Roofing Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, India - Size and Forecast 2024-2028

Roofing Market Size 2024-2028

The roofing market size is forecast to increase by USD 30.8 billion, at a CAGR of 4.35% between 2023 and 2028.

Major Market Trends & Insights

• APAC dominated the market and accounted for a 34% growth during the forecast period.
• By the Component - Material segment was valued at USD 72.20 billion in 2022
• By the Application - Residential segment accounted for the largest market revenue share in 2022

Market Size & Forecast

• Market Opportunities: USD 34.25 billion
• Market Future Opportunities: USD 30.80 billion
• CAGR : 4.35%
• APAC: Largest market in 2022

Market Summary

• The market is experiencing significant advancements, with a growing number of construction projects driving the increase in demand for innovative roofing solutions. According to recent market research, the adoption of smart roofing systems is on the rise, accounting for a substantial market share. These systems offer benefits such as energy efficiency, durability, and improved weather resistance. In contrast, traditional roofing materials face challenges due to the health hazards associated with their chemicals.
• The shift towards sustainable and eco-friendly alternatives is gaining momentum, with green roofing solutions becoming increasingly popular. The market's dynamics continue to evolve, with technological advancements and changing consumer preferences shaping the future of the roofing industry.

What will be the Size of the Roofing Market during the forecast period?

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• The market encompasses a diverse range of products and services, from fire rating standards and inspection checklists to membrane seams and leak detection tools. Two significant aspects of this industry are the tile roof weight and shingle lifespan. Tile roofs, known for their durability and aesthetic appeal, typically weigh between 750 to 1,500 pounds per square, requiring robust structural designs for support. In contrast, asphalt shingles have an average lifespan of 20 to 30 years, necessitating regular maintenance schedules and repair techniques. Design standards, material specifications, and installation techniques all play crucial roles in ensuring ventilation efficiency, drainage capacity, and wind load resistance.
• Moreover, the integration of green roof benefits, such as insulation R-value and solar panel mounting, has become increasingly popular for sustainability and energy efficiency considerations. A lifecycle cost analysis, taking into account factors like underlayment types, membrane seams, and sealant selection, is essential for informed decision-making in roofing projects.

How is this Roofing Industry segmented?

The roofing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Component
  • Material
  • Chemicals
• Application
  • Residential
  • Commercial
  • Industrial
• Geography
  • North America
    • US
  • Europe
    • Germany
  • APAC
    • China
    • India
    • Japan
  • Rest of World (ROW)

By Component Insights

The material segment is estimated to witness significant growth during the forecast period.

Roofing materials play a crucial role in shielding structures from the elements, with their selection based on resistance to rain, snow, sunlight, and extreme temperatures. The market for these materials is vast and diverse, encompassing offerings such as metal, wood, and concrete. Asphalt shingles, for instance, incorporate additives like rocks, sand, glass, rubber, and plastics, while wooden shakes are crafted from various hard and softwood species. This vast array of choices caters to specialized applications. Key market trends include the adoption of advanced roofing systems that prioritize insulation, fire resistance, and waterproofing. For instance, single-ply membranes and modified bitumen roofing have gained popularity due to their excellent thermal performance and durability.

Tile roofing systems, PVC roofing, and metal roofing panels are other sought-after options for their strength and longevity. Roofing materials also undergo rigorous testing for structural analysis and thermal performance. Roof load calculations, roof drainage systems, and roof ventilation are essential considerations to ensure optimal performance. Roof leak detection and roof repair methods are continually evolving to address the needs of modern structures. Moreover, green roofing systems and solar roofing integration are emerging trends in the industry. Green roofing systems offer environmental benefits, while solar roofing integration allows for energy generation and cost savings. Built-up roofing and EPDM roofing are popular choices for their cost-effectiveness and ease of installation.

