Roofing Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Roofing Materials Market
The Roofing Materials market size was valued at USD 135.08 billion in 2023, and the market is now projected to grow from USD 139.33 billion in 2024 to USD 185.92 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period of 2024-2032.
The global pandemic and lockdown restrictions imposed by various governments caused major disruption in the entire construction materials supply chain. Additionally, companies suffered from labor scarcity, both skilled and unskilled, resulting in massive losses. Contractors working in the Roofing Materials Market growth had to adopt additional safety measures and follow COVID-19 protocols to safeguard their employees.
Roof is an critical building structure, supplying protection and improving enchantment. A roof structure is composed of different materials interconnected to weatherproof and water-resistant buildings from rain, warmness, snow, and different elements. Roofing materials market share differ depending on roof shape, role, surroundings, and business or residential use. Bituminous shingles are commonplace as they may be surprisingly inexpensive and feature a good lifespan for residential use. Metal, EPDM, and constructed-up roofs are extensively utilized in commercial production, wherein flat roofs are more not unusual. Thus, the growing production enterprise is using the call for of the market. However, the widespread pandemic affected construction and detained marketplace growth.
Bituminous roofing, known for shingles and plates, is a cost-effective and comprehensive option. Shingles, laminated with mineral granules and asphalt, come in a kaleidoscope of colors and patterns, which accent the building. Having a longevity ranging from 25 to 30 years, it can handle various climates and severe weather thereby being a durable roofing system.
Comprehensive Analysis of Roofing Materials Market
The Roofing Materials market and healthcare industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Material Analysis and by End-use Industry Analysis. The Material Analysis includes bituminous, tile, metal, elastomeric, and others. The form analysis includes, liquid and lyophilized. However, the end-use Industry analysis includes residential, non-residential, and industrial.
The Asia Pacific region lead the Roofing Materials market by benefitting a market size of USD 51.83 billion in 2023 due to the increase thrust inside the construction sector, along with new construction and renovation activities.
The key players in the market play a crucial role in the assuring industrial prospectus growth and setting market standards. These players include, Owens Corning (U.S.), CertainTeed Corporation (U.S.), Atlas Roofing Corporation (U.S.), BMI Group (U.K.), Johns Manville (U.S.), IKO Industries Ltd. (U.S.), GAF (U.S.), TAMKO Building Products, Inc. (U.S.), Carlisle Companies Incorporated (U.S.), Firestone Building Products Company, LLC (U.S.) these market players provide a level-playing competitive landscape.
In December 2021, Cornerstone Building Brands, Inc. , a company that provides steel roofing, roofing components, and accessories through its subsidiary, completed the acquisition of Union Corrugating Company Holdings, Inc. Such a merger is intended to augment Cornerstone Building Brands’ solutions offerings to the clients that are involved therein in the growing residential metal roofing market.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 3.6% from 2024 to 2032
Unit Value (USD Billion), Volume (Million Square Meters)
Segmentation By Material
Bituminous
Tile
Metal
Elastomeric
Others
By End-use Industry
Residential
Non-residential
Industrial
By Region
North America (By Material, By End-use Industry, By Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
Europe (By Material, By End-use Industry, By Country)
- Germany (By End-use Industry)
- U.K. (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Spain (By End-use Industry)
- Russia & CIS (By End-use Industry)
- Rest of Europe (By End-use Industry)
Asia Pacific (By Material, By End-use Industry, By Country)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- ASEAN (By End-use Industry)
- Rest of Asia Pacific (By End-use Industry)
Latin America (By Material, By End-use Industry, By Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of Latin America (By End-use Industry)
Middle East & Africa (By Material, By End-use Industry, By Country)
- GCC (By End-use Industry)
- South Africa (By End-use Industry)
Rest of Middle East & Africa (By End-use Industry)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on the Market
- 5. Global Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Material (Value/Volume)
- 5.2.1. Bituminous
- 5.2.2. Tile
- 5.2.3. Metal
- 5.2.4. Elastomeric
- 5.2.5. Others
- 5.3. By End-use Industry (Value/Volume)
- 5.3.1. Residential
- 5.3.2. Non-residential
- 5.3.3. Industrial
- 5.4. By Region (Value/Volume)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Material (Value/Volume)
- 6.2.1. Bituminous
- 6.2.2. Tile
- 6.2.3. Metal
- 6.2.4. Elastomeric
- 6.2.5. Others
- 6.3. By End-use Industry (Value/Volume)
- 6.3.1. Residential
- 6.3.2. Non-residential
- 6.3.3. Industrial
- 6.4. By Country
- 6.4.1. U.S.
