Roofing Market Estimated to Reach US$ 124.50 Bn by 2024

Transparency Market
Research
ROOFING MARKET - INDUSTRY ANALYSIS, SIZE, SHARE, FORECAST
2016 – 2024
Published Date
24-Jun-2016
178 Page Report
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Press Release
Roofing Market Estimated to Reach US$ 124.50 Bn by 2024 : TMR
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Roofing Market
REPORT DESCRIPTION
Roofing Market (Product Segment - Bituminous Roofing, Metal
Roofing, Tile Roofing; Application Segment - Residential,
Commercial, Non-commercial) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 – 2024
Roofing Materials are basically employed as construction materials. Various kinds of roofing materials
are available in the global roofing market such as roof tiles, metals, and bituminous. These type of
roofing products are manufactured through various different processes. Roofing products comprise
the outermost layer of the structure or building. The outermost layer of the building roof exhibits high
nonconformity in terms of property totally depending on the type and availability of the material
supporting the structure. The raw materials that are used in the production of roofing materials to
commercially available products to natural materials such as plastic sheeting, tiles, slates, and
thatches among others. These roofing materials can be put over an underlayment, a secondary
water-resistant material. These products are known for primarily providing shelter from several natural
elements. The materials from which roofing materials are produced are clay, cement, metal, and
bitumen. The applications of roofing materials include public outlets, educational institutes, hotels,
offices, and buildings.
The primary driver of the global roofing market is the growing construction industry, mainly in
developing countries. However, the growth of the market is likely to be inhibited by the high cost of
production of roofing materials and skyrocketing costs of installation of roofing systems. The players
can nevertheless expect opportunities from the in the technology in roofing materials such as
photovoltaic roofing systems.
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The global roofing market is expected to register a 6.4% CAGR from 2016 to 2024. The market was
worth US$71.23 bn in 2015 and is likely to rise to a valuation of US$124.50 bn by the end of 2024.
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Bituminous Roofing to Emerge as Leading Product Segment
In 2015, with a share of 45%, bituminous roofing emerged as the leading segment in terms of product
in the global roofing market. It is commonly known as asphalt roofing and is widely employed in
developed countries such as Canada and the U.S. Bituminous roofing is easy to install and is
relatively feasible. It can last for a period of 20 years to 40 years and is also available in several
different textures and colors. The segment of bituminous roofing is also projected to exhibit strong
growth over the coming years with a CAGR of over 4%. The growth of this segment is highly
attributed to the growing construction industry and a significant rise in the construction of hospitals,
institutions, and amusement parks owing to robust urbanization.
Asia Pacific to Provide Lucrative Growth Opportunities
In 2015, Asia Pacific emerged as the leading region in the global roofing market. The growth of the
market in this region is generally ascribed to the expanding construction industry due to an extensive
rise in commercial, non-residential, and residential construction activities.
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Based on volume, Asia Pacific accounted for over 40% of the overall share in the global roofing
market in 2015. It has also been estimated to be the leading region in terms of growth rate as well
during the forecast period. The growth of the region is also largely due to the building of hotels, office
spaces, commercial buildings, educational institutions, and medical centers among others in Japan,
India, and China. The market in the Middle East and Africa region is also expected to expand at a
significant rate. As the Europe market is already mature, it is expected to witness steady yet average
growth.
The leading companies in the global roofing market are Carlisle, TAMKO Building Products
Inc., Firestone Building Products Company, Owens Corning, IKO Industries Ltd., Johns Manville,
GAF, Braas Monier Building Group Services S.A., CertainTeed Corporation, Duro-Last Roofing, Inc.,
and Atlas Roofing Corporation.
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Roofing Market
TABLE OF CONTENT
1 Chapter Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Report Scope
1.4 Assumptions
1.5 Research Methodology
2 Chapter Executive Summary
2.1 Global Roofing Market, (Million square meter) (US$ Mn), 2015–2024
2.2 Global Roofing Market: Snapshot
3 Chapter Roofing Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growth of the Construction industry
3.3.2 Growing urbanization and increase in the standards of living
3.4 Restraints
3.4.1 Increase in production cost
3.5 Opportunity
3.5.1 Development in Roofing materials technology
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of Substitutes
3.6.4 Threat of New Entrants
3.6.5 Degree of Competition
3.7 Global Roofing Market Attractiveness, by Region/Country, 2015
3.8 Global Roofing Market Attractiveness, by Application, 2015
3.9 Company Market Share, 2015
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4 Chapter Price Trend Analysis
4.1 Global Average Roofing Price Trend, 2015–2024 (US$/square meter)
5 Chapter Global Roofing Market – Product Analysis (Qualitative Analysis)
5.1 TPO vs. BUR vs. PVC
6 Chapter Global Roofing Market – Product Segment Analysis
6.1 Global Roofing Market: Product Segment Overview
6.1.1 Global Roofing Market for Bituminous roofing (Million square meter) (US$ Mn), 2015–
2024
6.1.2 Global Roofing Market for Metal roofing (Million square meter) (US$ Mn), 2015–2024
6.1.3 Global Roofing Market for Tile roofing (Million square meter) (US$ Mn), 2015–2024
6.1.4 Global Roofing Market for Others (Million square meter) (US$ Mn), 2015–2024
7 Chapter Global Roofing Market – Application Analysis
7.1 Global Roofing Market: Application Overview
7.2 Global Roofing Market for Residential (Million square meter) (US$ Mn), 2015–2024
7.3 Global Roofing Market for Commercial (Million square meter) (US$ Mn), 2015–2024
7.4 Global Roofing Market for Non-Residential (Million square meter) (US$ Mn), 2015–2024
8 Chapter Global Roofing Market - Regional Analysis
8.1 Global Roofing Market: Regional Overview
8.2 North America Roofing Market, 2015 and 2024
8.3 North America Roofing Market Volume, by Product Segment (Million square meter), 2015–
2024
8.4 North America Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.5 North America Roofing Market Volume, by Application Segment (Million square meter), 2015–
2024
