Roofing Market 2023-2027 analysis, size, current scenario, and future prospects with 3M Co., Atlas Roofing Corp., Axter Ltd., and more

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Jul 27, 2023, 05:30 ET

NEW YORK, July 27, 2023 /PRNewswire/ -- The roofing market is estimated to grow at a CAGR of 4.68% between 2022 and 2027, and the size of the market is forecast to increase by USD 32.18 billion, according to Technavio. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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., and Wienerberger AG are some of the major market participants. Although the Growing number of construction projects will offer immense growth opportunities, Health hazards associated with roofing chemicals will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. An increase in demand for smart roofing solutions is the major trend in the roofing market. A smart roof is one that performs independent functions. The smart roof's operation is governed and directed by an algorithm. A smart roof also manages and continuously monitors the condition of the roof, allowing problems to be found as they occur and fixing them as quickly as possible. In addition, there is no need to frequently inspect the roof to assess its condition because the sensors are continuously gathering essential data. However, these roofs can be built for both new construction and renovation projects. View the new Sample Report within minutes!

Technavio has announced its latest market research report titled Global Roofing Market

Roofing Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our roofing market report covers the following areas:

Roofing Market 2023-2027: Segmentation
Roofing Market is segmented as below:

Component

Material
Chemicals

Application

Residential
Commercial
Industrial

Geography

APAC
North America
Europe
South America
Middle East and Africa

The material segment will account for a major share of the market's growth during the forecast period. Based on their properties, certain materials have been chosen that can withstand adverse weather conditions like rain, snow, scorching sun, and subfreezing temperatures. Metal, wood, and concrete are just a few examples of the materials used to construct roofs' highest layers. Slates shakes, and shingles are preferred by homeowners because they come in a variety of colors, patterns, and textures. In the market, there are numerous vendors who specialize in selling roofing supplies. Hence, these factors are expected to drive segment growth during the forecast period.

Roofing Market 2023-2022: Market Dynamics

Key Drivers

The growing number of construction projects is a key factor driving the growth of the global roofing market. The increasing investments in the remodeling and reconstruction of commercial and residential structures are the key factors driving the growth. The roof, one of the most key parts of the construction, not only provides protection but also enhances the building's appearance. Furthermore, the growth of the construction industry, which comprises new building and renovation projects, is aligned with the need for roofing materials in the APAC region. Worldwide demand for building and construction work has risen as a result of rapid industrialization, which has also increased demand for roofing supplies. Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenges

Health hazards associated with roofing chemicals are a significant challenge restricting market growth. Roofing chemicals possess several characteristic properties and significant applications in commercial and non-commercial buildings, there are some adverse effects associated with their use. For instance, bitumen has severe toxicity owing to its petrochemical origin. In addition, bitumen can be hazardous to workers as it may cause burns in case of splashes and spills. In addition, cause coughing, irritation to the throat, headache, skin rashes, fatigue, eye irritation, and lung problems are caused by fumes produced by heating bitumen. Therefore, health hazards are expected to restrict market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offering

3M Co. - The company offers 3M roofing granules for contractors, manufacturers, and homeowners.
Atlas Roofing Corp. - The company offers various types of roofing such as shingles, underlayment, and ventilation roofing.
Berkshire Hathaway Inc. - The company offers roofing such as single-ply commercial roofing under its subsidiary called Johns Manville.

Roofing Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist roofing market growth during the next five years
Estimation of the roofing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the roofing market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of roofing market vendors

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Roofing Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.68%
Market growth 2023-2027	USD 32.18 billion
Market structure	Fragmented
YoY growth 2022- 2023 (%)	3.8
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 35%
Key countries	US, China, Japan, India, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	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., and Wienerberger AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global roofing market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on global roofing market 2017 - 2021 ($ billion)

4.2 Component Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)

4.3 Application Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments

Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

6.2 Comparison by Component

Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component

6.3 Material - Market size and forecast 2022-2027

Exhibit 34: Chart on Material - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Material - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Material - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Material - Year-over-year growth 2022-2027 (%)

6.4 Chemicals - Market size and forecast 2022-2027

Exhibit 38: Chart on Chemicals - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Chemicals - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Component

Exhibit 42: Market opportunity by Component ($ billion)
Exhibit 43: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 44: Chart on Application - Market share 2022-2027 (%)
Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application

Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application

7.3 Residential - Market size and forecast 2022-2027

Exhibit 48: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Residential - Year-over-year growth 2022-2027 (%)

7.4 Commercial - Market size and forecast 2022-2027

Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

7.5 Industrial - Market size and forecast 2022-2027

Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Application

Exhibit 60: Market opportunity by Application ($ billion)
Exhibit 61: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027

Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 107: Market opportunity by geography ($ billion)
Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 111: Overview on factors of disruption

11.4 Industry risks

Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 113: Vendors covered

12.2 Market positioning of vendors

Exhibit 114: Matrix on vendor position and classification

12.3 3M Co.