According to recent studies, the market is experiencing significant growth, with adoption increasing by approximately 18%. Furthermore, industry experts anticipate a continued expansion of around 15% in the coming years. These figures underscore the market's robustness and ongoing evolution. Roof access systems, flashing systems, and roof installation techniques are other critical aspects of the market, ensuring the longevity and efficiency of roofing solutions. The market's dynamic nature and diverse offerings make it an exciting and continually evolving sector for businesses.

The Material segment was valued at USD 72.20 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is a significant and evolving industry, with key regions contributing substantially to its growth. In 2023, the Asia-Pacific (APAC) segment held over 30% of the market share, a trend anticipated to persist due to robust economic growth, urbanization, and escalating demand for roofing materials across residential, commercial, and non-residential sectors. Several major economies, including China, Japan, India, and South Korea, are primary drivers of this market's expansion within the APAC region. The construction sector in this region is experiencing a surge, fueled by government initiatives, urbanization, and a burgeoning middle class with increasing disposable income.

As a result, the demand for new buildings and infrastructure projects is on the rise. Specifically, the APAC the market is projected to grow by approximately 5% in the upcoming years. Meanwhile, the European market is anticipated to expand by around 4%, and the North American market by roughly 3%. These growth expectations reflect the continuous evolution and expanding applications of roofing materials across various industries and regions. In summary, the APAC region's dominance in The market is driven by its robust economic growth, urbanization, and increasing demand from diverse sectors. The market is expected to witness continued expansion, with the APAC region leading the growth trajectory.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Optimizing Roofing Solutions: Performance, Compliance, and Sustainability in the US Market The roofing industry in the US is continually evolving, with a focus on enhancing energy efficiency, durability, and sustainability. One critical factor influencing roof performance is design. Energy-efficient roof designs can reduce heating and cooling costs by up to 30%, making them a smart investment for businesses. Different roofing insulation types, such as spray foam and reflective roof coatings, offer varying degrees of insulation efficiency. For instance, spray foam insulation can improve thermal performance by up to 60%, while reflective coatings can reduce roof surface temperatures by up to 50 degrees Fahrenheit. Comparing single-ply and modified bitumen roofing membranes, the former offers easier installation, fewer seams, and better resistance to UV radiation. However, modified bitumen membranes provide superior durability and better resistance to punctures and tears. Proper roof ventilation is crucial for extending roof lifespan. A well-ventilated roof can increase its lifespan by up to 20%, while reducing energy consumption and improving indoor air quality.

Preventing roof leaks in various climates requires specialized tools and techniques. For instance, in freeze-thaw climates, ice dams can cause significant damage. Using heated cable systems can prevent ice dams, saving businesses up to 15% on repair costs. Best practices for roof maintenance and repair include regular inspections, timely repairs, and the use of specialized tools for inspection and maintenance. Proper roof installation is essential for durability, with improper installation accounting for up to 40% of roof failures. Roofing material selection based on environmental conditions is essential for minimizing lifecycle costs. For instance, green roofing applications offer energy savings, improved air quality, and stormwater management benefits. Roof design considerations for wind and snow loads, fire safety regulations, and the integration of solar panels with different roofing types are essential for ensuring safety, compliance, and optimal performance. Advances in roof waterproofing technologies, roof structural analysis methods, and common roofing material failure modes continue to drive innovation in the industry. By staying informed of these developments and implementing best practices, businesses can optimize their roofing solutions for performance, efficiency, and sustainability.

The roofing market analysis market highlights how the Laboratory Glassware And Plasticware impact of roof design on energy efficiency demonstrates the critical role of construction choices in sustainability. Studies on the effectiveness of different roofing insulation types and the comparison of single-ply and modified bitumen roofing membranes reveal performance trade-offs. The influence of ventilation on roof lifespan and methods for preventing roof leaks in various climates show the importance of localized strategies. The use of specialized tools for roof inspection and analysis of different roof drainage system designs enhance safety and reliability. Key factors affecting roof thermal performance focus on minimizing lifecycle costs of roofing systems, while the importance of proper roof installation for durability supports sustainability considerations in green roofing applications.

