Commercial roofing represents a wide range of roofing solutions
used in the exterior part of a structure or a building. These roofing solutions
are made from a variety of materials such as asphalt, rubber, asbestos, stone
slabs and wood. Different roofing products such as asphalt shingle, rubber
shingle and wood shingles are manufactured which are used in certain commercial
applications such as hotels, offices, malls and medical centers.
The commercial roofing industry has remained a vital part of the
industry despite being negatively impacted by global economic downturn.
However, it is currently facing the challenge of manufacturing systems and
products to meet energy conservation guidelines and stringent building codes
while continuing to meet property owner expectations for performance.
Therefore, products and systems are being developed for increased insulation,
high performance and reflectivity in order to provide opportunities for systematic
energy efficiency gains.
The growth of the construction industry has been one of the
major factors driving the commercial
roofing market. Increasing commercialization and rising disposable income
of consumers have further contributed to the growth of the market. However,
fluctuating prices of certain energy sources used in the manufacturing process
such as crude oil have increased the risk of limitation and unavailability,
leading to either reformulation of the products or limiting the production.
Increasing use of roofing products in green building projects is expected to
provide new opportunities for the growth of the market as buildings with low
environmental impacts are growing in importance driving changes in the process
of operating designing the buildings.
North America was the major consumer in the commercial roofing
market, followed by Europe. However, growing construction market in emerging
economies such as China and India has led to the market penetration in
developing regions such as Asia-Pacific.
No comments:
Post a Comment