APAC Single Ply Flat Roofs Market - Forecast(2023 - 2028)

APAC Single Ply Flat Roofs Market Overview

APAC single-ply flat roofs market is forecast to reach US$922.3 Million by 2026, after growing at a CAGR of 6.2% during 2021-2026. The market's growth can be attributed to the growing consumption of flat roofing system membranes such as ethylene propylene diene terpolymer, thermoplastic polyolefin, and polyvinyl chloride. Single-ply flat roofing systems are designed to be installed in one layer with great flexibility and resistance to UV radiation which is estimated to grow the market size. Single-ply flat roofing systems offer various properties such as cost-effectiveness, durability, excellent strength, ease to installation, lightweight, excellent reflective properties, and others. Additionally, thermoplastic polyolefins are less flexible olefine than ethylene propylene diene terpolymer which is estimated to grow the consumption of that membrane for single-ply flat roofs.

Impact of COVID – 19

The building & construction sector is one of the major industries that have got a hit because of COVID-19. Single-ply flat roofs membranes are widely used for the low slope roofing system. But due to lockdown, all contrition activities were stopped, which affected APAC single-ply flat roof market growth.

APAC Single Ply Flat Roofs Market Report Coverage

The report “APAC Single Ply Flat Roofs Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Brucine Surface Industry.

By Installation Method: Fully Adhered Method, Mechanically Fastened Method, Induction-Welded Method, Ballasted Method, and Others
By Membrance Type: Ethylene Propylene Diene Monomer (EPDM) Rubber, Thermoplastic Polyolefin (TPO), Polyvinyl Chloride (PVC), and Others
By End-Use Industry: Residential (Private Dwellings, Apartments, Row Houses), Commercial {Office, Industrial Buildings (Production Space, Warehouse, Others), Hotels and Restaurants, Concert Halls and Museums, Educational Institutes (Schools, Universities and Colleges, Research Centers), Others}, Industrial, and Others
By Country: China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific.

Key Takeaways

• China dominates APAC single-ply flat roofs market due to growing building construction activities in the country which is estimated to grow the market size.
• The consumption of roofing membranes such as ethylene propylene diene monomer rubber, thermoplastic polyolefin, and polyvinyl chloride is growing as it provides tensile strength, UV protection, excellent strength, and durability to the roofing systems which is estimated to grow the market size.
• However, the high cost of such membranes as thermoplastic polyolefin and adverse effects on health & the environment may create hindrance for the market growth.

Figure: China Single Play Flat Roofs Market, 2021-2026 (US$ Million)

APAC Single Ply Flat Roofs Market Segment Analysis – By Installation Method

The mechanically fastened method held the largest share for the global APAC single-ply flat roofs market in 2020. A mechanically fastened single-ply roofing method is ideal for the installation of roofing systems as they are used on all types of slopes without limitations and are mostly preferred for hurricane-prone areas. Additionally, a mechanically fastened flat roofing installation method was used to fixing mounting plates through the insulation to the rood deck and then attaching the roofing system to the underlying plates. Thus, it is being widely used installation method for single-play flat roofs.

APAC Single Ply Flat Roofs Market Segment Analysis – By Membrane Type

Ethylene propylene diene monomer rubber (EPDM) or ethylene propylene diene terpolymer held the largest share in the global APAC single-ply flat roofs market in 2020. Ethylene propylene diene terpolymer is more cost-effective than other membranes such as polyvinyl chloride and thermoplastic polyolefins. EPDM membrane type is used as a high-performance and energy-efficient roofing system type. Additionally, ethylene propylene diene terpolymer offers versatility, UV protection, thermal shock durability, excellent strength, flexibility, ozone resistance, superior tensile strength, recyclability, and other properties. As well as when the weather becomes frozen, ethylene propylene diene terpolymer keeps its flex and protects productivity in high winds and hail. Furthermore, it is available in a variety of thicknesses and provides an aesthetically pleasing finish which makes them the ideal membrane type of single-ply flat roofs.

APAC Single Ply Flat Roofs Market Segment Analysis – By End-Use Industry

Commercial construction dominated the global market for single-ply flat roofs in 2020 and is growing at a CAGR of 8% during 2021-2026 due to single-ply flat roofs provide longevity for roofing systems and performance under dramatic weather changes in commercial spaces. Furthermore, thermoplastic single-ply membranes are polyvinyl chloride and TPO are manufactured to include a reinforcement layer and provide additional strength and stability. Hence, increasing the commercial sector is estimated to grow the market size. According to the India Brand Equity Foundation (IBEF), under Pradhan Mantri Jan Arogya Yojana, a total of 16,039 hospitals, including 8,059 private hospitals and 7,980 public hospitals were enrolled in 2019. Additionally, the warehousing segment attracted private equity investments of US$ 971 million in 2020. Hence, the growing commercial sector is projected to boost the single-ply flat roofs market.

