Rapid Growth Forecast For Roofing Products

Among residential roofing products, metal roofing, solar roofing, and roofing tile will see the healthiest sales through 2025, says research from Freedonia Group. Suppliers of metal roofing and roofing tile will benefit from their products' superior resistance to severe weather events (particularly uplift caused by high winds), long product lifespans, favourable aesthetics, and ability to serve as cool roofing. Demand for solar roofing will expand at a robust rate from a small existing sales base because of California's adoption of building codes requiring nearly all newly built and substantially renovated structures to generate as much energy as they use. Demand in value terms is expected to climb at a rapid 8.2 per cent annually to $15 billion by 2025. Growth will be partially driven by the fact that homeowners and homebuilders are choosing generally more expensive products that offer superior performance and aesthetic properties. Declining housing starts will hinder growth.