Roofing Materials Market: Moving Beyond Safety and Weather Resistance
[350 Pages Report] In 2018, the global roofing materials market accounted for revenues worth US$ 115 Bn, and it is expected to record a CAGR of 4% during the forecast period (2019-2029). In recent years, rapid increase in retrofitting activities in developed countries and continued expansion of the construction industry in developing economies are significantly boosting sales of roofing materials.
In 2020, the overall sales for the roofing materials market witnessed a massive decline due to the Covid-19 crisis as lockdown was implemented and all the factorial units were closed which led the manufacturing companies to face immense losses. Now in 2021, the global manufacturers are giving entire focus on improving their sales and profitability through product innovations, upgrades and online selling.
Leading corporations including GAF Materials Corporation, Owens Corning, Atlas Roofing Corporation, BraasMonier Building Group; Etex; Boral Ltd Atlas Roofing Corporation, Carlisle Companies Incorporated, and Atlas Roofing Corporation, are taking initiatives to increase awareness regarding the benefits of roofing materials in making homes more resistant to the weather and are also focusing on the establishment of research institutes in different regions to come up with improvements in their offerings.
They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for the roofing materials with largest market share.
For instance, GAF Materials Corporation, took advantage of the post covidscenario by grabbing the opportunity in the digitally driven world and coming out with a customisable sales platform called GAF Project.
This platform has been created especially for the contractors as it offers a range of tools from lead management to payments, the end-to-end offering enables contractors to customize a consistent selling experience that is easy to use and accessible anywhere.
In addition to this, the company announced the launch of its residential product line with the newly enhanced Timberline® American Harvest shingles. The product comes with time-release algae-fighting technology, fast and accurate installation with LayerLock technology and much more.
Asia Pacific region is predicted to hold the major share in the roofing materials market through 2030 owing to increasing construction activities in the developing regions. The widening of the industrial sector and its development across India is contributing to the expansion of the market. With the arrival of coronavirus, the UK witnessed a delay in the construction of more than 3L planned new homes.
In the post covid scenario, with the increase in the housing construction activities in the UK, the roofing materials market can expect a surge in demand.
For decades, roofing materials and techniques have been playing a vital part in making homes more weather resistant, controlling interior temperature or environment, and boosting street appeal of the house. It is also pertinent to note, roofing has been the same for years, with little to no innovation.
However, the population of today is increasingly becoming pragmatic, organic, and green. The result is likely to bring notable changes in roofing industry in general and roofing materials in particular.
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Energy-efficient Roofing Materials to Lead the Second Wave of Growth
As low-cost and ease of installation remain influencing factors, asphalt shingles continue to witness higher demand and investment as compared to bitumen. While bitumen has been restricted in several countries due to non-conformance with environmental standards, volatility in prices of petroleum-based roofing materials, especially asphalt shingles, is leading to realignment of manufacturers’ strategies.
Mounting concerns over the sustainability of construction materials are changing the building culture, and roofing materials are no exception. Manufacturers have been focused on increasing the production of metal shingles, highly influenced by the ‘recyclability’ quotient.
However, relatively high cost associated with metal roofing and labor concerns continue to represent threat for roofing materials market players. Innovations are forthcoming to replace conventional materials with ecofriendly variants.
Moreover, leading names in tech, such as Tesla, are entering the sustainable roofing space with production of new type of roofing shingle made of textured glass that will harness energy of the sun to power homes and cost less than traditional roof systems.
North America Roofing Materials Market Leads Global Adoption, APAC’s Market Remains Lucrative
Growth prospects of the roofing materials market are high in the U.S. and EU5, in view of increased retrofitting activities in both residential and commercial buildings with aging and weathered shingles. As homeowners are taking the financial plunge to get a new roof, manufactures are centering on improving their offerings.
In the current scenario, North America accounts for 46% of the global roofing materials market value, and the trend is likely to continue over the predefined timeframe. The U.S.’s market in particular hit its US$ 40 Bn mark in 2019.
Asia Pacific will continue to offer greater opportunities for roofing materials market players, due to rising government investments in major construction projects across the region. Mass urbanization and increasing need for residential housing units to sustain growing populace, especially in China and India, will complement growth of the APAC’s roofing materials market.
Strong focus on lifespan, recyclability, energy efficiency, ease of installation, and aesthetics of roofing materials among consumers is further influencing innovation strategies of manufacturers.
Find your sweet spots for generating winning opportunities in this market.
