Asphalt Shingles Market Size, Share, and Outlook, 2025 Report- By Product (Laminates Asphalt Shingles, Three-Tab Shingles, Strip, Luxury Shingles), By Material (Fiberglass, Organic), By Application (New Construction, Renovation/Remodeling), 2018-2032

Asphalt Shingles Market Outlook

Asphalt Shingles Market Size is forecast to reach $10.7 Billion in 2032 from $8.4 Billion in 2025, at an optimistic growth rate of 3.5% from 2025 to 2032. The robust Asphalt Shingles Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Asphalt Shingles Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Laminates Asphalt Shingles, Three-Tab Shingles, Strip, Luxury Shingles), By Material (Fiberglass, Organic), By Application (New Construction, Renovation/Remodeling). Over 70 tables and charts showcase findings from our latest survey report on Asphalt Shingles Markets.

Asphalt Shingles Market Insights, 2025: Asphalt Shingles- key drivers and opportunities

The Asphalt Shingles market is experiencing significant growth due to the rising demand for affordable, durable, and weather-resistant roofing solutions, particularly in residential and commercial construction. Asphalt shingles are the most widely used roofing material worldwide due to their cost-effectiveness, ease of installation, and longevity. One of the key drivers of this market is the growing construction industry, particularly in the residential sector. As the demand for new homes and commercial buildings increases, the need for reliable and economical roofing solutions has led to a higher adoption of asphalt shingles. The material's ability to withstand various weather conditions, including rain, wind, and extreme temperatures, makes it highly appealing to homeowners and builders.

Another significant factor driving the growth of the asphalt shingles market is the renovation and remodeling industry. Many homeowners are opting to replace old, worn-out roofing with new asphalt shingles to improve the appearance and energy efficiency of their homes. As roofs age and deteriorate, the need for roof replacements rises, driving demand for affordable, long-lasting roofing materials like asphalt shingles. Furthermore, as homeowners become more aware of the benefits of energy-efficient roofing, the demand for shingles with cool roofing technologies has increased. Cool asphalt shingles reflect more sunlight and absorb less heat, helping to reduce cooling costs in homes and buildings, which is particularly important in regions with hot climates. This trend is boosting the adoption of asphalt shingles that incorporate reflective granules or coatings designed to enhance energy efficiency.

The affordability of asphalt shingles is a major factor in their widespread use. Compared to other roofing materials, such as metal, slate, or clay tiles, asphalt shingles offer a more budget-friendly solution without compromising on performance or aesthetics. This makes them an attractive choice for homeowners looking for a cost-effective roofing material that provides reliable protection and enhances the curb appeal of their properties. Additionally, the availability of asphalt shingles in a variety of colors, styles, and designs enables homeowners to select a product that complements the architectural style of their homes, further driving their popularity.

The Asphalt Shingles market presents several opportunities, particularly in the areas of sustainability, technological innovation, and expanding demand in emerging economies. A significant opportunity lies in the sustainability trend. With increasing awareness about environmental impacts, the demand for roofing materials that are eco-friendly and energy-efficient is on the rise. Manufacturers are developing asphalt shingles that incorporate recycled materials, such as recycled asphalt shingles (RAS), which not only help reduce waste but also offer a sustainable option for environmentally conscious consumers. Additionally, the development of solar shingles, which combine the benefits of traditional asphalt shingles with solar technology, is gaining momentum. These shingles are designed to generate electricity while serving as a protective roofing material, providing a dual-purpose solution that appeals to homeowners looking to reduce their carbon footprint and energy costs.

The technological advancements in asphalt shingle manufacturing also create opportunities for growth in the market. Innovations in weather-resistant technology, such as enhanced resistance to algae, moss, and wind uplift, have made asphalt shingles even more durable and long-lasting. Manufacturers are focusing on improving the performance of shingles in harsh weather conditions, particularly in regions prone to hurricanes, heavy rainfall, and extreme temperatures. By developing shingles that can withstand high winds and heavy storms, companies can tap into markets in areas with frequent inclement weather, thus increasing their market share.

Additionally, there is growing interest in premium asphalt shingles that offer better aesthetics and longer durability. High-end asphalt shingles, which mimic the look of more expensive roofing materials like wood shakes or slate, are becoming increasingly popular due to their ability to offer the same visual appeal at a lower cost. The growing demand for architectural shingles, which are thicker and more dimensional than traditional three-tab shingles, is another opportunity in the market. These shingles provide improved aesthetic value and better performance, particularly in terms of durability and protection against harsh weather, giving manufacturers the chance to cater to consumers seeking higher-end options within the asphalt shingles market.

In emerging markets, particularly in Asia-Pacific, Latin America, and parts of Africa, there is an expanding opportunity for asphalt shingles due to increased urbanization and infrastructure development. As these regions experience rapid economic growth, the demand for affordable and durable roofing materials is rising. Asphalt shingles offer a practical and cost-effective solution for these regions, making them a popular choice for both residential and commercial buildings. As infrastructure projects expand in these areas, manufacturers can tap into the growing demand for asphalt shingles by providing products that meet the specific needs of these markets, including products that are easy to transport and install, as well as those that offer increased durability and energy efficiency.

Furthermore, as building codes and regulations become more stringent, there is a growing opportunity for asphalt shingles that meet higher performance standards for energy efficiency, fire resistance, and wind resistance. Manufacturers that invest in products that comply with these regulations and standards, particularly in North America and Europe, will have a competitive edge in the market.

Five Trends that will define global Asphalt Shingles Market in 2025 and Beyond

A closer look at the multi-million global market for Asphalt Shingles Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Asphalt Shingles Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Asphalt Shingles Industry?

The Asphalt Shingles Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Asphalt Shingles Market Segment Insights

The Asphalt Shingles Industry presents strong offers across categories. The analytical report offers forecasts of Asphalt Shingles Industry performance across segments and countries. Key segments in the industry include- By Product (Laminates Asphalt Shingles, Three-Tab Shingles, Strip, Luxury Shingles), By Material (Fiberglass, Organic), By Application (New Construction, Renovation/Remodeling). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Asphalt Shingles Market size outlook is provided for 22 countries across these regions.

Asphalt Shingles Industry Value Chain

The chapter identifies potential companies and their operations across the global Asphalt Shingles Industry ecosystem. It assists decision-makers in evaluating global Asphalt Shingles Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Asphalt Shingles Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Asphalt Shingles Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Asphalt Shingles Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Asphalt Shingles Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Asphalt Shingles Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Asphalt Shingles Market Insights- Executives are most excited about opportunities for the US Asphalt Shingles Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Asphalt Shingles Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Asphalt Shingles Market.

Latin American Asphalt Shingles Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Asphalt Shingles Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Asphalt Shingles Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Asphalt Shingles Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Asphalt Shingles Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Atlas Roofing Corp, Braas Monier Building Group, CertainTeed, GAF, Henry, IKO Industries Ltd, Malarkey Roofing Products, Owens Corning, PABCO Building Products LLC, Polyglass S.p.A., Siplast Inc, Tarco Inc.

Asphalt Shingles Market Scope and Segmentation

By Product

Laminates Asphalt Shingles

Three-Tab Shingles

Strip

Luxury Shingles

By Material

Fiberglass

Organic

By Application

New Construction

Renovation/Remodeling

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Asphalt Shingles Market Research-

Atlas Roofing Corp

Braas Monier Building Group

CertainTeed

GAF

Henry

IKO Industries Ltd

Malarkey Roofing Products

Owens Corning

PABCO Building Products LLC

Polyglass S.p.A.

Siplast Inc

Tarco Inc

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.