Roofing Materials Market Report

Roofing Materials Market Analysis By Product (Asphalt Shingles, Tile Roof, Metal Roof, Plastic Roof), By Application (Residential, Non-Residential), By Region (North America, Europe, Asia Pacific, CSA, MEA), Trends & Dynamics, And Segment Forecasts, 2018 - 2025

  • Published Date: Jan, 2017
  • Base Year for Estimate: 2015
  • Report ID: GVR-1-68038-734-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 110

Industry Insights

The global roofing materials market size was estimated at USD 105.4 billion in 2015 and is projected to grow at a CAGR of 3.1% from 2016 to 2025. The demand is expected to be fueled by resurging residential building construction activities in developed nations, such as the US, which are expected to register positive growth rate. Further growth is likely to be supported by developing markets in Asia Pacific where new residential demand is likely to account for over 35% of the roofing materials demand.

A wide range of roofing materials is available depending upon structural, performance, aesthetic and economic reasons. In recent years, roof designs have transformed into an architectural trademark which apart from being environment friendly is also aesthetically attractive, structurally sound and reasonably priced.

U.S. roofing materials market revenue by product, 2014-2025 (USD Million)

U.S. roofing materials market

A number of small regional markets, including those in India, Indonesia, etc. are expected to witness robust growth owing to increasing re-roofing demand in rural areas which is supported by government sponsored schemes. Developed regions are likely to register steady construction growth similar to the U.S. The U.S., which uses shingles on a large scale, is slated to account for over 50% of North American demand for roofing materials.

The roofing industry is characterized by high brand loyalty coupled with established long term relationships between customers and manufacturers. Major industry players focus on further enhancing their brand reputation by offering a wide range of products, better quality standards as compared to competitors, etc. To achieve competitive advantage over local manufacturers and suppliers, major companies adapt strong market positioning strategies focusing on integrated systems services by combining the tiles product portfolio with other roofing components.

Product Insights

Metal roofs are expected to emerge as the fastest growing product during the forecast period. These products are known to have a high service life and are extremely durable. Although these shingles have high initial costs, but their long term price is known to be low. Stainless steel, aluminum, copper, etc. are most widely used materials for manufacturing metal shingles. In emerging markets, the concept of metal shingles was introduced to replace asbestos cement panels. The demand for this product segment is slated to gain ground with the development of pre-engineered steel buildings for non-residential applications.

Roofing material volume market share by product, 2015

Roofing material volume market

Tile roofs are anticipated to emerge as the largest product segment but are likely to register low growth rate as compared to asphalt shingles. Since many years, architects have preferred clay tiles for residential construction owing to environmental as well as a visual advantage which they provide. In recent years, shingles which were widely used in the North American market have witnessed robust growth in developing regions owing to ease of installation, high durability, and moderate price.

Application Insights

Residential application segment is slated to emerge as the fastest as well as the largest application segment. Recovering residential construction industry in developed regions is likely to support the new residential roofing market as well as re-roofing activities thus resulting in increasing demand. In emerging markets, upcoming manufacturing facilities and industrial development are likely to result in rising demand for these materials in the non-residential sector. In Asia Pacific, the non-residential application segment is expected to register the highest growth rate.

Regional Insights

Asia Pacific is expected to emerge as the largest as well as the fastest growing region. Rising infrastructure development activities such as construction, renovation of airports, SEZs and IT parks have resulted in rising demand for efficient roofing systems. Overall, the roofing materials market in this region is anticipated to register robust growth supported by steady development in infrastructure coupled with rising disposable income.

North America is slated to register the second highest growth rate. The presence of key manufacturers and their ability to offer a wide product range to customers is expected to play a crucial role to support the industry growth. North America is likely to grow at an estimated CAGR of 2.9% from 2016 to 2025.

Competitive Insights

Key players include GAF Materials Corporation, CertainTeed Corporation, Owens Corning Corp., Braas Monier Building Group, IcoPal ApS, etc. Key market players focus on implementing business strategies focusing on developing sophisticated techniques for product development, an established production process, in-depth understanding of markets as well as customer preferences in order to gain competitive advantage. Comprehensive product portfolio coupled with an ability to provide quality service is expected to play a crucial role in providing a competitive edge.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 & 2015

Forecast period

2016 - 2025

Market representation

Volume in Million square meters , Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & MEA

Country scope

U.S., Germany, UK, France, Japan, China, India

Report coverage             

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

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

  • Product Outlook (Volume, Million square meters; Revenue, USD Million, 2014 - 2025)

    • Asphalt Shingles

    • Tile Roof

    • Metal Roof

    • Plastic Roof

    • Others

  • Application Outlook (Volume, Million square meters; Revenue, USD Million, 2014 - 2025)

    • Residential

    • Non-Residential

  • Regional Outlook (Volume, Million square meters; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S

    •  Europe

      •  Germany

      • UK

      • France

    • Asia Pacific

      •  China

      • India

      • Japan

    • Middle East and Africa

    • Central & South America

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