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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Roofing Market Size
The Latin America roofing market reached a value of about USD 6.41 billion in 2023, driven by increasing construction activities and rising demand for reflective coating. The market is further expected to grow at a CAGR of 3.3% in the forecast period of 2024-2032 to reach a value of USD 7.84 billion by 2032.
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Rising Construction Activities Driving the Roofing Industry Growth
Latin America is a potential growth region for manufacturing, with a lot of construction activity going on, particularly in Brazil and Argentina. The roofing industry in the region has been supported by the rising demand for roofing materials. The roofing industry is expected to grow as local ceiling technologies improve. Because of their high insulation techniques and low expense, tiles and shingles are the most used roofing materials. Because of their high strength, shingles and plates are the most popular residential ceiling materials because they are extremely durable and have a long-life cycle. Wood shingles, shakes, slates, asphalt shingles, asbestos, and shingles, as well as monk and nun, imbrex and tegula, Dutch roof, and Mangalore tiles, are the most common shingles on the market.
Roofing: Market Segmentation
Roofing is the process of adding roof, the top covering of a building that protects it from rain, snow, sunshine, wind, and temperature extremes. Roofs can be built in a number of styles, including flat, pitched, vaulted, domed, and combinations, depending on technological, economic, and aesthetic considerations.
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On the basis of type, the industry can be divided into:
- Bituminous
- Metal
- Tiles
- Green Roof
- Wood Shingles
- Others
The roof shape can be divided as follows:
- Flat
- Slope
Roofing finds wide applications in the following:
- Residential
- Commercial
- Industrial
Based on region, the market can be divided into:
- Brazil
- Argentina
- Mexico
- Others
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Rising Construction Industry Aiding the Growth of Latin America Roofing Market
The growth of the roofing industry is being driven by the construction and infrastructure industry along with the increased demand for roofing materials. The roofing materials industry is expected to benefit from the introduction of reflective coatings that can be added to dark-colored roofing materials. Reflective coatings have superior heat reflection properties and reduce the building structure's total energy consumption. Product demand is expected to increase as a result of the superior reliability, aesthetics, and ease of installation associated with these items. The roof construction process is expected to be revolutionised as more cutting-edge equipment, such as drones, is used to survey roofs. Furthermore, the use of 3D printing technologies to manufacture various structural components of roofing systems is expected to boost demand for roofing materials industry and thus the roofing industry as well.
Key Industry Players in the Latin America Roofing Market
The report gives a detailed analysis of the following key players in the Latin America roofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Owens Corning
- Etex SA
- Atlas Roofing Corporation
- Dextra Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Roof Shape |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Latin America Roofing Market Report Snapshots
Latin America Roofing Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the Latin America roofing market attained a value of nearly USD 6.01 billion.
The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.
The market is primarily being driven by the construction and infrastructure market, increased demand for roofing materials, technological advancements, rising popularity of eco-friendly roofing technology, and the increased investments in the real estate market.
The key trends of the market are the introduction of reflective coatings which can be mixed with dark-coloured roofing materials and the adoption of 3D printing technology.
The major regions in the market are Brazil, Argentina, and Mexico.
The various types of roofing in the market include bituminous, metal, tiles, green roof, and wood shingles, among others.
The different roof shapes in the market are flat and slope.
The major applications of roofing include residential, commercial, and industrial.
The key players in the Latin America roofing market are Owens Corning, Etex SA, Atlas Roofing Corporation, and Dextra Group, among others.
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