Roofing Market

Roofing Market by Types (Slope Roof and Flat Roof), Construction Types (New Construction and Re-roofing), Materials (Plastic, Bituminous, Clay, Metal, Concrete, Elastomer, and Others), Applications (Commercial, Industrial, and Residential), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-4101
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
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  • Pub. Date: Upcoming
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The global roofing market size is estimated to expand at a high CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to the growing need for re-roofing activities.

Roofing Market by key takeaways

Roofing refers to the covering area of the top of a building. Several substances are used for roofing as per the nature of the building and different style of the building construction. Some of the major substances mainly used in the roofing can be polymer, metal, concrete, or other needed materials that ensure to protect the building from snow, sunlight, rain, wind, and temperature extremes. Roofs in commercial and residential structures are also primarily made of bitumen, polycarbonate, ceramic coated granules, clay, concrete, sand, and fiberglass. Beside its necessity, roofing helps to increase the aesthetic value of a building, improves its durability, and protects it from harsh environmental conditions. Furthermore, there are other advantages to modern roofing such as ventilation, air cooling, and aesthetic enhancements to infrastructure.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing urbanization and technological innovations in the construction sector are the primary drivers fuelling the global roofing market.
  • Increasing investment in infrastructure development and growing preference for reroofing activities are expected to drive the market in the coming years.
  • Rising popularity of translucent roofing panels in sunrooms, patios, and other places that require natural light through the roof is propelling the market.
  • High installation cost of roofing systems, lack of qualified installation labour, price fluctuations, and waste generation are projected to hinder the market expansion.
  • Creating effective roofing systems to ensure long-term performance as well as technology improvements in products are likely to open up new opportunities for the market growth.

Scope of the report

The report on the global roofing market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Roofing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Slope Roof and Flat Roof), Construction Types (New Construction and Re-roofing), Materials (Plastic, Bituminous, Clay, Metal, Concrete, Elastomer, and Others), and Applications (Commercial, Industrial, and Residential)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

3M; Owens Corning; DuPont; Sika AG; Duro-Last, Inc.; Standard Industries Inc.; Johns Manville; Dow; Atlas Roofing Corporation; and Carlisle Companies

 

Global Roofing Market Segment Insights

Slope roof segment is projected to hold significant market share

Based on types, the global roofing market is bifurcated into slope roof and flat roof. The slope roof segment is projected to hold significant market share due to the advances in the construction sector and rising urbanization. Moreover, the increase in the number of construction activities in residential and commercial sectors is expected to drive the segment market in the coming years.

New construction segment is anticipated to account for substantial share

On the basis of construction types, the market is divided into new construction and re-roofing. The new construction segment is anticipated to account for substantial share of the market owing to the rising industrialization in developing countries as well as fast urbanization. Several economies are bolstering the residential construction sector through customer-centric regulations and the implementation of affordable housing projects. Furthermore, the simple availability of credit and rising discretionary income of middle-class families worldwide are driving up material demand.

Bituminous segment to expand at a substantial growth rate

In terms of materials, the global roofing market is segmented into plastic, bituminous, clay, metal, concrete, elastomer, and others. The bituminous segment is expected to expand at a substantial growth rate during the projected timeline. Bituminous materials such as asphalt shingles are the most prevalent and favoured material choice in North America and Asia Pacific. Bituminous provide a wide range of product durability, availability, strong fire and wind resistance, and good aesthetics. The development of improved bituminous that can withstand high impact is also supporting material demand. The introduction of sophisticated technology improves aesthetics, which is projected to increase the roofing market in the future. The influence of new technologies is minimal; nevertheless, its impact is projected to grow in the near future due to the increased use of bituminous roofing in commercial and residential buildings.

Roofing Market by materials

Residential segment to register a healthy growth rate

Based on applications, the market is fragmented into commercial, industrial, and residential. The residential segment is anticipated to register a healthy growth rate in the coming years due to the rising regulatory and institutional support for creating housing infrastructure in emerging nations. The demand for residential construction is increasing as the population grows and people prefer single-family homes. Furthermore, the availability of credit and low-interest rates play a vital influence in the total demand for residential constructions. Furthermore, the increased investments by homeowners in green buildings are also expected to have a positive impact on future demand for roofing materials.

Asia Pacific is expected to dominate the market

In terms of regions, the global roofing market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to the rapid economic expansion, wide population, and the presence of various product manufacturers in the region. Moreover, the growth of the regional market is further accelerated due to rising disposable income and changing lifestyle to boost a thriving residential sector in India, South Korea, Indonesia, and China. This region is projected to experience rapid growth in the building sector, resulting in a significant demand for roofing systems. Increasing industrial operations particularly in India and China along with a growing population have resulted in increased demand for construction and building activities present another key driver of the regional market.

Roofing Market by regions

Segments

Segments Covered in the Report
The global roofing market has been segmented on the basis of

Types

  • Slope Roof
  • Flat Roof
Construction Types
  • New Construction
  • Re-roofing
Materials
  • Plastic
  • Bituminous
  • Clay
  • Metal
  • Concrete
  • Elastomer
  • Others
Applications
  • Commercial
  • Industrial
  • Residential
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 3M
  • Owens Corning
  • DuPont
  • Sika AG
  • Duro-Last, Inc.
  • Standard Industries Inc.
  • Johns Manville
  • Dow
  • Atlas Roofing Corporation
  • Carlisle Companies

Competitive Landscape

Key players competing in the global roofing market are 3M; Owens Corning; DuPont; Sika AG; Duro-Last, Inc.; Standard Industries Inc.; Johns Manville; Dow; Atlas Roofing Corporation; and Carlisle Companies. Companies are constantly investing in R&D, launching new products, and planning to build new manufacturing facilities in order to influence their market shares.

Roofing Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Roofing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Roofing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Roofing Market - Supply Chain
  4.5. Global Roofing Market Forecast
     4.5.1. Roofing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Roofing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Roofing Market Absolute $ Opportunity
5. Global Roofing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Roofing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Roofing Demand Share Forecast, 2019-2026
6. North America Roofing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Roofing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Roofing Demand Share Forecast, 2019-2026
7. Latin America Roofing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Roofing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Roofing Demand Share Forecast, 2019-2026
8. Europe Roofing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Roofing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Roofing Demand Share Forecast, 2019-2026
9. Asia Pacific Roofing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Roofing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Roofing Demand Share Forecast, 2019-2026
10. Middle East & Africa Roofing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Roofing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Roofing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Roofing Market: Market Share Analysis
  11.2. Roofing Distributors and Customers
  11.3. Roofing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 3M
     11.4.2. Owens Corning
     11.4.3. DuPont
     11.4.4. Sika AG
     11.4.5. Duro-Last, Inc.
     11.4.6. Standard Industries Inc.
     11.4.7. Johns Manville
     11.4.8. Dow

Segments Covered in the Report
The global roofing market has been segmented on the basis of

Types

  • Slope Roof
  • Flat Roof
Construction Types
  • New Construction
  • Re-roofing
Materials
  • Plastic
  • Bituminous
  • Clay
  • Metal
  • Concrete
  • Elastomer
  • Others
Applications
  • Commercial
  • Industrial
  • Residential
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 3M
  • Owens Corning
  • DuPont
  • Sika AG
  • Duro-Last, Inc.
  • Standard Industries Inc.
  • Johns Manville
  • Dow
  • Atlas Roofing Corporation
  • Carlisle Companies

Key players competing in the global roofing market are 3M; Owens Corning; DuPont; Sika AG; Duro-Last, Inc.; Standard Industries Inc.; Johns Manville; Dow; Atlas Roofing Corporation; and Carlisle Companies. Companies are constantly investing in R&D, launching new products, and planning to build new manufacturing facilities in order to influence their market shares.

Roofing Market by key players

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