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Latin America Roofing Materials Market Size, Share, Growth: By Type: Asphalt Shingles, Metal, Concrete and Clay Tiles, Elastomers and Plastic, Others; By Application: Residential, Non-Residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Latin America Roofing Materials Market Outlook
The Latin America roofing materials market attained value of USD 6.62 billion in 2023. The Latin America roofing materials market is further expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032, to attain USD 8.9 billion by 2032.
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Rising Construction Activities Driving the Roofing Materials Industry Growth
Latin America is a significant region for manufacturing, with a lot of construction activity going on, particularly in Brazil and Argentina. The roofing materials industry is expected to grow as local ceiling technologies improve. Due to their high insulation techniques and low expense, tiles and shingles are the most used roofing materials. Owing to the high strength of shingles and plates, they are the most popular residential ceiling materials because they are extremely durable and have a long-life cycle. Rising demand for these roofing materials from the residential sector has led the market growth in recent years. 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 Materials: Market Segmentation
Roof construction materials for required for houses and foundations. Roofing materials must meet both technological and economic standards. Technological standards, such as impermeability, temperature tolerance, frost resistance, and low combustibility. Economic standards such as low cost of the material and the installation of the base upon which it rests, ease of installation. Roofing materials are available in chemical and silicate variety. They may be in the form of a roll, mastic, or a slice (sheets or slabs).
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Based on type, the market is divided into:
- Asphalt Shingles
- Metal
- Concrete and Clay Tiles
- Elastomers and Plastic
- Others
On the basis of applications, the market is categorised into:
- Residential
- Non-Residential
Country-wise, the markets for the product include Brazil, Argentina, and Mexico, among others.
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Rising Demand for Reflective Coatings Aiding the Latin America Roofing Materials Industry
The 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 total energy consumption of building structures. 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 over the forecast period.
Key Industry Players in the Latin America Roofing Materials Market
The report gives a detailed analysis of the following key players in the Latin America roofing materials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BMI Group
- Owens Corning
- Etex SA
- Megaflex Ltd.
- 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.
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 Type |
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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. |
*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 Materials Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Roofing Materials Historical Market (2018-2023)
8.3 Latin America Roofing Materials Market Forecast (2024-2032)
8.4 Latin America Roofing Materials Market by Type
8.4.1 Asphalt Shingles
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 Concrete and Clay Tiles
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Elastomers and Plastic
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Latin America Roofing Materials Market by Application
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Non-Residential
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Latin America Roofing Materials Market by Country
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Mexico
8.6.4 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 Price Analysis
12.1 Asphalt Roofing Materials Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Tiles Roofing Materials Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Plastic Roofing Materials Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Aluminium Roofing Materials Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BMI Group
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 Owens Corning
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 Etex SA
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 Megaflex Ltd.
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 Dextra Group
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 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Roofing Materials Market: Key Industry Highlights, 2018 and 2032
2. Latin America Roofing Materials Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Latin America Roofing Materials Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Latin America Roofing Materials Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Latin America Roofing Materials Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Latin America Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
7. Latin America Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Asphalt Roofing Historical Price Trends and Forecast (2018-2028)
9. Roofing Tiles Roofing Historical Price Trends and Forecast (2018-2028)
10. Plastic Roofing Historical Price Trends and Forecast (2018-2028)
11. Aluminium Roofing Historical Price Trends and Forecast (2018-2028)
12. Latin America Roofing Materials Market Structure
Key Questions Answered in the Report
The Latin America roofing materials market is attained a value of USD 6.62 billion in 2023.
The Latin America roofing materials market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The Latin America roofing materials market is expected to reach USD 8.9 billion by 2032.
The major drivers of the market include the growing population, rising construction sector, superior reliability, aesthetics, and the ease of installation.
Introduction of reflective coatings that can be added to dark-coloured roofing materials and use of 3D printing technologies are the key trends propelling the growth of the market.
The major countries in the market are Brazil, Argentina, and Mexico, among others.
The various types include asphalt shingles, metal, concrete and clay tiles, and elastomers and plastic, among others.
The applications for market are residential and non-residential.
The key players in the Latin America roofing materials market are BMI Group, Owens Corning, Etex SA, Megaflex Ltd., and Dextra Group, among others.
Analyst Review
The Latin America roofing materials market is attained value of USD 6.62 billion in 2023. The Latin America roofing materials market is further expected to grow at a CAGR of 4.2% in the forecast period of 2024-2032, to attain USD 8.9 billion by 2032. Aided by the growing construction activities, the market is expected to witness a further growth in the forecast period of 2024-2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the roofing materials industry can be segmented into asphalt shingles, metal, concrete and clay tiles, elastomers and plastic, among others. On the basis of applications, the industry is divided into residential and non-residential. The major regional markets for Latin America roofing materials are Brazil, Argentina, and Mexico, among others. The key players in the above market include BMI Group, Owens Corning, Etex SA, Megaflex Ltd., 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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