Roofing Materials Market Size, Share, and Trends 2025 to 2034

Roofing Materials Market Size and Forecast 2025 to 2034

The global roofing materials market size was estimated for USD 139.66 billion in 2024 and is anticipated to reach around USD 209.38 billion by 2034, growing at a CAGR of 4.13% from 2025 to 2034.  Rising construction activities across the globe is expected to boost the growth of the roofing materials market.

Roofing Materials Market Key Takeaways

• Asia Pacific dominated the global roofing materials market with the largest market share of 33% in 2024.
• North America is expected to expand at a CAGR of 3.65% during the forecast period. 
• By application, the residential segment contributed the highest market share of 58% in 2024.
• By application, the non residential segment is projected to grow at a solid CAGR during the forecast period.
• By product , the concrete and clay tiles segment accounted for the highest market share of 32% in 2024.
• By product, the asphalt shingles segment is expected to grow at a CAGR of 4% during the forecast period. 

Impact of AI on the Roofing Materials Industry

The integration of AI in the manufacturing processes of roofing materials helps in creating optimized roofing structures. It also helps in quality control, leading to the development of high-quality, durable roofing products that can meet stringent standards and withstand harsh conditions. AI can improve production efficiency through automation and reducing waste generation. In addition, AI-driven analytics help manufacturers forecast demand and manage inventory levels.

Asia Pacific Roofing Materials Market Size and Growth 2025 to 2034

The Asia Pacific roofing materials market size was estimated at USD 46.09 billion in 2024 and is anticipated to be surpass around USD 70.14 billion by 2034, rising at a CAGR of 4.28% from 2025 to 2034.

Asia Pacific dominated the global roofing materials market with the largest market share of 33% in 2024. This dominance is credited to strong profitable regional growth. In addition, presence of various manufacturers of the product along with the huge population of the region is boosting the growth of the product. Furthermore, this region comprise of more than55% of the global population along with production hub for automotive and electronics industry. Farther rising disposable income and growing domestic sector across Indonesia, China, India, and South Korea are fueling the industry growth.

The roofing material demand in the region Asia Pacific is in line with the progress of the sector of construction, which comprise of home renovation and new construction conditioning. Rise in industrial operations, especially in India and China coupled with population expansion, has led to an increased demand for structure and construction activities, latterly driving the demand for roofing material.

In Middle East and Africa, the demand for roofing material is primarily driven by the rapid growth of the domestic construction sector in Kenya, Nigeria, Egypt, and Ethiopia. In addition, the constant construction smash in Qatar, Saudi Arabia, and UAE are producing high demand for the material of roofing.

Market Overview

Roofing material is material used in the furthermost layer on the roof of home or industrial or commercial space. A wide range of material used in the process is concrete & claytiles, bituminous, elastomers, Metal and plastics, among others. The material offers a wide range of advantages to the structure including water proofing and temperature control. Rising disposable income, increased affordability and easy availability of loans have led homeowners to spend further on home refurbishment and renovation. The rising consumer interest regarding home renovation and enhancing the aesthetics of structures of living provided myriad opportunities for rising products sales. Likewise, strict energy-effective home regulations and growing interest of customers in green buildings will support the penetration of product during the forecast forthcoming time period.

In addition, the emergence of reflective coatings techniques which is further applied over a dark-colored roofing materials is likely to have a positive impact over the market. In addition, reflective coatings show the property of superior heat reflection and it also reduce the overall consumption of energy of the building structure. Superior aesthetics, durability, and installation ease associated with these products are projected to propel the demand for the product. In addition, the usage of 3D printing technology in order to produce numerous roofing structural components systems is likely to boost the demand for roofing materials during the forecast period.

Roofing Materials Market Growth Factors

• Aesthetic function: Along with being an excellent protection against external factors such as fire or heavy rainfall, roofing materials also enhance the aesthetic appearance of a building. 
• The boom in residential construction: With the rapid urbanization and population growth in emerging economies, the construction of residential buildings is rising, which further contributes to market expansion.
• Technological innovations: Innovations in roofing materials, such as the development of solar roofing and energy-efficient roofing products, attract a large number of consumers seeking sustainable building materials. Moreover, innovative materials like reflective roof coatings reduce heat absorption and minimize roof temperature.
• Rising concerns about climate change: Rising concerns about climate change is one of the key factors boosting the demand for roofing materials that offer better insulation. 

