Steep Slope Roofing Materials Market Anticipated To Reach US$ 14,630 Mn By 2022

Global Steep Slope Roofing Materials Market to Surpass US$ 14,500 Mn by 2022, Asphalt
Shingle Segment Largest by Material Type
Steep slope roofs are the kind of roofs which have a slope of 3:12 or more. That means for every 12
horizontal inches, the rise in the height of roof is 3 inches or more. Such type of roofs having a
steep slope are usually preferred by home owners and architects alike as they add beauty to the
elevation of the building and are also good in their performance. Steep slope roofs provide an
enhanced aesthetic appeal to the building, possess a long service life, resists the elements of nature
and can be maintained easily. Also, due to the steep slope of the roof, it doesn’t allow the water to
get collected on the roof, and the water is able to drain out easily from the roof. The growth in the
market for steep slope roof materials is directed related to the growth in the construction industry.
With the rise in disposable incomes and an increase in the overall economic activity, the
construction industry has benefitted, giving a fillip to the steep slope roofing materials market.
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The global steep slope roofing materials market is slated to touch a value of about US$ 14,630 Mn
in the year 2022 and grow at a sluggish CAGR during the assessment period. As per the forecast of
Persistence Market Research, the tiles material type segment is slated to touch a value of nearly
US$ 1,850 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment
period of 2017-2022. The tiles material type segment is estimated to account for more than onetenth of the revenue share of the material type segment by the year 2017 and is forecasted to lose
market share by 2022 over 2017.
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As per the forecast of Persistence Market Research, the re-roofing segment will reach a value of
nearly US$ 9,350 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast
period. The re-roofing segment is forecasted to account for nearly three-fourths of the total revenue
share of the end-market segment by the end of the year 2017 and is expected to gain in market share
by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the strips form type segment is slated to reach a
value of nearly US$ 2,890 Mn in 2022. The strips form type segment is expected to gain market
share by the end of the year 2022. The largest share is contributed by the North America region in
the strips form type segment.
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The report has also included the profiles of some of the leading companies in the steep slope
roofing materials market like Atlas Roofing Corporation, Malarkey Roofing Products, Tarco, Inc.,
Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., CertainTeed Corporation, TAMKO Building
Products, Inc., IKO Industries, Ltd. and Henry Company LLC.
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