Demand for plastic roofing is forecast to rise 1.5% annually to 27.21 million squares in 2022. TPO roofing membrane demand will account for 61% of plastic product share in 2022. TPO will take market share from other plastic materials and bituminous membranes. The ability of most plastic roofing products to meet cool roofing criteria will also support demand growth. These and other trends are presented in Commercial Roofing, a new study from The Freedonia Group, a Cleveland-based industry research firm.
In value terms, TPO roofing demand is forecast to advance 5.3% annually to $725 million in 2022, among the fastest increases of any product. Per-square price increases combined with a shift toward more expensive, thicker products that are better able to withstand damage caused by impacts and high winds will support gains.
Demand for all types of commercial roofing products is expected to rise less than one percent annually to 95.43 million squares in 2022. Substantial storm-related reroofing activity between 2016 and 2018 will negatively affect demand in the large reroofing market over the long term. Value demand gains for commercial roofing products will advance at a more rapid pace as material costs rise and higher priced, higher-performance products demand a greater share.
Commercial Roofing (published 10/2018, 234 pages) is available for $5000 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/Commercial-Roofing.html.