PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933264
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933264
The global roofing materials market has been witnessing steady growth, driven by rising investments in commercial and residential construction, urbanization, and the increasing demand for eco-friendly and durable roofing solutions. Roofing materials form the outermost layer of a building's roof, providing protection against climatic conditions such as rain, wind, snow, and heat. These materials vary from natural products like slates and thatches to commercial products, including bituminous shingles, tiles, metal, and elastomeric roofing. Their selection depends on structural complexity, aesthetics, environmental conditions, and cost considerations.
According to Fortune Business Insights, the global roofing materials market was valued at USD 143.87 billion in 2025, projected to grow to USD 148.73 billion in 2026, and expected to reach USD 199.55 billion by 2034, representing a CAGR of 3.60% from 2026-2034. Asia Pacific led the market in 2025 with a 55.71% share, driven by rapid residential and non-residential construction in China, India, and Japan. The U.S. roofing materials market is projected to reach USD 34.77 billion by 2032, fueled by a construction industry expansion and a shift towards green and sustainable roofing solutions.
Market Drivers
Bituminous Roofing Demand: Bituminous roofing dominates the market due to its affordability, durability, and ease of installation. Bituminous shingles and plates provide excellent protection against weather elements, fire, and wind. They reflect solar heat, maintaining cooler building interiors and improving energy efficiency. Properly installed bituminous shingles can resist winds up to 150 mph and retain Class A fire classification, making them suitable for residential and commercial applications.
Metal Roofing Growth: The demand for metal roofing is increasing, particularly in wildfire-prone regions. Metal roofs, made from aluminum, copper, stainless steel, and galvanized steel, are durable, fire-resistant, and low-maintenance. They contribute to building insulation and energy efficiency, lasting as long as the structure itself. The increasing adoption of metal roofing in commercial and residential remodeling projects is boosting market growth.
Construction Industry Expansion: The global construction sector, including residential, non-residential, and infrastructure projects, significantly drives roofing material demand. Government initiatives, urbanization, population growth, and favorable credit access for housing projects in emerging economies further support market expansion.
COVID-19 Impact
The COVID-19 pandemic disrupted the roofing materials supply chain due to labor shortages and supply constraints. Construction delays, shutdowns, and additional safety measures affected market growth temporarily. However, the industry adapted through enhanced safety protocols and resumed operations, supporting a steady market recovery.
Restraining Factors
High costs of premium roofing materials and maintenance challenges can hinder market growth. Some materials, such as slate, concrete, and clay tiles, are heavy and fragile, increasing installation and repair costs. Climatic conditions may affect the longevity of certain materials, such as bituminous shingles during freezing temperatures. Environmental considerations, including resource usage and emissions during production, also influence market adoption.
Market Segmentation
By Material: The roofing materials market is segmented into bituminous, tile, metal, elastomeric, and others. The bituminous segment dominates due to its widespread residential use, cost-effectiveness, and easy installation. Tile materials (clay and concrete) offer durability and aesthetics, projected to hold a 34.86% share in 2026. Metal roofing provides fire resistance and longevity, while elastomeric materials offer flexibility, UV resistance, and durability, suitable for industrial and commercial buildings.
By End-Use: The residential segment leads the market with a 47.03% share in 2026, driven by government housing initiatives, population growth, and preference for single-family homes. The non-residential segment holds a 33.7% share in 2024, supported by investments in hospitals, educational buildings, government offices, and other social infrastructure.
Asia Pacific: The region's market was valued at USD 55.71 billion in 2025, supported by new construction and renovation activities in China, India, and Japan. Residential projects in India, including the government's 29.5 million housing target by 2024, contribute significantly. China's non-residential sector is projected to hold 37.2% market share in 2024. By 2026, the Japan market is expected at USD 5.96 billion, China at USD 31.9 billion, and India at USD 10.54 billion.
North America: The U.S. and Canada roofing market is driven by re-roofing projects, infrastructure spending, and residential and commercial construction. The U.S. market is projected at USD 27.65 billion in 2026.
Europe: Growth is fueled by national housing programs in the U.K. and increased residential construction to address shortages.
Latin America & Middle East/Africa: Industrialization, urbanization, and construction booms in Brazil, Mexico, Kenya, Nigeria, Qatar, UAE, and Saudi Arabia are boosting regional demand for roofing materials.
Key Industry Players
The market is fragmented with major players including Owens Corning, GAF, Carlisle Companies Inc., CertainTeed Corporation, Atlas Roofing, BMI Group, Johns Manville, IKO Industries, TAMKO Building Products, and Firestone Building Products. Companies focus on acquisitions, product launches, and backward integration to maintain quality, control costs, and expand their regional presence. Notable industry developments include Owens Corning acquiring Natural Polymers LLC in January 2022 and Carlisle Companies acquiring MBTechnology, Inc. in February 2022 to expand bituminous roofing capabilities.
Conclusion
The global roofing materials market is expected to grow from USD 143.87 billion in 2025 to USD 148.73 billion in 2026, reaching USD 199.55 billion by 2034 at a CAGR of 3.60%. Growth is driven by residential and non-residential construction, rising demand for durable and fire-resistant materials, and expanding metal and bituminous roofing adoption. While high costs and climatic impacts present challenges, strong infrastructure investment, green roofing trends, and urbanization will continue to support market expansion. Asia Pacific remains the largest regional market, with North America and Europe following closely, highlighting the global opportunities in roofing materials for the forecast period.
Segmentation By Material
By End-use Industry
By Region