Roofing Materials Market Size, Share, Forecast, & Trends Analysis by Product (Asphalt Shingles, Metal, Slate, Concrete & Clay Tiles, Wood, Synthetic, Built-Up, Green), End User (Residential, Commercial, Industrial, Government)

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Roofing Materials Market Size, Share, Forecast, & Trends Analysis by Product (Asphalt Shingles, Metal, Slate, Concrete & Clay Tiles, Wood, Synthetic, Built-Up, Green), End-user (Residential, Commercial, Industrial, Government)-Global Forecast to 2031.

The research report titled 'Roofing Materials Market Size, Share, Forecast, & Trends Analysis by Product (Asphalt Shingles, Metal, Slate, Concrete & Clay Tiles, Wood, Synthetic, Built-Up, Green), End-user (Residential, Commercial, Industrial, Government)-Global Forecast to 2031' provides an in-depth analysis of the roofing materials market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The roofing materials market is projected to reach $159.9 billion by 2031, at a CAGR of 3.8% from 2024 to 2031.

The growth of this market is driven by the increasing construction activities and growing demand for roofing materials in new housing developments and renovations. Additionally, the growing demand for energy-saving roofing materials and increasing awareness of environmental sustainability and green building practices is expected to create market growth opportunities. However, environmental concerns of traditional roofing materials may restrain the growth of this market. Also, adapting roofing materials to withstand extreme weather conditions is a major challenge for the players operating in this market. The increasing use of recycled and renewable roofing materials and the growing adoption of cool roofs, solar panels, and green roofs are key trends in the roofing materials market.

The roofing materials market is segmented by product (asphalt shingles, metal roofing, slate roofing, concrete & clay tiles, wood shingles & shake, synthetic roofing, built-up roofing (BUR), green roofs, and other products) and end user (residential, commercial, industrial, hospital/clinics/medical facilities, education & institutional, government & public sector, aerospace & defense, and other end-users), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, the roofing materials market is broadly segmented into asphalt shingles, metal roofing, slate roofing, concrete & clay tiles, wood shingles & shake, synthetic roofing, built-up roofing (BUR), green roofs, and other products. In 2024, the asphalt shingles segment is expected to account for the largest share of above 25.0% of the roofing materials market. The large market share of this segment can be attributed to the growing need for durable and cost-effective roofing materials, increasing use of asphalt shingles in residential roofing for townhouses, apartments, and commercial roofing, including offices, restaurants for their ease of installation, affordability and versatility in design options.

However, the synthetic roofing segment is projected to witness the highest growth rate during the forecast period of 2024-2031.

Based on end-user, the roofing materials market is broadly segmented into residential, commercial, industrial, hospital/clinics/medical facilities, education & institutional, government & public sector, aerospace & defense, and other end-users. In 2024, the residential segment is expected to account for the largest share of above 55.0% of the roofing materials market. The segment is also projected to witness the highest growth rate during the forecast period of 2024-2031. The large market share of this segment can be attributed to the growing demand for new residential construction and roof replacements due to increasing population and urbanization, increasing use of roofing materials in rural areas for residential properties, including farms and ranches, increasing investments in renovation and remodeling projects including roof upgrades, and growing demand for energy-efficient roofing materials among homeowners.

Based on geography, the roofing materials market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 35.0% of the roofing materials market, followed by Europe, North America, Latin America, and the Middle East & Africa. The market in Asia-Pacific is also projected to register the highest growth rate of above 5.0% during the forecast period. Asia-Pacific's significant market share can be attributed to the growing construction activities in the region, including residential, commercial, and industrial developments, increasing demand for roofing materials to support infrastructure development, and growing adoption of advanced roofing technologies and materials to improve energy efficiency and sustainability, growing aging Infrastructure requiring roof replacements or upgrades, increasing adoption of energy-saving roofing solutions to enhance building performance and sustainability.

The key players operating in the roofing materials market are Owens Corning (U.S.), CertainTeed Corporation (U.S.), GAF Materials LLC (U.S.), Beacon Roofing Supply, Inc. (U.S.), BMI Group Holdings UK Limited (U.K.), Herbert Malarkey Roofing Company (U.S.), IKO Industries Ltd. (Canada), Hi-Tech Roofing (U.S.), Atlas Roofing Corporation (U.S.), Johns Manville (U.S.), TAMKO Building Products LLC (U.S.), Carlisle Companies Incorporated (U.S.), Holcim Ltd (Switzerland), Fletcher Steel Limited (New Zealand), Boral Limited (Australia), Etex NV (Belgium), CSR Limited (Australia), ProVia (U.S.), Siplast, Inc. (U.S.), JSW Steel, Coated Products Limited (India), and Tata BlueScope Steel (India).

