increasing demand for eco-friendly and green roofing materials, as well as the use of roof inspection drones.
The Roofing Material Market has seen strong growth in 2021 and is expected to maintain a steady revenue CAGR over the forecast period. The market's growth is being driven by factors such as the development of the building industry, growing urbanization, and technological advancements. In particular, the demand for roofing products has been boosted by technological innovations such as eco-friendly materials and roof inspection drones. These products are used in the outer layer of a roof for both commercial and residential buildings, and they offer various benefits such as temperature control and waterproofing.
Consumers' interest in home improvement and the growing awareness of green building solutions are expected to drive the adoption of roofing products during the forecast period. Additionally, the use of roofing materials is essential to protect homes and buildings from natural factors and weather. These materials range from natural options like slates and thatches to commercially available goods such as asphalt tiles and polycarbonate roofs. With rising investments in the construction and repair of residential and commercial structures, the revenue growth of the roofing materials market is expected to continue.
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Top Leading Players in The Global Roofing Material Market Are:
- Owens Corning (U.S.)
- CertainTeed Corporation (U.S.)
- Atlas Roofing Corporation (U.S.)
- BMI Group (U.K.)
- Johns Manville (U.S.)
- IKO Industries Ltd. (U.S.)
- GAF (U.S.)
- TAMKO Building Products, Inc. (U.S.)
- Carlisle Companies Incorporated (U.S.)
- Firestone Building Products Company, LLC (U.S.)
Roofing Material Market Upcoming Growth:
Robust Growth Forecasted for Global Roofing Material Market Fueled by Building Sector Advancements and Eco-Friendly Innovations.The global roofing material market is expected to experience significant growth in the coming years, driven by factors such as advancements in the building sector, growing urbanization, and technological breakthroughs. The demand for eco-friendly and green roofing materials is also on the rise, along with the use of roof inspection drones. The market offers a wide range of materials, including bituminous, concrete, clay tiles, metal, elastomers, and plastics, which provide several benefits such as temperature control and waterproofing. The market is also being driven by increasing consumer interest in home remodeling and improving the aesthetics of living spaces, as well as the implementation of strict energy-efficient house laws and rising consumer awareness of green building solutions. All these factors are expected to contribute to a steady revenue CAGR for the roofing material market in the forecast period.
Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Bituminous
- Tile
- Metal
- Elastomeric
- Others
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Non-Residential
- Industrial
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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