Roofing market was valued at US $223.13 Bn. in 2022, and it is expected to reach US $ 312.30 Bn. by 2029 with a CAGR of 4.92% during the forecast period.Roofing Market Overview:
Rain, heat, and other environmental factors are all protected by roofing. Roofs in residential and commercial buildings, such as hotels, offices, and educational institutions, are made of bitumen, ceramic coated granules, sand, clay, fiberglass, concrete, and polycarbonate. The development of new, effective roofing materials, investment property, the increased popularity of environmentally-friendly hygiene products, growing rubber roofs, and increasing building upgrades and renovations are all driving the global roofing industry forward. Also, because of the growing need for hard coatings from a variety of end-user applications.To know about the Research Methodology :- Request Free Sample Report
Roofing Market Dynamics:
Excellent Fire Retardant Property of Metal Roofing: As the number of wildfires rises, metal roofing is anticipated to grow dramatically. Metal roofing provides good re-resistant roofing benefits, making it a popular alternative for re-codes and standards. Metal roofing comes in two forms: panels and shingles, and is made of copper, aluminium, stainless steel, and zinc. The most prevalent cost-effective metals are galvanized steel and aluminium. Metal roofing is a long-lasting material that outlasts other options. In the summer, metal roofing absorbs the sun's UV rays, keeping the building cooler. The metal roofing also adds to the building's insulation, allowing it to maintain consistent temperatures in both the winter and summer. Metal roofing is becoming more popular in both industrial and residential construction. Metal roofs have been one of the most difficult choices for landowners and professional design architects in the roofing sector. Metal roofing is lighter than bituminous shingle roofing or tiles. Because of its strength, longevity, and low maintenance, it does not put a strain on the building's structure like other roofing materials. The Most Of Demand is Likely to be Met by Re-Roofing: As multiple incidences of adverse weather events were seen in several places of various regions, residential re-roofing activities caused a huge demand for asphalt shingles from prior years. Residential reroofing is expected to continue to be the largest market for asphalt shingles in the future. The United States has a large number of older homes, many of which feature three-tab shingles that do not comply with contemporary construction requirements. Before a policy renewal, insurers may require homeowners to replace outdated shingles with newer, more durable laminated asphalt shingles as a condition of keeping coverage. As a result, rising demand for reroofing is likely to move the roofing market forward over the forecast period.Roofing Materials Have a Variety of Effects:
Climate change may have an impact on product quality. Some materials, for example, are unable to survive intense heat and ultraviolet radiation from sunshine but are quickly damaged by repeated freeze-thaw cycles. Bituminous shingles can be damaged if installed in freezing temperatures, and because they aren't of the highest quality, they are more susceptible to wind lifting and can break easily in different temperatures. The roofing materials' durability and repair criteria should be taken into account. Raw wood shakes and shingles, for example, require a lot of upkeep. Power, natural resources, and the toxicity of the emissions emitted should all be considered while making roofing products. These are made of limited-supply or environmentally sensitive materials.Roofing Market Segment Analysis:
Based on Type, the roofing market is segmented as, chemicals, and materials. In 2021, the chemicals segment was dominant and held almost xx% of the overall market share in terms of revenue thanks to chemical roofing enhanced and value-added characteristics. Chemical roofing features corrosion resistance, toughness, and high-temperature stability. Detailed information about each segment is covered in the MMR’s report.Based on Application, the roofing market is segmented as follows, residential, commercial, industrial, and others. In 2021, the residential segment was dominant and held almost xx% of the overall market in terms of revenue. The roof is an important construction structure because it protects the building and adds to its aesthetic appeal. Increased government and institutional support for the construction of housing infrastructure in emerging nations are generating demand for roofing materials for residential use. The rising population and an increasing desire for single-family housing constructions are two major factors driving the need for residential roofing materials. Likewise, easy finance and low-interest rates contribute significantly to the overall demand for residential constructions. Detailed information about each segment is covered in the MMR’s report.