Roofing Materials Market: Competitive Landscape
A number of companies vying a pie of the roofing materials market continue to increase with each passing years, given consideration to increasing infrastructural development across the globe.
Some of the leading roofing materials market players include GAF Materials Corporation, CertainTeed, Owens Corning, Atlas Roofing Corporation, Carlisle Companies Inc., Boral Ltd., Braas Monier Building Group, Johns Manville, and Etex.
Roofing Materials Market: Segmentation
The global roofing materials market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Product:
Asphalt Shingles
Concrete & Clay Tiles
Plastic Roof
Metal Roof
Others
By Application:
Residential
Non-residential
By Region:
North America
Europe
Asia Pacific
Central & South America
MEA
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Frequently Asked Questions
How is the Roofing Materials Market Growing?
The roofing materials market is predicted to grow at 4.2% CAGR through 2032.
Which Region Holds the Highest Revenue Potential in the Roofing Materials Market?
According to FMI, Asia Pacific holds the biggest market space in the roofing materials market.
What is the Future Scope of Growth for the Roofing Materials Market?
The roofing materials market is estimated to surpass US$ 185.96 Bn by 2032.
What is the Current Roofing Materials Market Size?
The roofing materials market size is anticipated to be over US$ 128.41 Bn in 2022.
Table of Content
Chapter 1. Executive Summary
1.1. Market Overview & Product Definitions
1.2. Segmental Outlook
1.3. Competitive Insights
Chapter 2. Market Dynamics & Scope
2.1. Market Segmentation
2.2. Penetration and Growth Prospects
2.3. Industry Value Chain Analysis
2.3.1. Manufacturing Trends
2.3.2. Technology Trends
2.3.3. Cost Structure Analysis
2.4. Technology Overview
2.5. Regulatory Framework
2.5.1. Product Classification Codes
2.5.2. Standard & Compliances
2.5.3. Safety
2.6. Key Market Dynamics
2.6.1. Market Driver Analysis
2.6.2. Market Restraint Analysis
2.6.3. Industry Challenges
Chapter 3. Business Environment Analysis: Market
3.1. Industry Analysis - Porter’s
3.1.1. Supplier Power
3.1.2. Buyer power
3.1.3. Threat of substitutes
3.1.4. Threat of new entrants
3.1.5. Competitive rivalry
3.2. PESTEL Analysis
3.2.1. Political Landscape
3.2.2. Economic Landscape
3.2.3. Social Landscape
3.2.4. Technological Landscape
3.2.5. Environmental Landscape
3.2.6. Legal Landscape
Chapter 4. Market Trend Analysis by Product
4.1. Market Share Analysis, 2019 - 2029
4.1.1. Asphalt Shingles
4.1.1.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
4.1.2. Concrete & Clay Tiles
4.1.2.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
4.1.3. Metal Roof
4.1.3.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
4.1.4. Plastic Roof
4.1.4.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
4.1.5. Other
4.1.5.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
Chapter 5. Market Trend Analysis by Application
5.1. Market Share, 2019 - 2029
5.1.1. Residential
5.1.1.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
5.1.2. Non-residential
5.1.2.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
Chapter 6. Market Trend Analysis by Region
6.1. Regional Movement Analysis & Market Share, 2019 - 2029
6.2. North America
6.2.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.2.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.2.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.2.4.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.2.4.3. Market estimates and forecasts, application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3. Europe
6.3.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.4. U.K.
6.3.4.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.4.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.4.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.5. Germany
6.3.5.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.5.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.5.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.6.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.3.6.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.4.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.4.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.5. Japan
6.4.5.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.5.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.5.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.6. India
6.4.6.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.6.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.4.6.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.5.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.5.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.6.2. Market estimates and forecasts, by product, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
6.6.3. Market estimates and forecasts, by application, 2014 - 2029 (US$ Mn) (Mn Sq Meter)
Chapter 7. Competition Analysis
7.1. Key Global Players & Recent Developments & Their Impact on the Industry
7.2. Competitive Environment
7.3. Vendor Landscape
7.4. Public Companies
7.4.1. Company Market Position analysis
7.4.2. SWOT
7.5. Private Companies
7.5.1. List of Key Emerging Companies and Their Geographical Presence
Chapter 8. Dashboard & Company Profiles
8.1. GAF Materials Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Atlas Roofing Corporation
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. CertainTeed Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Owens Corning
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Johns Manville Roofing Systems
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Etex
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Fletcher Building
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Eagle Roofing
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Boral Roofing
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Wienerberger AG
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Crown Building Products, LLC
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Carlisle Companies Inc.
