Roofing Material market Analysis and Outlook Report: Industry Size, Share, Growth Trends, and Forecast (2025-2034)

Published On: Jan, 2025
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Pages: 153

"The Global Roofing Material market valued at USD 138.5 Billion in 2024, is expected to grow by 4.1% CAGR to reach market size worth USD 211.3 Billion by 2034."

The roofing material market is undergoing significant transformation, driven by emerging technologies, changing consumer preferences, and sustainability imperatives. As 2024 unfolds, manufacturers are embracing eco-friendly materials, such as recycled products and solar tiles, to address growing environmental concerns. This shift aligns with global efforts to reduce carbon footprints and adhere to stricter building regulations. Innovations in roofing technologies, including enhanced insulation, energy efficiency, and weather-resistant coatings, are becoming critical factors in product selection. These developments are reshaping the market landscape, leading to a more informed and conscious consumer base that prioritizes durability and performance alongside aesthetics.

Looking ahead to 2025, the roofing material market is poised for considerable growth as the demand for residential and commercial buildings continues to rise. The integration of smart technologies into roofing systems, such as green roofs and solar integration, will further propel market expansion. Moreover, government initiatives and incentives to promote sustainable building practices are expected to foster a favorable regulatory environment for roofing material suppliers. As consumers become increasingly aware of the benefits of energy-efficient solutions, manufacturers are strategically positioned to leverage these trends, providing innovative products that meet the evolving needs of modern construction.
The Global Roofing Material Market Analysis Report will provide a comprehensive assessment of business dynamics, offering detailed insights into how companies can navigate the evolving landscape to maximize their market potential through 2034. This analysis will be crucial for stakeholders aiming to align with the latest industry trends and capitalize on emerging market opportunities.

Roofing Material Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2034

In terms of market strategy, price trends, drivers, challenges, and opportunities from2025 to 2034, Roofing Material market players are directing investments toward acquiring new technologies, securing raw materials through efficient procurement and inventory management, enhancing product portfolios, and leveraging capabilities to sustain growth amidst challenging conditions. Regional-specific strategies are being emphasized due to highly varying economic and social challenges across countries.

Factors such as global economic slowdown, the impact of geopolitical tensions, delayed growth in specific regions, and the risks of stagflation necessitate a vigilant and forward-looking approach among Roofing Material industry players. Adaptations in supply chain dynamics and the growing emphasis on cleaner and sustainable practices further drive strategic shifts within companies.

The market study delivers a comprehensive overview of current trends and developments in the Roofing Material industry, complemented by detailed descriptive and prescriptive analyses for insights into the market landscape until 2034.

North America Roofing Material Market Analysis

The North America Roofing Material market demonstrated robust growth in 2024, driven by advancements in eco-friendly materials, regulatory shifts favoring sustainable production, and increased investments in R&D. Chemicals and Materials markets such as bio-based polymers, adhesives and sealants, and paints and coatings additives saw significant traction, spurred by strong demand from construction, automotive, and packaging sectors. The anticipated Roofing Material industry growth in 2025 is underpinned by heightened focus on green building materials, innovative self-healing materials, and expansion of end-user industries such as electronics and aerospace. Competitive dynamics reflect increasing collaboration between key players and technology providers, with a focus on sustainable innovation and scaling advanced manufacturing technologies. Major players are leveraging partnerships and acquisitions to address regulatory standards and expand their market presence, creating an intensely competitive landscape.

Europe Roofing Material Market Outlook

The European Roofing Material market maintained a steady growth trajectory in 2024, bolstered by stringent environmental regulations and the growing adoption of circular economy principles. High demand for specialty chemicals and bio-based polymers was observed due to infrastructure projects and the push for green building initiatives. From 2025 onward, growth is expected to accelerate with innovations in materials catering to advanced applications in pharmaceuticals, cosmetics, and industrial coatings. The region’s leadership in sustainable technologies and commitment to reducing carbon footprints are key driving factors. The competitive landscape is characterized by well-established global leaders and emerging regional players focusing on localized manufacturing and energy-efficient solutions, creating a diverse and evolving market.

