Roofing Market Opportunities and Forecast 2030 | To Reach $156.0 Bn

The demand for roofing products has surged due to their extended lifespan, ease of installation, and the availability of environmentally friendly materials. Furthermore, advancements in technology, such as the introduction of green roofing, contribute to the growth of the roofing market.

Green roofing, for instance, provides buildings with protection from direct solar heat in summer and minimizes heat loss in winter by incorporating additional insulation onto the roof.

According to a new report published by Allied Market Research, titled, the global roofing market size was valued at $102.4 billion in 2020 and is expected to reach $156.0 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

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Market Outlook:
Major types of roofing products included in the report are bituminous roofing, metal roofing, tile roofing, and others (Plastic & RCC roofing). Bituminous roofing constituted the highest market share in 2020, owing to increased demand in residential and commercial buildings, technological innovations, and high durability.

These roofing products find application across various sectors including residential and commercial buildings. Commercial buildings held the largest market share in the roofing industry in 2020.

The increased adoption of contemporary roofing materials like bitumen, tile, and metal has notably influenced commercial construction, particularly in industrial buildings, over the past two decades. Moreover, the rise in population migration in Europe has spurred the demand for commercial construction, consequently driving the need for roofing products.

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Global Roofing Market Segments -

By Roofing Material -

Bituminous Roofing
Metal Roofing
Tile Roofing
Others (RCC & Plastics)

By Roofing Type -

Flat Roof
Slope Roof

By Application -

Residential
Commercial
Industrial

Top Players:
The key players profiled in the roofing market report include3M Company, Atlas Roofing Corporation, BASF SE, Johns Manville, Duro-Last, Inc., E. I. Du Pont De Nemours, Inc., Owens Corning, Sika AG, Standard Industries Inc., and The Dow Chemical Company.

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