. This translates into for every 12 horizontal inches, the rise of the roof is 3 inches or more. Steep slope roofs are preferred by both the customers and architects since they add aesthetic appeal to the building and even offer a long-term performance. In other words, steep slope roofs are attractive and even affordable. The steep slope roofs possess the characteristics of greater aesthetic appeal, long service life, resistance to wind and low maintenance requirements. Also, they can be transformed into wide variety of shapes, giving a vast scope to creativity and new design techniques. In addition, another main advantage of building a steep slope roof is that they accelerate the water run-off rate, due to which water doesn’t tend to accumulate on the roof and the build-up of debris and mold is avoided.
The demand of steep slope roofing materials is tied to the growth in the construction industry. Increasing disposable income also plays a major part in the growth of steep slope roofing materials market. Besides, macro-economic factors like a growing population and improvement in the overall economy growth rate also play their part in the growth of this market. However, an economic slowdown in some regions of the world has adversely affected the growth of the construction industry, thereby adversely impacting the demand for steep slope roofing materials.
According to the assessment of Persistence Market Research, the global steep slope roofing materials market is forecasted to reach a figure of about US$ 14,630 Mn in 2022 and is poised to exhibit a sluggish CAGR in the period of assessment.
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- Owens Corning
- CertainTeed Corporation
- Henry Company
- Malarkey Roofing Products
- IKO Production, Inc.
- Siplast Incorporated
- TAMKO Building Products, Inc.
- Polyglass USA, Inc.
- Atlas Roofing Corporation
North America Market Set to Dominate the Global Steep Slope Roofing Materials Market in Terms of Revenue
The market in North America is set to dominate the global steep slope roofing materials market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America steep slope roofing materials market is the most attractive market, growing at a sluggish CAGR over the forecast period.
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The report also profiles companies that are expected to remain active in the expansion of global steep slope roofing materials market through 2022, which include Owens Corning, CertainTeed Corporation, Henry Company LLC, Malarkey Roofing Products, IKO Industries, Ltd., Siplast, Inc., TAMKO Building Products, Inc., Tarco, Inc., Polyglass U.S.A., Inc. and Atlas Roofing Corporation.