Key Questions Answered in the Report:

What are the high-growth market segments in terms of product and end user?
What is the historical market size for the roofing materials market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the roofing materials market?
Who are the major players in the roofing materials market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the roofing materials market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the roofing materials market, and how do they compete with other players?

Scope of the Report:

Roofing Materials Market Assessment-by Product

Asphalt Shingles
Metal Roofing
Slate Roofing
Concrete & Clay Tiles
Wood Shingles & Shake
Synthetic Roofing
Built-Up Roofing (BUR)
Green Roofs
Other Products

Roofing Materials Market Assessment-by End User

Residential
Commercial
Industrial
Hospital/Clinics/Medical Facilities
Education & Institutional
Government & Public sector
Aerospace & Defense
Other End Users

Roofing Materials Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Singapore
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa

Product Code: MRCHM - 1041214

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research
2.3. Market Assessment
- 2.3.1. Market Size Estimation
- 2.3.2. Bottom-up Approach
- 2.3.3. Top-down Approach
- 2.3.4. Growth Forecast
2.4. Assumptions for the Study

3. Executive Summary

3.1. Market Overview
3.2. Market Analysis, by Product
3.3. Market Analysis, by End User
3.4. Market Analysis, by Geography
3.5. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Increasing Construction Activities
  - 4.2.1.2. Growing Demand for Roofing Materials and New Housing Developments And Renovations
- 4.2.2. Restraints
  - 4.2.2.1. Environmental Concerns of Traditional Roofing Materials
- 4.2.3. Opportunities
  - 4.2.3.1. Growing Demand for Energy-saving Roofing Materials
  - 4.2.3.2. Increasing Awareness of Environmental Sustainability and Green Building Practices
- 4.2.4. Challenges
  - 4.2.4.1. Adapting Roofing Materials to Withstand Extreme Weather Conditions
- 4.2.5. Trend
  - 4.2.5.1. Increasing Use of Recycled and Renewable Materials in Roofing
  - 4.2.5.2. Growing Adoption of Cool Roofs, Solar Panels, and Green Roofs

5. Roofing Materials Market Assessment-by Product

5.1. Overview
5.2. Asphalt shingles
5.3. Metal Roofing
5.4. Slate Roofing
5.5. Concrete & Clay Tiles
5.6. Wood Shingles and Shake
5.7. Synthetic Roofing
5.8. Built-up Roofing (BUR)
5.9. Green Roofs
5.10. Other Products

6. Roofing Materials Market Assessment-by End User

6.1. Overview
6.2. Residential
6.3. Commercial
6.4. Industrial
6.5. Hospital/Clinics/Medical Facilities
6.6. Education & Institutional
6.7. Government & Public Sector
6.8. Aerospace & Defense
6.9. Other End Users

7. Roofing Materials Market Assessment-by Geography

7.1. Overview
7.2. North America
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. Europe
- 7.3.1. Germany
- 7.3.2. U.K.
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Netherlands
- 7.3.8. Rest of Europe
7.4. Asia-Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. South Korea
- 7.4.5. Thailand
- 7.4.6. Singapore
- 7.4.7. Rest of Asia-Pacific
7.5. Latin America
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Argentina
- 7.5.4. Rest of Latin America
7.6. Middle East & Africa
- 7.6.1. UAE
- 7.6.2. Saudi Arabia
- 7.6.3. South Africa
- 7.6.4. Rest of Middle East & Africa

8. Global Roofing Materials Market Assessment - Competitive Analysis

8.1. Overview
8.2. Key Growth Strategies
8.3. Competitive Benchmarking
8.4. Competitive Dashboard
- 8.4.1. Industry Leaders
- 8.4.2. Market differentiators
- 8.4.3. Vanguards
- 8.4.4. Emerging Companies
8.5. Market Share Analysis

9. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Recent Developments)

9.1. Owens Corning
9.2. CertainTeed Corporation
9.3. GAF Materials LLC
9.4. Beacon Roofing Supply, Inc.
9.5. BMI Group Holdings UK Limited
9.6. Herbert Malarkey Roofing Company
9.7. IKO Industries Ltd.
9.8 Hi-Tech Roofing
9.9. Atlas Roofing Corporation
9.10. Johns Manville
9.11. TAMKO Building Products LLC
9.12. Carlisle Companies Incorporated
9.13. Holcim Ltd
9.14. Fletcher Steel Limited
9.15. Boral Limited
9.16. Etex NV
9.17. CSR Limited
9.18. JSW Steel, Coated Products Limited
9.19. Tata BlueScope Steel
9.20. ProVia
9.21. Siplast, Inc.

(Note: SWOT Analysis of the Top 5 Companies will be Provided)

10. Appendix

10.1. Available Customization
10.2. Related Reports