Global Roofing Materials Market Report by Product, Construction Type, Application, and Region 2023-2028

The global roofing materials market size reached US$ 129.7 Billion in 2022. Looking forward, the market is expected to reach US$ 168.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.45% during 2022-2028.

Roofing materials are used on the outermost layer of the roof to provide shelter and protection against harsh environmental conditions like wind and scorching sun rays. These materials include asphalt shingles, closure strip, coating, copper, drain, downspout, fasteners, felt, flashing, gravel, grout, gutter, insulation, joint tape, underlayment, slate, ridge cap, plastic cement, and base ply and sheet. Presently, several advanced roofing materials are being developed that provide improved aesthetics and innovative features. For instance, integrating solar collectors into existing shingles generate more energy and is considered excellent for sunny roofs. Moreover, stone-coated steel is economical and effective for wet, windy regions or areas prone to wildfires.

Roofing Materials Market Trends

There is a significant rise in the number of housing units, especially in urban areas, on account of the growing global population and increasing income levels. This represents one of the key factors driving the market. The escalating demand for commercial and retail office spaces is also contributing to market growth. Moreover, governments of numerous countries are building leisure parks, urban transport, schools, and healthcare infrastructure, which is positively influencing the sales of roofing materials worldwide. They are also investing in the renovation and redevelopment of existing infrastructure, which is bolstering the market growth. Apart from this, with the growing environmental concerns and rising emphasis on sustainable buildings, green roofs are gaining traction around the world. As green roofs are covered with plants, they have a long lifespan and help in improving air quality and reducing water runoff. Furthermore, major market players are offering robust, durable, and easy to install roofing materials in different thicknesses and grades. This is anticipated to expand their market share and strengthen the growth of the market.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global roofing materials market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product, construction type and application.

Breakup by Product:

• Asphalt Shingles
• Concrete and Clay Tiles
• Metal Roofs
• Plastics

Breakup by Construction Type:

• New Construction
• Reroofing

Breakup by Application:

• Residential
• Non-Residential

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Atlas Roofing Corporation (Hood Companies Inc.), Boral Roofing LLC (Boral Industries Inc.), Carlisle Companies Inc., CertainTeed Corporation, Crown Building Products LLC, CSR Limited, Eagle Roofing, Etex, GAF (Standard Industries Inc.), Johns Manville (Berkshire Hathaway Inc.), North American Roofing Services Inc, Owens Corning, TAMKO Building Products LLC and Wienerberger AG.

Key Questions Answered in This Report

1. How big is the global roofing materials market?
2. What is the expected growth rate of the global roofing materials market during 2023-2028?
3. What are the key factors driving the global roofing materials market?
4. What has been the impact of COVID-19 on the global roofing materials market?
5. What is the breakup of the global roofing materials market based on the product?
6. What is the breakup of the global roofing materials market based on the construction type?
7. What is the breakup of the global roofing materials market based on the application?
8. What are the key regions in the global roofing materials market?
9. Who are the key players/companies in the global roofing materials market?