Roofing Material Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2024 to 2034

 The global roofing material market is projected to grow from USD 147.1 billion in 2024 to USD 231.1 billion by 2034, expanding at a CAGR of 4.6%. This 1.6x market expansion reflects increasing demand across residential, commercial, and industrial sectors, fueled by urbanization, infrastructure development, and a rising focus on sustainable and energy-efficient construction materials.

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Market Trends Highlighted:

·         Rising Urbanization & Infrastructure Investment:

Rapid urbanization in emerging economies is driving new housing and commercial building projects, increasing demand for durable roofing solutions.

·         Sustainable & Energy-Efficient Materials Gaining Ground:

There is growing adoption of green roofing, cool roofing, and solar-integrated materials to enhance energy efficiency and meet green building certifications.

·         Increased Focus on Resilient Roofing Systems:

Climate change and extreme weather events are pushing the demand for high-performance, storm-resistant roofing systems across flood- and wind-prone regions.

·         Technological Integration:

Smart roofing materials, including those embedded with sensors and insulation tech, are emerging to improve energy performance and reduce long-term maintenance costs.

·         Renovation and Retrofit Activities:

Aging infrastructure in developed markets is boosting demand for roofing replacements and retrofitting, especially in the residential segment.

Key Takeaways of the Report:

·         Market Size Forecast:

2024: USD 147.1 billion

2034: USD 231.1 billion

CAGR (2024–2034): 4.6%

Market Expansion: 1.6x growth over 10 years

·         Primary Growth Drivers:

Urban expansion and real estate development

Regulatory pressure on energy efficiency and green buildings

Rising awareness of climate-resilient construction materials

Increased demand for aesthetic, long-lasting roofing systems

Regional Market Outlook:

Asia Pacific:

The fastest-growing market, driven by rapid industrialization, urban housing demand, and infrastructure expansion in countries such as India, China, and Southeast Asia.

North America & Europe:

Strong growth in renovation projects, retrofitting for energy efficiency, and increasing government incentives for green roofing materials and solar integration.

Key Segments of Market Report

By Product Type:

In terms of product type, the industry is segregated into asphalt shingles, concrete tiles, clay tiles, synthetic tiles, metal roofing, membrane roofing, green roofs, and others.

By End-use:

Residential and non-residential are the two end-users. The residential segment is further classified into new construction and renovation. The non-residential category is bifurcated into new construction and renovation.

By Region:

Information about several countries in North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa is provided.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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