Asia-Pacific Roofing Material Market Forecast

Asia-Pacific’s Roofing Material market experienced dynamic growth in 2024, fueled by industrialization, urbanization, and increasing investments in construction, automotive, and consumer goods. Overall, the chemicals and Materials segment saw exponential demand due to infrastructure projects and expanding manufacturing bases. Anticipated growth from 2025 is supported by government initiatives promoting domestic production and green manufacturing. Its competitive production costs and technological advancements drive the region's dominance in key end-use markets. The competitive landscape is highly fragmented, with local manufacturers scaling operations to meet global export demands while international players continue to expand their footprints through joint ventures and acquisitions.

Middle East, Africa, Latin America Roofing Material Market Overview

The Roofing Material market across the Rest of the World, encompassing Latin America, the Middle East, and Africa, showed promising growth in 2024. This growth was supported by rising investments in the construction and energy sectors, driven by increasing oil and gas exploration and infrastructure development. From 2025, anticipated growth will stem from industrial diversification efforts, especially in GCC countries, and the adoption of high-performance materials like potassium sorbate and self-healing materials in emerging industries. The competitive landscape is evolving as regional players strengthen production capabilities and international players capitalize on untapped markets through strategic partnerships.

Roofing Material Market Dynamics and Future Analytics

The research analyses the Roofing Material parent market, derived market, intermediaries’ market, raw material market, and substitute market are all evaluated to better prospect the Roofing Material market outlook. Geopolitical analysis, demographic analysis, and Porter’s five forces analysis are prudently assessed to estimate the best Roofing Material market projections.

Recent deals and developments are considered for their potential impact on Roofing Material's future business. Other metrics analyzed include the Threat of New Entrants, Threat of New Substitutes, Product Differentiation, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Roofing Material market.

Roofing Material trade and price analysis helps comprehend Roofing Material's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist our clients in planning procurement, identifying potential vendors/clients to associate with, understanding Roofing Material price trends and patterns, and exploring new Roofing Material sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Roofing Material market.

Roofing Material Market Structure, Competitive Intelligence and Key Winning Strategies

The report presents detailed profiles of top companies operating in the Roofing Material market and players serving the Roofing Material value chain along with their strategies for the near, medium, and long term period.

OGAnalysis’ proprietary company revenue and product analysis model unveils the Roofing Material market structure and competitive landscape. Company profiles of key players with a business description, product portfolio, SWOT analysis, Financial Analysis, and key strategies are covered in the report. It identifies top-performing Roofing Material products in global and regional markets. New Product Launches, Investment & Funding updates, Mergers & Acquisitions, Collaboration & Partnership, Awards and Agreements, Expansion, and other developments give our clients the Roofing Material market update to stay ahead of the competition.
Company offerings in different segments across Asia-Pacific, Europe, the Middle East, Africa, and South and Central America are presented to better understand the company strategy for the Roofing Material market. The competition analysis enables users to assess competitor strategies and helps align their capabilities and resources for future growth prospects to improve their market share.

Roofing Material Market Research Scope
• Global Roofing Material market size and growth projections (CAGR), 2024- 2034
• Policies of USA New President Trump, Russia-Ukraine War, Israel-Palestine, Middle East Tensions Impact on the Roofing Material Trade and Supply-chain
• Roofing Material market size, share, and outlook across 5 regions and 27 countries, 2023- 2034
• Roofing Material market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2023- 2034
• Short and long-term Roofing Material market trends, drivers, restraints, and opportunities
• Porter’s Five Forces analysis, Technological developments in the Roofing Material market, Roofing Material supply chain analysis
• Roofing Material trade analysis, Roofing Material market price analysis, Roofing Material supply/demand
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
• Latest Roofing Material market news and developments
The Roofing Material Market international scenario is well established in the report with separate chapters on North America Roofing Material Market, Europe Roofing Material Market, Asia-Pacific Roofing Material Market, Middle East and Africa Roofing Material Market, and South and Central America Roofing Material Markets. These sections further fragment the regional Roofing Material market by type, application, end-user, and country.

Regional Insights
North America Roofing Material market data and outlook to 2034
United States
Canada
Mexico

Europe Roofing Material market data and outlook to 2034
Germany
United Kingdom
France
Italy
Spain
BeNeLux
Russia

Asia-Pacific Roofing Material market data and outlook to 2034
China
Japan
India
South Korea
Australia
Indonesia
Malaysia
Vietnam

Middle East and Africa Roofing Material market data and outlook to 2034
Saudi Arabia
South Africa
Iran
UAE
Egypt

South and Central America Roofing Material market data and outlook to 2034
Brazil
Argentina
Chile
Peru

* We can include data and analysis of additional coutries on demand

Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways
1. The report provides 2024 Roofing Material market sales data at the global, regional, and key country levels with a detailed outlook to 2034 allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.

2. The research includes the Roofing Material market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment

3. The Roofing Material market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks

4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business

5. The study assists investors in analyzing Roofing Material business prospects by region, key countries, and top companies' information to channel their investments.

Available Customizations
The standard syndicate report is designed to serve the common interests of Roofing Material Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below –
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Roofing Material Pricing and Margins Across the Supply Chain, Roofing Material Price Analysis / International Trade Data / Import-Export Analysis,
Supply Chain Analysis, Supply – Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Roofing Material market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.

Note: Latest developments will be updated in the report and delivered within 2 to 3 working days
1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Global Roofing Material Market Review, 2024
2.1 Roofing Material Industry Overview
2.2 Research Methodology

3. Roofing Material Market Insights
3.1 Roofing Material Market Trends to 2034
3.2 Future Opportunities in Roofing Material Market
3.3 Dominant Applications of Roofing Material, 2024 Vs 2034
3.4 Key Types of Roofing Material, 2024 Vs 2034
3.5 Leading End Uses of Roofing Material Market, 2024 Vs 2034
3.6 High Prospect Countries for Roofing Material Market, 2024 Vs 2034

4. Roofing Material Market Trends, Drivers, and Restraints
4.1 Latest Trends and Recent Developments in Roofing Material Market
4.2 Key Factors Driving the Roofing Material Market Growth
4.2 Major Challenges to the Roofing Material industry, 2025- 2034
4.3 Impact of Wars and geo-political tensions on Roofing Material supply chain

5 Five Forces Analysis for Global Roofing Material Market
5.1 Roofing Material Industry Attractiveness Index, 2024
5.2 Roofing Material Market Threat of New Entrants
5.3 Roofing Material Market Bargaining Power of Suppliers
5.4 Roofing Material Market Bargaining Power of Buyers
5.5 Roofing Material Market Intensity of Competitive Rivalry
5.6 Roofing Material Market Threat of Substitutes

6. Global Roofing Material Market Data – Industry Size, Share, and Outlook
6.1 Roofing Material Market Annual Sales Outlook, 2025- 2034 ($ Million)
6.1 Global Roofing Material Market Annual Sales Outlook by Type, 2025- 2034 ($ Million)
6.2 Global Roofing Material Market Annual Sales Outlook by Application, 2025- 2034 ($ Million)
6.3 Global Roofing Material Market Annual Sales Outlook by End-User, 2025- 2034 ($ Million)
6.4 Global Roofing Material Market Annual Sales Outlook by Region, 2025- 2034 ($ Million)

7. Asia Pacific Roofing Material Industry Statistics – Market Size, Share, Competition and Outlook
7.1 Asia Pacific Market Insights, 2024
7.2 Asia Pacific Roofing Material Market Revenue Forecast by Type, 2025- 2034 (USD Million)
7.3 Asia Pacific Roofing Material Market Revenue Forecast by Application, 2025- 2034(USD Million)
7.4 Asia Pacific Roofing Material Market Revenue Forecast by End-User, 2025- 2034 (USD Million)
7.5 Asia Pacific Roofing Material Market Revenue Forecast by Country, 2025- 2034 (USD Million)
7.5.1 China Roofing Material Analysis and Forecast to 2034
7.5.2 Japan Roofing Material Analysis and Forecast to 2034
7.5.3 India Roofing Material Analysis and Forecast to 2034
7.5.4 South Korea Roofing Material Analysis and Forecast to 2034
7.5.5 Australia Roofing Material Analysis and Forecast to 2034
7.5.6 Indonesia Roofing Material Analysis and Forecast to 2034
7.5.7 Malaysia Roofing Material Analysis and Forecast to 2034
7.5.8 Vietnam Roofing Material Analysis and Forecast to 2034

