Rising Construction Demand Fuels Growth In The Asphalt Shingles: Strategic Insights Driving Asphalt Shingles Market Momentum in 2025

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How Large Will the Asphalt Shingles Market Size By 2025?
The size of the asphalt shingles market has seen a constant increase over recent times. It is projected to escalate from $7.22 billion in 2024 to $7.51 billion in 2025, progressing at a compound annual growth rate (CAGR) of 4.1%. The key factors contributing to this growth during the historic period include the surge in housing constructions, the trend towards suburbanization, and the durability and cost-effectiveness of the product, in addition to and renovation and replacement demands.

How Big Is the Asphalt Shingles Market Size Expected to Grow by 2029?
The market size of asphalt shingles is predicted to experience a steady increase in the forthcoming years. It is anticipated to reach a valuation of $8.91 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.3%. The expansion during the projected timeframe could be due to factors such as sustainable and green construction, intense climatic conditions, residential and commercial construction, and the adoption of solar-ready shingles. Key trends during the prediction period include advancements in technology, the emergence of cool roofing, innovative architectural shingle designs, and the introduction of smart roofing.

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Which Key Market Drivers Powering Asphalt Shingles Market Expansion and Growth?
The growth of the asphalt shingles market is anticipated to increase due to the escalating demands associated with construction activities. Such activities pertain to the operations tied to erecting buildings and infrastructures. In the construction of buildings, asphalt shingles, which are popular roofing materials, enhance the traits and aesthetics of the infrastructure. As per a report by Atradius Collections, a leading agency from the Netherlands specializing in commercial debt collection, the global construction output is predicted to rise by 3.2% come November 2023. However, the growth in residential construction is pegged at a mere 1.1% in 2023 before slightly reducing to 0.6% in 2024. As a result, the escalating demand for construction activities is fueling the expansion of the asphalt shingles market. Asphalt Shingles Market Driver: Intense Weather Conditions Propel the Growth of Asphalt Shingles Market

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Which Fast-Growing Trends Are Poised to Disrupt the Asphalt Shingles Market?
Leading businesses in the asphalt shingles market are introducing innovative products like laminated shingles to cater to customer requirements. Laminated, dimensional, or architectural shingles are a variety of roofing materials used in construction, offering enhanced aesthetics and durability compared to the conventional three-tab asphalt shingles. For instance, in March 2023, Pinnacle, a line of architectural shingles was launched by Atlas Roofing Corporation, a construction material manufacturing organization based in the US. These shingles are engineered to reflect solar radiation off the roof, thereby reducing heat penetration into the building. This reflective feature reduces the necessity for air conditioning and improves the overall energy efficiency of the house. Pinnacle Sun shingles are particularly beneficial in areas requiring cooling all year round, as they provide cool-roofing solutions that assist in lowering indoor air temperatures.

What Are the Emerging Segments in the Asphalt Shingles Market?
The asphalt shingles market covered in this report is segmented -

1) By Product Type: Dimensional Shingles, High-Performance Laminated Shingles, Three-Tab Shingles
2) By Composition: Organic Asphalt Shingles, Fiberglass Asphalt Shingles
3) By Application: Residential, Commercial

Subsegments:
1) By Dimensional Shingles: Architectural Shingles, Premium Laminated Shingles
2) By High-Performance Laminated Shingles: Impact-Resistant Shingles, Energy-Efficient Shingles
3) By Three-Tab Shingles: Standard Three-Tab Shingles, Lightweight Three-Tab Shingles

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Who Are the Global Leaders in the Asphalt Shingles Market?
Major companies operating in the asphalt shingles market are Sika AG, Owens Corning Inc., Carlisle Companies Inc., Wienerberger AG, Soprema Group, Mueller Inc., Johns Manville Corporation, BMI Group, Braas Monier Building Group SA, Certain Teed Corporation, GAF Materials Corporation, IKO Industries Ltd., Atlas Roofing Corporation, Holcim Building Envelope, TAMKO Building Products Inc., Henry Company LLC, Malarkey Roofing Products Co., Building Products of Canada Corp., Siplast Inc., Englert Inc., Polyglass U.S.A Inc., Marley Eternit Ltd., Versico Roofing Systems Inc., Canroof Corporation Inc., TARCO Roofing Materials Inc., SaintGobain SA, DECRA Roofing Systems Inc., PABCO Building Products LLC, Ruberoid Team AG, Premier Building Systems.

Which are the Top Profitable Regional Markets for the Asphalt Shingles Industry?
North America was the largest region in the asphalt shingles market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in asphalt shingles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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