Industry Overview:
The latest report by IMARC Group, titled “Roofing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Roofing Materials Market Growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global roofing materials market size reached a value of US$ 124.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 161.1 Billion by 2027, exhibiting a CAGR of 4.51% during 2022-2027. Roofing materials offer shelter and protection against harsh environmental conditions. They comprise felt, drain, sheet, slate, grout, gravel, gutter, copper, base ply, coating, flashing, fasteners, insulation, joint tape, ridge cap, downspout, closure strip, underlayment, plastic cement, and asphalt shingles. Nowadays, leading manufacturers are introducing advanced roofing materials that are economical and effective in wet and windy regions.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Roofing Materials Market Trends:
Due to the growing global population and inflating income levels, there is a considerable rise in the need for housing units, especially in the urban region. This represents one of the key factors strengthening the growth of the market. Moreover, the increasing demand for commercial and retail spaces is positively influencing the demand for roofing materials around the world. Apart from this, governing agencies of several countries are investing in improving the infrastructure of schools, urban transport, and healthcare institutions. They are also renovating and redeveloping the existing infrastructure, which is impelling the growth of the market. Furthermore, rising environmental concerns and increasing focus on sustainable buildings are resulting in the growing traction of green roofs across the globe. These roofs are covered with plants, have a longer lifespan and aid in enhancing the air quality and minimizing water runoff. Besides this, key market players are providing durable and easy-to-install roofing materials in varying grades and thicknesses, which is propelling the market growth.
Global Roofing Materials Industry 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- 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
Our report has categorized the market based on product, construction type and application.
Breakup by Product:
- Asphalt Shingles
- Concrete and Clay Tiles
- Metal Roofs
- Plastics
- Others
On the basis of the product, the market has been segmented into asphalt shingles, concrete and clay tiles, metal roofs, plastics, and others.
By Construction Type:
- New Construction
- Reroofing
Breakup by Application:
- Residential
- Non-Residential
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)
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others); and Middle East and Africa.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
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