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Roofing Materials Market Analysis

  • Report ID: GMI1335
  • Published Date: Apr 2023
  • Report Format: PDF

Roofing Materials Market Analysis

The metal roofing materials market is projected to cross a valuation of USD 20 billion by 2032. These materials comprise all sorts of metals, including tin, copper, steel, zinc, and aluminum, used in shingles, roofing tiles and shakes. Metal roofing materials have superior fire resistance, are lightweight, and require relatively lesser installation time than their counterparts. Besides, their longevity and the ability to reflect heat from the sun help homeowners save significantly on energy bills and tax credits, bolstering their demand during 2023-2032.

Roofing Materials Market Size, By Type of Construction

The reroofing segment is expected to be worth more than USD 90 billion by 2032. The increasing focus on enhancing aesthetics and ambiance through modern designs and textures has resulted in a surge in restoration and renovation projects. This can be credited to the consistent rise in disposable incomes and positive economic outlook across several economies. Nevertheless, the rapid integration of advanced renovation techniques will further facilitate market expansion by 2032.

Roofing Materials Market Size, By Application

The residential sector is expected to expand at 4% growth rate through 2032. The rapid growth in the construction of residential establishments, such as private dwellings or individual houses, due to continued demand for housing may drive the roofing materials market revenues. Governments in the numerous economies have introduced several flagship initiatives to boost residential construction.

Global Roofing Materials Market Size, By Region

Asia Pacific roofing materials market is slated to attain 4.5% gains between 2023 and 2032. The increasing infrastructure investments in countries such as Japan, India, and China and the subsequent rise in the construction of residential and non-residential buildings will fuel the regional industry. Besides, the growing collaborations and strategic interactions related to infrastructure development among several regional and global economies will augment the regional demand for roofing materials.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of roofing materials exceeded USD 125 billion in 2022 and is expected to expand at around 4% CAGR from 2023 to 2032, owing to the rapid surge in construction projects globally.

The metal roofing materials segment is anticipated to cross USD 20 billion by 2032 due to the exceptional longevity, fire resistance, and superior energy-efficient characteristics of metal roofs.

The reroofing segment is expected to garner revenues worth over USD 90 billion by 2032, credited to the accelerating inclination toward home aesthetics and a considerable rise in household incomes.

Major roofing materials industry participants are Carlisle Companies, Johns Manville, Bansal Roofing Products Limited, CertainTeed, IKO Industries, Ltd, Owens Corning, Atlas Roofing Corporation, Etex Group, Braas Monier Building Group, TAMKO Building Products LLC, and others.

Roofing Materials Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 271
  • Countries covered: 23
  • Pages: 219
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