Roofing Market Trends, Size, Analysis, Top Players 2021-2031
The roofing market size is projected to reach US$ 379.33 billion by 2031 from US$ 267.35 billion in 2023. The market is expected to register a CAGR of 4.5% during 2023–2031. The influence of the green roofing approach in the flourishing residential construction industry is likely to remain a key roofing market trend.
Roofing Market Analysis
With the surge in urbanization and infrastructure development, the construction sector increasingly creates a demand for roofing systems such as asphalt shingles, metal roofing, clay roofing, concrete tiles, slate tiles, wood shakes, and rubber or plastic tiles. Roofing is an integral part of buildings. A roof in good condition protects buildings from unforeseen situations. Roofing requirements in construction projects revolve around the need for optimal safety. Government bodies in various countries take initiatives to back the development of the residential construction sector.
Roofing Market Overview
The roofing business is a dynamic and expanding segment of the construction industry, driven by increasing urbanization, infrastructural development, and rising demand for residential and commercial buildings. As cities expand and new residential and commercial buildings are constructed, the need for reliable roofing solutions becomes critical. The roofing market has seen significant growth in recent years due to a surge in construction activities worldwide, supported by residential and commercial real estate developments. This growth is further fueled by the availability of technologically advanced materials that enhance the durability, energy efficiency, and aesthetic appeal of roofing systems. With the rising awareness of environmental issues and energy conservation, there is a notable shift toward cool roofs and green roofs, which help lower energy consumption and carbon footprints. Additionally, innovations in roofing technologies such as reflective coatings and advanced insulation materials, are gaining traction for their benefits in improving building performance and reducing operational costs.
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Roofing Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
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Roofing Market Drivers and Opportunities
Growing Renovation and Remodeling Activities Favor Market Growth
Renovation involves reconstructing infrastructural facilities with state-of-the-art construction materials to promote structural properties, improve lifespan, and minimize environmental impact. Renovation and remodeling activities help align infrastructural facilities with present and future needs. Rapid urbanization propels the demand for better residential and commercial facilities, leading to the rise in home improvement budgets. According to information provided by the 2022 US Houzz and Home Study, the median spending of homeowners rose by 20% from US$ 15,000 in 2020 to US$ 18,000 in 2021. As per the data published by the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending in the US increased from US$ 328 billion in 2019 to US$ 472 billion in 2022; it is further estimated to surge to US$ 485 billion in 2024. In Europe, renovation activities represent 30% of total investment in construction, as stated by the European Construction Industry Federation (FIEC). The demand for roofing materials ultimately surges with an increase in renovation and remodeling activities.
Rising Popularity of Solar Roofs to Create Growth Opportunities in Future
Societies worldwide grapple with the urgent need to transition toward renewable energy sources and mitigate the consequences of climate change, and solar power has been emerging as a frontrunner among all renewable sources due to the abundance and accessibility of solar energy in many parts of the world, along with the environmental benefits associated with its usage. According to the US Energy Information Administration, the overall share of renewable energy in total electricity generation is expected to rise to 26% by the end of 2025. In contrast, the share of natural gas would drop from 42% in 2023 to 41% by 2025. The surging use of solar energy is revolutionizing the building and construction landscape. The demand for innovative solutions such as solar roofs to seamlessly integrate solar technology into building structures is rising across the construction industry. The building and construction sector contributes notably to global climate change, accounting for ~21% of global greenhouse gas emissions. As per data published by the UN Environment Programme (UNEP) 2022, buildings were responsible for 34% of global energy demand and 37% of energy and process-related carbon dioxide emissions. The rising concerns about greenhouse gas emissions have added to the popularity of energy-efficient buildings, which is likely to propel the demand for green roofs in the coming years.
Roofing Market Report Segmentation Analysis
Key segments that contributed to the derivation of the roofing market analysis are material, type, and end use.
- Based on material, the market is segmented into asphalt, metal, clay, concrete, plastic, and others. The metal segment held the largest share of the market in 2023.
