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The India roofing industry is being driven by the thriving building and construction sector in the country. The roofing is an essential part of any residential or commercial building as it provides safety and security to the building. Meanwhile, the rising investment towards the development of public infrastructures, such as educational institutes, hospitals, government offices, and others is likely to bolster the demand for roofing.
On the basis of material, the metal segment accounts for a significant share in the market owing to its superior properties as well as environmental-friendly nature when compared to its counterparts. The fact that metal roofs can reflect the UV and infrared rays emitted from the sun is driving their demand as this can reduce the cost of cooling by 10-25%. Moreover, the rapid technological advancements and the rising innovations by the leading domestic players are further propelling the market forward. For instance, In May 2020, Tata BlueScope launched a smart steel structure known as EZYBUILD to ramp up healthcare infrastructure amidst the country’s fight against COVID-19. These smart steel structures are easy to develop and install, and, thus, can be used as customised lifecare solutions in form of isolation and quarantine units, testing booths, and sample collection cabins. Such developments are likely to provide a further boost to the roofing industry in India. In addition, the leading global players in the roofing market, such as Carlisle Companies (NYSE: CSL) and Owens Corning (NYSE: OC) are adopting growth strategies like increasing mergers and acquisitions, capacity expansions, and increased R&D investments to enhance their customer base in emerging markets such as India.
The market is further expected to be propelled by the increasing number of skilled labourers in India and the rising adoption of cutting-edge technology in the forecast period. Currently, the low labour cost in the country and the availability of raw materials is positively impacting the roofing industry growth in India.
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The major players in the India roofing market are Tata Bluescope Steel, JWS Steel, Coated Products Limited, Everest Industries Limited, Bansal Roofing Products Limited, Hindalco Ind Ltd., and CK Birla Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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