Regional Insights:
In 2021, Asia Pacific had the largest share of the roofing market, accounting for 39.21%. Thanks to a rapid increase in the construction industry, an increase in the manufacturing sector, strict government regulations to uplift household energy performance, increased durability, easy installation, and increased urbanization in developing countries such as China and India in the region, Asia Pacific is expected to have the highest growth. Thanks to the surge of all applications in the building industry, new construction roofing has the biggest market share in the global roofing sector. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.Roofing Market Scope: Inquire before buying
Roofing Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 223.13 Bn. Forecast Period 2023 to 2029 CAGR: 4.92% Market Size in 2029: US $ 312.30 Bn. Segments Covered: by Type Chemicals Materials by Application Residential Commercial Industrial Others by Roofing Material Bituminous Roofing Metal Roofing Tile Roofing Others (RCC & Plastics) By Roofing Type Roofing Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players:
1. GAF Materials Corporation 2. Atlas Roofing Corporation 3. Owens Corning 4. Braas Monier Building Group 5. BASF SE 6. 3M 7. The Dow Chemical Company 8. Duro Last Roofing 9. Sika AG 10. Standard Industries Inc. 11. Johns Manville 12. Saint Gobain 13. Boral Ltd. 14. Etex 15. Tamko Building Products 16. Carlisle Company Inc. 17. Others Frequently Asked Questions: 1. What is the forecast period considered for the Roofing market report? Ans. The forecast period for the global roofing market is 2023-2029. 2. Which key factors are hindering the growth of the Roofing market? Ans. The changing quality of roofing products because of varying climatic conditions across the globe is the key factor expected to hinder the market growth during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Roofing market for the next 6 years? Ans. The global roofing market is expected to grow at a CAGR of 4.92% during the forecast period (2023-2029). 4. What are the key factors driving the growth of the Roofing market? Ans. The excellent fire retardant property of metal roofing and increase in the roofing product demand because of re-roofing are the key factors expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Roofing market report? Ans. GAF Materials Corporation, Atlas Roofing Corporation, Owens Corning, Braas Monier Building Group, BASF SE,3M, The Dow Chemical Company, Duro Last Roofing, Sika AG, Standard Industries Inc., Johns Manville,
1. Roofing Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Roofing Market: Qualitative Analysis 2.1. Technological Advancements in Roofing system 2.2. Consumer Preferences and Buying Behavior 3. Roofing Market: Dynamics 3.1. Roofing Market Trends by Region 3.1.1. North America Roofing Market Trends 3.1.2. Europe Roofing Market Trends 3.1.3. Asia Pacific Roofing Market Trends 3.1.4. Middle East and Africa Roofing Market Trends 3.1.5. South America Roofing Market Trends 3.2. Roofing Market Dynamics by Region 3.2.1. North America 3.2.1.1. North America Roofing Market Drivers 3.2.1.2. North America Roofing Market Restraints 3.2.1.3. North America Roofing Market Opportunities 3.2.1.4. North America Roofing Market Challenges 3.2.2. Europe 3.2.2.1. Europe Roofing Market Drivers 3.2.2.2. Europe Roofing Market Restraints 3.2.2.3. Europe Roofing Market Opportunities 3.2.2.4. Europe Roofing Market Challenges 3.2.3. Asia Pacific 3.2.3.1. Asia Pacific Roofing Market Drivers 3.2.3.2. Asia Pacific Roofing Market Restraints 3.2.3.3. Asia Pacific Roofing Market Opportunities 3.2.3.4. Asia Pacific Roofing Market Challenges 3.2.4. Middle East and Africa 3.2.4.1. Middle East and Africa Roofing Market Drivers 3.2.4.2. Middle East and Africa Roofing Market Restraints 3.2.4.3. Middle East and Africa Roofing Market Opportunities 3.2.4.4. Middle East and Africa Roofing Market Challenges 3.2.5. South America 3.2.5.1. South America Roofing Market Drivers 3.2.5.2. South America Roofing Market Restraints 3.2.5.3. South America Roofing Market Opportunities 3.2.5.4. South America Roofing Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis for Roofing Industry 3.8. The Global Pandemic Impact on Roofing Market 4. Roofing Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Roofing Market Size and Forecast, by Type (2023-2030) 4.1.1. Flat Roof 4.1.2. Slope Roof 4.2. Roofing Market Size and Forecast, by Application (2023-2030) 4.2.1. Residential 4.2.2. Commercial 4.2.3. Industrial 4.2.4. Others 4.3. Roofing Market Size and Forecast, by Roofing Material (2023-2030) 4.3.1. Bituminous Roofing 4.3.2. Metal Roofing 4.3.3. Tile Roofing 4.3.4. Others (RCC & Plastics) 4.4. Roofing Market Size and Forecast, by region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Roofing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Roofing Market Size and Forecast, by Type (2023-2030) 5.1.1. Flat Roof 5.1.2. Slope Roof 5.2. North America Roofing Market Size and Forecast, by Application (2023-2030) 5.2.1. Residential 5.2.2. Commercial 5.2.3. Industrial 5.2.4. Others 5.3. North America Roofing Market Size and Forecast, by Roofing Material (2023-2030) 5.3.1. Bituminous Roofing 5.3.2. Metal Roofing 5.3.3. Tile Roofing 5.3.4. Others (RCC & Plastics) 5.4. North America Roofing Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Roofing Market Size and Forecast, by Type (2023-2030) 5.4.1.1.1. Flat Roof 5.4.1.1.2. Slope Roof 5.4.1.2. United States Roofing Market Size and Forecast, by Application (2023-2030) 5.4.1.2.1. Residential 5.4.1.2.2. Commercial 5.4.1.2.3. Industrial 5.4.1.2.4. Others 5.4.1.3. United States Roofing Market Size and Forecast, by Roofing Material (2023-2030) 5.4.1.3.1. Bituminous Roofing 5.4.1.3.2. Metal Roofing 5.4.1.3.3. Tile Roofing 5.4.1.3.4. Others (RCC & Plastics) 5.4.2. Canada 5.4.2.1. Canada Roofing Market Size and Forecast, by Type (2023-2030) 5.4.2.1.1. Flat Roof 5.4.2.1.2. Slope Roof 5.4.2.2. Canada Roofing Market Size and Forecast, by Application (2023-2030) 5.4.2.2.1. Residential 5.4.2.2.2. Commercial 5.4.2.2.3. Industrial 5.4.2.2.4. Others 5.4.2.3. Canada Roofing Market Size and Forecast, by Roofing Material (2023-2030) 5.4.2.3.1. Bituminous Roofing 5.4.2.3.2. Metal Roofing 5.4.2.3.3. Tile Roofing 5.4.2.3.4. Others (RCC & Plastics) 5.4.3. Mexico 5.4.3.1. Mexico Roofing Market Size and Forecast, by Type (2023-2030) 5.4.3.1.1. Flat Roof 5.4.3.1.2. Slope Roof 5.4.3.2. Mexico Roofing Market Size and Forecast, by Application (2023-2030) 5.4.3.2.1. Residential 5.4.3.2.2. Commercial 5.4.3.2.3. Industrial 5.4.3.2.4. Others 5.4.3.3. Mexico Roofing Market Size and Forecast, by Roofing Material (2023-2030) 5.4.3.3.1. Bituminous Roofing 5.4.3.3.2. Metal Roofing 5.4.3.3.3. Tile Roofing 5.4.3.3.4. Others (RCC & Plastics) 6. Europe Roofing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Roofing Market Size and Forecast, by Type (2023-2030) 6.2. Europe Roofing Market Size and Forecast, by Application (2023-2030) 6.3. Europe Roofing Market Size and Forecast, by Roofing Material (2023-2030) 6.4. Europe Roofing Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Roofing Market Size and Forecast, by Type (2023-2030) 6.4.1.2. United Kingdom Roofing Market Size and Forecast, by Application (2023-2030) 6.4.1.3. United Kingdom Roofing Market Size and Forecast, by Roofing Material(2023-2030) 6.4.2. France 6.4.2.1. France Roofing Market Size and Forecast, by Type (2023-2030) 6.4.2.2. France Roofing Market Size and Forecast, by Application (2023-2030) 6.4.2.3. France Roofing Market Size and Forecast, by Roofing Material(2023-2030) 6.4.3. Germany 6.4.3.1. Germany Roofing Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Germany Roofing Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Germany Roofing Market Size and Forecast, by Roofing Material (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Roofing Market Size and Forecast, by Type (2023-2030) 6.4.4.2. Italy Roofing Market Size and Forecast, by Application (2023-2030) 6.4.4.3. Italy Roofing Market Size and Forecast, by Roofing Material(2023-2030) 6.4.5. Spain 6.4.5.1. Spain Roofing Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Spain Roofing Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Spain Roofing Market Size and Forecast, by Roofing Material (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Roofing Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Sweden Roofing Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Sweden Roofing Market Size and Forecast, by Roofing Material (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Roofing Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Austria Roofing Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Austria Roofing Market Size and Forecast, by Roofing Material (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Roofing Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Rest of Europe Roofing Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Rest of Europe Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7. Asia Pacific Roofing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Roofing Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Roofing Market Size and Forecast, by Application (2023-2030) 7.3. Asia Pacific Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4. Asia Pacific Roofing Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Roofing Market Size and Forecast, by Type (2023-2030) 7.4.1.2. China Roofing Market Size and Forecast, by Application (2023-2030) 7.4.1.3. China Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Roofing Market Size and Forecast, by Type (2023-2030) 7.4.2.2. S Korea Roofing Market Size and Forecast, by Application (2023-2030) 7.4.2.3. S Korea Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Roofing Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Japan Roofing Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Japan Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.4. India 7.4.4.1. India Roofing Market Size and Forecast, by Type (2023-2030) 7.4.4.2. India Roofing