Roofing Market is expected to Grow with a CAGR of 5.56% through 2030
The
Roofing Market is driven by increased construction activities, rising demand
for energy-efficient buildings, advancements in roofing materials, growing
urbanization, and the need for sustainable, durable, and weather-resistant
roofing solutions.
According
to TechSci Research report, “Roofing Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Roofing Market was valued at USD 2.23 billion in 2024 and is expected to reach USD 3.11 billion by 2030 with a CAGR of 5.56% during the forecast period. The roofing market is witnessing a surge in demand driven by both residential and commercial construction projects. In the residential sector, factors such as rising disposable incomes, urbanization, and an increase in home renovations are driving the need for high-quality, durable roofing solutions. Homeowners are increasingly opting for premium roofing materials like architectural shingles, clay tiles, and metal roofs due to their aesthetic appeal, durability, and long-term cost savings. In commercial construction, the demand for roofing solutions is being fueled by the expansion of the retail, industrial, and office sectors. As businesses seek to optimize energy efficiency, commercial buildings are incorporating advanced roofing systems such as reflective coatings, green roofs, and solar panel integration. The trend of commercial buildings incorporating sustainable and energy-efficient roofs is also supported by regulatory requirements and tax incentives for businesses that implement green building practices. Furthermore, the post-pandemic shift toward remote working has accelerated demand for home office space, contributing to increased residential roofing needs. Additionally, the growing emphasis on the importance of roof maintenance and timely replacement is prompting both residential and commercial property owners to invest in roofing systems that provide long-term performance and lower lifecycle costs. As construction activity increases across various sectors, the roofing market is set to continue benefiting from the expanding demand for high-performance, aesthetically pleasing, and sustainable roofing solutions.
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over XX Market data Figures spread through XX Pages and an in-depth TOC on
the "Global Roofing Market.”
Based on the Application,
Residential segment held the largest Market share in 2024. The Roofing Market
in the residential segment is experiencing significant growth, driven by
several key factors, including increased housing construction, rising
renovation and remodeling activities, and a growing focus on energy efficiency.
As urbanization continues to expand globally, there is a surging demand for new
residential properties, which, in turn, drives the need for roofing materials
that offer durability, aesthetic appeal, and long-term value. The trend of
homeownership, particularly in emerging economies, is also contributing to the
demand for roofing solutions that cater to various climate conditions and
regional requirements. Additionally, the rising consumer preference for
sustainable and energy-efficient homes has spurred the adoption of roofing
materials with enhanced thermal performance, such as cool roofs, green roofs,
and reflective coatings, which help in reducing heating and cooling costs.
Government incentives and building regulations that promote energy-efficient
designs and sustainable building practices further fuel the demand for these
advanced roofing systems. Furthermore, the increasing frequency of extreme
weather events, driven by climate change, is pushing homeowners to invest in
more resilient and weather-resistant roofing solutions to protect their homes
from the impact of storms, heavy rainfall, and high winds. The market is also
benefiting from innovations in roofing technology, such as the development of
lightweight, easy-to-install materials that reduce labor costs and construction
time. As homeowners seek to improve the overall value and longevity of their
properties, the demand for high-quality, low-maintenance roofing options
continues to rise. With an expanding middle class, growing awareness of
environmental issues, and continuous advancements in roofing technologies, the
residential roofing market is poised for sustained growth.
Based on region, Asia Pacific is the fastest growing region in roofing market. Asia Pacific is emerging as the fastest-growing region in the roofing market, driven by rapid urbanization, infrastructure development, and increasing construction activities across both residential and commercial sectors. The region’s expanding population and growing middle class are leading to a surge in demand for housing, industrial facilities, and commercial spaces, all of which require advanced roofing solutions. Countries like China, India, and Southeast Asian nations are seeing significant investments in infrastructure, including smart cities, commercial complexes, and transportation networks, further accelerating the need for durable, energy-efficient roofing materials. Additionally, the growing awareness of sustainability and the implementation of stringent building codes are encouraging the adoption of eco-friendly roofing options, such as solar-integrated and green roofs, which help in reducing energy consumption. Moreover, the increasing frequency of extreme weather events in the region, including monsoons, typhoons, and heatwaves, has heightened the demand for resilient roofing systems that offer protection and enhanced durability. With these factors combined, the Asia Pacific region is poised for continued growth in the roofing market, presenting opportunities for innovative roofing solutions that address the diverse needs of both residential and commercial applications, while contributing to sustainability and climate resilience.
Major
companies operating in the Global Roofing Market are:
- Atlas
Roofing Corporation
- Owens
Corning
- Sika
AG
- Duro
Last Roofing Inc.
- 3M
Company
- Dow
Chemical Company
- Bansal
Roofing Products Limited
- CK
Birla Group
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“The
Global Roofing Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The Roofing Market offers
substantial growth opportunities, fueled by the increasing demand for
energy-efficient and durable roofing solutions. As sustainable construction
practices gain traction, there is a notable shift towards eco-friendly
materials, such as solar shingles, cool roofs, and green roofs, which enhance
energy efficiency and minimize environmental impact. The expansion of
residential and commercial construction, especially in emerging markets, is
driving the adoption of advanced roofing technologies. Additionally, the
growing awareness of climate change and the need for resilient roofing
solutions capable of withstanding extreme weather conditions presents new
avenues for innovative, weather-resistant materials and technologies in the
sector. Therefore, the Market of Roofing is expected to boost in the upcoming
years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Roofing
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented, By Product Type (Bituminous Roofing, Metal Roofing, Tile Roofing and
Others), By Application (Residential, Commercial, Non-Residential and Others),
By Region, By Competition, 2020-2030F”,
has evaluated the future growth potential of Global Roofing Market and provides
statistics & information on the Market size, structure, and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Roofing Market.
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