- In terms of type, the market is segmented into shingles, tiles, and sheets. The tiles segment held the largest share of the market in 2023.
- By end use, the roofing market is divided into residential, commercial, industrial, and institutional and others. The residential segment held the largest market share in 2023.
Roofing Market Share Analysis by Geography
The geographic scope of the roofing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific dominates the market with the largest revenue share. The roofing market in Asia Pacific is consistently growing with significantly increasing investments in residential and commercial construction across major countries such as China, India, and Japan. The rising demand for infrastructure development with rapid urbanization and industrialization compel governments of developing economies to raise investments in the building and construction industries, along with the businesses complementing these industries. The construction industry is anticipated to expand considerably due to growing disposable income in developing economies. In China, the total investment in infrastructure during the 14th Five-Year Plan period (2021–2025) is predicted to reach ~US$ 4.2 trillion as per the International Trade Administration.
Roofing Market Report Scope
Roofing Market News and Recent Developments
The roofing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the roofing market are listed below:
- Russell Roof Tiles (RRT), a concrete roof tile manufacturer, has announced an £18.5 million (US$ 22.8 million) investment in a new factory, doubling output at its Burton site. The company supplies products for housebuilders, and high-profile social housing and commercial projects. It produces thousands of concrete roof tiles and accessories used on roofs every week. The expansion will help Russell Roof Tiles meet the burgeoning demand for its products to satisfy the UK's house-building industry. The new project at the Burton site represents a multinational coordination of suppliers from Sweden, Denmark, Germany, and British suppliers. The investment will create 25–30 skilled and semi-skilled jobs in engineering and maintenance. (Source: Russell Building Products Limited, Press Release, May 2023)
Roofing Market Report Coverage and Deliverables
The "Roofing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Roofing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Roofing market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Roofing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the roofing market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is estimated to register a CAGR of 4.5% during 2023–2031.
The market is projected to reach US$ 379.33 billion by 2031.
The increasing focus on green roofing is emerging as a significant trend in the market.
JSW Steel Ltd, Hindalco Industries Ltd, Siam Cement PCL, PT Utomodeck Metal Works, Hangzhou Singer Building Materials Co Ltd, Holcim Ltd, Compagnie de Saint Gobain SA, Owens Corning, Everest Industries Ltd, TAMKO Building Products LLC, GAF Inc, Roofseal (M) Sdn Bhd, Atlas Roofing Corp, Maruhachi Ceramics of America Inc, and Union Galvasteel Corp are a few of the key players operating in the roofing market.
The rising demand from residential and commercial sectors drives the market growth.
Asia Pacific dominated the market in 2023.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Roofing Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis: Roofing Market
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 Buyers
4.3.5 End Use
4.3.6 List of Vendors in the Value Chain
5. Roofing Market – Key Market Dynamics
5.1 Roofing Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Robust Growth of Residential Construction Industry
5.2.2 Surge in Renovation and Remodeling Activities
5.3 Market Restraints
5.3.1 Volatility of Raw Material Prices
5.4 Market Opportunities
5.4.1 Rising Popularity of Solar Roofs
5.5 Future Trends
5.5.1 Green Roofing
5.6 Impact of Drivers and Restraints:
6. Roofing Market – Global Market Analysis
6.1 Roofing Market Revenue (US$ Billion), 2021–2031
6.2 Roofing Market Forecast Analysis
7. Roofing Market Analysis – by Material
7.1 Asphalt
7.1.1 Overview
7.1.2 Asphalt: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
7.2 Metal
7.2.1 Overview
7.2.2 Metal: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
7.3 Clay
7.3.1 Overview
7.3.2 Clay: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
7.4 Concrete
7.4.1 Overview
7.4.2 Concrete: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
7.5 Plastic
7.5.1 Overview
7.5.2 Plastic: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
7.6 Others
7.6.1 Overview
7.6.2 Others: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
8. Roofing Market Analysis – by Type
8.1 Shingles
8.1.1 Overview
8.1.2 Shingles: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
8.2 Tiles
8.2.1 Overview
8.2.2 Tiles: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
8.3 Sheets
8.3.1 Overview
8.3.2 Sheets: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
9. Roofing Market Analysis – by End Use
9.1 Residential
9.1.1 Overview
9.1.2 Residential: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
9.4 Institutional and Others
9.4.1 Overview
9.4.2 Institutional and Others: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10. Roofing Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Roofing Market Overview
