Steel Roofing Market In-depth Analysis,Share, Historical and Current Trends 2032

The steel roofing market size was valued at $10.7 billion in 2020, and is estimated to reach $17.5 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032. 

Increasing population and urbanization are the main elements driving demand for residential and non-residential buildings. This positively influences the steel roofing market.

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Commonly, the fastening types of metallic roofing including steel roofing are exposed and concealed fastened steel roofing. Exposed fastened roofing has its fasteners visible on the surface of the roof. This form of roof is low cost and easy to put in; however, the possibility of water seepage from the roof is higher.

Contrarily, the possibility of leakage is much less with the concealed fastened roof; but, this roofing is more steeply-priced than the other alternative. Thus, attributable to the affordability of exposed fastened steel roofs, its proportion in total revenue generated in 2020 was more. On the other hand, because of the better aesthetics of concealed fastened roof, it's growth is predicted at a better CAGR during the forecast duration.

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The market is particularly driven by the increase in the industrial and residential construction sector, recovery in the construction industry, and growth in spending on domestic building reworking and building preservation activities.

However, fluctuations in raw materials costs constrain the boom of the marketplace. On the other hand, the growing demand for environmentally sustainable homes is predicted to offer profitable opportunities for the steel roofing market growth.

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Key Players:

Metal Sales Manufacturing Corporation, LIFETITE METAL PRODUCT LLC, Bansal Roofing Products, CENTRAL STATES MFG, LINYI JINHU COLOR COATING ALUMINUM INDUSTRY CO., LTD, Bansal Roofing Products Ltd, Tata BlueScope Steel Limited, ATAS International, Inc., IDEAL ROOFING, Cornerstone Building Brands Inc. (MBCI), Stellar Buildtech

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