Roofing report ( http://www.bharatbook.com/detail.asp?id=132300&rt=Roofing.html ) which gives demand for roofing is forecast to grow 2.4 percent per year to 274.5 million squares in 2014, valued at $17.9 billion. Advances will be driven by the rebound in housing starts from the low levels experienced in 2009. The residential building construction market, which accounted for 58 percent of total roofing demand in area terms in 2009, will provide above-average demand gains through 2014, rising 4.0 percent annually.

Residential reroofing to continue as largest market
The residential reroofing market will continue to account for the largest overall share of roofing demand in 2014. Demand will post minimal gains, however, due to past construction cycles that reduced the number of buildings requiring routine reroofing over the forecast period. Advances will also be constrained by tightening credit standards that will make it more difficult for homeowners to take out home equity loans, and by the fact the many homeowners that replaced their roofs in the 2004-2009 period will be unlikely to do so before 2014. However, the large stock of older homes requiring reroofing will prevent demand declines.

Demand for roofing in the nonresidential building construction market is forecast to remain constant through 2014. Declining demand for roofing in industrial construction markets will hamper growth. As the US economy transitions to a service-based economy, the closing of industrial sites will mean less demand for roofing materials. Advances will also be checked by reroofing demand, as building owners and property managers will cancel or reduce maintenance projects to reduce costs. However, declines will be prevented by rising institutional and other nonresidential building construction roofing demand, due to increasing construction of hospitals, schools and government buildings.

Asphalt shingles to remain most popular roofing product
Asphalt shingles will remain the most popular roofing product, owing to their dominant position in the large residential roofing market. Demand for asphalt shingles is expected to accelerate at an above average pace through 2014, fueled by rebounding housing starts. Gains will also be promoted by use of more decorative laminated and three-dimensional asphalt shingles, as well as increasing demand for heavier shingles in areas prone to high winds.

Roofing tile, other products to be fastest growing types
Roofing tile and other roofing products are anticipated to see the most rapid demand gains through 2014. Demand for roofing tile will be driven by the rebound in housing starts, as well as by the continued increase in the population of such regions as the West and the South, where roofing tile is most commonly used. Demand for less frequently used roofing products, such as composite shingles, green roof systems and photovoltaic roofing, will advance at above average paces through 2014. Gains will be led by rising interest in environmentally friendly roofing products that reduce building utility costs.

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