10.2.2 North America: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.2.3 North America: Roofing Market Breakdown, by Material
10.2.3.1 North America: Roofing Market – Revenue and Forecast Analysis – by Material
10.2.4 North America: Roofing Market Breakdown, by Type
10.2.4.1 North America: Roofing Market – Revenue and Forecast Analysis – by Type
10.2.5 North America: Roofing Market Breakdown, by End Use
10.2.5.1 North America: Roofing Market – Revenue and Forecast Analysis – by End Use
10.2.6 North America: Roofing Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Roofing Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.2.6.2.1 United States: Roofing Market Breakdown, by Material
10.2.6.2.2 United States: Roofing Market Breakdown, by Type
10.2.6.2.3 United States: Roofing Market Breakdown, by End Use
10.2.6.3 Canada: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.2.6.3.1 Canada: Roofing Market Breakdown, by Material
10.2.6.3.2 Canada: Roofing Market Breakdown, by Type
10.2.6.3.3 Canada: Roofing Market Breakdown, by End Use
10.2.6.4 Mexico: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.2.6.4.1 Mexico: Roofing Market Breakdown, by Material
10.2.6.4.2 Mexico: Roofing Market Breakdown, by Type
10.2.6.4.3 Mexico: Roofing Market Breakdown, by End Use
10.3 Europe
10.3.1 Europe Roofing Market Overview
10.3.2 Europe: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.3 Europe: Roofing Market Breakdown, by Material
10.3.3.1 Europe: Roofing Market – Revenue and Forecast Analysis – by Material
10.3.4 Europe: Roofing Market Breakdown, by Type
10.3.4.1 Europe: Roofing Market – Revenue and Forecast Analysis – by Type
10.3.5 Europe: Roofing Market Breakdown, by End Use
10.3.5.1 Europe: Roofing Market – Revenue and Forecast Analysis – by End Use
10.3.6 Europe: Roofing Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Roofing Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.2.1 Germany: Roofing Market Breakdown, by Material
10.3.6.2.2 Germany: Roofing Market Breakdown, by Type
10.3.6.2.3 Germany: Roofing Market Breakdown, by End Use
10.3.6.3 France: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.3.1 France: Roofing Market Breakdown, by Material
10.3.6.3.2 France: Roofing Market Breakdown, by Type
10.3.6.3.3 France: Roofing Market Breakdown, by End Use
10.3.6.4 Italy: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.4.1 Italy: Roofing Market Breakdown, by Material
10.3.6.4.2 Italy: Roofing Market Breakdown, by Type
10.3.6.4.3 Italy: Roofing Market Breakdown, by End Use
10.3.6.5 United Kingdom: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.5.1 United Kingdom: Roofing Market Breakdown, by Material
10.3.6.5.2 United Kingdom: Roofing Market Breakdown, by Type
10.3.6.5.3 United Kingdom: Roofing Market Breakdown, by End Use
10.3.6.6 Russia: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.6.1 Russia: Roofing Market Breakdown, by Material
10.3.6.6.2 Russia: Roofing Market Breakdown, by Type
10.3.6.6.3 Russia: Roofing Market Breakdown, by End Use
10.3.6.7 Rest of Europe: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.3.6.7.1 Rest of Europe: Roofing Market Breakdown, by Material
10.3.6.7.2 Rest of Europe: Roofing Market Breakdown, by Type
10.3.6.7.3 Rest of Europe: Roofing Market Breakdown, by End Use
10.4 Asia Pacific
10.4.1 Asia Pacific Roofing Market Overview
10.4.2 Asia Pacific: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.3 Asia Pacific: Roofing Market Breakdown, by Material
10.4.3.1 Asia Pacific: Roofing Market – Revenue and Forecast Analysis – by Material
10.4.4 Asia Pacific: Roofing Market Breakdown, by Type
10.4.4.1 Asia Pacific: Roofing Market – Revenue and Forecast Analysis – by Type
10.4.5 Asia Pacific: Roofing Market Breakdown, by End Use
10.4.5.1 Asia Pacific: Roofing Market – Revenue and Forecast Analysis – by End Use
10.4.6 Asia Pacific: Roofing Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Roofing Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.2.1 Australia: Roofing Market Breakdown, by Material
10.4.6.2.2 Australia: Roofing Market Breakdown, by Type
10.4.6.2.3 Australia: Roofing Market Breakdown, by End Use
10.4.6.3 China: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.3.1 China: Roofing Market Breakdown, by Material
10.4.6.3.2 China: Roofing Market Breakdown, by Type
10.4.6.3.3 China: Roofing Market Breakdown, by End Use
10.4.6.4 India: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.4.1 India: Roofing Market Breakdown, by Material
10.4.6.4.2 India: Roofing Market Breakdown, by Type
10.4.6.4.3 India: Roofing Market Breakdown, by End Use
10.4.6.5 Japan: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.5.1 Japan: Roofing Market Breakdown, by Material
10.4.6.5.2 Japan: Roofing Market Breakdown, by Type
10.4.6.5.3 Japan: Roofing Market Breakdown, by End Use
10.4.6.6 South Korea: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.6.1 South Korea: Roofing Market Breakdown, by Material
10.4.6.6.2 South Korea: Roofing Market Breakdown, by Type
10.4.6.6.3 South Korea: Roofing Market Breakdown, by End Use
10.4.6.7 Rest of APAC: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.4.6.7.1 Rest of APAC: Roofing Market Breakdown, by Material
10.4.6.7.2 Rest of APAC: Roofing Market Breakdown, by Type
10.4.6.7.3 Rest of APAC: Roofing Market Breakdown, by End Use
10.5 Middle East and Africa
10.5.1 Middle East and Africa Roofing Market Overview
10.5.2 Middle East and Africa: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.5.3 Middle East and Africa: Roofing Market Breakdown, by Material
10.5.3.1 Middle East and Africa: Roofing Market – Revenue and Forecast Analysis – by Material
10.5.4 Middle East and Africa: Roofing Market Breakdown, by Type
10.5.4.1 Middle East and Africa: Roofing Market – Revenue and Forecast Analysis – by Type
10.5.5 Middle East and Africa: Roofing Market Breakdown, by End Use
10.5.5.1 Middle East and Africa: Roofing Market – Revenue and Forecast Analysis – by End Use
10.5.6 Middle East and Africa: Roofing Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Roofing Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.5.6.2.1 South Africa: Roofing Market Breakdown, by Material
10.5.6.2.2 South Africa: Roofing Market Breakdown, by Type
10.5.6.2.3 South Africa: Roofing Market Breakdown, by End Use
10.5.6.3 Saudi Arabia: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.5.6.3.1 Saudi Arabia: Roofing Market Breakdown, by Material
10.5.6.3.2 Saudi Arabia: Roofing Market Breakdown, by Type
10.5.6.3.3 Saudi Arabia: Roofing Market Breakdown, by End Use
10.5.6.4 United Arab Emirates: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.5.6.4.1 United Arab Emirates: Roofing Market Breakdown, by Material
10.5.6.4.2 United Arab Emirates: Roofing Market Breakdown, by Type
10.5.6.4.3 United Arab Emirates: Roofing Market Breakdown, by End Use
10.5.6.5 Rest of Middle East and Africa: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.5.6.5.1 Rest of Middle East and Africa: Roofing Market Breakdown, by Material
10.5.6.5.2 Rest of Middle East and Africa: Roofing Market Breakdown, by Type
10.5.6.5.3 Rest of Middle East and Africa: Roofing Market Breakdown, by End Use
10.6 South and Central America
10.6.1 South and Central America Roofing Market Overview
10.6.2 South and Central America: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.6.3 South and Central America: Roofing Market Breakdown, by Material
10.6.3.1 South and Central America: Roofing Market – Revenue and Forecast Analysis – by Material
10.6.4 South and Central America: Roofing Market Breakdown, by Type
10.6.4.1 South and Central America: Roofing Market – Revenue and Forecast Analysis – by Type
10.6.5 South and Central America: Roofing Market Breakdown, by End Use
10.6.5.1 South and Central America: Roofing Market – Revenue and Forecast Analysis – by End Use
10.6.6 South and Central America: Roofing Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Roofing Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.6.6.2.1 Brazil: Roofing Market Breakdown, by Material
10.6.6.2.2 Brazil: Roofing Market Breakdown, by Type
10.6.6.2.3 Brazil: Roofing Market Breakdown, by End Use
10.6.6.3 Argentina: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.6.6.3.1 Argentina: Roofing Market Breakdown, by Material
10.6.6.3.2 Argentina: Roofing Market Breakdown, by Type
10.6.6.3.3 Argentina: Roofing Market Breakdown, by End Use
10.6.6.4 Rest of South and Central America: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
10.6.6.4.1 Rest of South and Central America: Roofing Market Breakdown, by Material
10.6.6.4.2 Rest of South and Central America: Roofing Market Breakdown, by Type
10.6.6.4.3 Rest of South and Central America: Roofing Market Breakdown, by End Use
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Mergers And Acquisitions
12.3 Agreements, Collaborations, And Joint Ventures
12.4 Market Initiative
13. Company Profiles
13.1 JSW Steel Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hindalco Industries Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Siam Cement PCL
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 PT Utomodeck Metal Works
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hangzhou Singer Building Materials Co Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Holcim Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Compagnie de Saint Gobain SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Owens Corning
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Everest Industries Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TAMKO Building Products LLC
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 GAF Inc
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Roofseal (M) Sdn Bhd
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Atlas Roofing Corp
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Maruhachi Ceramics of America Inc
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Union Galvasteel Corp
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Roofing Market Segmentation
Table 2. List of Vendors
Table 3. Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Table 4. Roofing Market – Revenue and Forecast to 2031 (US$ Billion) – by Material
Table 5. Roofing Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 6. Roofing Market – Revenue and Forecast to 2031 (US$ Billion) – by End Use
Table 7. North America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 8. North America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 9. North America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 10. North America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 11. United States: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 12. United States: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 13. United States: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 14. Canada: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 15. Canada: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 16. Canada: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 17. Mexico: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 18. Mexico: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 19. Mexico: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 20. Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 21. Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 22. Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 23. Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 24. Germany: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 25. Germany: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 26. Germany: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 27. France: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 28. France: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 29. France: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 30. Italy: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 31. Italy: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 32. Italy: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 33. United Kingdom: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 34. United Kingdom: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 35. United Kingdom: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 36. Russia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 37. Russia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 38. Russia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 39. Rest of Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 40. Rest of Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 41. Rest of Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 42. Asia Pacific: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 43. Asia Pacific: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 44. Asia Pacific: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 45. Asia Pacific: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 46. Australia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 47. Australia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 48. Australia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 49. China: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 50. China: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 51. China: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 52. India: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 53. India: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 54. India: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 55. Japan: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 56. Japan: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 57. Japan: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 58. South Korea: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 59. South Korea: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 60. South Korea: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 61. Rest of APAC: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 62. Rest of APAC: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 63. Rest of APAC: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 64. Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 65. Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 66. Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 67. Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 68. South Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 69. South Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 70. South Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 71. Saudi Arabia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 72. Saudi Arabia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 73. Saudi Arabia: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 74. United Arab Emirates: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 75. United Arab Emirates: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 76. United Arab Emirates: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 77. Rest of Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 78. Rest of Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 79. Rest of Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 80. South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 81. South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 82. South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 83. South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 84. Brazil: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 85. Brazil: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 86. Brazil: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 87. Argentina: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 88. Argentina: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 89. Argentina: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
Table 90. Rest of South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Material
Table 91. Rest of South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 92. Rest of South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion) – by End Use
List of Figures
Figure 1. Roofing Market Segmentation, by Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Fluctuations in Asphalt Prices from 2019 to 2023
