Global Roofing Materials Market is valued approximately at USD 115 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2020-2027. Roofing Materials are used to provide protection to the structure from above by strengthening it with the materials like silicate or metal, they must satisfy the technical and economic requirement of the structure. Emerging economies are witnessing government and institutional support for the development of housing infrastructure which is going to boost the demand. Easy credit availability is also boosting the demand for housing infrastructure. Due to advantages like fire resistance and superior lifespan metal roofs are in demand for new construction and plastic roofs are preferred for easy installation and low maintenance. In the year 2019 metal roofs held a share of 23.6% of the overall market in value terms. Plastic roof segment is also expected to register the CAGR of 2% over the forecast period. In the year 2019 residential application held the share of over 50% in terms of revenue generation. However, high manufacturing costs of metal roofs and lack of skilled labor impedes the growth of the market over the forecast period of 2020-2027. Also, developing countries in Asia, Latin America and Africa are going rapid industrialization and urbanization which is likely to increase the market growth during the forecast period.
The regional analysis of global Roofing Materials market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. U.S. is the leading/significant region across the world in terms of market share owing to residential housing construction activities and increase in demand for office spaces. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid growth in industrialization and housing infrastructure would create lucrative growth prospects for the Roofing Materials market across Asia-Pacific region.
Major market player included in this report are:
GAF Materials Corporation
Atlas Roofing Corporation
Carlisle Companies Inc.
Braas Monier Building Group
TAMKO Building Products Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Concrete & Clay Tiles
Metal Roof and
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Roofing Materials Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers