Market Overview:
The Stone Coated Steel Roofing Market size is estimated to reach $1.9 Billion by 2030, growing at a CAGR of 9% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Stone Coated Steel Roofing Market – By Type (Classic Tile (Stone Coated Steel Tile), Stone Coated Steel Shake, Stone Coated Steel Shingle, Barrel Vault Tile), By Application (Residential Buildings, Commercial Buildings, Institutional Buildings (Schools, Religious Buildings, Others), Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”
Rising demand for sustainable and eco-friendly roofing solutions and increased focus on durability and weather resistance are fueling the growth of the Stone Coated Steel Roofing industry during the forecast period.
North America Dominated the Market in 2023:
North America holds the largest market share with more than 35.2% in 2023 for Stone Coated Steel Roofing market due to several key factors, including high demand for durable and weather-resistant roofing solutions. The region is prone to extreme weather events such as hurricanes, heavy storms, and wildfires, particularly in areas like the southeastern U.S. and California. As a result, consumers and builders prioritize roofing materials that offer superior protection against harsh conditions, with stone-coated steel roofing emerging as a preferred choice for its strength, fire resistance, and longevity. Additionally, North America's growing focus on sustainable and energy-efficient building practices has increased the adoption of eco-friendly materials like stone-coated steel, which is recyclable and helps reduce energy consumption. The region's well-established residential remodeling market also drives demand, as homeowners seek high-quality, long-lasting roofing materials to enhance property value. Moreover, the presence of leading manufacturers and strong distribution networks further contributes to North America's dominance in the stone-coated steel roofing market.
Stone Coated Steel Roofing Market: Key Takeaways
Rising Demand for Sustainable and Eco-Friendly Roofing Solutions:
Sustainability has become a central concern in the construction industry, driven by consumer demand, government regulations, and environmental consciousness. Stone-coated steel roofing is emerging as an ideal solution due to its eco-friendly properties. The use of recyclable steel in these roofing systems reduces the demand for raw materials, minimizing the environmental impact. Metal roofing is 100% recyclable at the end of its long lifespan and rarely contributes to landfills or community dump sites. Unlike other roofing materials, the metal panels can be reused in productive ways. The Environmental Protection Agency (EPA) estimates that 11 million tons of asphalt shingles end up in landfills, which creates a massive footprint. Recyclability makes metal roofing an attractive option for those looking to implement environmentally sustainable materials into their building project. As sustainability continues to shape purchasing decisions, manufacturers in the stone-coated steel roofing market are focusing on developing and marketing products that highlight these environmental benefits. The demand for eco-friendly, durable, and energy-efficient roofing systems is expected to grow steadily in the coming years, particularly in regions where green building standards are gaining traction. The increasing awareness of sustainable building practices presents a significant growth opportunity for stone-coated steel roofing manufacturers.
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Increased Focus on Durability and Weather Resistance:
Climate change has led to an increase in extreme weather events, such as hurricanes, heavy storms, and wildfires, driving the demand for roofing solutions that provide greater durability and resistance. Stone-coated steel roofing systems are known for their exceptional strength, with the ability to withstand harsh weather conditions, including high winds, hail, and heavy rainfall. Unlike traditional roofing materials like asphalt shingles, which may require frequent replacement after severe weather, stone-coated steel roofs are designed to last for decades without significant wear or damage. Their non-combustible properties also make them highly fire-resistant, a critical feature in regions prone to wildfires. In 2023, there were a total of 28 weather and climate disasters that each caused more than $1 billion in losses within the United States. Overall, these events combined cost a total of $93.1 billion. Of all types of weather-related damage, hail and wind are now the leading cause of insurance claims, accounting for nearly 40 percent of homeowner-originated claims. As extreme weather events continue to rise globally, the trend towards investing in more resilient and weatherproof roofing materials will accelerate. This focus on durability positions stone-coated steel roofing as a preferred choice for both residential and commercial properties in regions vulnerable to climate-related risks.
Scope of the Report:
Recent Developments
• In July 2022, A Fabral Metal Wall and Roof Systems production facility was inaugurated in Salt Lake City, replacing the company's former site in Cedar City, Utah. The new establishment boasts expanded space, enhanced features, improved accessibility for its primary customer base, and a larger workforce pool.
• In August 2022, Cornerstone Building Brands, Inc. has unveiled a fresh partnership with Dave and Jenny Marrs to promote their Ply Gem Mastic siding and accompanying accessories.
Stone Coated Steel Roofing Market: Competitive Landscape
Key companies profiled in the Stone Coated Steel Roofing Market are Flack Steel LLC (Fabral, Inc.), Cornerstone Building Brands, Inc., Bjorkstrand Metal Roofing, Seven Group Holdings (Boral), IKO Industries, Ltd. (DECRA Roofing Systems, Inc.), Gerard Roofs, Hartman Roofing, Hedrick Construction Inc., Lastime Exteriors, Ross Roof Group, India Roofing, N P Roofings India Pvt. Ltd., DECRA Roofing Systems, Inc., JSW Steel, LATIM Steel and others.
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