Roofing Materials Market Overview, Size, Industry Share, Growth, Trends, Report 2023-2028

The latest report published by IMARC Group, titled "Roofing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on roofing materials market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global roofing materials market size reached US$ 129.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 168.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.55% during 2023-2028.

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Roofing materials are a diverse range of substances used to cover and protect the roof of a building from weather elements. These materials play a crucial role in providing structural integrity, insulation, and durability to the overall construction. Common roofing materials include asphalt shingles, metal sheets, clay or concrete tiles, wood shakes or shingles, and synthetic materials like rubber or plastic. Each material has unique properties influencing factors such as longevity, energy efficiency, and aesthetic appeal. The choice of roofing material depends on climate, budget, architectural style, and specific functional requirements, contributing to the overall performance and longevity of a building's roof.

Market Trends:

The global market is majorly driven by the increasing awareness of the importance of durable and energy-efficient roofing solutions. As infrastructure development and residential construction projects increase, there is a parallel need for reliable and innovative roofing options. Furthermore, technological advancements in roofing materials play a pivotal role in market growth. Innovations include enhanced solar reflective coatings for energy efficiency, smart roofing systems with integrated sensors, and improved manufacturing processes that contribute to the durability and longevity of roofing products. Moreover, the increasing emphasis on sustainable and eco-friendly construction practices is driving the adoption of environmentally conscious roofing materials.

Green roofing options, such as solar tiles, recycled metal, and sustainable wood shakes, appeal to consumers seeking energy-efficient and environmentally responsible solutions. The impact of climate change and extreme weather events also contributes to market growth. Builders and homeowners are increasingly recognizing the importance of resilient roofing materials that can withstand severe weather conditions, including storms, hurricanes, and wildfires. Government initiatives promoting energy-efficient building practices and green construction contribute to the market's expansion. Incentives, rebates, and regulations aimed at encouraging the use of sustainable roofing materials drive consumer and industry adoption. Additionally, the growing trend of retrofitting existing structures with energy-efficient roofing solutions adds to market demand. As property owners seek to improve energy efficiency and reduce environmental impact, they invest in upgrading their roofs with modern materials.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Atlas Roofing Corporation (Hood Companies Inc.)
• Boral Roofing LLC (Boral Industries Inc.)
• Carlisle Companies Inc.
• CertainTeed Corporation
• Crown Building Products LLC
• CSR Limited
• Eagle Roofing
• Etex
• GAF (Standard Industries Inc.)
• Johns Manville (Berkshire Hathaway Inc.)
• North American Roofing Services Inc
• Owens Corning
• TAMKO Building Products LLC
• Wienerberger AG

Roofing Materials Market Segmentation:

Our report has categorized the market based on region, product, construction type and application.

Breakup by Product:
• Asphalt Shingles
• Concrete and Clay Tiles
• Metal Roofs
• Plastics
• Others

Breakup by Construction Type:
• New Construction
• Reroofing

Breakup by Application:
• Residential
• Non-Residential

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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