Global Roofing Materials Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Chemical and MaterialPublished Date : June 6th, 2018
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The global roofing materials market is expected to witness a CAGR of 3.13% and is projected to reach USD 138.91 billion by 2024. Rise in demand for energy efficient roofs has given impetus to the market. Moreover, growth in construction industry and urbanization of rural areas is expected to drive the growth of this market in the coming years.

The years used for the assessment are as follows;

  • Historical year : 2014, 2015 and 2016
  • Base year      : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total roofing materials market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the roofing materials market
  • Finalizing the overall size and share for the global roofing materials market 

OBJECTIVES:

  • To classify the global roofing materials market into segments by product type, application, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the roofing materials market.
  • Profiling key companies operating in the global roofing materials market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global roofing materials market is as follows:

By Product Type

  • Metal roofs
  • Asphalt shingles
  • Tile roofs
  • Slate roofs
  • Liquid roofing
  • Others

By Application

  • Residential
  • Non-Residential

Region                                                                                                                                                                                     

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Central and South America

The global roofing materials market is expected to witness a CAGR of 3.13% and is projected to reach USD 138.91 billion by 2024. Rise in demand for energy efficient roofs has given impetus to the market. Moreover, growth in construction industry and urbanization of rural areas is expected to drive the growth of this market in the coming years.

Roofing materials for a building is chosen on the basis of its durability, longevity, aesthetic value, cost effectiveness, slope of the roof, and ease in installation. Additionally, customers are opting for eco-friendly and energy efficient roofing materials. These materials reflect sun rays and absorb less heat in order to save energy spent on air conditioning. Furthermore, envisioned as a step towards greener buildings, green roofing is incentivized by several governments in the form of subsidies and tax incentives.

The growth in construction industry compliments the growth of roofing materials market. Residential buildings mostly employ the use of shingles, whereas metal roofs are more suited for pre-engineered non-residential buildings. The growth in the market is also driven by re-roofing application in urban and rural areas. Moreover, new innovations like the Tesla glass solar tiles can generate electricity from sunlight and are extremely durable.

Asia Pacific held the largest market share of the global market in 2017. Roofing materials market has gained fast traction in this region owing to APAC holding the largest share of the global construction industry. China, India and Japan hold the major share of the market in this region. Urbanization of rural areas along with demand for residential accommodations catering to increasing population is expected to continue to propel the growth of this market in this region. North America held the second largest market globally in 2017. The most commonly used roofing materials in this region were asphalt shingles.

The key players of this market are 3M; The Dow Chemical Company; GAF; Owens Corning; North American Roofing Services, Inc.; Etex; Atlas Roofing Corporation; TAMKO Buildings Products, Inc.; Johns Manville; and CertainTeed among others.

roofing materials market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Roofing Materials- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the roofing materials market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Opportunities

  3.5.1.1. Solar roof tiles as a roofing material

  3.5.1.2. Reflective cool roofs for energy saving

3.5.2. Trends

           3.5.2.1. Eco-friendly material being used for roofing

3.6. Market Dynamics

3.6.1. Growth Drivers

   3.6.1.1. Growth in construction industry and urbanization of rural areas

   3.6.1.2. Demand for energy efficient roofs

3.6.2. Restraints of the Market

           3.6.2.1. High manufacturing and installation cost

CHAPTER 4. Global Roofing Materials Market Size and Forecast (2014 – 2024) (USD Million)(Million Sq Mtr)

4.1. Global Roofing Materials Market, By Product Type (USD Million)(Million Sq Mtr)

4.1.1. Metal roofs

4.1.2. Shingles

4.1.3. Tile roofs

4.1.4. Slate roofs

4.1.5. Liquid Roofing

4.1.6. Others

4.2. Global Roofing Materials Market, By Application (USD Million)(Million Sq Mtr)

4.2.1. Residential

4.2.2. Non-Residential

CHAPTER 5. Global Roofing Materials Market Size & Forecast, By Region

5.1. North America Roofing Materials Market (USD Million)(Million Sq Mtr)

5.1.1. North America Roofing Materials Market , By Product Type (USD Million)(Million Sq Mtr)

5.1.2. North America Roofing Materials Market , By Application (USD Million)(Million Sq Mtr)

5.1.3. North America Roofing Materials Market , By Country (USD Million)(Million Sq Mtr)

  5.1.3.1. U.S.

  5.1.3.2. Canada

  5.1.3.3. Mexico

5.2. Europe Roofing Materials Market (USD Million)(Million Sq Mtr)

5.2.1. Europe Roofing Materials Market, By Product Type (USD Million)(Million Sq Mtr)

5.2.2. Europe Roofing Materials Market, By Application (USD Million) (Million Sq Mtr)

5.2.3. Europe Roofing Materials Market, By Country (USD Million) (Million Sq Mtr)

   5.2.3.1. Germany

   5.2.3.2. United Kingdom

   5.2.3.3. Russia

   5.2.3.4. France

   5.2.3.5. Italy

   5.2.3.6. Sweden

   5.2.3.7. Rest of Europe

5.3. Asia-Pacific Roofing Materials Market (USD Million) (Million Sq Mtr)

5.3.1. Asia-Pacific Roofing Materials Market, By Product Type (USD Million) (Million Sq Mtr)

5.3.2. Asia-Pacific Roofing Materials Market, By Application (USD Million) (Million Sq Mtr)

5.3.3. Asia-Pacific Roofing Materials Market, By Country (USD Million) (Million Sq Mtr)

  5.3.3.1. India

  5.3.3.2. China

  5.3.3.3. Japan

  5.3.3.4. South Korea

  5.3.3.5. Australia

  5.3.3.6. Rest of Asia-Pacific

5.4. Middle East and Africa Roofing Materials Market (USD Million) (Million Sq Mtr)

5.4.1. Middle East and Africa Roofing Materials Market, By Product Type (USD Million) (Million Sq Mtr)

5.4.2. Middle East and Africa Roofing Materials Market, By Application (USD Million) (Million Sq Mtr)

5.4.3. Middle East and Africa Roofing Materials Market, By Region (USD Million) (Million Sq Mtr)

5.4.3.1. Saudi Arabia

5.4.3.2. Egypt

5.4.3.3. United Arab Emirates

5.4.3.4. South Africa

5.4.3.5. Rest of Middle East and Africa

5.5. Central and South America Roofing Materials Market (USD Million) (Million Sq Mtr)

5.5.1. Central and South America Roofing Materials Market, By Product Type (USD Million) (Million Sq Mtr)

5.5.2. Central and South America Roofing Materials Market, By Application (USD Million) (Million Sq Mtr)

5.5.3. Central and South America Roofing Materials Market, By Country (USD Million) (Million Sq Mtr)

   5.5.3.1. Brazil

   5.5.3.2. Argentina

   5.5.3.3. Chile

   5.5.3.4. Rest of Central and South America

CHAPTER 6. Key Players and Strategic Developments

6.1. 3M

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. The Dow Chemical Company

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. GAF

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Owens Corning

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. North American Roofing Services, Inc.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. Etex

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Atlas Roofing Corporation

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. TAMKO Building Products, Inc.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Johns Manville

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. CertainTeed

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

Global Roofing Materials Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024