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. North American Roofing Services, Inc.
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. CSR Limited
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. TAMKO Building Products LLC
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
Chapter 9. Assumptions & AcronymsChapter 10. Research Methodology
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List of Tables
Table 1. Global market estimates and forecasts, by product, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 2. Global asphalt shingles market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 3. Global concrete & clay tiles market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 4. Global metal roofs market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 5. Global plastic roofs market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 6. Global other market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 7. Global market estimates and forecasts, by application, 2014 - 2029 (Mn Sq Meter) (USD Billion)
Table 8. Global market estimates and forecasts, in residential applications, 2014 - 2029 (Mn Sq Meter) (USD Billion)
Table 9. Global market estimates and forecasts, in non-residential applications, 2014 - 2029 (Mn Sq Meter) (USD Billion)
Table 10. North America market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 11. North America market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 12. North America market revenue, by product, 2014 - 2029 (US$ Mn)
Table 13. North America market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 14. North America market revenue, by application, 2014 - 2029 (US$ Mn)
Table 15. U.S. market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 16. U.S. market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 17. U.S. market revenue, by product, 2014 - 2029 (US$ Mn)
Table 18. U.S. market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 19. U.S. market revenue, by application, 2014 - 2029 (US$ Mn)
Table 20. Europe market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 21. Europe market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 22. Europe market revenue, by product, 2014 - 2029 (US$ Mn)
Table 23. Europe market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 24 Europe market revenue, by application, 2014 - 2029 (US$ Mn)
Table 25. Germany market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 26. Germany market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 27. Germany market revenue, by product, 2014 - 2029 (US$ Mn)
Table 28. Germany market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 29. Germany market revenue, by application, 2014 - 2029 (US$ Mn)
Table 30. U.K. market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 31. U.K. market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 32. U.K. market revenue, by product, 2014 - 2029 (US$ Mn)
Table 33. U.K. market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 34. U.K. market revenue, by application, 2014 - 2029 (US$ Mn)
Table 35. France market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 36. France market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 37. France market revenue, by product, 2014 - 2029 (US$ Mn)
Table 38. France market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 39. France market revenue, by application, 2014 - 2029 (US$ Mn)
Table 40. Asia Pacific market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 41. Asia Pacific market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 42. Asia Pacific market revenue, by product, 2014 - 2029 (US$ Mn)
Table 43. Asia Pacific market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 44. Asia Pacific market revenue, by application, 2014 - 2029 (US$ Mn)
Table 45. China market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 46. China market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 47. China market revenue, by product, 2014 - 2029 (US$ Mn)
Table 48. China market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 49. China market revenue, by application, 2014 - 2029 (US$ Mn)
Table 50. India market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 51. India market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 52. India market revenue, by product, 2014 - 2029 (US$ Mn)
Table 53. India market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 54. India market revenue, by application, 2014 - 2029 (US$ Mn)
Table 55. Japan market estimates and forecasts, 2014 - 2029 (Mn Sq Meter) (US$ Mn)
Table 56. Japan market volume, by product, 2014 - 2029 (Mn Sq Meter)
Table 57. Japan market revenue, by product, 2014 - 2029 (US$ Mn)
Table 58. Japan market volume, by application, 2014 - 2029 (Mn Sq Meter)
Table 59. Japan market revenue, by application, 2014 - 2029 (US$ Mn)
Table 60. Central & South America market estimates and forecast, 2014 - 2029 (US$ Mn)
Table 61. Central & South America revenue estimates and forecasts, by product 2014 - 2029 (Mn Sq Meter)
Table 62. Central & South America volume estimates, by product 2014 - 2029 (US$ Mn)
Table 63. Central & South America volume estimates and forecasts, by application 2014 - 2029 (Mn Sq Meter)
Table 64. Central & South America revenue estimates, by application 2014 - 2029 (US$ Mn)
Table 65. Middle East & Africa market estimates and forecasts, 2014 - 2029 (US$ Mn)
Table 66. Middle East & Africa revenue estimates and forecasts, by product 2014 - 2029 (Mn Sq Meter)
Table 67. Middle East & Africa volume estimates, by product 2014 - 2029 (US$ Mn)
Table 68. Middle East & Africa volume estimates and forecast, by application 2014 - 2029 (Mn Sq Meter)
Table 69. Middle East & Africa revenue estimates, by application 2014 - 2029 (US$ Mn)
