SOURCE: Freedonia Group, Inc.

March 13, 2007 15:01 ET

Roofing Demand in China to Reach 2.6 Billion Square Meters in 2010

CLEVELAND, OH -- (MARKET WIRE) -- March 13, 2007 -- Demand for roofing materials in China is forecast to rise 4.4 percent per annum through 2010 to 2.6 billion square meters. Measured in yuan, roofing demand is expected to climb 7.4 percent annually to 57 billion yuan. The Chinese roofing market will experience the fastest growth among major economies in the world, driven by strong gains in the country's building construction activity. These and other trends are presented in "Roofing in China," a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.

Concrete and clay tiles and bituminous roofing represent by far the dominant roofing materials in China, accounting for over five-sixths of demand in 2005, measured in square meters. However, elastomeric (especially ethylene propylene diene monomer) and plastic (thermoplastic polyolefin and polyvinyl chloride) membranes are expected to enjoy some of the strongest market gains, as they continue to make inroads against conventional built-up roofing (BUR) and asphalt rolls.

Demand for roofing in the nonresidential building market will increase nearly 5 percent annually through 2010, benefiting from continued industrialization and sustained strength in foreign direct investment in China. Residential market gains will benefit from the government's continuing efforts to raise average per capita living space, as well as from further increases in private home ownership and rising per capita income levels. In addition, China's Flat to Slope Conversion Project will further spur gains for residential roofing. The project, which is targeted mostly at residential apartment buildings, is expected to be implemented in numerous cities in China. It seeks to replace existing flat roofs with steep slope roofs, in order to resolve leakage issues as well as improve the buildings' aesthetic appeal.

The size, growth and composition of roofing demand in the six regions of China vary considerably. The Northwest is largely underdeveloped, but is being targeted by the central government's "Go West" strategy that will result in significant growth in roofing demand as economic output rises and average income levels climb. However, the Central-East and Central-South will remain home to well over half of China's total population and will account for a similarly large share of overall roofing demand in 2010.

Contact Information