Global Roofing Market to Attain USD 192.80 Billion by 2032

Roofing is the process of putting up an external covering on the roof of a building, which can be either self-supporting or supported by added structures beneath it. Roofing materials find the majority of their application in construction and related industries. The rapidly growing global population has led to a significant rise in the demand for new constructions to meet the needs of the population in both the residential and non-residential sectors. The construction industry is expected to witness 85% growth by 2030, with a projected global value of USD 15.5 trillion.  Emerging economies, which currently have a flourishing construction industry, are expected to aid the roofing industry with bituminous roofing materials being increasingly used in the construction of hotels, hospitals, schools, and industrial buildings.

With increasing awareness about the environment, consumers are seeking out sustainable and environmentally beneficial roofing materials like clay and concrete tiles. They help in conserving energy by reducing air conditioning usage by allowing air to flow through the loosely arranged tiles, and thus, maintaining an optimum internal temperature.  In countries like the US, UK and Japan there has been a growing shift toward green roofs, which are roofs either partly or wholly covered in vegetation.  In the US, major cities like Portland and San Francisco have ordinances in place seeking to introduce more green or eco-friendly roofs to combat climate change.

China, US, and India, along with the Middle East are the major markets for the global roofing industry. The growing urbanisation combined with the changing lifestyle has led to the increased construction of shopping complexes and malls in the emerging countries in the Asia Pacific, Latin America and Africa. The rise in construction activities in leading markets like Asia Pacific is aided by the government schemes supporting infrastructural growth. Government initiatives and increased spending on infrastructure growth have also aided both roofing and construction market in Middle Eastern countries like Saudi Arabia, United Arab Emirates and Qatar.

Market Analysis by Types, Applications and Regions:

• The roofing types available in the market are asphalt shingles, metal, tiles, wood shingles, and green roofs, among others.
• Residential and commercial sectors are the major application sectors for the roofing market.
• The global roofing market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions.

Key Findings of the Report:

• Growing population, rising disposable income and rapidly growing urbanization in emerging economies are aiding the global roofing market.
• Energy efficient green roofs are seeing a rising demand as they help improve the air quality and decrease the air conditioning usage in the long run.
• Growing awareness about the environment has led to a rise in demand for eco-friendly roofs. 
• Renovation and remodelling projects in the developed economies of Europe and North America is aiding the roofing market growth.

Key Offerings of the Report:

• The EMR report gives a historical (2018-2023) and forecasted (2024-2032) market analysis of the roofing market by types, applications, and regions.
• The report provides the installation cost of the type of roofing materials.
• It offers a detailed trade analysis of the major exporters and importers by value and volume in the global roofing market.
• The report by EMR gives an in-depth analysis of the region-wise historical (2018-2023) and forecasted (2024-2032) price trends. 

Owen Corning, Brass Monier Building Group S.A, Etex S.A, Saint-Gobain S.A, Wienerberger AG., Beacon Roofing Supply, Inc., Duro-Last, Inc., Carlisle SynTec Inc, and Atlas Roofing Corporation are the major players in the global roofing market that have been analyzed by the report. The EMR report provides a detailed insight into the latest developments in the competitive landscape of the global roofing coating market including capacity expansions, plant turnarounds, and mergers and acquisitions.