Market Scope

Product Insight

The concrete and clay tiles segment accounted for the highest market share of 32% in 2024. These tiles offer advantages similar as superior aesthetics, durability, versatility, and ease of recycling, and hence drive product demand.

The asphalt shingles segment is expected to grow at a CAGR of 4% during the forecast period. In addition, properties similar as cost- effectiveness, ease of installation, and longer lifetime are anticipated to drive the demand for the product. In addition, it provides water-and algae-resistant parcels with superior quality, which is likely to further boost the segment growth.

In 2024, the segment named metal roof accounted for a share of more than 20% of the market. In addition, metal roofs exhibit superior quality of durability and fire resistance, which is estimated to fuel its demand in new activities of construction. Likewise, the adoption of Metal roofing in artificial operations on account of advantages similar as easy installation is anticipated to drive the segment growth.

 The plastic roofs segment is anticipated to register significant CAGR during the forecast period owing to advantages similar as low conservation and ease of installation.

Application Insight

The residential segment contributed the highest market share of 58% in 2024. Growing institutional and governmental support for the housing development structure in arising economies is the factor propelling the demand for roofing material for domestic purposes. Furthermore, the crucial factors driving the demand for roofing material for domestic operations include adding population and growing preference for single- family housing structures. Likewise, the easy availability of low- interest rates and credits plays an essential part in the overall demand for residential buildings.

Upsurge in investments for the construction and renovation of social architectures, similar as hospitals, educational buildings, government services, and correction installations is anticipated to drive the demand for roofing material for non-residential application.

Likewise, the surge in popularity of online shopping is anticipated to boost the growth of marketable construction units similar as sorting installations, storages, and distribution centers. Growing investments in the development of data centers by major technology enterprises similar as Microsoft, Google, and Amazon is also projected to positively impact the implicit demand for roofing material.

The roofing material market is highly fragmented with the presence of several local and global companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

Key players operating in the market are majorly focusing towards increasing their market share by offering a varied range of easy, durable and quick to install roofing materials. Moreover, these key players have further developed an extensive authorized roofing contractor’s network in order to ensure the roof installation quality in order to increase their customer base. Also, the key market players include in the study of roofing material market are Boral Ltd., GAF Materials Corporation, BraasMonier Building Group, Atlas Roofing Corporation, Owens Corning, Carlisle Companies Inc. and Johns Manvill.

Roofing Materials Market Companies

• 3M Company
• Atlas Roofing Corporation
• BASF SE
• Johns Manville
• Duro-Last, Inc.
• E. I. Du Pont De Nemours, Inc.
• Owens Corning
• Sika AG
• Standard Industries Inc.
• The Dow Chemical Company

Latest Announcement by Industry Leader 

• In August 2024, KPG Roofings, India’s premier roof tile brand and the largest seller of ceramic roof tiles, announced the commencement of its domestic production of ceramic roof tiles in Gujarat. Rajeel KP, Director of KPG Roofings, stated that this significant initiative marks the first time ceramic roof tiles will be manufactured within the country, allowing the company to meet the growing demand for premium roofing tiles, enhancing product availability, and contributing to the local economy.

Recent Developments  

• In October 2024, CertainTeed, a roofing materials manufacturer, and Renovate Robotics, a leading start-up developing autonomous roofing robots, collaborated to optimize robotics and innovate roofing installation. 
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• In April 2024, the Sangobuild brand introduced a new generation of Titan solar roof tiles, bringing innovation to the solar roofing industry.

Segments Covered in the Report

By Product

• Asphalt Shingles
• Concrete & Clay Tiles
• Metal Roofs
• Plastics
• Bituminous
• Elastomer
• Others

By Application

• Non residential
• Residential

By Construction

• New construction
• Reroofing

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa