Construction & Industrial

According to a new market report published by Lucintel, the future of the global roofing material market looks promising with opportunities in both residential and commercial construction industries. The global roofing material market is expected to reach an estimated $160.6 billion by 2027 with a CAGR of 4.4% from 2022 to 2027. The major drivers for this market are increasing demand for residential buildings and investments in the renovation and redevelopment of residential and commercial buildings.

In this market, shingles, metal, and tiles are used in residential and commercial roofing applications. On the basis of comprehensive research, Lucintel forecasts that tiles will remain the largest product segment, and it is also expected to witness the highest growth over the forecast period because they offer the advantages of durability, superior aesthetics, versatility, and ease of recycling.

Within the global roofing material market, residential will remain the largest application segment over the forecast period due to rising government and institutional support for the development of housing infrastructure in emerging economies, increasing population, and growing preference for single-family housing structures.

APAC will remain the largest region over the forecast period due to urbanization and rapid industrialization, especially in China and India, coupled with population expansion in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include the use of 3D printing technologies in roofing systems and emergence of the use of reflective coating for dark colored roofing materials. GAF Materials Corporation, Owens Corning, Saint-Gobain, BMI Group, Atlas Roofing Corporation, Carlisle, and Berkshire Hathaway are among the major players in the roofing material market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global roofing material market by product, application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Roofing Material Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global roofing material market by product, application, and region, as follows:



























This 157-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/roofing-material-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q.1 What are some of the most promising growth opportunities for the global roofing material market by product (shingles, metal, tiles, and others), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

Q.5 What are the business risks and competitive threats in this market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some of the changing demands of customers in the market?

Q.8 What are the new developments in the market and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q.11 What M & A activity did occur in the last 5 years?