Roofing Materials Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global roofing materials market reached a value of about USD 140.65 Billion in 2024. The market of the product is further expected to grow at a CAGR of about 5.00% in the forecast period of 2025-2034 to reach a value of nearly USD 229.10 Billion by 2034.

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.

Key Trends and Developments

The roofing materials market is growing, driven by the demand for sustainable, eco-friendly materials, technological innovations, smart roofing solutions, climate-resilient options, and the increasing popularity of aesthetic roof designs.

October 2024

CRH Ventures launched its "Sustainable Building Materials" accelerator to support startups developing innovative, sustainable solutions for construction. The program aimed at Seed- to Series B-stage companies focuses on reducing emissions, waste, and energy use. It offered access to CRH’s network, pilot programs, and potential investments, contributing to the decarbonisation of construction.

August 2024

KPG Roofings launched the first-ever local manufacturing of ceramic roof tiles in Gujarat, India, marking a significant step for the roofing industry. This move aims to reduce reliance on imports, mitigate supply chain issues, and enhance product availability, contributing to the 'Make in India' initiative.

July 2024

Castagra launched its Ecodur1 Cool Roof Coating, an eco-friendly, energy-efficient solution for commercial roofs. Made from renewable materials like castor oil and gypsum, the fiber-reinforced coating is highly reflective, reducing energy consumption. It meets California Energy Commission standards and offers exceptional durability, ensuring long-lasting protection.

March 2024

PABCO Roofing Products launched the Shadow Cap Wide ridge cap, offering enhanced roofing flexibility and added protection for vented ridges. The new design, over three inches wider than the standard version, is available in eight colours and includes Algae Defender for protection against black streaks. It meets key performance ratings and enhances coverage and aesthetics.

Sustainability and Eco-Friendly Materials are Driving the Growth of the Roofing Materials Market

The global roofing materials market is witnessing a growing shift towards sustainable and eco-friendly options. Consumers and businesses are opting for materials such as recycled metal, solar tiles, and cool roofing, which lower energy consumption and reduce environmental impact. These products also enhance insulation and contribute to green building efforts, making them more desirable. In February 2023, MaterialsXchange (MX) introduced a new B2B digital marketplace for lumber and building materials. The upgraded platform featured simplified ordering, real-time tracking, and transparent pricing. Suppliers were able to easily list products, manage orders, and connect with buyers.

Technological Advancements and Smart Roofing Shaping the Roofing Materials Market Dynamics and Trends

Innovation in roofing materials is gaining momentum, with smart roofing solutions becoming increasingly popular. These include solar-powered roof tiles and energy-efficient coatings designed to regulate temperature. By integrating technology, roofing materials are becoming more durable, energy-efficient, and weather-resistant, offering appealing, cost-effective options for both residential and commercial markets. Saint-Gobain’s RenuCore technology, which recycles asphalt shingle waste into pellets for asphalt paving, was launched at the Construction and Demolition Recycling Association’s Shingle Recycling Forum in October 2024, contributing to the company’s sustainability efforts.

Climate-Resilient Roofing Solutions is Boosting the Global Demand for the Roofing Materials Market

The growing impact of climate change is driving an increase in demand for climate-resilient roofing materials. Products such as impact-resistant shingles and waterproof membranes provide superior protection against severe weather events, including storms, hail, and flooding. As the need for more durable, weather-resistant solutions rises, both new builds and roof replacements worldwide are turning to these materials. In 2024, Beacon’s expanded Beacon of Hope programme offered free roof replacements for veterans and Gold Star Families, further supporting the demand for climate-resilient roofing solutions.

Aesthetic Roofing Designs is Expanding Opportunities in the Global Roofing Market

A growing trend for visually appealing roofing materials is driving demand, as homeowners and businesses seek to enhance their property’s curb appeal. Materials like slate, clay tiles, and metal roofing offer a variety of textures and colours, combining aesthetics with durability. The increasing desire for design flexibility is shaping the growth of the roofing market. TimberBase launched a global B2B platform for buying and selling building materials in 2023, providing an intuitive interface, real-time order tracking, and expert guidance, streamlining global timber trading and strengthening supplier relationships.

Roofing Materials Market Segmentation

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.

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

Market Breakup by Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Roofing Materials 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 global roofing materials market key players offer a wide range of sustainable and innovative products, focusing on quality, sustainability, and innovation. They provide energy-efficient and eco-friendly roofing solutions for residential, commercial, and industrial sectors, aiming to improve environmental performance and reduce energy consumption. Their commitment lies in delivering high-performance roofing systems that enhance energy savings, durability, and sustainability, addressing the growing demands of the global construction industry while promoting environmentally conscious practices.

BMI Group

BMI Group, established in 2017, is a leading provider of roofing and waterproofing solutions. Based in the United Kingdom, the company offers a comprehensive range of sustainable and innovative roofing products. BMI Group focuses on enhancing the performance, durability, and environmental sustainability of buildings worldwide.

Fletcher Building

Founded in 1904, Fletcher Building is a multinational corporation based in New Zealand, specialising in construction and building materials. The company manufactures a wide range of roofing materials and other construction products, focusing on quality, sustainability, and innovation to meet the needs of the global construction market.

Owens Corning

Owens Corning, established in 1938, is a global leader in insulation, roofing, and fiberglass composites. Based in the United States, the company offers energy-efficient and sustainable solutions for residential, commercial, and industrial sectors, committed to enhancing environmental performance and reducing energy consumption in building materials.

Atlas Roofing Materials Corporation

Atlas Roofing, founded in 1982, is a US-based manufacturer of roofing materials and insulation products. Known for its innovative solutions, Atlas Roofing focuses on providing high-performance, energy-efficient roofing systems that improve energy savings, durability, and sustainability for residential and commercial applications.

Other key players in the roofing materials market report are TAMKO Building Products LLC, GAF Materials LLC, and CertainTeed, among others.