Roofing Materials Market Size, Share & Trends Report

Roofing Materials Market Size, Share & Trends Analysis Report By Product (Asphalt Shingles, Concrete & Clay Tile Roofs), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-734-6
  • Number of Pages: 198
  • Format: Electronic (PDF)

Market Segmentation

  • Roofing Materials Product Outlook (Volume, Billion Square Feet; Revenue, USD Billion, 2017 - 2030)
    • Asphalt Shingles
    • Concrete & Clay Tiles
    • Metal Roofs
    • Plastics
    • Others
  • Roofing Materials Application Outlook (Volume, Billion Square Feet; Revenue, USD Billion, 2017 - 2030)
    • Residential
    • Non-residential
  • Roofing Materials Regional Outlook (Volume, Billion Square Feet; Revenue, USD Billion, 2017 - 2030)
    • North America
      • North America Roofing Materials Market Product Outlook
        • `Asphalt Shingles
        • Concrete & Clay Tiles
        • Metal Roofs
        • Plastics
        • Others
      • North America Roofing Materials Market Application Outlook
        • Residential
        • Non-residential
      • U.S.
        • U.S. Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • U.S. Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
    • Europe
      • Europe Roofing Materials Market Product Outlook
        • Asphalt Shingles
        • Concrete & Clay Tiles
        • Metal Roofs
        • Plastics
        • Others
      • Europe Roofing Materials Market Application Outlook
        • Residential
        • Non-residential
      • Germany
        • Germany Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • Germany Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
      • U.K.
        • U.K. Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • U.K. Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
      • France
        • France Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • France Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
    • Asia Pacific
      • Asia Pacific Roofing Materials Market Product Outlook
        • Asphalt Shingles
        • Concrete & Clay Tiles
        • Metal Roofs
        • Plastics
        • Others
      • Asia Pacific Roofing Materials Market Application Outlook
        • Residential
        • Non-residential
      • China
        • China Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • China Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
      • India
        • India Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • India Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
      • Japan
        • Japan Roofing Materials Market Product Outlook
          • Asphalt Shingles
          • Concrete & Clay Tiles
          • Metal Roofs
          • Plastics
          • Others
        • Japan Roofing Materials Market Application Outlook
          • Residential
          • Non-residential
    • Central & South America
      • Central & South America Roofing Materials Market Product Outlook
        • Asphalt Shingles
        • Concrete & Clay Tiles
        • Metal Roofs
        • Plastics
        • Others
      • Central & South America Roofing Materials Market Application Outlook
        • Residential
        • Non-residential
    • Middle East & Africa
      • Middle East & Africa Roofing Materials Market Product Outlook
        • Asphalt Shingles
        • Concrete & Clay Tiles
        • Metal Roofs
        • Plastics
        • Others
      • Middle East & Africa Roofing Materials Market Application Outlook
        • Residential
        • Non-residential

Roofing Materials Market Dynamics

Drivers - Growing roof renovation and replacement activities across the world

The global construction industry witnessed a stable growth till 2019 before the pandemic owing to the rising usage of drones, 3D printing, and building information modeling (BIM) technology. Residential and commercial construction activities grew moderately across the world in 2019. However, the COVID-19 pandemic resulted in significant changes in the global construction industry. Delay in new construction activities and intensification of shortage of labor, along with an inadequate supply of raw materials have been some effects of the pandemic on the global construction industry. As the global economy is recovering from the impact of the COVID-19 with several governments announcing relief packages to revive their economies, the residential and commercial construction industries have started witnessing an increase in roof renovation and replacement activities. Renovating and remodeling are significant factors for the long-term maintenance of properties. As per the State of the Industry Report for Roofing Contractors, U.S., roof replacements in North America held a share of nearly 94% of the total roofing projects in 2020. Numerous properties in North America and Europe are over 25–30 years old. Therefore, they are predicted to experience roof replacements in the upcoming period.

Drivers - Increasing demand for green buildings across the globe

New buildings are a substantial source of future emissions, specifically in promptly emerging countries with increasing populations. Existing building stocks are expected to hold record for the majority of building floor areas in a number of middle- and high-income nations by 2050 to enhance prevailing buildings for their sustainable transition to green buildings. In addition, effectiveness and de-carbonization norms are turning out to be majorly strict with technological progressions. This, in turn, is predicted to lead to existing buildings being periodically observed and regulated, as well as retrofitted to meet novel high-efficiency norms, while new buildings have to comply with ever-enhancing standards and rules. As a surging number of companies and governments focus to turn carbon neutral by 2050, green buildings play an important role in encouraging low-carbon economic growth and ensuring a clean energy transition. The majority of this investment potential worth USD 17.8 trillion is concentrated in South Asia, which is anticipated to house more than half of the global urban population by 2030. The residential construction investments, estimated at USD 15.7 trillion, are projected to account for a share of 60% of the market.

Restraints - Surging demand for roof coatings across world

Roofing materials market worldwide has been significantly growing owing to an increase in the number of roof replacement projects globally. According to the State of the Industry Report 2021 for Roofing Contractors by the National Federation of Roofing Contractors, U.S., roof replacement projects accounted for shares of 91% and 94% in terms of value and volume, respectively in 2020. This indicates that the global demand for roofing materials is increasingly dependent on the number of roof replacement projects. However, as consumers are adopting cost-effective solutions such as roof coatings, this hampers the demand for roof replacements, thereby negatively impacting the growth of roofing materials market.

What Does This Report Include?

This section will provide insights into the contents included in this roofing materials market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Roofing materials market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Roofing materials market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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