India Metal Roofing Market Report and Forecast 2024-2032

India Metal Roofing Market Report and Forecast 2024-2032

Market Outlook

According to the report the India metal roofing market is projected to grow at a CAGR of 7.8% between 2024 and 2032to reach a value of about USD 2.439 billion by 2032. Aided by the increasing construction activities and the growing awareness about the benefits of metal roofing, the market is expected to grow significantly by 2032.

Metal roofing, made from materials such as steel, aluminium, and copper, is widely known for its durability, energy efficiency, and environmental friendliness. It is used in residential, commercial, and industrial buildings. The versatility and aesthetic appeal of metal roofing, combined with its fire-resistant and weather-resistant properties, make it a preferred choice in various construction projects.

The India metal roofing market growth is primarily fuelled by the rapid urbanisation and the expansion of the construction sector. As the country experiences a significant rise in infrastructure development, the demand for durable and sustainable roofing solutions is escalating. The increasing investment in residential and commercial projects, including smart city initiatives, is further boosting the market growth.

Moreover, the growing awareness among consumers and builders regarding the long-term cost-effectiveness and environmental benefits of metal roofing is further influencing the India metal roofing market outlook. Metal roofs are known for their energy efficiency, as they reflect solar radiant heat, thereby reducing cooling costs. This aspect is particularly appealing in the Indian context, where climatic conditions necessitate effective cooling solutions.

The market is also benefiting from the advancement in coating technologies, which has led to the development of more durable and aesthetically pleasing metal roofing products. Innovations such as cool roofing, which reduces heat absorption, and anti-corrosive coatings, which extend the lifespan of metal roofs, are positively impacting the market dynamics.

Furthermore, the government's focus on rural development and housing schemes, such as the Pradhan Mantri Awas Yojana, has opened new opportunities for the metal roofing market in India. The need for affordable and sustainable housing solutions in rural areas is propelling the adoption of metal roofing.

According to the India metal roofing market analysis, the initial cost of installation of metal roofs is relatively higher compared to other roofing materials. This factor might deter cost-sensitive consumers, particularly in the budget housing segment, from opting for metal roofing solutions.

Market Segmentation

The market can be divided based on product type, coating, metal type, construction type, and end use.

Market Breakup by Product Type

• Metal Deck Sheets
• Plain Panels
• Corrugated Panels
• Metal Tiles
• Shingles
• Others

Market Breakup by Coating

• Colour Coated Sheets
• Non Colour Coated Sheets
• Others

Market Breakup by Metal Type

• Aluminium Roofing
• Tin Roofing
• Steel Roofing
• Zinc Roofing
• Copper Roofing
• Others

Market Breakup by Construction Type

• New Construction
• Renovation

Market Breakup by End Use

• Residential
• Industrial
• Commercial

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India metal roofing market. Some of the major players explored in the report are as follows:

• Tata Steel
• JSW Group
• Everest Industries Limited
• HIL Limited
• Bansal Roofing Products Limited
• Maxroof Corporation Pvt. Ltd.
• Others