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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 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.*
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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 million 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124