Roofing Materials Market Size, Share Report, Analysis, Trends, Growth 2032

The global roofing materials market size was worth around USD 119.86 Billion in 2022 and is predicted to grow to around USD 168.07 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.32% between 2023 and 2030.

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Global Roofing Materials Market: Overview

Roofing materials are the construction materials that are utilized in the making of the outermost layer of the roof of commercial, industrial, and home space. There are a wide number of materials utilized in the process like plastic, elastomers, metals, clay tiles, concrete, bituminous, and many others. These roofing materials offer numerous advantages to the structure like waterproofing, temperature maintenance, and many others.

Global Roofing Materials Market: Growth Factors

One of the major factors driving the growth of the global roofing materials market is the growing population all across the globe. Moreover, the growing investment in redevelopment and renovation of commercial buildings is likely to fuel the growth of the global market significantly during the forecast period. There is a significant rise in the demand for residential structures in the growing economies all across the globe. The high demand can be attributed to the growing per capita income of the people and rapid urbanization all across the globe. The high adoption rates of reflective coating are further boosting the growth of the global roofing materials market. Reflective coatings are known to reduce overall energy consumption and exhibit superior heat reflective properties. Moreover, the high insulation, excellent aesthetics, and superior durability are various other factors responsible for the growth of the global roofing materials market.

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Global Roofing Materials Market: Segmentation

The global roofing materials market can be segmented into applications, products, types of constructions, materials, and regions.

By applications, the market can be segmented into non-residential and residential. The residential application segment holds the largest share in the global roofing materials market due to the growing government support for developing housing infrastructure in the growing economies. Moreover, the high demand for roofing material in residential applications is due to the growing preference for a single-family house. The rapidly growing population across the globe is another factor propelling the growth of the segment. Moreover, the low interest rates and easy availability of credit are other major factors driving the growth of residential applications during the forecast period. The renovation of social infrastructures like hospitals, educational buildings, correction facilities, and government offices is likely to propel the growth of the segment further.

By products, the market can be segmented into plastics, metal roofs, concrete & clay tiles, and asphalt shingles. The concrete and clay tiles segment accounts for the largest share in the global roofing materials market due to the wide range of advantages offered by them like the ease of recycling, versatility, superior aesthetics, durability, and many others. The asphalt shingles segment is also expected to grow significantly during the forecast period due to its wide range of properties like cost-effectiveness, ease of installation, and longer lifespan. Also, it offers superior algae resistance and waterproofing properties which is also expected to propel the growth of the segment significantly during the forecast period.

By types of constructions, the market can be segmented into reroofing and new construction.

Global Roofing Materials Market: Regional analysis

Asia Pacific accounts for the largest share in the global roofing materials market due to the rapid urbanization and industrialization in the region. Moreover, there is a significant rise in the industrial sector in major economies like India and China in the region. The growing investment for new construction and renovation activities in the region has significantly boosted the demand for roofing materials in the market. Moreover, the growing demand for residential applications is also expected to boost the regional market.

North America is anticipated to witness huge growth during the forecast period due to the constant technological advancement in roofing material technology. The growing research and development activities in the region are further expected to propel the growth of the regional market vigorously during the forecast period.

Roofing Materials Market: Report Scope

Roofing Materials Market: Competitive Analysis

• IKO Industries Ltd 
• Braas Monier Building Group
• Johns Manville
• TAMKO Building Products LLC
• Atlas Roofing Materials Corporation
• Owens Corning
• CertainTeed Corporation
• Carlisle Companies Inc.
• Boral Ltd.
• Owens Corning 
• GAF Materials Corporation.

The Global Roofing Materials Market is segmented as follows:

By products 

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

By Types Of Constructions 

• Reroofing  
• New Construction 

By applications 

• Residential 
• Non-Residential 

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.