The Global Roofing Tiles Market size is expected to grow from USD 11.65 billion in 2023 to USD 15.33 billion by 2028, at a CAGR of 5.65% during the forecast period (2023-2028).
The market's growth was hampered by the COVID-19 pandemic, as lockdowns, social distancing measures, and trade sanctions triggered massive disruptions to global supply chain networks. Due to lockdowns in various countries, most industries were temporarily shut down, which impacted the building and construction sectors. But the construction industry grew in 2021, which helped the market studied during the forecast period get back on its feet.
With growing investments in residential and commercial construction in countries such as India, China, the Philippines, Vietnam, and Indonesia, the market for roofing tiles is expected to increase in the coming years.
The roofing tile market is fragmented by nature. Some of the major players in the market (not in any particular order) include WienerbergerAG, VandeHey Raleigh, Fornace LateriziVardanega Isidoro, Eagle Roofing Products, and Standard Industries Inc. (BMI Group), among others.
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