8.6 North America Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.7 U.S Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.8 U.S Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.9 U.S Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.10 U.S Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.11 Rest of North America Roofing Market Volume, by Product Segment (Million square meter),
2015–2024
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8.12 Rest of North America Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.13 Rest of North America Roofing Market Volume, by Application Segment (Million square
meter), 2015–2024
8.14 Rest of North America Roofing Market Revenue, by Application Segment (US$ Mn), 2015–
2024
8.15 Europe Roofing Market, 2015 and 2024
8.16 Europe Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.17 Europe Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.18 Europe Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.19 Europe Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.20 France Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.21 France Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.22 France Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.23 France Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.24 U.K. Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.25 U.K. Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.26 U.K. Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.27 U.K. Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.28 Spain Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.29 Spain Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.30 Spain Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.31 Spain Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.32 Germany Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.33 Germany Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.34 Germany Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.35 Germany Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.36 Italy Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.37 Italy Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.38 Italy Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.39 Italy Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.40 Rest of Europe Roofing Market Volume, by Product Segment (Million square meter), 2015–
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8.41 Rest of Europe Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.42 Rest of Europe Roofing Market Volume, by Application Segment (Million square meter), 2015–
2024
8.43 Rest of Europe Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.44 Asia Pacific Roofing Market, 2015 and 2024
8.45 Asia Pacific Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.46 Asia Pacific Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.47 Asia Pacific Roofing Market Volume, by Application Segment (Million square meter), 2015–
2024
8.48 Asia Pacific Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.49 China Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.50 China Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.51 China Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.52 China Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.53 Japan Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.54 Japan Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.55 Japan Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.56 Japan Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.57 ASEAN Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.58 ASEAN Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.59 ASEAN Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.60 ASEAN Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.61 Rest of Asia Pacific Roofing Market Volume, by Product Segment (Million square meter),
2015–2024
8.62 Rest of Asia Pacific Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.63 Rest of Asia Pacific Roofing Market Volume, by Application Segment (Million square meter),
2015–2024
8.64 Rest of Asia Pacific Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.65 Latin America Roofing Market, 2015 and 2024
8.66 Latin America Roofing Market Volume, by Product Segment (Million square meter), 2015–
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8.67 Latin America Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.68 Latin America Roofing Market Volume, by Application Segment (Million square meter), 2015–
2024
8.69 Latin America Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.70 Brazil Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.71 Brazil Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.72 Brazil Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.73 Brazil Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.74 Rest of Latin America Roofing Market Volume, by Product Segment (Million square meter),
2015–2024
8.75 Rest of Latin America Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.76 Rest of Latin America Roofing Market Volume, by Application Segment (Million square meter),
2015–2024
8.77 Rest of Latin America Roofing Market Revenue, by Application Segment (US$ Mn), 2015–
2024
8.78 Middle East & Africa Roofing Market, 2015 and 2024
8.79 Middle East & Africa Roofing Market Volume, by Product Segment (Million square meter),
2015–2024
8.80 Middle East & Africa Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.81 Middle East & Africa Roofing Market Volume, by Application Segment (Million square meter),
2015–2024
8.82 Middle East & Africa Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.83 GCC Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.84 GCC Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.85 GCC Roofing Market Volume, by Application Segment (Million square meter), 2015–2024
8.86 GCC Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.87 South Africa Roofing Market Volume, by Product Segment (Million square meter), 2015–2024
8.88 South Africa Roofing Market Revenue, by Product Segment (US$ Mn), 2015–2024
8.89 South Africa Roofing Market Volume, by Application Segment (Million square meter), 2015–
2024
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8.90 South Africa Roofing Market Revenue, by Application Segment (US$ Mn), 2015–2024
8.91 Rest of Middle East & Africa Roofing Market Volume, by Product Segment (Million square
meter), 2015–2024
8.92 Rest of Middle East & Africa Roofing Market Revenue, by Product Segment (US$ Mn), 2015–
2024
8.93 Rest of Middle East & Africa Roofing Market Volume, by Application Segment (Million square
meter), 2015–2024
8.94 Rest of Middle East & Africa Roofing Market Revenue, by Application Segment (US$ Mn),
2015–2024
9 Chapter Company Profiles
9.1 Atlas Roofing Corporation
9.2 Duro-Last Roofing, Inc.
9.3 CertainTeed Corporation
9.4 Braas Monier Building Group Services S.A
9.5 GAF
9.6 Johns Manville
9.7 IKO Industries Ltd.
9.8 Owens Corning
9.9 Firestone Building Products Company
9.10 TAMKO Building Products, Inc.
9.11 Carlisle
10 Chapter Primary Research – Key Findings
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Global Roofing Market is projected to reach US$ 124,501.8 Mn by 2024, bituminous roofing was the largest product segment of the roofing market in 2015; Industry size of roofing market in expanding at a CAGR of 6.4% from 2016 to 2024