IMARC Group, a leading market research company, has recently released a report titled "Roofing Materials Market Report by Product (Asphalt Shingles, Concrete and Clay Tiles, Metal Roofs, Plastics, and Others), Construction Type (New Construction, Reroofing), Application (Residential, Non-Residential), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global roofing materials market Share, size, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

MARKET OVERVIEW

The global Roofing Materials Market reached a size of USD 140.7 billion in 2024 and is forecasted to grow to USD 198.3 billion by 2033. The market is projected to expand at a CAGR of 3.69% during the forecast period 2025-2033. Key growth drivers include increasing commercial and residential constructions, stringent environmental regulations, and advancements in material science and manufacturing technology.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

ROOFING MATERIALS MARKET KEY TAKEAWAYS

• Current Market Size: USD 140.7 Billion in 2024
• CAGR: 3.69%
• Forecast Period: 2025-2033
• There is rising focus on maintaining building aesthetics combined with the need for durable construction materials.
• The growing construction sector and stringent environmental regulations are key market trends.
• Asia Pacific leads the market due to rapid capacity expansion and construction growth.
• High raw material costs challenge the market, but increasing demand for eco-friendly materials offers opportunities.
• Residential application and new construction dominate the market segments.

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MARKET GROWTH FACTORS

Rising construction activities around the world is a meaningful factor driving the growth of the roofing materials market. Cities rapidly urbanize, and people increasingly demand residential, commercial, and shopping space which drives the market to grow. In 2022 for instance, Johns Manville introduced multiple new productivity-improving products that include DynaSet 1K and 1-Part PermaFlash. This introduction is part of an effort to innovate its product offerings.

Improvements in material and manufacturing technologies drive the market forward. Manufacturers make materials of better quality and they manufacture them durably in order to produce long-lasting, energy-efficient, and environmentally-friendly roofing products for climatic exposure. An example is of the StormMaster Hip & Ridge Shingle with proprietary Core4 Improved Polymer Technology by Atlas Roofing Corporation, introduced in 2021.

More eco-friendly roofing options are being produced by manufacturers due to increased emphasis on sustainability and regulations. From waste, GAF's roofing business developed and patented a process to recycle asphalt shingles in 2021. The business ensures it meets sustainability initiatives that drive market expansion.

MARKET SEGMENTATION

Breakup By Product:

• Asphalt Shingles: Leading segment made of asphalt and fiberglass with granular surfaces, available in strip, dimensional, and luxury shingles.
• Concrete and Clay Tiles
• Metal Roofs
• Plastics
• Others

Breakup By Construction Type:

• New Construction: Dominates the market driven by demand for newly built residential and commercial buildings.
• Reroofing

Breakup By Application:

• Residential: Largest segment due to easy installation and protection benefits.
• Non-Residential

Breakup By Region:

• North America: United States, Canada
• Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
• Latin America: Brazil, Mexico, Others
• Middle East and Africa

Asia Pacific dominates the global roofing materials market, holding the largest market share driven by rapid urbanization and expansion in construction infrastructure. Countries such as China and India strongly contribute to this growth due to government initiatives and increasing housing demands. The region is also the fastest-growing due to its large population base, economic growth, and evolving climate-resilient building trends.

RECENT DEVELOPMENTS & NEWS

• October 2024: NanoTech Materials launched Wildfire Shield and Cool Roof Coat featuring Insulative Ceramic Particle technology, reducing HVAC use by 50%, covering locations such as California highways and SpaceX.
• June 2024: Magnera’s TYPAR introduced TYPAR Liquid Flashing, a gun-grade elastomeric sealant for air and water protection with long-term performance and a limited lifetime warranty.
• March 2024: ArcelorMittal launched Granite® Storm, a durable pre-coated steel roofing solution with over 30 years performance supporting sustainability.
• November 2021: GAF expanded by starting production at its fourth insulation plant for EnergyGuard™ products.
• February 2022: Carlisle Companies acquired MBTechnology, expanding its energy-efficient roofing product portfolio.

KEY PLAYERS

• 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

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