The latest report published by IMARC Group, titled “Roofing Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on roofing materials market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global roofing materials market size reached US$ 129.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 168.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.55% during 2023-2028.
Roofing materials are essential components in the construction industry, playing a pivotal role in providing protection and structural integrity to buildings. These materials encompass a diverse range of options used to create roofs that are both functional and aesthetically appealing. They are specifically engineered to withstand various weather conditions, ensuring the durability and longevity of roofs. Roofing materials include a variety of options such as asphalt shingles, metal roofing, clay tiles, concrete tiles, slate, and wood shakes. Each type possesses distinct characteristics, influencing factors such as energy efficiency, cost-effectiveness, and architectural style. As a result, roofing materials are customized to cater to the demands of diverse construction projects, ranging from residential homes to commercial complexes and industrial facilities.
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Market Trends:
One of the primary catalysts propelling market growth is the burgeoning construction industry. As urbanization accelerates across the world, there is an escalating demand for modern infrastructure, including residential and commercial spaces. This rise in construction activities has translated into an increased need for roofing materials that offer superior durability, longevity, and aesthetic versatility. Furthermore, the growing awareness of environmental sustainability is influencing market trends, akin to the shift towards eco-friendly degreasers. Roofing materials with eco-conscious attributes, such as energy-efficient designs and recyclable components, are gaining traction due to both regulatory mandates and consumer preferences for environmentally responsible solutions.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Atlas Roofing Corporation (Hood Companies Inc.)
- Boral Roofing LLC (Boral Industries Inc.)
- Carlisle Companies Inc.
- CertainTeed Corporation
- Crown Building Products LLC
- CSR Limited
- Eagle Roofing
- Etex
- GAF (Standard Industries Inc.)
- Johns Manville (Berkshire Hathaway Inc.)
- North American Roofing Services Inc
- Owens Corning
- TAMKO Building Products LLC
- Wienerberger AG
Roofing Materials Market Segmentation:
Our report has categorized the market based on region, product, construction type and application.
Breakup by Product:
- Asphalt Shingles
- Concrete and Clay Tiles
- Metal Roofs
- Plastics
- Others
Breakup by Construction Type:
- New Construction
- Reroofing
Breakup by Application:
- Residential
- Non-Residential
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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