Description

Roof is a vital part in house construction that provides protection from natural elements and climatic conditions. Roofing materials are external layers applied on the roof of a building. These are sometimes self-supporting, but are generally supported by underlying structures. The outer layer of a roof varies depending on the availability of material and the nature of the supporting structure.

Roofing materials range from natural products such as thatches and slates to commercially available products such as bituminous, tiles, and plastic sheeting.

The global roofing materials market size was valued at USD 115.62 billion in 2018 and is expected to expand at a compound annual growth rate (CAGR) of four point two percent (4.2%) over the forecast period (2019 – 2025). Increasing adoption of sustainable construction projects, which emphasizes on the use of environment-friendly and energy efficient materials, is expected to drive the market over the forecast period (2019 – 2025).

The global roofing market has been segmented based on product and application. In terms of product, bituminous is the leading segment of the roofing market. The segment is anticipated to consolidate its position during the forecast period, as bituminous roofing provides advantages such as easy installation, high durability, long lifespan, and technological innovations.

Bituminous roofing offers protection against water and harsh weather, owing to the waterproofing property of bitumen. It can be reused to manufacture new shingles. This is another property that adds to the advantages of bitumen roofing.

Rise in demand for laminated asphalt shingles with textured surface is projected to drive the global roofing market in the next few years.

Tiles are also one of the major product segments of the global roofing market. Increase in concern about the environment is significantly influencing prospective home buyers and developers. Clay tiles and concrete tiles are considered sustainable due to their durability, renewability, and long term positive effect on the environment.
They help in the conservation of energy. They also help in maintaining an optimum temperature inside the building, as free spaces are available for air circulation between the loosely arranged tiles.

Thus, tile roofing lowers the need for air conditioning, leading to a decrease in electricity consumption. This is projected to boost the demand for tiles during the forecast period.

Metal roofing is gaining momentum in the global roofing market owing to the increase in demand for green construction materials. Metal roofing has exceptional longevity and thus, low life-cycle cost. Additionally, it possesses thirty to sixty percent (30%-60%) of recycled metal content and is one hundred percent (100%) recyclable at the end of its service life.
These factors are expected to boost the sales of metal roofing during the forecast period (2019 – 2025).

Based on application, the global roofing market has been divided into residential, commercial, and non-commercial.

Commercial is the dominant segment of the roofing market, followed by residential. Urbanization is a major factor driving the roofing market. The need for urbanization is fueled by an increase in standard of living in emerging economies.

Demand for commercial and residential buildings is rising, led by the growth in population and urbanization in developing economies. The roofing market is anticipated to expand substantially during the forecast period due to government support for construction activities in the form of subsidies and tax benefits in emerging economies.

Urbanization initiatives have gained momentum in several emerging economies, thus driving the construction industry. This, in turn, acts as a primary factor boosting the roofing market. Steady emigration from rural to urban areas in underdeveloped countries is likely to boost the market. The high volume of emigration is expected to ensure steady demand for new housing, leading to stable demand for roofing products.

Building integrated photovoltaic roofing systems is an emerging technology that is expected to boost the demand for roofing materials. Metal roofing with integrated photovoltaic roofing systems can survive harsh weather conditions and wind blowing at a speed of one hundred and sixty (160) miles per hour. They are esthetically more appealing than mounted solar panels.

Nigeria with her current population estimated at over two hundred million (200,000,000) growing at a rate of three point five percent (3.5%) per annum has a short fall in the supply of housing units that as been estimated to be between sixteen to seventeen million (16,000,000 – 17,000,000), hence aluminium roofing sheet.

The standard organisation in Nigeria (SON) regulates the quality of aluminium roofing sheets produced in Nigeria using aluminium coil as the raw materials.

This report is to examine the financial viability or otherwise of establishing a long span, step tiles and metcoppo aluminium roofing sheet plant in Nigeria.

The capacity of the plant is forty (40) meters per minutes maximum for the long span roll forming machine and seven (7) meters maximum for the step tiles and metcoppo roll forming machine. The plant would operate at eighty percent (80%) of the installed capacity working single shift of eight (8) hours each per day in three hundred (300) day per annum.