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Philippines Roofing Market Size, Share, Trends, Forecast: By Type: Asphalt Shingles, Metal, Tiles, Wood Shingles, Green Roofs, Others; By Application: Residential, Commercial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Philippines Roofing Market Size
The Philippines roofing market reached nearly USD 224.17 million in 2023. The market is projected to grow at a CAGR of 6.1% between 2024 and 2032 to attain around USD 381.95 billion by 2032.
| Philippines Roofing Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 224.17 |
| Market Size 2032 | USD Million | 381.95 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.1% |
| CAGR 2024-2032 - Market by Type | Tiles | 7.0% |
| CAGR 2024-2032 - Market by End Use | Residential | 7.0% |
| 2023 Market Share by Type | Green Roofs | 9.1% |
Philippines Roofing Market Outlook
- Green roofs enable residential spaces to harvest 80% of the rainwater for domestic consumption.
- A green roof spread over an area of one metre square can reduce 5 kg of carbon emissions.
- The Philippines’ economy registered a growth of 5.6% during 2023, which led to a surge in demand for residential housing.
Philippines Roofing Market Growth
In Q1 2024, the construction of residential spaces in the Philippines reached a value of PhP 773.2 million, which constituted over 52% of the overall value of all new construction projects. The rising need for energy-efficient housing has led to a surge in demand for green roofing systems in the Philippines, where repair and alteration projects worth PhP 16.3 million were completed in Q1 2024.
The World Intellectual Property Organisation ranked the Philippines at the 51 position out of 132 countries in the Global Innovation Index. Over the forecast period, 3D printers are expected to become increasingly commonplace for printing roofs for buildings, due to a six-fold reduction in their cost (now just over PhP 2.5 million) from the last decade.
Though traditional asphalt shingles are an attractive and cost-effective solution for establishing any roofing system, they are extremely vulnerable to the impacts of mildew, weather, and other external environmental agents. This has led to the development of thermoplastic-based self-cleaning shingles, which self-heal their scratches by forming new bonds with different polymers upon cooling. Moreover, new waterproof coating technologies have contributed to the durability of roofing systems by preventing the buildup of mildew and moisture damage. This is expected to contribute to the market growth in the coming years.
Cool roofs, which are created from metals and light-coloured shingles, have a high rate of solar reflectance and provide efficient indoor cooling, which lowers electricity consumption. They can also be manufactured through the addition of solar reflective coatings.
Smart roofs integrated with advanced IoT sensors to check dangerous snow loads, leaks, blocked roof drains, and other hazardous issues are expected to enhance the occupational safety of buildings.
Philippines Roofing Industry Segmentation
Philippines Roofing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Asphalt Shingles
- Metal
- Tiles
- Wood Shingles
- Green Roofs
- Others
| CAGR 2024-2032 - Market by | Type |
| Tiles | 7.0% |
| Metal | 6.5% |
| Asphalt Shingles | 6.3% |
| Wood Shingles | XX% |
| Green Roofs | XX% |
| Others | XX% |
Market Breakup by Application
- Residential
- Commercial
| CAGR 2024-2032 - Market by | End Use |
| Residential | 7.0% |
| Commercial | XX% |
Philippines Roofing Market Share
Based on end use, the market is segmented into residential and commercial. Over the forecast period, the residential sector is expected to grow at a CAGR of 7.0% during 2024-2032 as rapid population growth expedites the construction of housing buildings.
| 2023 Market Share by | Type |
| Green Roofs | 9.1% |
| Metal | XX% |
| Wood Shingles | XX% |
| Tiles | XX% |
| Asphalt Shingles | XX% |
| Others | XX% |
Leading Companies in the Philippines Roofing Market
Major construction companies are engaged in developing robotic shingle installers to enhance the overall safety, accuracy, and efficiency of roofing systems in the Philippines. Autonomous roofing drones that utilise nail guns to install shingles are expected to become increasingly popular over the forecast period.
- DN Group of Companies
- Puyat Steel Corporation
- Philmetal Products, Inc.
- Union Galvasteel Corporation
- Metalink Manufacturing Corp.
- Colorsteel Systems Corporation
- Others
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:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Philippines Roofing Market Report Snapshots
Philippines Roofing Market Size
Philippines Roofing Market Growth
Philippines Roofing Market Share
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Roofing Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Roofing Historical Market (2018-2023)
8.3 Asia Pacific Roofing Market Forecast (2024-2032)
9 Philippines Roofing Market Overview
9.1 Key Industry Highlights
9.2 Philippines Roofing Historical Market (2018-2023)
9.3 Philippines Roofing Market Forecast (2024-2032)
10 Philippines Roofing Market by Type
10.1 Asphalt Shingles
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Metal
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Tiles
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Wood Shingles
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Green Roofs
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Philippines Roofing Market by Application
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 DN Group of Companies
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Puyat Steel Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Philmetal Products, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Union Galvasteel Corporation
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Metalink Manufacturing Corp.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Colorsteel Systems Corporation
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Roofing Market: Key Industry Highlights, 2018 and 2032
2. Philippines Roofing Market: Key Industry Highlights, 2018 and 2032
3. Philippines Roofing Historical Market: Breakup by Type (USD Million), 2018-2023
4. Philippines Roofing Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Philippines Roofing Historical Market: Breakup by Application (USD Million), 2018-2023
6. Philippines Roofing Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Philippines Roofing Market Structure
Key Questions Answered in the Report
The market reached nearly USD 224.17 million in 2023.
The market is projected to grow at a CAGR of 6.1% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 381.95 billion in 2032.
The different types of roofing in the market are asphalt shingles, metal, tiles, wood shingles, and green roofs, among others.
The different applications of roofing include residential and commercial.
The key market players are DN Group of Companies, Puyat Steel Corporation, Philmetal Products, Inc., Union Galvasteel Corporation, Metalink Manufacturing Corp., and Colorsteel Systems Corporation, among others.
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