Global Roofing Materials Market projected to grow to USD 187.10 billion by 2033, led by North America

From Globe Newswire: 2024-08-09 18:00:00

The Global Roofing Materials Market is projected to grow from USD 128.90 billion in 2023 to USD 187.10 billion by 2033, with a CAGR of 3.80%. Roofing materials protect buildings from weather and enhance aesthetics. Factors influencing the market include economic conditions, technological advancements, and climate demands.

Concrete & clay tiles are expected to dominate the roofing materials market due to their durability and energy efficiency. The residential sector is predicted to hold the highest market share, driven by new housing demand and home renovations. North America leads the market, with Asia Pacific showing the highest growth potential.

Major players in the roofing materials market include GAF, CertainTeed, Owens Corning, and more. Recent developments include Owens Corning’s acquisition of Natural Polymers in 2022. Market segments include product (asphalt shingles, concrete & clay tiles) and application (residential, non-residential). The report provides key insights into industry trends and forecasts.



Read more at Globe Newswire: Global Roofing Materials Market Size To Worth USD 187.10