- 6.4.1.1. By End-use Industry (Value/Volume)
- 6.4.1.1.1. Residential
- 6.4.1.1.2. Non-residential
- 6.4.1.1.3. Industrial
- 6.4.2. Canada
- 6.4.2.1. By End-use Industry (Value/Volume)
- 6.4.2.1.1. Residential
- 6.4.2.1.2. Non-residential
- 6.4.2.1.3. Industrial
- 7. Europe Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Material (Value/Volume)
- 7.2.1. Bituminous
- 7.2.2. Tile
- 7.2.3. Metal
- 7.2.4. Elastomeric
- 7.2.5. Others
- 7.3. By End-use Industry (Value/Volume)
- 7.3.1. Residential
- 7.3.2. Non-residential
- 7.3.3. Industrial
- 7.4. By Country
- 7.4.1. Germany (Value/Volume)
- 7.4.1.1. By End-use Industry
- 7.4.1.1.1. Residential
- 7.4.1.1.2. Non-residential
- 7.4.1.1.3. Industrial
- 7.4.2. U.K. (Value/Volume)
- 7.4.2.1. By End-use Industry
- 7.4.2.1.1. Residential
- 7.4.2.1.2. Non-residential
- 7.4.2.1.3. Industrial
- 7.4.3. France (Value/Volume)
- 7.4.3.1. By End-use Industry
- 7.4.3.1.1. Residential
- 7.4.3.1.2. Non-residential
- 7.4.3.1.3. Industrial
- 7.4.4. Italy (Value/Volume)
- 7.4.4.1. By End-use Industry
- 7.4.4.1.1. Residential
- 7.4.4.1.2. Non-residential
- 7.4.4.1.3. Industrial
- 7.4.5. Spain (Value/Volume)
- 7.4.5.1. By End-use Industry
- 7.4.5.1.1. Residential
- 7.4.5.1.2. Non-residential
- 7.4.5.1.3. Industrial
- 7.4.6. Russia & CIS (Value/Volume)
- 7.4.6.1. By End-use Industry
- 7.4.6.1.1. Residential
- 7.4.6.1.2. Non-residential
- 7.4.6.1.3. Industrial
- 7.4.7. Rest of Europe (Value/Volume)
- 7.4.7.1. By End-use Industry
- 7.4.7.1.1. Residential
- 7.4.7.1.2. Non-residential
- 7.4.7.1.3. Industrial
- 8. Asia Pacific Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Material (Value/Volume)
- 8.2.1. Bituminous
- 8.2.2. Tile
- 8.2.3. Metal
- 8.2.4. Elastomeric
- 8.2.5. Others
- 8.3. By End-use Industry (Value/Volume)
- 8.3.1. Residential
- 8.3.2. Non-residential
- 8.3.3. Industrial
- 8.4. By Country
- 8.4.1. China
- 8.4.1.1. By End-use Industry (Value/Volume)
- 8.4.1.1.1. Residential
- 8.4.1.1.2. Non-residential
- 8.4.1.1.3. Industrial
- 8.4.2. Japan
- 8.4.2.1. By End-use Industry (Value/Volume)
- 8.4.2.1.1. Residential
- 8.4.2.1.2. Non-residential
- 8.4.2.1.3. Industrial
- 8.4.3. India
- 8.4.3.1. By End-use Industry (Value/Volume)
- 8.4.3.1.1. Residential
- 8.4.3.1.2. Non-residential
- 8.4.3.1.3. Industrial
- 8.4.4. ASEAN
- 8.4.4.1. By End-use Industry (Value/Volume)
- 8.4.4.1.1. Residential
- 8.4.4.1.2. Non-residential
- 8.4.4.1.3. Industrial
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By End-use Industry (Value/Volume)
- 8.4.5.1.1. Residential
- 8.4.5.1.2. Non-residential
- 8.4.5.1.3. Industrial
- 9. Latin America Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Material (Value/Volume)
- 9.2.1. Bituminous
- 9.2.2. Tile
- 9.2.3. Metal
- 9.2.4. Elastomeric
- 9.2.5. Others
- 9.3. By End-use Industry (Value/Volume)
- 9.3.1. Residential
- 9.3.2. Non-residential
- 9.3.3. Industrial
- 9.4. By Country
- 9.4.1. Brazil
- 9.4.1.1. By End-use Industry (Value/Volume)
- 9.4.1.1.1. Residential
- 9.4.1.1.2. Non-residential
- 9.4.1.1.3. Industrial
- 9.4.2. Mexico
- 9.4.2.1. By End-use Industry (Value/Volume)
- 9.4.2.1.1. Residential
- 9.4.2.1.2. Non-residential
- 9.4.2.1.3. Industrial
- 9.4.3. Rest of Latin America
- 9.4.3.1. By End-use Industry (Value/Volume)
- 9.4.3.1.1. Residential
- 9.4.3.1.2. Non-residential
- 9.4.3.1.3. Industrial
- 10. Middle East & Africa Roofing Materials Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Material (Value/Volume)
- 10.2.1. Bituminous
- 10.2.2. Tile
- 10.2.3. Metal
- 10.2.4. Elastomeric
- 10.2.5. Others
- 10.3. By End-use Industry (Value/Volume)
- 10.3.1. Residential
- 10.3.2. Non-residential
- 10.3.3. Industrial
- 10.4. By Country
- 10.4.1. GCC
- 10.4.1.1. By End-use Industry (Value/Volume)
- 10.4.1.1.1. Residential
- 10.4.1.1.2. Non-residential
- 10.4.1.1.3. Industrial
- 10.4.2. South Africa
- 10.4.2.1. By End-use Industry (Value/Volume)
- 10.4.2.1.1. Residential
- 10.4.2.1.2. Non-residential
- 10.4.2.1.3. Industrial
- 10.4.3. Rest of Middle East & Africa
- 10.4.3.1. By End-use Industry (Value/Volume)
- 10.4.3.1.1. Residential
- 10.4.3.1.2. Non-residential
- 10.4.3.1.3. Industrial
- 11. Company Profiles
- 11.1. Owens Corning
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. CertainTeed Corporation
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. Atlas Roofing Corporation
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. BMI Group
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Johns Manville
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. IKO Industries Ltd.
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. GAF
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. TAMKO Building Products, Inc.
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Carlisle Companies Incorporated
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. Firestone Building Products Company, LLC
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
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