Roofing Materials Market Size By Material (Bituminous, Concrete & Clay Tiles, Metal, Elastomer, Plastics), By Type Of Construction (New Construction, Reroofing), By Application (Residential, Non Residential), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Published Date: Mar 2021  |  Report ID: GMI1335  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 205   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Roofing Materials Market size exceeded USD 118 billion in 2020 and is projected to witness over 4.4% CAGR from 2021 to 2027. The market will showcase significant reroofing activities across the globe along with growing residential construction projects in emerging economies. The proliferating industrialization in emerging economies and the large migration from rural areas to the urban spaces are boosting demand for housing, thereby supporting the market growth.
 

Roofing Materials Market Overview

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Roofing materials are materials used in the outmost layer on the roof of home or commercial & industrial space. A wide range of materials used in the process are bituminous, concrete & clay tiles, metal, elastomers, and plastics, among others. The materials offer a wide range of advantages to the structure including temperature maintenance, water proofing, etc.
 

Rising disposable income, easy availability of loans, and increased affordability have led homeowners to spend more on refurbishment and renovation projects. The growing interest of consumers toward renovation of houses and enhancing the aesthetics of living structures provided opportunities for rising sales of products. Furthermore, stringent energy-efficient home regulations and growing interest of customers in green building solutions will support product penetration during the forecast timeframe.
 

The growing consumer awareness about energy-efficient roofing solutions along with rising R&D activities by several manufacturers to augment energy-efficient ratings of their products will further drive the product demand.
 

The COVID-19 pandemic has adversely affected the construction industry across the globe. The first half of FY2020 was a major setback to the construction sector, and countrywide lockdown and halt of major commercial and residential construction projects showcased exponential decline in the sales of roofing materials.
 

Roofing Materials Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:118.27 Billion (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:4.4%
2027 Value Projection:159.17 Billion (USD)
Historical Data for:2017 to 2020
No. of Pages:205
Tables, Charts & Figures:252
Segments covered:Owens Corning, CertainTeed Corporation, Atlas Roofing Materials Corporation, Johns Manville, Braas Monier Building Group, IKO Industries Ltd, TAMKO Building Products LLC, GAF Materials Corporation, Carlisle Companies Inc., Boral Ltd, Fletcher Building, Etex, Icopal Holding Aps, North American Roofing
Growth Drivers:
  • Increasing demand for reroofing activities in North America & Europe
  • Proliferating residential sector in Asia Pacific
Pitfalls & Challenges:
  • Price fluctuation and waste generation

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Bituminous material dominates the market revenue owing to durability and economic choice

Bituminous roofing materials market will account for 50% of the revenue share in 2027. Bituminous materials, such as asphalt shingles, are the most common and preferred material choice in North America and Asia Pacific. Around 70% of roofs in the U.S. are using asphalt shingles. A wide range of product availability, durability, high fire and wind resistance, and good aesthetics are among the major advantages offered by the asphalt shingles. Further development of new asphalt shingles that withstand high impact are further supporting the material demand.
 

New residential construction projects across the globe are supporting the product adoption

Roofing Materials Market Size

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New construction activities in the roofing materials market are expected to observe around 4.8% growth rate till 2027 led by growing industrialization in emerging countries and rapid urbanization. Several economies, such as India, Brazil, and others, are supporting the residential construction sector with customer-centric policies and launch of affordable housing schemes. Further, the easy availability of finance and increasing disposable income of middle-class families across the globe are impelling the materials demand.
 

The non-residential application is predicted to reach USD 63.65 billion by 2027. The growing commercial spaces in emerging economies, rapid industrialization, development of new institutes, and supporting policies of emerging economies for FDI in several sectors are fostering the non-residential segment. The establishment of new automotive manufacturing facilities in Europe and the requirement of metal roofing products for these factories will further support the segment growth.
 

Asia Pacific region will spur the market demand

Asia Pacific Roofing Materials Market

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Asia Pacific roofing materials market captured 38% of revenue shares in 2020. The dominance is attributed to strong economic growth of region. Presence of several product manufacturers along with the large population of region are driving the product growth. The region accounts for around 60% of the world’s population along with manufacturing hub for electronics and automotive industry. Further growing disposable income and booming residential sector across India, Indonesia, South Korea, and China are fueling the industry growth.
 

R&D investment, product launch, and establishment of new facilities are among key initiatives for enhancing competitiveness of industry

Key players operating in the market include CertainTeed Corporation, Owens Corning, Atlas Roofing Materials Corporation, TAMKO Building Products LLC, Johns Manville, Braas Monier Building Group, IKO Industries Ltd, among others. Companies are engaged in R&D investments, product launch, and planning to establish new production facilities to influence their market shares.
 

This market research report on roofing materials includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square foot & revenue in USD billion from 2017 to 2027 for the following segments:

Market, By Material (Million Square Foot) (USD Billion)

  • Bituminous
  • Concrete & clay tile
  • Metal
  • Elastomer
  • Plastics
  • Others

Market, By Type Of Construction (Million Square Foot) (USD Billion)

  • New construction
  • Reroofing

Market, By Type Application (Million Square Foot) (USD Billion)

  • Residential
  • Non residential

Market, By Region (Million Square Foot) (USD Billion)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Belgium
    • Netherlands
    • Russia
  • Asia pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

 

Frequently Asked Questions (FAQ) :

The global market for roofing materials had surpassed USD 118 billion in 2020 and will record around 4.4% CAGR up to 2027 with increased spending on reroofing projects.
The bituminous material segment is anticipated to hold more than 50% share of the total industry by 2027, owing to key advantages like better durability as well as robust wind and fire resistance.
The market share from new construction applications is projected to register nearly 4.8% CAGR between 2021-2027, due to significant infrastructure spending across emerging economies.
Global roofing materials market share from non-residential construction segment is projected to hit nearly USD 63.65 billion by the end of 2027.

Premium Report Details

  • Published Date: Mar 2021
  • Pages: 205
  • Tables: 232
  • Charts / Figures: 20
  • Companies covered: 13
  • Countries covered: 23

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