Global Roofing Market, By Type (Materials, Chemicals), Application (Residential, Commercial, Non-Residential, Others), Product (Asphalt Shingles, Concrete and Clay Tile Roof, Metal Roofs, Elastomers and Plastic Roofs, Tile Roofs, Bituminous Roof, Others) – Industry Trends and Forecast to 2029.
Global Roofing Market Analysis and Size
As important is the foundation of any given building or infrastructure, so is important the roofing part of it. Bitumen, ceramic coated granules, clay, sand, concrete, and polycarbonate are some of the common materials used in the construction of a roof of any given infrastructure. Nowadays, roofs can be used for a wide range of purposes, one of which is gardening.
- Data Bridge Market Research analyses that the roofing market value, which was USD 108.03 billion in 2021, is expected to reach the value of USD 165.79 billion by 2029, at a CAGR of 5.50% during the forecast period. "Materials" accounts for the most prominent type segment in the roofing market owing to the growing urbanization and increased investments in non-residential infrastructures, such as transportation services, power plants, warehouses, manufacturing facilities, and production units, among others. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Roofing Market Definition
From the name itself, it is clear that roofing is a technique involving the use of certain materials such as polymer, concrete, metal, or others to build the roof of any given infrastructural facility. Roofing provides protection against rain, snow, sunlight, extremes of temperature, and wind. Roofing can be built with different shapes such as gabled, hipped, butterfly, arched, flat, mono-pitched, and domed.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Type (Materials, Chemicals), Application (Residential, Commercial, Non-Residential, Others), Product (Asphalt Shingles, Concrete and Clay Tile Roof, Metal Roofs, Elastomers and Plastic Roofs, Tile Roofs, Bituminous Roof, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Owens Corning (U.S.), Duro-Last Roofing, Inc. (U.S.), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), Braas Monier Building Group (Luxembourg), Sika AG (Switzerland), Atlas Roofing Corporation (U.S.), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Afton Chemical (U.S.), The Lubrizol Corporation (U.S.), Clariant (Switzerland), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France) and Eastman Chemical Company (U.S.)
COVID-19 Impact on Roofing Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Several countries such as China, India, Brazil and many more imposed lockdown in this face which led to the shutdown of production and manufacturing facilities. The same applies to the roofing market. Supply chain of numerous manufacturing units was adversely affected in this period leading to a major drop in the revenues and profits. There is a huge hit to the market owing to the delay in manufacturing and production of roofing products which are utilized in residential and commercial spaces. However, with the increasing relaxations, a rise in import and export is significantly expected. Respective governing authorities are beginning to lift these enforced lockdowns which is a positive sign for the market.
The Market Dynamics of the Roofing Market Include:
- Infrastructural activities influenced the market growth
Growth in the rate of infrastructural development activities is widening the scope of growth for the market. Increase demand in various industrial applications for metals like aluminum, steel and other metals is directly influencing the market growth of the market. Also, growth and expansion of buildings and construction industry is directly influencing the market growth rate.
- Growing awareness to direct the market demand and supply
Increased awareness about the benefits of laser printing is inducing increased demand and application by the small and medium scale enterprises. For example- laser printing technology, nowadays, is used to manufacture large structural parts of roofing systems. This in turn is bolstering the growth of the market.
- Rising research and development operations
Increased funding from federal government pertaining to the research and development proficiencies is also bolstering the growth of the market. Research and developmental operations directed towards sustainable development will ensure optimum and judicious use of resources, thereby improving the market value.
- Rise in the technological advancements
Rising technological advancements pertaining to the manufacturing technology is further inducing growth in the market value. Increasing number of technological advancements driven with a view to minimize the production costs and wastage coupled with growth in industrialization has increased the use of roofing materials for sustaining the efficiency of machinery is further ensuring a bright future for the market.
- Surge in demand from the auto industry
Growing demand for energy efficient solutions to decrease overall energy consumptions of various structures has further proved to be a boon for the market. Furthermore, increasing demand for energy efficient and environment friendly roofing materials is propelling the market demand and supply.
Restraints/Challenges Global Roofing Market
- Fluctuating prices
Fluctuations or volatility in the prices of raw materials and machinery equipment is posing a major threat to the growth of the market. Further, uneven availability of raw materials at one particular location is demeaning the growth of the market.
- High capital investment
Requirement of high capitals costs to invest in the relevant machinery and undertake operations is one of the biggest challenges for the market. Also, high machinery operating and maintenance costs will restrict the scope of growth. Going by the current global recession trends, there is bound to be a dent in the market growth rate. Also, high costs associated with research and development proficiencies will further derail the market growth rate.
- Norms, standards and regulations
Imposition of stringent regulations by the government on a wide range of industrial applications will further slowdown the market growth rate. Lack of standardization norms will further worsen the market situation.
This roofing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the roofing market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Global Roofing Market Scope
The roofing market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of type, the roofing market is segmented into materials and chemicals.
The application segment of the roofing market is segmented into residential, commercial, non- residential and others.
- Asphalt Shingles
- Concrete and Clay Tile Roof
- Metal Roofs
- Elastomers and Plastic Roofs
- Tile Roofs
- Bituminous Roof
Product segment of the roofing market is divided into asphalt shingles, concrete and clay tile roof, metal roofs, elastomers and plastic roofs, tile roofs, bituminous roof and others.
Roofing Market Regional Analysis/Insights
The roofing market is analyzed and market size insights and trends are provided by country, type, application and product as referenced above.
The countries covered in the roofing market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the roofing market in the forecast period of 2022 to 2029 due to increasing industrialization and urbanization and rising population which has led to increase in the commercial and residential infrastructure.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Roofing Market Share Analysis
The roofing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to roofing market.
Some of the major players operating in the roofing market are:
- Owens Corning (U.S.)
- Duro-Last Roofing, Inc. (U.S.)
- BASF SE (Germany)
- 3M (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- Braas Monier Building Group (Luxembourg)
- Sika AG (Switzerland)
- Atlas Roofing Corporation (U.S.)
- Innospec (U.S.)
- ADEKA CORPORATION (Japan)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- PMC Specialties Group (U.S.)
- Afton Chemical (U.S.)
- The Lubrizol Corporation (U.S.)
- Clariant (Switzerland)
- LANXESS (Germany)
- Mayzo, Inc. (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V. (Netherlands)
- Arkema (France)
- Eastman Chemical Company (U.S.)
Research Methodology : Global Roofing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-roofing-market