
Roofing Materials Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Description
The global roofing materials market reached a value of about USD 140.65 Billion in 2024 . The market of the product is further expected to grow at a CAGR of about 5.00% in the forecast period of 2025-2034 to reach a value of nearly USD 229.10 Billion by 2034 .
The roofing materials market is primarily being driven by the growing construction industry. Emerging technology to improve the deployment, aesthetics and protection against weather of roofing materials is expected to increase the product demand in the coming years.
Key Trends and Developments
The roofing materials market is growing, driven by the demand for sustainable, eco-friendly materials, technological innovations, smart roofing solutions, climate-resilient options, and the increasing popularity of aesthetic roof designs.
October 2024
CRH Ventures launched its "Sustainable Building Materials" accelerator to support startups developing innovative, sustainable solutions for construction. The program aimed at Seed- to Series B-stage companies focuses on reducing emissions, waste, and energy use. It offered access to CRH’s network, pilot programs, and potential investments, contributing to the decarbonisation of construction.
August 2024
KPG Roofings launched the first-ever local manufacturing of ceramic roof tiles in Gujarat, India, marking a significant step for the roofing industry. This move aims to reduce reliance on imports, mitigate supply chain issues, and enhance product availability, contributing to the 'Make in India' initiative.
July 2024
Castagra launched its Ecodur1 Cool Roof Coating, an eco-friendly, energy-efficient solution for commercial roofs. Made from renewable materials like castor oil and gypsum, the fiber-reinforced coating is highly reflective, reducing energy consumption. It meets California Energy Commission standards and offers exceptional durability, ensuring long-lasting protection.
March 2024
PABCO Roofing Products launched the Shadow Cap Wide ridge cap, offering enhanced roofing flexibility and added protection for vented ridges. The new design, over three inches wider than the standard version, is available in eight colours and includes Algae Defender for protection against black streaks. It meets key performance ratings and enhances coverage and aesthetics.
Sustainability and Eco-Friendly Materials are Driving the Growth of the Roofing Materials Market
The global roofing materials market is witnessing a growing shift towards sustainable and eco-friendly options. Consumers and businesses are opting for materials such as recycled metal, solar tiles, and cool roofing, which lower energy consumption and reduce environmental impact. These products also enhance insulation and contribute to green building efforts, making them more desirable. In February 2023, MaterialsXchange (MX) introduced a new B2B digital marketplace for lumber and building materials. The upgraded platform featured simplified ordering, real-time tracking, and transparent pricing. Suppliers were able to easily list products, manage orders, and connect with buyers.
Technological Advancements and Smart Roofing Shaping the Roofing Materials Market Dynamics and Trends
Innovation in roofing materials is gaining momentum, with smart roofing solutions becoming increasingly popular. These include solar-powered roof tiles and energy-efficient coatings designed to regulate temperature. By integrating technology, roofing materials are becoming more durable, energy-efficient, and weather-resistant, offering appealing, cost-effective options for both residential and commercial markets. Saint-Gobain’s RenuCore technology, which recycles asphalt shingle waste into pellets for asphalt paving, was launched at the Construction and Demolition Recycling Association’s Shingle Recycling Forum in October 2024, contributing to the company’s sustainability efforts.
Climate-Resilient Roofing Solutions is Boosting the Global Demand for the Roofing Materials Market
The growing impact of climate change is driving an increase in demand for climate-resilient roofing materials. Products such as impact-resistant shingles and waterproof membranes provide superior protection against severe weather events, including storms, hail, and flooding. As the need for more durable, weather-resistant solutions rises, both new builds and roof replacements worldwide are turning to these materials. In 2024, Beacon’s expanded Beacon of Hope programme offered free roof replacements for veterans and Gold Star Families, further supporting the demand for climate-resilient roofing solutions.
Aesthetic Roofing Designs is Expanding Opportunities in the Global Roofing Market
A growing trend for visually appealing roofing materials is driving demand, as homeowners and businesses seek to enhance their property’s curb appeal. Materials like slate, clay tiles, and metal roofing offer a variety of textures and colours, combining aesthetics with durability. The increasing desire for design flexibility is shaping the growth of the roofing market. TimberBase launched a global B2B platform for buying and selling building materials in 2023, providing an intuitive interface, real-time order tracking, and expert guidance, streamlining global timber trading and strengthening supplier relationships.
