Roofing Materials Market Size, Growth Strategies, Trends, Analysis and Forecast 2024-2032

The latest report by IMARC Group, titled "Roofing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," offers a comprehensive analysis of the roofing materials market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global roofing materials market size reached US$ 135.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 192.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.

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Roofing Materials Market Trends:

The market is primarily driven by the growing construction industry worldwide. In line with this, the increasing focus on energy-efficient buildings and the rising demand for sustainable roofing solutions are also providing an impetus to the market. Moreover, the advancements in roofing materials technology, leading to the development of durable and cost-effective products, are also acting as significant growth-inducing factors for the market. In addition to this, the rising awareness about the benefits of cool roofs and green roofing systems is resulting in higher adoption rates.

Besides this, the emergence of innovative installation techniques and materials is creating lucrative opportunities in the market. Also, the influence of favorable building codes and regulations promoting the use of advanced roofing solutions is impacting the market positively. The market is further driven by the implementation of various government initiatives aimed at renovating and upgrading existing infrastructure.

Roofing Materials Market Scope and Growth Analysis:

The scope of the global market is expanding as the demand for aesthetically pleasing and high-performance roofing materials increases. Additionally, the focus on reducing the carbon footprint of buildings through innovative roofing solutions is broadening the market's potential. As per the market analysis, the trend towards the integration of solar panels and other renewable energy systems with roofing materials is significantly enhancing market scope.

Furthermore, the growth of the renovation and remodeling sector, driven by aging building stock, is contributing to market expansion. Besides this, the increasing popularity of smart roofing systems that offer benefits such as real-time monitoring and energy efficiency is fostering market growth. The market scope is further extended by the rising demand for roofing materials in emerging economies with rapid urbanization. Lastly, the development of eco-friendly and recyclable roofing materials by manufacturers is driving the market's expansion.

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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 (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.