SBI Reports U.S. Roofing Market Weathers Economic Storm With Steady Projected Progress Through 2013

NEW YORK, New York - March 3, 2009 - The unraveling of the American economy wasn't enough to prevent the U.S. market for roofing products from growing modestly with a gain of 3% from roughly $10 billion in 2007 to almost $11 billion in 2008, notes industrial market research publisher SBI in the all-new report, "Roofing Materials in the U.S., 2nd Edition." Growth was primarily attributed to sharp increases in average selling prices of asphalt shingle and coating materials, which accounted for 70% of the U.S. roofing market in 2008 and consequently lessened any volume declines in other roofing categories.

Long-term expectation for the roofing industry is sunny as the market's growth is projected to correlate with the inevitable recovery of the economy as a whole. SBI ultimately forecasts that the U.S. roofing market will grow at an unsteady compound annual growth rate (CAGR) of 2% through 2013 to reach almost $12 billion.

"Moderate recovery is expected to begin in 2010, and then accelerate in 2011 and beyond as demand picks up, prices increase, and production and supply is constrained. By 2013, totals should approach the market's 2006 peak of $12.1 billion, which was achieved shortly before the housing market declined and the economy first showed signs of slowing," says Shelley Carr, associate publisher of SBI.

Expectations for 2009 are not as promising. SBI forecasts a contraction of approximately 16% with market totals slightly above $9 billion for the year due to anticipated declines in average selling prices and soft end-user demand.

"Roofing Materials in the U.S., 2nd Edition" features detailed data and analysis describing the U.S. market for roofing product manufacturing. The report examines the value of the market, various components of trade, end-user markets, and economic factors affecting the industry. This edition also explores housing related indicators, product and market trends with expanded coverage of green product trends, and competitive issues that impact roofing manufacturing. For further information visit: http://www.sbireports.com/Roofing-Materials-2092665/.

SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services. For more information visit http://www.sbireports.com/, or contact Don Montuori at (240) 747-3028 or dmontuori@marketresearch.com.