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Roofing Materials Market Size

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

Roofing Materials Market Size

Roofing Materials Market size surpassed USD 125 billion in 2022 and is slated to witness 4% CAGR from 2023 to 2032, backed by the surging infrastructure investments and the flourishing construction sector globally.


The constant growth in world population and the accelerating pace of urbanization have pushed the demand for adequate housing and commercial spaces across developed as well as developing economies. As a result, governments and regulatory bodies have been investing heavily on developing infrastructure to suffice the growing demand. The roofing materials market players are actively exploring opportunities to accelerate industry presence and profitability in this growing sector through strategic partnerships and acquisitions.


For instance, according to IBEF, the Government of India, through the National Infrastructure Pipeline (NIP), intends to expend a sum of US$ 1.4 trillion on infrastructure projects from 2019 to 2023 and announced US$ 9.85 billion to the Ministry of Housing and Urban Affairs in the budget 2022-23. Although fluctuating prices of raw materials and stringent building safety norms may hamper the industry revenue streams, the ongoing expansion of the real estate sector is poised to create a favorable growth in the industry outlook by 2032.

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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