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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Roofing Materials Market Outlook
The global roofing materials market reached a value of about USD 140.65 billion in 2023. The market of the product is further expected to grow at a CAGR of about 5.0% in the forecast period of 2024-2032 to reach a value of nearly USD 218.04 billion by 2032.
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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.
Properties and Applications
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.
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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
The EMR report looks into the regional roofing materials markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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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 report presents a detailed analysis of the following key players in the global roofing materials market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BMI Group
- Fletcher Building
- Owens Corning
- Atlas Roofing Materials Corporation
- TAMKO Building Products LLC
- GAF Materials LLC
- CertainTeed
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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 Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| 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. |
*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 global roofing materials market attained a value of nearly USD 140.65 billion.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 218.04 billion by 2032.
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.
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