The global market size for Single-ply Roofing Market is expected to reach USD 6,405.49 million by 2030, with a compound annual growth rate (CAGR) of 6.38% during the forecast period. Single-ply roofing is made of flexible sheets of plastic-derived material that protect flat and low-sloped buildings. These prefabricated membranes are manufactured in a factory under strict quality control requirements and can be attached in a variety of ways. In recent years, single-ply roofing has replaced older materials, such as tarpaper, as the go-to roofing material for commercial roofing contractors due to its strength, flexibility, and durability.
The green movement has brought about significant changes in the construction sector, including the use of sustainably sourced and recyclable building materials that can last a long time.
Countries worldwide have been shifting towards greener building materials, and single-ply roofing systems are among the most environmentally friendly options. These roofing membranes are highly resistant to Ultraviolet (UV) and ozone and are durable, making them sustainable. The installation method for these systems is also eco-friendly, and ballasted systems, in particular, are the most sustainable and environmentally friendly commercial roof systems as they emit no volatile organic compounds into the atmosphere.
The report highlights that the thermoplastic segment is expected to register relatively faster revenue growth at a significant CAGR throughout the forecast period due to their flexibility, stability, and strength, making them highly preferable among residential and commercial roofing contractors. Fully-adhered systems are also expected to grow significantly in the coming years due to their suitability for most applications where improved aesthetics and complex geometry are essential design factors.
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The single-ply roofing market has seen notable innovation:
One such innovation is the use of thermoplastic membranes, which provide more stability and strength to roofing and can accommodate structural movement and thermal shock. Another innovation is the fully-adhered system, which is suitable for applications where aesthetics and complex geometry are important design factors. Additionally, there has been a focus on using sustainable and environmentally friendly materials in the construction industry, which has led to an increased demand for single-ply roofing systems. Overall, these innovations have helped to improve the durability, flexibility, and sustainability of single-ply roofing systems, making them a preferred choice for commercial and residential roofing contractors.
Top companies in the Single-Ply Roofing Market:
- GAF Materials LLC
- Owens Corning
- Kingspan Group, PLC
- Johns Manville
- Carlisle SynTec Systems
- Baker Roofing Company
- Duro-Last, Inc.
- Sika AG
Some of the key drivers of growth in the single-ply roofing market:
- Sustainability: There has been a growing demand for sustainable and environmentally friendly materials in the construction industry, and single-ply roofing systems meet this need.
- Durability and Strength: Single-ply roofing systems, particularly those that use thermoplastic membranes, offer superior durability, strength, and flexibility compared to other roofing materials.
- Improved Aesthetics: Fully-adhered systems provide improved aesthetics and can be used in roofs with little slope, making them a preferred choice for certain applications.
- Economic Benefits: The economic benefits of using single-ply roofing systems, such as reduced maintenance costs and improved energy efficiency, are driving demand in the market.
- Growing Construction Industry: The construction industry is growing globally, particularly in countries such as China, India, and South Korea, which is driving demand for single-ply roofing systems in these regions.
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