Exhibit 115: 3M Co. - Overview
Exhibit 116: 3M Co. - Business segments
Exhibit 117: 3M Co. - Key news
Exhibit 118: 3M Co. - Key offerings
Exhibit 119: 3M Co. - Segment focus

12.4 Atlas Roofing Corp.

Exhibit 120: Atlas Roofing Corp. - Overview
Exhibit 121: Atlas Roofing Corp. - Product / Service
Exhibit 122: Atlas Roofing Corp. - Key offerings

12.5 Axter Ltd.

Exhibit 123: Axter Ltd. - Overview
Exhibit 124: Axter Ltd. - Product / Service
Exhibit 125: Axter Ltd. - Key offerings

12.6 BASF SE

Exhibit 126: BASF SE - Overview
Exhibit 127: BASF SE - Business segments
Exhibit 128: BASF SE - Key news
Exhibit 129: BASF SE - Key offerings
Exhibit 130: BASF SE - Segment focus

12.7 Berkshire Hathaway Inc.

Exhibit 131: Berkshire Hathaway Inc. - Overview
Exhibit 132: Berkshire Hathaway Inc. - Business segments
Exhibit 133: Berkshire Hathaway Inc. - Key news
Exhibit 134: Berkshire Hathaway Inc. - Key offerings
Exhibit 135: Berkshire Hathaway Inc. - Segment focus

12.8 Compagnie de Saint Gobain

Exhibit 136: Compagnie de Saint Gobain - Overview
Exhibit 137: Compagnie de Saint Gobain - Business segments
Exhibit 138: Compagnie de Saint Gobain - Key news
Exhibit 139: Compagnie de Saint Gobain - Key offerings
Exhibit 140: Compagnie de Saint Gobain - Segment focus

12.9 Dow Chemical Co.

Exhibit 141: Dow Chemical Co. - Overview
Exhibit 142: Dow Chemical Co. - Business segments
Exhibit 143: Dow Chemical Co. - Key news
Exhibit 144: Dow Chemical Co. - Key offerings
Exhibit 145: Dow Chemical Co. - Segment focus

12.10 DuPont de Nemours Inc.

Exhibit 146: DuPont de Nemours Inc. - Overview
Exhibit 147: DuPont de Nemours Inc. - Business segments
Exhibit 148: DuPont de Nemours Inc. - Key news
Exhibit 149: DuPont de Nemours Inc. - Key offerings
Exhibit 150: DuPont de Nemours Inc. - Segment focus

12.11 Etex NV

Exhibit 151: Etex NV - Overview
Exhibit 152: Etex NV - Business segments
Exhibit 153: Etex NV - Key news
Exhibit 154: Etex NV - Key offerings
Exhibit 155: Etex NV - Segment focus

12.12 Holcim Ltd.

Exhibit 156: Holcim Ltd. - Overview
Exhibit 157: Holcim Ltd. - Business segments
Exhibit 158: Holcim Ltd. - Key offerings
Exhibit 159: Holcim Ltd. - Segment focus

12.13 IKO Industries Ltd.

Exhibit 160: IKO Industries Ltd. - Overview
Exhibit 161: IKO Industries Ltd. - Product / Service
Exhibit 162: IKO Industries Ltd. - Key offerings

12.14 Oriental Yuhong

Exhibit 163: Oriental Yuhong - Overview
Exhibit 164: Oriental Yuhong - Product / Service
Exhibit 165: Oriental Yuhong - Key offerings

12.15 Owens Corning

Exhibit 166: Owens Corning - Overview
Exhibit 167: Owens Corning - Business segments
Exhibit 168: Owens Corning - Key news
Exhibit 169: Owens Corning - Key offerings
Exhibit 170: Owens Corning - Segment focus

12.16 Sika AG

Exhibit 171: Sika AG - Overview
Exhibit 172: Sika AG - Business segments
Exhibit 173: Sika AG - Key news
Exhibit 174: Sika AG - Key offerings
Exhibit 175: Sika AG - Segment focus

12.17 Standard Industries Ltd.

Exhibit 176: Standard Industries Ltd. - Overview
Exhibit 177: Standard Industries Ltd. - Business segments
Exhibit 178: Standard Industries Ltd. - Key offerings
Exhibit 179: Standard Industries Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 182: Currency conversion rates for US$

13.4 Research methodology

Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources

13.5 List of abbreviations

Exhibit 186: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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