7.6 Leading Companies in Asia Pacific Roofing Material Industry

8. Europe Roofing Material Market Historical Trends, Outlook, and Business Prospects
8.1 Europe Key Findings, 2024
8.2 Europe Roofing Material Market Size and Percentage Breakdown by Type, 2025- 2034 (USD Million)
8.3 Europe Roofing Material Market Size and Percentage Breakdown by Application, 2025- 2034 (USD Million)
8.4 Europe Roofing Material Market Size and Percentage Breakdown by End-User, 2025- 2034 (USD Million)
8.5 Europe Roofing Material Market Size and Percentage Breakdown by Country, 2025- 2034 (USD Million)
8.5.1 2024 Germany Roofing Material Market Size and Outlook to 2034
8.5.2 2024 United Kingdom Roofing Material Market Size and Outlook to 2034
8.5.3 2024 France Roofing Material Market Size and Outlook to 2034
8.5.4 2024 Italy Roofing Material Market Size and Outlook to 2034
8.5.5 2024 Spain Roofing Material Market Size and Outlook to 2034
8.5.6 2024 BeNeLux Roofing Material Market Size and Outlook to 2034
8.5.7 2024 Russia Roofing Material Market Size and Outlook to 2034

8.6 Leading Companies in Europe Roofing Material Industry

9. North America Roofing Material Market Trends, Outlook, and Growth Prospects
9.1 North America Snapshot, 2024
9.2 North America Roofing Material Market Analysis and Outlook by Type, 2025- 2034($ Million)
9.3 North America Roofing Material Market Analysis and Outlook by Application, 2025- 2034($ Million)
9.4 North America Roofing Material Market Analysis and Outlook by End-User, 2025- 2034($ Million)
9.5 North America Roofing Material Market Analysis and Outlook by Country, 2025- 2034($ Million)
9.5.1 United States Roofing Material Market Analysis and Outlook
9.5.2 Canada Roofing Material Market Analysis and Outlook
9.5.3 Mexico Roofing Material Market Analysis and Outlook
9.6 Leading Companies in North America Roofing Material Business

10. Latin America Roofing Material Market Drivers, Challenges, and Growth Prospects
10.1 Latin America Snapshot, 2024
10.2 Latin America Roofing Material Market Future by Type, 2025- 2034($ Million)
10.3 Latin America Roofing Material Market Future by Application, 2025- 2034($ Million)
10.4 Latin America Roofing Material Market Future by End-User, 2025- 2034($ Million)
10.5 Latin America Roofing Material Market Future by Country, 2025- 2034($ Million)
10.5.1 Brazil Roofing Material Market Analysis and Outlook to 2034
10.5.2 Argentina Roofing Material Market Analysis and Outlook to 2034
10.5.3 Chile Roofing Material Market Analysis and Outlook to 2034

10.6 Leading Companies in Latin America Roofing Material Industry

11. Middle East Africa Roofing Material Market Outlook and Growth Prospects
11.1 Middle East Africa Overview, 2024
11.2 Middle East Africa Roofing Material Market Statistics by Type, 2025- 2034 (USD Million)
11.3 Middle East Africa Roofing Material Market Statistics by Application, 2025- 2034 (USD Million)
11.4 Middle East Africa Roofing Material Market Statistics by End-User, 2025- 2034 (USD Million)
11.5 Middle East Africa Roofing Material Market Statistics by Country, 2025- 2034 (USD Million)
11.5.1 South Africa Roofing Material Market Outlook
11.5.2 Egypt Roofing Material Market Outlook
11.5.3 Saudi Arabia Roofing Material Market Outlook
11.5.4 Iran Roofing Material Market Outlook
11.5.5 UAE Roofing Material Market Outlook

11.6 Leading Companies in Middle East Africa Roofing Material Business

12. Roofing Material Market Structure and Competitive Landscape
12.1 Key Companies in Roofing Material Business
12.2 Roofing Material Key Player Benchmarking
12.3 Roofing Material Product Portfolio
12.4 Financial Analysis
12.5 SWOT and Financial Analysis Review

14. Latest News, Deals, and Developments in Roofing Material Market
14.1 Roofing Material trade export, import value and price analysis

15 Appendix
15.1 Publisher Expertise
15.2 Roofing Material Industry Report Sources and Methodology

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FAQ's

The Global Roofing Material market is estimated to generate USD 142.7 Billion in revenue in 2025

The Global Roofing Material market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period from 2025 to 2034.