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Roofing Market Revenue (US$ Billion), 2021–2031
Figure 6. Roofing Market Share (%) – by Material (2023 and 2031)
Figure 7. Asphalt: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 8. Metal: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 9. Clay: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 10. Concrete: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 11. Plastic: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 12. Others: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 13. Roofing Market Share (%) – by Type (2023 and 2031)
Figure 14. Shingles: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 15. Tiles: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 16. Sheets: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 17. Roofing Market Share (%) – by End Use (2023 and 2031)
Figure 18. Residential: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 19. Commercial: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 20. Industrial: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 21. Institutional and Others: Roofing Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 22. Roofing Market Breakdown by Region, 2023 and 2031 (%)
Figure 23. North America: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 24. North America: Roofing Market Breakdown, by Material (2023 and 2031)
Figure 25. North America: Roofing Market Breakdown, by Type (2023 and 2031)
Figure 26. North America: Roofing Market Breakdown, by End Use (2023 and 2031)
Figure 27. North America: Roofing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 28. United States: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 29. Canada: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 30. Investment in Building Construction in Canada (2018–2023)
Figure 31. Mexico: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 32. Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 33. Europe: Roofing Market Breakdown, by Material (2023 and 2031)
Figure 34. Europe: Roofing Market Breakdown, by Type (2023 and 2031)
Figure 35. Europe: Roofing Market Breakdown, by End Use (2023 and 2031)
Figure 36. Europe: Roofing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 37. Germany: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 38. France: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 39. Italy: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 40. United Kingdom: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 41. Value of construction output for Private Sector (2018–2022)
Figure 42. Russia: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 43. Rest of Europe: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 44. Asia Pacific: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 45. Asia Pacific: Roofing Market Breakdown, by Material (2023 and 2031)
Figure 46. Asia Pacific: Roofing Market Breakdown, by Type (2023 and 2031)
Figure 47. Asia Pacific: Roofing Market Breakdown, by End Use (2023 and 2031)
Figure 48. Asia Pacific: Roofing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 49. Australia: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 50. China: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 51. India: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 52. Japan: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 53. South Korea: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 54. Rest of APAC: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 55. Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 56. Middle East and Africa: Roofing Market Breakdown, by Material (2023 and 2031)
Figure 57. Middle East and Africa: Roofing Market Breakdown, by Type (2023 and 2031)
Figure 58. Middle East and Africa: Roofing Market Breakdown, by End Use (2023 and 2031)
Figure 59. Middle East and Africa: Roofing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 60. South Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 61. Saudi Arabia: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 62. United Arab Emirates: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 63. Rest of Middle East and Africa: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 64. South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 65. South and Central America: Roofing Market Breakdown, by Material (2023 and 2031)
Figure 66. South and Central America: Roofing Market Breakdown, by Type (2023 and 2031)
Figure 67. South and Central America: Roofing Market Breakdown, by End Use (2023 and 2031)
Figure 68. South and Central America: Roofing Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 69. Brazil: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 70. Argentina: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 71. Rest of South and Central America: Roofing Market – Revenue and Forecast to 2031(US$ Billion)
Figure 72. Heat Map Analysis by Key Players
Figure 73. Company Positioning & Concentration
The List of Companies - Roofing Market
- JSW Steel Ltd
- Hindalco Industries Ltd
- Siam Cement PCL
- PT Utomodeck Metal Works
- Hangzhou Singer Building Materials Co Ltd
- Holcim Ltd
- Compagnie de Saint Gobain SA
- Owens Corning
- Everest Industries Ltd
- TAMKO Building Products LLC
- GAF Inc
- Roofseal (M) Sdn Bhd
- Atlas Roofing Corp
- Maruhachi Ceramics of America Inc
- Union Galvasteel Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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