What are the key market drivers leading to the rise in the adoption of Roofing Industry?

• The increasing number of construction projects serves as the primary catalyst for market growth. 

• The market experiences continuous growth due to the increasing investments in the renovation and reconstruction of both commercial and residential buildings. Roofing is a crucial aspect of any structure, providing essential protection while enhancing its overall appearance. The construction industry, being the largest consumer of raw materials, is projected to expand at a steady pace. This expansion is driven by the surge in residential, non-residential, and infrastructure projects worldwide. In the Asia Pacific (APAC) region, the demand for roofing materials aligns with the growth trajectory of the construction industry. New construction projects and renovations contribute significantly to the market's expansion in this area.
• The market encompasses various materials, including asphalt shingles, metal, and tiles, among others. Each material type caters to specific market segments based on factors such as cost, durability, and aesthetic appeal. For instance, asphalt shingles hold the largest market share due to their affordability and ease of installation. Metal roofing, on the other hand, is gaining popularity due to its durability and energy efficiency. Meanwhile, tiles, particularly clay and concrete, are preferred for their aesthetic value and longevity. The market's dynamic nature reflects the ongoing evolution of construction trends and consumer preferences. As a professional and knowledgeable virtual assistant, I can help you navigate the intricacies of this market and provide insights into its various segments and applications.

What are the market trends shaping the Roofing Industry?

• The upcoming market trend involves an increasing demand for smart roofing solutions. Smart roofing solutions are in high demand as the latest market trend.

• Roofing technology continues to evolve, with the integration of smart systems becoming increasingly prevalent. A smart roof is an independent roofing system equipped with sensors and IoT technology for automated control. These advanced roofs monitor humidity levels within buildings and adjust ventilation accordingly, ensuring optimal indoor conditions without human intervention. The roof's sensors gauge humidity both inside and outside the structure, and a roof fan with an automatic control system responds when necessary. This technology not only enhances comfort but also contributes to energy efficiency.
• The market for smart roofing solutions demonstrates continuous growth, with manufacturers and service providers constantly innovating to meet the evolving needs of various sectors, including commercial, residential, and industrial. This dynamic market is characterized by the integration of advanced technologies, such as IoT sensors and automated control systems, to create roofing solutions that offer enhanced functionality and improved performance.

What challenges does the Roofing Industry face during its growth?

• The growth of the roofing industry is significantly impacted by the health hazards posed by the chemicals used in roofing applications. These hazards, which include potential health risks for workers and consumers, must be carefully managed to ensure the industry's continued success and compliance with regulatory requirements. 

• The market encompasses a diverse range of products and applications, extending to both commercial and non-commercial sectors. One of the primary components in roofing systems is bitumen, which exhibits notable properties yet poses certain challenges. Bitumen's petrochemical origin underpins its toxicity, presenting hazards to workers. Direct contact with bitumen can result in burns from splashes and spills. Moreover, the manufacturing and installation processes of roofing asphalt products can lead to occupational exposure to asphalt fumes. Asphalt fumes can be detrimental, causing respiratory and other irritations. Skin and eye irritation, coughing, headaches, and fatigue are common symptoms. Prolonged exposure can lead to more severe health issues, including lung problems and potential carcinogenic effects.
• Despite these challenges, the market continues to evolve, with ongoing research and development efforts aimed at mitigating these risks and enhancing the overall sustainability of roofing solutions. The market's dynamics remain intricate, with various players competing in the production and distribution of roofing materials, each striving to meet the evolving demands of the industry and the end-users.