Market Size and Forecast, by Application (2023-2030) 7.4.4.3. India Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Roofing Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Australia Roofing Market Size and Forecast, by Application (2023-2030) 7.4.5.3. Australia Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.6. Indonesia 7.4.6.1. Indonesia Roofing Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Indonesia Roofing Market Size and Forecast, by Application (2023-2030) 7.4.6.3. Indonesia Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.7. Malaysia 7.4.7.1. Malaysia Roofing Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Malaysia Roofing Market Size and Forecast, by Application (2023-2030) 7.4.7.3. Malaysia Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.8. Vietnam 7.4.8.1. Vietnam Roofing Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Vietnam Roofing Market Size and Forecast, by Application (2023-2030) 7.4.8.3. Vietnam Roofing Market Size and Forecast, by Roofing Material(2023-2030) 7.4.9. Taiwan 7.4.9.1. Taiwan Roofing Market Size and Forecast, by Type (2023-2030) 7.4.9.2. Taiwan Roofing Market Size and Forecast, by Application (2023-2030) 7.4.9.3. Taiwan Roofing Market Size and Forecast, by Roofing Material (2023-2030) 7.4.10. Rest of Asia Pacific 7.4.10.1. Rest of Asia Pacific Roofing Market Size and Forecast, by Type (2023-2030) 7.4.10.2. Rest of Asia Pacific Roofing Market Size and Forecast, by Application (2023-2030) 7.4.10.3. Rest of Asia Pacific Roofing Market Size and Forecast, by Roofing Material (2023-2030) 8. Middle East and Africa Roofing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Roofing Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Roofing Market Size and Forecast, by Application (2023-2030) 8.3. Middle East and Africa Roofing Market Size and Forecast, by Roofing Material (2023-2030) 8.4. Middle East and Africa Roofing Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Roofing Market Size and Forecast, by Type (2023-2030) 8.4.1.2. South Africa Roofing Market Size and Forecast, by Application (2023-2030) 8.4.1.3. South Africa Roofing Market Size and Forecast, by Roofing Material (2023-2030) 8.4.2. GCC 8.4.2.1. GCC Roofing Market Size and Forecast, by Type (2023-2030) 8.4.2.2. GCC Roofing Market Size and Forecast, by Application (2023-2030) 8.4.2.3. GCC Roofing Market Size and Forecast, by Roofing Material (2023-2030) 8.4.3. Nigeria 8.4.3.1. Nigeria Roofing Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Nigeria Roofing Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Nigeria Roofing Market Size and Forecast, by Roofing Material (2023-2030) 8.4.4. Rest of ME&A 8.4.4.1. Rest of ME&A Roofing Market Size and Forecast, by Type (2023-2030) 8.4.4.2. Rest of ME&A Roofing Market Size and Forecast, by Application (2023-2030) 8.4.4.3. Rest of ME&A Roofing Market Size and Forecast, by Roofing Material (2023-2030) 9. South America Roofing Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Roofing Market Size and Forecast, by Type (2023-2030) 9.2. South America Roofing Market Size and Forecast, by Application (2023-2030) 9.3. South America Roofing Market Size and Forecast, by Roofing Material(2023-2030) 9.4. South America Roofing Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Roofing Market Size and Forecast, by Type (2023-2030) 9.4.1.2. Brazil Roofing Market Size and Forecast, by Application (2023-2030) 9.4.1.3. Brazil Roofing Market Size and Forecast, by Roofing Material (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Roofing Market Size and Forecast, by Type (2023-2030) 9.4.2.2. Argentina Roofing Market Size and Forecast, by Application (2023-2030) 9.4.2.3. Argentina Roofing Market Size and Forecast, by Roofing Material (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Roofing Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Rest Of South America Roofing Market Size and Forecast, by Application (2023-2030) 9.4.3.3. Rest Of South America Roofing Market Size and Forecast, by Roofing Material (2023-2030) 10. Global Roofing Market: Competitive Landscape 10.1. MMR Competition Matrix 10.2. Competitive Landscape 10.3. Key Players Benchmarking 10.3.1. Company Name 10.3.2. Business Segment 10.3.3. End-user Segment 10.3.4. Revenue (2023) 10.3.5. Company Locations 10.4. Leading Roofing Market Companies, by market capitalization 10.5. Market Structure 10.5.1. Market Leaders 10.5.2. Market Followers 10.5.3. Emerging Players 10.6. Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1. GAF Materials Corporation 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Recent Developments 11.2. Atlas Roofing Corporation 11.3. Owens Corning 11.4. Braas Monier Building Group 11.5. BASF SE 11.6. 3M 11.7. The Dow Chemical Company 11.8. Duro Last Roofing 11.9. Sika AG 11.10. Standard Industries Inc. 11.11. Johns Manville 11.12. Saint Gobain 11.13. Boral Ltd. 11.14. Etex 11.15. Tamko Building Products 11.16. Carlisle Company Inc. 11.17. Others 12. Key Findings 13. Industry Recommendations 14. Roofing Market: Research Methodology