What Does the Historical and Current Steel Roofing Market Size Trend Indicate?
The steel roofing market has seen considerable growth due to a variety of factors.
• Over the past few years, there has been a slight increase in the size of the steel roofing market. The market, which was worth $4.22 billion in 2024, is predicted to increase to $4.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 1.3%.
The growth observed in the historical period can be attributed to several factors such as urbanization trends, the expansion of the construction industry, a preference for sustainable solutions, government regulations, and cost-efficiency.
How Will The Steel Roofing Market Size Evolve In The Foreseeable Future?
The steel roofing market is expected to maintain its strong growth trajectory in upcoming years.
• The market for steel roofing is predicted to experience consistent growth in the upcoming years, reaching $4.82 billion in 2029 with a compound annual growth rate (CAGR) of 3.0%.
The increase during the projected timeframe can be credited to factors such as population increase, awareness about climate change, the trend toward renovation and remodeling, growth in disposable income, emphasis on energy conservation, and worldwide economic progress. Key trends within this forecast period include the adoption of intelligent roofing technologies, emphasis on solutions for resilient weather and extreme climates, the launch of pre-painted and pre-coated steel roofing products, growing interest in modular and prefabricated steel roofing systems, and partnerships for sustainable roofing solutions.
What Are The Essential Drivers Behind The Growth Of The Steel Roofing Market?
The rising investments in the construction of buildings intended for residential use is predicted to stimulate the expansion of the steel roofing market. An illustration of a residential building is any structure designed for living purposes, with optional provisions for cooking or dining spaces. Such constructions encompass single or multi-family homes, boarding, or lodging houses. Steel formulated roofing materials are employed in the erection of these residential structures to offer rooftop covering, thereby reducing the cost of construction. For example, the UK-based Office for National Statistics indicated a significant increase in general government-infrastructure investment in July 2024. The total investment surged by 9.6% in 2022, peaking at approximately $32.8 billion (£26.0 billion). This investment consisted of around $24.4 billion (£19.3 billion) from the central government and about $8.5 billion (£6.7 billion) from the local government. The investment in transport projects made up roughly $28.5 billion (£22.5 billion), equating to 74.2% of overall expenditure, exhibiting a 1.1 percentage point growth as compared to the prior year. Consequently, the escalating investments dedicated to residential construction ventures are spurring the development of the steel roofing market.
What Are The Core Segments Of The Globa Steel Roofing Market?
The steel roofing market covered in this report is segmented –
1) By Type: Color Coated Roofing Sheets, Galvanized Sheets, Curving Sheets, Tile Roof Sheets, Other Types
2) By Construction Type: New Construction, Renovation
3) By End User: Residential, Commercial, Agricultural, Industrial
Subsegments:
1) By Color Coated Roofing Sheets: Pre-Painted Steel Sheets, Polyester Coated Sheets
2) By Galvanized Sheets: Hot-Dip Galvanized Sheets, Electro-Galvanized Sheets
3) By Curving Sheets: Arching Sheets, Profiled Curving Sheets
4) By Tile Roof Sheets: Metal Tile Sheets, Profiled Tile Sheets
5) By Other Types: Standing Seam Roofing, Composite Roofing Sheets, Specialty Roofing Sheets
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Which Emerging Trends Are Reshaping The Steel Roofing Market Size?
The primary trend gaining traction in the steel roofing industry is product innovation. Major companies in the market are unveiling novel product advancements. For example, PPG, a coatings manufacturer based in the US, launched the PPG STEELGUARD 951 epoxy intumescent fire protection coating in September 2024. This groundbreaking product can provide manufacturing facilities with up to four hours of fire resistance by morphing into a thick foam when heated. With a dry-film thickness that reaches up to 3,500 microns in a single application, and an included lifetime warranty on coating integrity, PPG's dedication to quality and longevity is obvious.
Who Are the Key Players in the Steel Roofing Market?
Major companies operating in the steel roofing market include:
• Saint-Gobain SA
• Nucor Corporation
• BlueScope Steel Limited
• Kingspan Group plc
• Fletcher Building Limited
• Carlisle Companies Inc.
• Cornerstone Building Brands Inc.
• Boral Limited
• Lindab International AB
• Chief Industries Inc.
• Metal Sales Manufacturing Corporation
• McElroy Metal Inc.
• Drexel Metals Corporation
• The OmniMax International Inc.
• Safal Group
• Ideal Roofing Co Ltd.
• Interlock Roofing Ltd.
• Isopan S.p.A.
• Wella Corporation
• ATAS International Inc.
• Tata Steel Europe Limited
• Reed’s Metals Inc.
• Future Roof Inc.
• Pruszynski Ltd.
• Balex Metal Sp. z o.o.
• Hangzhou Tianjing Building Materials Company
• Singer-Ruser(HZ) Building Materials Tech. Co Ltd.
• Bjorkstrand Metal Roofing LLC
• DECRA Roofing Systems Inc.
• Gerard Roofing Technologies
• Hartman Roofing Inc.
What are the Regional Insights into the Steel Roofing Market?
Western Europe was the largest region in the steel roofing market size in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steel roofing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