Roofing Materials Market Segmentation
Roofing material refers to the outermost layer on the building's roof, generally supported by a structure at its base. The roofing material of a building provides protection against the natural elements. Depending on the available material and the nature of the supporting structure, the external layer of a roof shows a great variation.
By product type, the industry can be divided into the following:
The rapidly rising construction industry owing to the steady economic growth, combined with low interest rates contributing to the increase in the approval of building projects, is anticipated to facilitate the industry expansion. Technological advancements taking place in the industry is further accelerating the growth of the market. The growing trend of the production of reflective coatings for dark-coloured roofing materials, which enable better heat reflection and reduce overall energy requirements, is presumed to drive the industry expansion.
Competitive Landscape
The global roofing materials market key players offer a wide range of sustainable and innovative products, focusing on quality, sustainability, and innovation. They provide energy-efficient and eco-friendly roofing solutions for residential, commercial, and industrial sectors, aiming to improve environmental performance and reduce energy consumption. Their commitment lies in delivering high-performance roofing systems that enhance energy savings, durability, and sustainability, addressing the growing demands of the global construction industry while promoting environmentally conscious practices.
BMI Group
BMI Group, established in 2017, is a leading provider of roofing and waterproofing solutions. Based in the United Kingdom, the company offers a comprehensive range of sustainable and innovative roofing products. BMI Group focuses on enhancing the performance, durability, and environmental sustainability of buildings worldwide.
Fletcher Building
Founded in 1904, Fletcher Building is a multinational corporation based in New Zealand, specialising in construction and building materials. The company manufactures a wide range of roofing materials and other construction products, focusing on quality, sustainability, and innovation to meet the needs of the global construction market.
Owens Corning
Owens Corning, established in 1938, is a global leader in insulation, roofing, and fiberglass composites. Based in the United States, the company offers energy-efficient and sustainable solutions for residential, commercial, and industrial sectors, committed to enhancing environmental performance and reducing energy consumption in building materials.
Atlas Roofing Materials Corporation
Atlas Roofing, founded in 1982, is a US-based manufacturer of roofing materials and insulation products. Known for its innovative solutions, Atlas Roofing focuses on providing high-performance, energy-efficient roofing systems that improve energy savings, durability, and sustainability for residential and commercial applications.
Other key players in the roofing materials market report are TAMKO Building Products LLC, GAF Materials LLC, and CertainTeed, among others.
The roofing materials market is primarily being driven by the growing construction industry. Emerging technology to improve the deployment, aesthetics and protection against weather of roofing materials is expected to increase the product demand in the coming years.
Key Trends and Developments
The roofing materials market is growing, driven by the demand for sustainable, eco-friendly materials, technological innovations, smart roofing solutions, climate-resilient options, and the increasing popularity of aesthetic roof designs.
October 2024
CRH Ventures launched its "Sustainable Building Materials" accelerator to support startups developing innovative, sustainable solutions for construction. The program aimed at Seed- to Series B-stage companies focuses on reducing emissions, waste, and energy use. It offered access to CRH’s network, pilot programs, and potential investments, contributing to the decarbonisation of construction.
August 2024
KPG Roofings launched the first-ever local manufacturing of ceramic roof tiles in Gujarat, India, marking a significant step for the roofing industry. This move aims to reduce reliance on imports, mitigate supply chain issues, and enhance product availability, contributing to the 'Make in India' initiative.
July 2024
Castagra launched its Ecodur1 Cool Roof Coating, an eco-friendly, energy-efficient solution for commercial roofs. Made from renewable materials like castor oil and gypsum, the fiber-reinforced coating is highly reflective, reducing energy consumption. It meets California Energy Commission standards and offers exceptional durability, ensuring long-lasting protection.
March 2024
PABCO Roofing Products launched the Shadow Cap Wide ridge cap, offering enhanced roofing flexibility and added protection for vented ridges. The new design, over three inches wider than the standard version, is available in eight colours and includes Algae Defender for protection against black streaks. It meets key performance ratings and enhances coverage and aesthetics.
