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Report Overview
The global roofing materials market reached a value of about USD 140.65 Billion in 2024. The market of the product is further expected to grow at a CAGR of about 5.00% in the forecast period of 2025-2034 to reach a value of nearly USD 229.10 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- According to the Australian Bureau of Statistics, the value of new residential buildings rose by 19.4%, reaching USD 7.14 billion in January 2024. Non-residential building value also saw a 12.4% increase, totaling USD 4.92 billion. This growth is expected to positively influence demand for roofing materials in the country.
- The Construction Association reports that the U.S. construction sector significantly boosts the economy, employing 8 million people and generating nearly USD 2.1 trillion annually. This economic importance highlights the ongoing demand for roofing materials as construction activities drive the market's growth.
- As per the Ministry of Municipal and Rural Affairs, Saudi Arabia has 138,114 construction companies. This robust construction industry is likely to drive demand for roofing materials, as new projects and infrastructure developments continue to rise, supporting the market's growth within the region.
Compound Annual Growth Rate
Value in USD Billion
5%
2025-2034
Roofing Materials Market Outlook
*this image is indicative*
The roofing materials market is primarily being driven by the growing construction industry. Emerging technology to improve the deployment, aesthetics and protection against weather of roofing materials is expected to increase the product demand in the coming years.
Key Trends and Developments
The roofing materials market is growing, driven by the demand for sustainable, eco-friendly materials, technological innovations, smart roofing solutions, climate-resilient options, and the increasing popularity of aesthetic roof designs.
Sustainability and Eco-Friendly Materials are Driving the Growth of the Roofing Materials Market
The global roofing materials market is witnessing a growing shift towards sustainable and eco-friendly options. Consumers and businesses are opting for materials such as recycled metal, solar tiles, and cool roofing, which lower energy consumption and reduce environmental impact. These products also enhance insulation and contribute to green building efforts, making them more desirable. In February 2023, MaterialsXchange (MX) introduced a new B2B digital marketplace for lumber and building materials. The upgraded platform featured simplified ordering, real-time tracking, and transparent pricing. Suppliers were able to easily list products, manage orders, and connect with buyers.
Technological Advancements and Smart Roofing Shaping the Roofing Materials Market Dynamics and Trends
Innovation in roofing materials is gaining momentum, with smart roofing solutions becoming increasingly popular. These include solar-powered roof tiles and energy-efficient coatings designed to regulate temperature. By integrating technology, roofing materials are becoming more durable, energy-efficient, and weather-resistant, offering appealing, cost-effective options for both residential and commercial markets. Saint-Gobain’s RenuCore technology, which recycles asphalt shingle waste into pellets for asphalt paving, was launched at the Construction and Demolition Recycling Association’s Shingle Recycling Forum in October 2024, contributing to the company’s sustainability efforts.
Climate-Resilient Roofing Solutions is Boosting the Global Demand for the Roofing Materials Market
The growing impact of climate change is driving an increase in demand for climate-resilient roofing materials. Products such as impact-resistant shingles and waterproof membranes provide superior protection against severe weather events, including storms, hail, and flooding. As the need for more durable, weather-resistant solutions rises, both new builds and roof replacements worldwide are turning to these materials. In 2024, Beacon’s expanded Beacon of Hope programme offered free roof replacements for veterans and Gold Star Families, further supporting the demand for climate-resilient roofing solutions.
Aesthetic Roofing Designs is Expanding Opportunities in the Global Roofing Market
A growing trend for visually appealing roofing materials is driving demand, as homeowners and businesses seek to enhance their property’s curb appeal. Materials like slate, clay tiles, and metal roofing offer a variety of textures and colours, combining aesthetics with durability. The increasing desire for design flexibility is shaping the growth of the roofing market. TimberBase launched a global B2B platform for buying and selling building materials in 2023, providing an intuitive interface, real-time order tracking, and expert guidance, streamlining global timber trading and strengthening supplier relationships.
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Market Segmentation
Roofing material refers to the outermost layer on the building's roof, generally supported by a structure at its base. The roofing material of a building provides protection against the natural elements. Depending on the available material and the nature of the supporting structure, the external layer of a roof shows a great variation.
By product type, the industry can be divided into the following:
- Asphalt Shingles
- Concrete and Clay Tile Roofs
- Metal Roofs
- Elastomers and plastic Roofs
- Others
The industry can be broadly categorised on the basis of its applications into:
- Residential
- Commercial
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Analysis
The rapidly rising construction industry owing to the steady economic growth, combined with low interest rates contributing to the increase in the approval of building projects, is anticipated to facilitate the industry expansion. Technological advancements taking place in the industry is further accelerating the growth of the market. The growing trend of the production of reflective coatings for dark-coloured roofing materials, which enable better heat reflection and reduce overall energy requirements, is presumed to drive the industry expansion.
Competitive Landscape
The global roofing materials market key players offer a wide range of sustainable and innovative products, focusing on quality, sustainability, and innovation. They provide energy-efficient and eco-friendly roofing solutions for residential, commercial, and industrial sectors, aiming to improve environmental performance and reduce energy consumption. Their commitment lies in delivering high-performance roofing systems that enhance energy savings, durability, and sustainability, addressing the growing demands of the global construction industry while promoting environmentally conscious practices.
BMI Group
BMI Group, established in 2017, is a leading provider of roofing and waterproofing solutions. Based in the United Kingdom, the company offers a comprehensive range of sustainable and innovative roofing products. BMI Group focuses on enhancing the performance, durability, and environmental sustainability of buildings worldwide.
Fletcher Building
Founded in 1904, Fletcher Building is a multinational corporation based in New Zealand, specialising in construction and building materials. The company manufactures a wide range of roofing materials and other construction products, focusing on quality, sustainability, and innovation to meet the needs of the global construction market.
Owens Corning
Owens Corning, established in 1938, is a global leader in insulation, roofing, and fiberglass composites. Based in the United States, the company offers energy-efficient and sustainable solutions for residential, commercial, and industrial sectors, committed to enhancing environmental performance and reducing energy consumption in building materials.
Atlas Roofing Materials Corporation
Atlas Roofing, founded in 1982, is a US-based manufacturer of roofing materials and insulation products. Known for its innovative solutions, Atlas Roofing focuses on providing high-performance, energy-efficient roofing systems that improve energy savings, durability, and sustainability for residential and commercial applications.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the roofing materials market report are TAMKO Building Products LLC, GAF Materials LLC, and CertainTeed, among others.
*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 2024, the global roofing materials market attained a value of nearly USD 140.65 Billion.
The market is projected to grow at a CAGR of 5.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 229.10 Billion by 2034.
The major drivers of the market are rising disposable incomes, increasing population, growing construction market, escalating demand from developing regions, and growing technological advancements.
The key trends guiding the growth of the roofing materials market include the popularity of aesthetically pleasing roofing materials and production of reflective coatings for dark-coloured roofing materials, which enable better heat reflection and reduce overall energy requirements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Asphalt shingles, concrete and clay tile roofs, metal roofs, and elastomers and plastic roofs, among others, are the major product types of roofing materials in the market.
Residential and commercial are the major applications of the product in the market.
The major players in the market are BMI Group, Fletcher Building, Owens Corning, Atlas Roofing Materials Corporation, TAMKO Building Products LLC, GAF Materials LLC, and CertainTeed, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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