Roofing Materials Market Growth Insights, Comprehensive Research Analysis with Dynamic Innovations and Challenges by 2031 | Owens Corning, CSR Limited, Carlisle Companies Inc

Market Overview:

Roofing materials such as asphalt shingles, concrete tiles, clay tiles, metal roofing, and plastic roofing are used extensively in building roofs to protect the interior from rain, snow, wind, and sunlight. They provide durability and weather protection for commercial as well as residential structures.

Market Dynamics:

The roofing materials market is primarily driven by rising residential construction activities across the globe owing to increasing urbanization and improving economic conditions. According to the United States Census Bureau, in 2021, the privately‐owned housing starts have increased by 11.8% with a seasonally adjusted annual rate of 1,608,000. Additionally, rising commercial construction owing to growing industrialization and infrastructure development is also expected to support the demand for roofing materials over the forecast period. Replacement of existing roofs coupled with growing reroofing and repairing activities will further propel the market growth between 2024 and 2031.

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Top Companies Covered In This Report:

★ Owens Corning
★ CSR Limited
★ Carlisle Companies Inc
★ Wienerberger AG
★ Etex Group
★ Fletcher Building
★ Boral Roofing
★ Eagle Roofing Products
★ Johns Manville
★ CertainTeed
★ Crown Building Products LLC
★ TAMKO
★ Building Products
★ Inc
★ Atlas Roofing Corporation
★ GAF
★ Georgia-Pacific.
★ Metal-Era LLC
★ MIDWEST ROOFING SUPPLY
★ IKO Industries Ltd
★ Paul Bauder GmbH & Co. KG
★ Bravo Europa
★ Bilka
★ and Maxroof

Detailed Segmentation:

By Material
✦ Asphalt Shingles
✦ Concrete & Clay Tiles
✦ Metal Roof
✦ Plastic Roof
✦ Others

By Application
✦ Residential
✦ Non-residential

Key Region/Countries are Classified as Follows:

⋆ North America (United States, Canada, and Mexico)
⋆ Europe (Germany, France, UK, Russia, Italy)
⋆ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⋆ South America (Brazil, Argentina, Colombia)
⋆ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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✦ Growing Demand for Remodeling Activities is Driving the Roofing Materials Market

With increased disposable income, consumers have been increasingly spending more on home remodeling and renovation projects. This has led to a rise in demand for various roofing materials such as asphalt shingles, tiles, metals etc. According to studies, roofing replacement or repair projects contribute to over 70% of total remodeling expenditure globally. Furthermore, markets with aging housing infrastructure have witnessed spurt in replacement activities thus boosting sales of roofing materials.

✦ Climate Changes Leading to Severe Weather Conditions is Another Major Driver

Frequent occurrences of extreme weather events like hurricanes, heavy rains, hailstorm etc. caused due to climate change have necessitated more durable and resilient roofing solutions. Materials which offer fire, wind, impact and other types of resistance have seen their sales growing at a faster pace compared to traditional roofing materials. Regions affected severely by natural calamities install disaster-proof roofing in large numbers to safeguard property from future weather damages. This risk-averse behavior plays well for the studied market.

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✦ Stricter Building Regulations Can Pose a Challenge

While regulations regarding roofing installations aim at safety and sustainability, they can pose constraints for manufacturers in terms of increased compliance costs. Frequent changes in approvals processes and certifications according to new energy efficiency guidelines increase the overall financial burdens. Small players often find it difficult to adapt swiftly to the amended code requirements across regions. However, the implementation of regulations also drives demand for advanced green roofing materials compliant with latest standards.

✦ Green Construction presents Lucrative Opportunities

With growing environmental concerns worldwide, green building has emerged as a major trend in the construction sector. Rising consumer preference for eco-friendly materials provides opportunities for manufacturers of sustainable roofing solutions made from recycled, bio-based or plant-derived contents. Technologies enabling cool roofs, green roofs, and energy-efficient roof installations are witnessing higher investments and should accelerate the green building momentum in the years to come.

✦ Popularity of Metal Roofing is a Notable Trend

Among the various types of roofing materials, metal varieties have seen phenomenal growth in recent decades driven by certain distinctive advantages over conventional asphalt shingles and tiles. Factors like durability, impact resistance, lighter weight, variety of aesthetics and lower maintenance needs have made metal roofing a top preference among homeowners and builders. New product development incorporating advanced coatings to enhance longevity, energy efficiency and fire resistance have further boosted sales conversions for metal roofing manufacturers.

Key Questions Answered in the Report:

1. What are the growth opportunities for the new entrants in the global Roofing Materials industry?
2. Who are the leading players functioning in the global Roofing Materials marketplace?
3. What are the key strategies participants are likely to adopt to increase their share in the global Roofing Materials industry?
4. What is the competitive situation in the global Roofing Materials market?
5. What are the emerging trends that may influence the Roofing Materials market growth?
6. Which product type segment will exhibit high CAGR in the future?
7. Which application segment will grab a handsome share in the global Roofing Materials industry?
8. Which region is lucrative for the manufacturers?

Table of Contents:

1. Research Objectives and Assumptions
• Research Objectives
• Assumptions
• Abbreviations

2. Market Purview
• Report Description
- Market Definition and Scope
• Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Regions
- Market Snippet, By End-User
• Stratagem Opportunity Map (SOM)

3. Market Dynamics, Regulations, and Trends Analysis
• Market Dynamics
- Drivers
- Restraints
- Market Opportunities
• Impact Analysis
• Industry Trends
• Regulatory Scenario
• Acquisitions, Partnerships & Agreements
• Brand Analysis
• Pricing Analysis
• Epidemiology
• Porter's Analysis
• Value Chain Analysis
• Supply Chain Analysis
• Distribution Landscape

4. Roofing Materials Market - Impact of Coronavirus (Covid-19) Pandemic
• COVID-19 Epidemiology
• Overall Impact on this Sector
• Impact of COVID-19 on Supply and Demand

5. Roofing Materials Market, By Product Type, 2024-2031 (US$ Million)
• Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2024 - 2031
- Segment Trends

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