Sustainability and Eco-Friendly Materials are Driving the Growth of the Roofing Materials Market
The global roofing materials market is witnessing a growing shift towards sustainable and eco-friendly options. Consumers and businesses are opting for materials such as recycled metal, solar tiles, and cool roofing, which lower energy consumption and reduce environmental impact. These products also enhance insulation and contribute to green building efforts, making them more desirable. In February 2023, MaterialsXchange (MX) introduced a new B2B digital marketplace for lumber and building materials. The upgraded platform featured simplified ordering, real-time tracking, and transparent pricing. Suppliers were able to easily list products, manage orders, and connect with buyers.
Technological Advancements and Smart Roofing Shaping the Roofing Materials Market Dynamics and Trends
Innovation in roofing materials is gaining momentum, with smart roofing solutions becoming increasingly popular. These include solar-powered roof tiles and energy-efficient coatings designed to regulate temperature. By integrating technology, roofing materials are becoming more durable, energy-efficient, and weather-resistant, offering appealing, cost-effective options for both residential and commercial markets. Saint-Gobain’s RenuCore technology, which recycles asphalt shingle waste into pellets for asphalt paving, was launched at the Construction and Demolition Recycling Association’s Shingle Recycling Forum in October 2024, contributing to the company’s sustainability efforts.
Climate-Resilient Roofing Solutions is Boosting the Global Demand for the Roofing Materials Market
The growing impact of climate change is driving an increase in demand for climate-resilient roofing materials. Products such as impact-resistant shingles and waterproof membranes provide superior protection against severe weather events, including storms, hail, and flooding. As the need for more durable, weather-resistant solutions rises, both new builds and roof replacements worldwide are turning to these materials. In 2024, Beacon’s expanded Beacon of Hope programme offered free roof replacements for veterans and Gold Star Families, further supporting the demand for climate-resilient roofing solutions.
Aesthetic Roofing Designs is Expanding Opportunities in the Global Roofing Market
A growing trend for visually appealing roofing materials is driving demand, as homeowners and businesses seek to enhance their property’s curb appeal. Materials like slate, clay tiles, and metal roofing offer a variety of textures and colours, combining aesthetics with durability. The increasing desire for design flexibility is shaping the growth of the roofing market. TimberBase launched a global B2B platform for buying and selling building materials in 2023, providing an intuitive interface, real-time order tracking, and expert guidance, streamlining global timber trading and strengthening supplier relationships.
Roofing Materials Market Segmentation
Roofing material refers to the outermost layer on the building's roof, generally supported by a structure at its base. The roofing material of a building provides protection against the natural elements. Depending on the available material and the nature of the supporting structure, the external layer of a roof shows a great variation.
By product type, the industry can be divided into the following:
- Asphalt Shingles
- Concrete and Clay Tile Roofs
- Metal Roofs
- Elastomers and plastic Roofs
- Others
- Residential
- Commercial
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The rapidly rising construction industry owing to the steady economic growth, combined with low interest rates contributing to the increase in the approval of building projects, is anticipated to facilitate the industry expansion. Technological advancements taking place in the industry is further accelerating the growth of the market. The growing trend of the production of reflective coatings for dark-coloured roofing materials, which enable better heat reflection and reduce overall energy requirements, is presumed to drive the industry expansion.
Competitive Landscape
The global roofing materials market key players offer a wide range of sustainable and innovative products, focusing on quality, sustainability, and innovation. They provide energy-efficient and eco-friendly roofing solutions for residential, commercial, and industrial sectors, aiming to improve environmental performance and reduce energy consumption. Their commitment lies in delivering high-performance roofing systems that enhance energy savings, durability, and sustainability, addressing the growing demands of the global construction industry while promoting environmentally conscious practices.
BMI Group
BMI Group, established in 2017, is a leading provider of roofing and waterproofing solutions. Based in the United Kingdom, the company offers a comprehensive range of sustainable and innovative roofing products. BMI Group focuses on enhancing the performance, durability, and environmental sustainability of buildings worldwide.
