Roofing Materials Market Size, Share & Trends Report

Roofing Materials Market Size, Share & Trends Analysis Report By Product (Asphalt Shingles, Concrete & Clay Tile), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-734-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 133

Industry Insights

The global roofing materials market size was valued at USD 115.62 billion in 2018 and is expected to expand at a CAGR of 4.2% over the forecast period. Increasing adoption of sustainable construction projects, which emphasizes on the use of environment-friendly and energy efficient materials, is expected to drive the market over the forecast period.

Rapid urbanization, infrastructure development, ongoing efforts to build megacities, increasing initiatives by governments to provide affordable housing, and development of economic zones in emerging economies such as India, China, and Saudi Arabia are anticipated to boost product demand over the forecast period.

U.S. roofing materials market

The industry is witnessing an increase in strategic alliances between contractors and installers with material suppliers helping to serve a wider customer base. Product manufacturers generally work closely with contractors in bidding jobs and carry out sales operations. In many instances, contractors are certified by manufacturers to install their products or systems.

Mandatory regulations imposed by various regulatory authorities in U.S. to encourage the use of sustainable building materials is expected to propel product demand over the forecast period. In addition, increasing awareness regarding use of roofing systems to reduce carbon footprint by decreasing energy consumption is expected to aid industry growth.

Rising digitalization in the industry has led to increase in use of cutting-edge technology such as drones, robots, and 3D printing, and this is estimated to benefit the industry. Increasing use of laser printing to produce larger structural components of roofing systems is projected to boost demand for roofing materials over the forecast period.

Diversified product range, coupled with high-quality service, is likely to play a crucial role in attaining competitive edge over other participants. Tier 1 suppliers are focusing on expanding their offering, whereas local suppliers are focusing on a particular product segment to maintain their market position. Distribution is consolidated with major players maintaining the necessary resources to cater to custom demands from consumers.

Product Insights

Concrete and clay tile roofs accounted for the dominant share and are expected to witness the fastest growth, owing to their durability, aesthetic appeal, versatility, and ease of recycling. The segment is facilitated by ease of availability, coupled with higher product penetration. However, increasing use of stone-coated steel roof is expected to hamper product demand.

Asphalt shingles are estimated to emerge as the second largest product segment and are expected to value USD 37.34 billion by 2025 owing to their longer lifespan, ease of installation, and cost-effectiveness. In addition, their superior characteristics allow the product to withstand water resistance and temperature fluctuations.

Metal roofs accounted for an 18.5% share in the overall revenue in 2018 and are expected to observe significant growth over the projected time, due to their longer lifespan, resistance to fire, lightweight, and speed and ease of installation. However, the product has several drawbacks such as oil canning, leaking, corrosion, and expansion and contraction, which is expected to hamper segment growth.

Elastomers and plastic roofs are estimated to expand at a CAGR of 2.5% over the forecast period in terms of revenue, owing to their properties such as lightweight, durability, cost-effectiveness, and ease of cleaning and installation. However, plastic roofs offer lower aesthetic appeal as compared to other products. In addition, the product experiences a greater impact from water, thereby limiting its use in non-residential applications.

Application Insights

The residential application segment is estimated to account for the largest share in the roofing materials market, registering a CAGR of 4.4% over the forecast period. This can be attributed to rise in residential construction in Asia Pacific, driven by rising population, rapid urbanization, and strong economic growth. Recovering residential construction in developed regions is likely to fuel re-roofing activities, thereby driving the industry.

Repair, remodeling, and replacement of existing roofs is expected to offer a growth opportunity to the market. Restrained consumer spending on home improvements due to economic crisis is expected to drive residential re-roofing activities. In addition, increasing natural calamities are expected to boost construction and renovation activities, thereby driving product demand.

Global roofing materials market

The non-residential application segment accounted for 41.4% share in the market revenue in 2018. The segment is expected to witness substantial growth over the forecast period owing to rising infrastructure development in the form of recreational areas, educational institutions, offices, and healthcare centers, among others.

Increase in requirements to find energy-efficient solutions to reduce overall energy consumption of various structures is presumed to augment market growth over the forecast period. In addition, refurbishment of old commercial structures is expected to provide a growth opportunity to the market.

Regional Insights

Asia Pacific is estimated to witness the fastest growth over the forecast period and is expected to reach USD 51.8 billion by 2025 owing to massive potential of the construction industry in the region. Enforcement of green building codes by various governments in the region is anticipated to aid industry growth over the forecast period.

U.S. dominates the North America market owing to increased demand from the residential sector, extensively developed manufacturing industry, and government initiatives to develop social infrastructure. In addition, rising awareness regarding the benefits of weather protection of building structures is expected to benefit industry growth.

Europe accounted for 24.4% share in the total revenue in 2018 and is expected to witness significant growth over the projected period, owing to the recovery of the residential and commercial construction sectors. Increasing product preference for aestheic appeal and to reduce the energy requirements of the system is expected to propel product demand over the forecast period.

The construction industry in Middle East and Africa is likely to observe high revenue growth through major industries, commercial complexes, and residences, which is likely to benefit the market. In addition, increasing government investments in commercial construction in economies such as Saudi Arabia, UAE, and Qatar to boost economic growth is expected to drive the market over the forecast period.

Roofing Materials Market Share Insights

Industry participants are focusing on branding and marketing of their products, to create awareness among consumers. Major players are also adopting various strategies such as mergers and acquisitions and geographical as well as product expansion. In 2016, GAF Materials Corporation acquired IcoPal to form one of the largest roofing businesses in the world.

Large number of roofing product manufacturers are focusing on backward integration in order to keep product quality under control. Industry participants are emphasizing on expanding their product portfolio by developing innovative solutions and cheaper products with superior properties to cater to increasing consumer demand.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Million Square Meters, Revenue in USD Billion, and CAGR from 2019 to 2025

Region Scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, India, Japan, Brazil, South Africa

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global roofing materials market report on the basis of product, application, and region:

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

    • Asphalt Shingles

    • Concrete & Clay Tile Roofs

    • Metal Roofs

    • Elastomers & Plastic Roofs

    • Others

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

    • Residential

    • Non-residential

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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