Asphalt Shingles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Asphalt roof shingles are the most popular roofing material used on homes globally and with good reason. They are designed to protect a home through decades of weathering with minimal upkeep, and are available in hundreds of colors and styles. An asphalt shingle is a type of waterproof roofing material. Rising demand of asphalt shingles in diversified application bases is expected to stipulate the growth of the market.

MARKET DYNAMICS

The asphalt shingles market has witnessed a significant growth owing to factors such as increase in demand for advanced roofing. Moreover, strict rules framed by ASTM International is expected to promote the use of sustainable building materials, which is considered a huge market opportunity for the key players operating in the asphalt shingles market. However, volatility of raw material is projected to hamper the overall growth of the asphalt shingles market.

MARKET SCOPE

The "Global Asphalt Shingles Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Asphalt Shingles market with detailed market segmentation by product, composition and application and geography. The global Asphalt Shingles market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Asphalt Shingles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global asphalt shingles market is segmented on the basis of product, composition and application. On the basis of product, the asphalt shingles market is segmented into dimensional shingles, high-performance laminated shingles and three-tab shingles. Based on composition, the global asphalt shingles market is divided organic asphalt shingles and fiberglass asphalt shingles. Based on application, the global asphalt shingles market is divided new construction and re-roofing.


REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Asphalt Shingles market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Asphalt Shingles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Asphalt Shingles market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Asphalt Shingles market in these regions.

Asphalt Shingles Market Report Analysis

Asphalt Shingles Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Atlas Roofing Corporation
• Certain Teed Corporation
• Henry Company LLC
• IKO Industries, Ltd.
• Malarkey Roofing Products
• Owens Corning
• Polyglass U.S.A., Inc.
• Siplast, Inc.
• TAMKO Building Products, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Dimensional Shingles
• High-Performance Laminated Shingles
• Three-Tab Shingles

By Composition

• Organic Asphalt Shingles
• Fiberglass Asphalt Shingles

By Application

• New Construction
• Re-Roofing

MARKET PLAYERS

The reports cover key developments in the Asphalt Shingles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The marketpayers fromAsphalt Shingles market is anticipated to lucrative growth opportunities in the future with the rising demand for Asphalt Shingles in the global market. Below mentioned is the list of few companies engaged in the Asphalt Shingles market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Asphalt Shingles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ATAS International Inc.
  
•   CertainTeed Corporation
  
•   GAF Materials Corporation
  
•   Henry Company
  
•   IKO Industries Ltd.
  
•   Malarkey Roofing
  
•   Owens Corning
  
•   PABCO Building Products, LLC.
  
•   Polyglass S.p.A
  
•   Tamko Building Products, Inc.
  
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Asphalt Shingles Market Report Scope