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Global Roofing Materials Market Size, Analysis: By Product: Asphalt Shingles, Concrete and Clay Tile Roofs, Metal Roofs, Elastomers and Plastic Roofs, Others; By Application: Residential, Commercial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
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.
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 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Roofing Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Roofing Materials Historical Market (2018-2023)
8.3 Global Roofing Materials Market Forecast (2024-2032)
8.4 Global Roofing Materials Market by Product
8.4.1 Asphalt Shingles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Concrete and Clay Tile Roofs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Metal Roofs
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Elastomers and Plastic Roofs
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global 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 Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Roofing Materials Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Roofing Materials Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Roofing Materials Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Roofing Materials Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Roofing Materials Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Roofing Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BMI Group
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Fletcher Building
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Owens Corning
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Atlas Roofing Materials Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 TAMKO Building Products LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 GAF Materials LLC
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 CertainTeed
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Roofing Materials Market: Key Industry Highlights, 2018 and 2032
2. Global Roofing Materials Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Roofing Materials Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Roofing Materials Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Roofing Materials Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Roofing Materials Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Roofing Materials Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Roofing Materials Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Roofing Materials Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Roofing Materials Market Structure
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.
Analyst Review
The global roofing materials market attained a value of USD 140.65 billion in 2023, driven by the growing construction industry. Aided by the rising demand from the developing regions and growing technological advancements in the industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%. The roofing materials market is projected to reach USD 218.04 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into asphalt shingles, concrete and clay tile roofs, metal roofs, elastomers and plastic roofs, and others. On the basis of application segments, the industry is divided into residential and commercial. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BMI Group, Fletcher Building, Owens Corning, Atlas Roofing Materials Corporation, TAMKO Building Products LLC, GAF Materials LLC, CertainTeed, and 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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