Reports
Latin America Roofing Market Share, Analysis, Size, Forecast: By Type: Bituminous, Metal, Tiles, Green Roof, Wood Shingles, Others; By Roof Shape: Flat, Slope; By Application: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Latin America Roofing Market Outlook
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.
| 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- Type, Roof Shape, Application, Country |
| Breakup by Type | Bitunumous, Metal, Tiles, Green Roof, Wood Shingles, Others |
| Breakup by Roof Shape | Flat, Slope |
| Breakup by Application | Residential, Commercial, Industrial |
| Breakup by Country | Brazil, Argentina, Mexico, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Owens Corning, Etex SA, Atlas Roofing Corporation, Dextra Group, Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Latin America Roofing Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Roofing Historical Market (2018-2023)
8.3 Latin America Roofing Market Forecast (2024-2032)
8.4 Latin America Roofing Market by Type
8.4.1 Bituminous
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Metal
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Tiles
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Green Roof
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Wood Shingles
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Latin America Roofing Market by Roof Shape
8.5.1 Flat
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Slope
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Latin America Roofing Market by Application
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Latin America Roofing Market by Country
8.7.1 Brazil
8.7.2 Argentina
8.7.3 Mexico
8.7.4 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Argentina
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Owens Corning
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Etex SA
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Atlas Roofing Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Dextra Group
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Roofing Market: Key Industry Highlights, 2018 and 2032
2. Latin America Roofing Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Latin America Roofing Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Latin America Roofing Historical Market: Breakup by Roof Shape (USD Billion), 2018-2023
5. Latin America Roofing Market Forecast: Breakup by Roof Shape (USD Billion), 2024-2032
6. Latin America Roofing Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Latin America Roofing Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Latin America Roofing Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Latin America Roofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Latin America Roofing Market Structure
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.
Analyst Review
The Latin America roofing market attained a value of USD 6.41 billion in 2023, driven by the rising construction and infrastructure industry. Aided by the growing technological advancements like cutting-edge equipment, such as drones to inspect rooftops and the adoption of 3D printing technology, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the Latin America roofing industry can be segmented into bituminous, metal, tiles, green roof, and wood shingles, among others. By roof shape, flat and slope are the major categories. On the basis of application, the industry can be divided into residential, commercial, and industrial. The major regional markets for the Latin America roofing are Brazil, Argentina, and Mexico, among others. The key players in the above market include Owens Corning, Etex SA, Atlas Roofing Corporation, and Dextra Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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