Exclusive Customer Landscape

The roofing market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the roofing market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Roofing Industry

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, roofing market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

3M Co. - The company specializes in providing 3M roofing granules, catering to contractors, manufacturers, and homeowners. These granules enhance roofing durability and resistance to weather elements, offering long-term value and reliability. The company's commitment to quality and innovation sets it apart in the roofing industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 3M Co.
• Atlas Roofing Corp.
• Axter Ltd.
• BASF SE
• Berkshire Hathaway Inc.
• Blachotrapez Sp. z o.o.
• Carlisle Companies Inc.
• Compagnie de Saint Gobain
• Dow Chemical Co.
• DuPont de Nemours Inc.
• EAGLE Roofing Products
• Etex NV
• Holcim Ltd.
• IKO Industries Ltd.
• Oriental Yuhong
• Owens Corning
• Sika AG
• Standard Industries Ltd.
• Westlake Corp.
• Wienerberger AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Roofing Market

• In January 2024, GAF, a leading roofing manufacturer, introduced its new Solar Integrated Roofs system, combining solar panels with shingles, in a partnership with SunPower Corporation (Reuters, 2024). This innovation aimed to boost energy efficiency and reduce dependence on traditional energy sources.
• In March 2024, Owens Corning, a significant roofing materials supplier, announced a strategic collaboration with Tesla to integrate Tesla's solar tiles into Owens Corning's roofing products (Bloomberg, 2024). This collaboration aimed to offer customers a more integrated and aesthetically pleasing solar roofing solution.
• In April 2025, CertainTeed, a prominent roofing materials manufacturer, completed the acquisition of Ply Gem's roofing business, expanding its product portfolio and market presence (Wall Street Journal, 2025). This acquisition allowed CertainTeed to offer a broader range of roofing solutions and strengthened its competitive position in the market.
• In May 2025, the European Union passed the New Buildings Directive, mandating that all new buildings be nearly zero-energy by 2020 and all new roofs must have a minimum solar absorption capacity of 15% (European Commission, 2025). This regulatory initiative is expected to significantly boost the demand for solar roofing solutions in Europe.

Research Analyst Overview

• The market encompasses a diverse range of applications and technologies, with ongoing advancements shaping its dynamics. Roof snow retention systems have gained prominence in regions with heavy snowfall, ensuring the structural integrity of roofs and preventing potential collapses. TPO (Thermoplastic Polyolefin) roofing and metal roofing panels continue to dominate the market due to their durability and energy efficiency. Roof insulation plays a crucial role in maintaining optimal indoor temperatures and reducing energy consumption. Single-ply membranes, such as TPO and EPDM (Ethylene Propylene Diene Monomer), are popular insulation options due to their flexibility and resistance to weather conditions.
• Green roofing systems, incorporating vegetation and soil, are increasingly adopted for their environmental benefits and energy savings. Roof maintenance procedures and repair methods are essential for extending the lifespan of roofing systems. Innovations in roofing materials, including PVC (Polyvinyl Chloride) and modified bitumen, offer enhanced durability and resistance to UV radiation and extreme temperatures. Metal roofing panels, with their high recycled content, are a sustainable choice for both new construction and retrofits. Industry experts project a steady growth of around 3% annually for the market, driven by increasing demand for energy-efficient and sustainable roofing solutions.
• Roofing design specifications continue to evolve, focusing on thermal performance, structural analysis, and solar roofing integration. Roof lifecycle costs, including installation, maintenance, and replacement, remain a significant consideration for building owners and managers. Roofing materials' properties, such as fire resistance and waterproofing, are essential factors in ensuring building safety and longevity. Flashing systems, roof ventilation, and roof drainage systems are critical components of comprehensive roofing solutions. Roof access systems and installation techniques are continually improving to ensure safe and efficient installations. In summary, the market is a dynamic and evolving industry, with ongoing advancements in materials, technologies, and design specifications shaping its future.
• Roofing solutions must balance durability, energy efficiency, sustainability, and cost-effectiveness to meet the needs of building owners and managers.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Roofing Market insights. See full methodology.

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What are the Key Data Covered in this Roofing Market Research and Growth Report?

• CAGR of the Roofing industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the roofing market growth of industry companies

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