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The North American buildings and construction sheets market is anticipated to record a CAGR of approximately 4% during the forecast period 2022-2027.
The COVID-19 pandemic caused immense disruptions in construction works across North America. Manufacturing companies faced a range of challenges owing to the shortage of raw materials. Many small companies operate only in a limited geographic range, while larger producers have many production facilities spread across the United States.
Building and construction sheets are meant to provide protection, insulation, cladding, and a variety of other beneficial features at a low cost. Roofing materials include corrugated sheets, polycarbonate sheets, and metal sheets. Governments in the United States and Canada are expected to increase construction spending to satisfy expanding industrial and public infrastructure needs, which is expected to drive demand for products in construction applications.
Construction sheets are expected to witness high penetration in roofing applications in the United States due to the increasing demand for polymer and metal sheets in industrial and residential applications. Additionally, the demand for metal sheets in HVAC applications to improve overall ventilation abilities is expected to drive the market.
Scope of the Report
Building and construction sheets are used for the designing of buildings, which fulfill spatial, environmental, and visual requirements. This report provides an analysis of market insights, dynamics, technological innovations, new trends, initiatives taken by the government in this sector, and the impact of the COVID-19 pandemic on the market.
The North American buildings and construction sheets market is segmented by material (bitumen, rubber, metal, and polymer), end user (residential, commercial, and industrial), and country (United States and Canada). The report offers the size and forecasts for all the above segments in value (USD billion).
|By End User|
Key Market Trends
Demand for Construction Sheets Increasing in the US Residential Sector
The value of public residential construction spending in the United States between 2016 and 2021 varied over time. In 2019, the public sector spent approximately USD 6.6 billion on residential construction projects. Just the year after, the value increased drastically, reaching almost USD 9.15 billion. In 2021, the total new residential construction put in place in the United States amounted to over USD 10.70 billion. Due to the increase in the construction of residential property roofing, the industry has grown in the last few years.
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Increasing Usage of Asphalt Roofing in the Canadian Construction Industry
Canadian construction was booming in both residential and non-residential construction in 2021. The government announced a plan to invest CAD 2.7 billion (USD 2.1 billion) to build or repair 1.4 million affordable housing units over the next four years and reduce greenhouse gas emissions between 40-45% of the 2005 levels before the end of this decade.
To support affordable housing construction across the country, Canadian financial services provider BMO Financial Group announced a commitment of CAD 12 billion (USD 9.4 billion) to support affordable housing projects across Canada until 2030. Additionally, the long-term output in the Canadian construction industry will also be supported by the government's plan (announced in February 2021) to invest CAD 14.9 billion (USD 12 billion) in public transport projects over the next eight years.
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The North American buildings and construction sheets market is highly fragmented, with no player holding a significant share to influence the market. Some of the key players in the North American market include Owens Corning Corporation, Certainteed LLC, Johns Manville Corporation, United States Gypsum Company, and Atlas Roofing Corporation.
In September 2021, Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, announced the acquisition of Crawford Industries LLC. This partnership is expected to provide Spartech with new opportunities to grow and strengthen its abilities to develop and deliver standard and custom plastic sheet and packaging products to its valued customers.
In September 2021, Johns Manville (JM), a leading global manufacturer of energy-efficient building and industrial insulation products and a Berkshire Hathaway company, announced the addition of JM Corbond High Yield Open-cell Spray Polyurethane Foam to its line of building insulation products.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Technological Innovations in Building and Construction Sheets
4.3 Industry Value Chain/Supply Chain Analysis
4.4 Impact of Government Regulations and Initiatives in Building and Construction Sheets Industry
4.5 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitutes
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Material
6.2 By End User
6.3 By Country
6.3.1 United States
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.1 Company Profiles
7.1.1 Owens Corning Corporation
7.1.2 Certainteed LLC
7.1.3 Johns Manville Corporation
7.1.4 United States Gypsum Company
7.1.5 Atlas Roofing Corporation
7.1.6 Spartech Corporation
7.1.7 North American Roofing Services Inc.
7.1.9 National Gypsum Services Company
7.1.10 Elasto Proxy Inc.*
8. FUTURE OUTLOOK OF THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The North America Building and Construction Sheets Market market is studied from 2018 - 2027.
What is the growth rate of North America Building and Construction Sheets Market?
The North America Building and Construction Sheets Market is growing at a CAGR of >4% over the next 5 years.
Who are the key players in North America Building and Construction Sheets Market?
Owens Corning Corporation, Certainteed LLC, Johns Manville Corporation, United States Gypsum Company, Atlas Roofing Corporation are the major companies operating in North America Building and Construction Sheets Market.