Fletcher Building
Founded in 1904, Fletcher Building is a multinational corporation based in New Zealand, specialising in construction and building materials. The company manufactures a wide range of roofing materials and other construction products, focusing on quality, sustainability, and innovation to meet the needs of the global construction market.
Owens Corning
Owens Corning, established in 1938, is a global leader in insulation, roofing, and fiberglass composites. Based in the United States, the company offers energy-efficient and sustainable solutions for residential, commercial, and industrial sectors, committed to enhancing environmental performance and reducing energy consumption in building materials.
Atlas Roofing Materials Corporation
Atlas Roofing, founded in 1982, is a US-based manufacturer of roofing materials and insulation products. Known for its innovative solutions, Atlas Roofing focuses on providing high-performance, energy-efficient roofing systems that improve energy savings, durability, and sustainability for residential and commercial applications.
Other key players in the roofing materials market report are TAMKO Building Products LLC, GAF Materials LLC, and CertainTeed, among others.
Table of Contents
158 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Roofing Materials Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Roofing Materials Historical Market (2018-2024)
- 5.3 Global Roofing Materials Market Forecast (2025-2034)
- 5.4 Global Roofing Materials Market by Product
- 5.4.1 Asphalt Shingles
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Concrete and Clay Tile Roofs
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Metal Roofs
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.4 Elastomers and Plastic Roofs
- 5.4.4.1 Historical Trend (2018-2024)
- 5.4.4.2 Forecast Trend (2025-2034)
- 5.4.5 Others
- 5.5 Global Roofing Materials Market by Application
- 5.5.1 Residential
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Commercial
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Roofing Materials Market by Region
- 5.6.1 North America
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Europe
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Asia Pacific
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Latin America
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Middle East and Africa
- 5.6.5.1 Historical Trend (2018-2024)
- 5.6.5.2 Forecast Trend (2025-2034)
- 6 North America Roofing Materials Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Roofing Materials Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Roofing Materials Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Roofing Materials Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Roofing Materials Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Price Analysis
- 13.1 North America Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 13.2 Europe Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 13.3 Asia Pacific Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 13.4 Latin America Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 13.5 Middle East and Africa Historical Price Trends (2018-2024) and Forecast (2025-2034)
- 14 Competitive Landscape
- 14.1 Supplier Selection
- 14.2 Key Global Players
- 14.3 Key Regional Players
- 14.4 Key Player Strategies
- 14.5 Company Profiles
- 14.5.1 BMI Group
- 14.5.1.1 Company Overview
- 14.5.1.2 Product Portfolio
- 14.5.1.3 Demographic Reach and Achievements
- 14.5.1.4 Certifications
- 14.5.2 Fletcher Building
- 14.5.2.1 Company Overview
- 14.5.2.2 Product Portfolio
- 14.5.2.3 Demographic Reach and Achievements
- 14.5.2.4 Certifications
- 14.5.3 Owens Corning
- 14.5.3.1 Company Overview
- 14.5.3.2 Product Portfolio
- 14.5.3.3 Demographic Reach and Achievements
- 14.5.3.4 Certifications
- 14.5.4 Atlas Roofing Materials Corporation
- 14.5.4.1 Company Overview
- 14.5.4.2 Product Portfolio
- 14.5.4.3 Demographic Reach and Achievements
- 14.5.4.4 Certifications
- 14.5.5 TAMKO Building Products LLC
- 14.5.5.1 Company Overview
- 14.5.5.2 Product Portfolio
- 14.5.5.3 Demographic Reach and Achievements
- 14.5.5.4 Certifications
- 14.5.6 GAF Materials LLC
- 14.5.6.1 Company Overview
- 14.5.6.2 Product Portfolio
- 14.5.6.3 Demographic Reach and Achievements
- 14.5.6.4 Certifications
- 14.5.7 CertainTeed
- 14.5.7.1 Company Overview
- 14.5.7.2 Product Portfolio
- 14.5.7.3 Demographic Reach and Achievements
- 14.5.7.4 Certifications
- 14.5.8 Others
Pricing
Currency Rates
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