The Roofing Material market is estimated to reach USD 211.3 Billion by 2034.

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Published:Feb-2024

Combined Cycle Heat Recovery Steam Generator Market Outlook market

"The Combined Cycle Heat Recovery Steam Generator Market is estimated at USD 661.1 million in 2022. Further, the market is expected to grow from USD 685.2 million in 2023 to USD 926.9 million in 2030 at a CAGR of 4.41%." Combined Cycle Heat Recovery Steam Generator Market Market Overview Combined cycle power plants are power generation system that uses gas and steam turbines to produce electricity. The gas turbine generates electricity by burning natural gas or other fuels, while the steam turbine generates additional electricity by using the waste heat from the gas turbine to produce steam, which then drives the steam turbine. The power generation industry is leaning towards combined cycles, which are in high demand for their minimal delivery time and higher efficiency. A heat recovery steam generator (HRSG) is a critical combined cycle power plant component. It captures the waste heat from the gas turbine and generates steam, which is then used to drive the turbine. It boasts high thermal efficiency and produces minimal CO2 emissions. The heat is recovered in the form of steam, serving as the power source of a power-generating steam turbine. The construction of combined cycle power plants is considered a promising investment in a sustainable energy future for the coming decades. Latest Trends in Combined Cycle Heat Recovery Steam Generator Market Increasing adoption of combined cycle power plants: Combined cycle power plants are becoming more popular as they offer higher efficiency, lower emissions, and greater flexibility compared to traditional power plants. This is driving the demand for HRSGs, which are a key component of combined cycle power plants.A combined-cycle power plant uses both a gas and a steam turbine together to produce up to 50% more electricity from the same fuel than a traditional simple-cycle plant. The waste heat from the gas turbine is routed to the nearby steam turbine, which generates extra power. A combined-cycle power system is an established technology for larger, onshore power generation plants. The technology has also been used on three offshore installations for over 20 years in Norway. Offshore operators have experienced various corrosion issues and fatigue of tubes in the HRSG, mainly caused by maloperation. Driving Factors Emphasis on Energy Efficiency: Heat recovery steam generators are used to recover waste heat from the exhaust of gas turbines, boosting efficiency from 35% to 40% in a simple cycle (also known as open cycle) mode to a range of 55% to 60% in a combined cycle mode. The steam generated by the HRSG can be used for process heating or generating electricity in a steam turbine. Such units are installed on gas turbines ranging from below 1 MW to 320 MW. There is a growing emphasis on energy efficiency, and HRSGs are a key component in achieving this goal. HRSGs recover waste heat from gas turbines, which can be used to generate steam for electricity production, reducing the amount of fuel needed to produce the same amount of electricity. Market Challenges High Cost & Availability of Other Technologies: The installation of HRSGs in combined cycle power plants can be expensive, which can limit their adoption in some regions. This high initial cost may deter some power plant owners and operators from investing in HRSG technology. HRSGs are designed to recover waste heat from gas turbines, which limits their fuel flexibility. The use of alternative fuel sources such as biomass or coal may require modifications to the HRSG design, which can add to the cost and complexity of the technology. HRSGs are complex pieces of equipment that require specialized expertise to design, operate, and maintain. This complexity can increase the cost and time required for installation, as well as ongoing maintenance and repairs. While HRSGs offer several advantages, they also face competition from other technologies such as solar and wind power. These technologies may be more cost-effective and easier to deploy in certain regions. Companies Mentioned General Electric Company Mitsubishi Heavy Industries, Ltd. ABB Ltd John Wood Group Plc Cleaver-Brooks Inc. Siemens AG

Published:Feb-2024