APAC Single Ply Flat Roofs Market Segment Analysis – By Country

China dominated in APAC single-ply flat roof market in 2020 with 54% due to growing investment in construction activities in China. Single-ply flat roofing membrane types such as polyvinyl chloride, ethylene propylene diene terpolymer, and thermoplastic olefins are used for low slope roofing systems in commercial and residential buildings due to their strength, flexibility, and high durability. Hence, the growing building activities are estimated to grow the market size. According to the National Development and Reform Commission (NDRC), 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Additionally, according to the National Bureau of Statistics, China's real estate market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021. According to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. Hence, the rapidly developing infrastructure in China is projected to boost the single-ply flat roofs market.

APAC Single Ply Flat Roofs Market Drivers

Rising building and construction activities in APAC

Polyvinyl chloride membrane roofing is used for modular roofing residential and commercial construction as it offers various properties such as flexibility, lightweight, easy installation, versatility, durability, superior resistance to moisture, wind, fire, and chemicals. Additionally, ethylene propylene diene terpolymer/ ethylene propylene diene monomer is suitable for roofings due to prevent UV radiation wear or exposure and is cost-effective. Hence, increasing the building construction is estimated to grow the demand for single-play flat roofs in the APAC region. According to Central Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved to construct in urban areas under Pradhan Mantri Awas Yojana in 2021 in India. According to the Central Bureau Of Statistics, the total sales of built houses in Indonesia has increased by 12,033 units in 2018, as compared with 7,884 units in 2017. Furthermore, according to the Ministry of Rural Development and Ministry of Housing and Urban Affairs indicate a housing shortage of about 3 crore units in rural areas and 1.2 crore units in urban areas. Therefore, according to the India Brand Equity Foundation (IBEF), the real estate sector of India will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30 billion) by 2040. Hence, such factors are estimated to grow the market size during the projected era.

Growing Consumption of Ethylene Propylene Diene Terpolymer

Ethylene propylene diene terpolymer is more flexible polyolefin than thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC). It is also more cost-effective than TPO and PVC. Ethylene propylene diene terpolymer provides various properties highly durable, flexible, UV radiation, and others, thus it is an ideal roofing solution for large commercial buildings, such as warehouses, office buildings, hotels, shopping centers, large retail stores, schools, and universities. Hence, its demand is growing.

APAC Single Ply Flat Roofs Market Challenges

Polyvinyl Chloride Membrane Posses Health and Environmental Risk

Polyvinyl Chloride contains dangerous chemical additives including phthalates, lead, cadmium, and/or organotins which are hazardous chemicals for health. Furthermore, high exposure to polyvinyl chloride has increased the risk of liver cancer as well as brain and lung cancers, lymphoma, and leukemia. Additionally, polyvinyl chloride is toxic plastic that is dangerous to the environment. Hence, due to various health and environmental effects, the consumption of brucine sulfate may hamper the market growth.

Thermoplastic Polyolefin is Slightly More Expensive than Ethylene Propylene Diene Terpolymer

Thermoplastic Polyolefin (TPO) is widely used in low slope roofing systems as it provides outstanding resistance to ozone, ultraviolet rays, and some chemical exposure. But thermoplastic polyolefin (TPO) is more expensive than ethylene propylene diene monomer or ethylene propylene diene terpolymer (EPDM) rubber membrane roofs, thus it requires quality installation. According to West Roofing Systme Inc., the materials and labor cost of EPDM membrane is US$3.40 and US$7.50 per square foot for an average 20,000 sq. foot commercial roofing which is less than TPO (US$3.50 and US$7.50 per square foot). Hence TPO self-adhered roofing membranes high cost is limiting its use.

APAC Single Ply Flat Roofs Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the APAC Single Ply Flat Roofs Market. Major players in the APAC Single Ply Flat Roofs Market include:

1. Sika AG
2. Kemper System Pvt. Ltd.
3. Rockwool India
4. Leister India
5. BMI
6. Polygomma
7. Dow Chemical Company
8. Carlisle SynTec Systems
9. Johns Manville
10. Baker Roofing Company, and among others.

Acquisitions/Technology Launches

• In August 2019, Carlisle SynTec System launched its InsulBase HD Polyiso. It is a lightweight, easy to handle, and eco-friendly insulation cover for use in mechanically bonded and inductively welded single-ply membrane roofing systems.

Relevant Reports

APAC Flat Roofs Market - Forecast(2021 - 2026)
Report Code: CMR 1147

Cool Roofs Market - Forecast 2021 - 2026
Report Code: CMR 44278

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