Roofing Materials Market Size & Forecast [2033]

Roofing Materials Market Overview

The Roofing Materials Market size was valued at USD 119390.86 million in 2024 and is expected to reach USD 147808.14 million by 2033, growing at a CAGR of 2.4% from 2025 to 2033.

The global roofing materials market totaled about 140.7 billion USD in 2024, accounting for more than 35% of the overall building materials sector. Asia‑Pacific led regional usage with approximately 38.5%, followed by North America at around 27%, Europe at 24%, and the Middle East & Africa covering 10.5%. Asphalt shingles remain the most popular type globally, achieving around 47.6% of unit installations in 2024. Metal roofing holds about 15% of installed share, while clay tiles account for 12%, wood shingles for 5%, and composite or other systems for the remaining 20%. In 2023, North American residential reroofing demand reached approximately 158.6 million squares, with shingles capturing 81% of that volume. Europe deployed about 20% of asphalt shingle volume in Mediterranean coastal areas, especially in Spain and Italy. Asia‑Pacific growth in urban residential construction resulted in installation of approximately 53.7 billion USD worth of roofing materials in 2024. Meanwhile, contractor counts in the U.S. reached 96,474 registered professionals in 2023. The rising interest in green roofing, solar-reflective coatings (reducing energy absorption by over 20%), and solar panel-compatible roof systems is reshaping product development and replacement cycles.

Key Findings

Driver: Rising urban residential renovation and reroofing demand, with 158.6 million roofing squares replaced in North America in 2023.

Country/Region: Asia‑Pacific held approximately 38.5% of global installed roofing material share in 2024.

Segment: Asphalt shingles, representing about 47.6% of global material installations in 2024.

Roofing Materials Market Trends

Multiple trends are currently shaping the roofing materials market, driven by sustainability, performance demands, construction activity, and consumer preferences. Asphalt shingles dominate market volume, with nearly 47.6% of installation share globally in 2024. Within asphalt shingles, fiberglass variants make up 78.5%, while rugged architectural styles captured 44.2% of that segment. In the U.S., 82% of North American shingle volume is attributed to the U.S. market alone. Shingle demand, historically 158.6 million squares in 2023, continues to lead site-based reroofing activity, making it the top product type. Metal roofing is gaining traction, now representing about 15% of global installations. Demand drivers include durability (lasting 40–70 years) and lightweight design. In the U.S. metal shingle segment alone added more than 557 million USD in value during 2024. Clay tile roofing accounts for approximately 12% of global rooftops, with installations concentrated in Europe, Latin America, and parts of Asia. In regions such as Spain and Italy, clay tile demand reached over 10 million square meters in 2023. Wood shingles, though niche at 5% of global volume, are increasingly popular for heritage, cottage, or premium residential architecture. The U.S. Pacific Northwest recorded installations of over 1.2 million square meters of wood shingles in 2023, driven by timber-built housing. Composite and other roofing systems (including solar-integrated panels, single-ply membranes, and fiber cement) cover the remaining 20% of installations. Solar-compatible coatings and panel interactivity were used on over 10 million rooftops globally in 2023, reflecting energy-efficiency trends. Regional shifts follow contrasting paths. Asia‑Pacific, with 38.5% market share, installed over 53.7 billion USD worth of roofing materials in 2024, heavily in urban new builds. North America, at 27%, recorded 158.6 million square reroofing installs in 2023, reflecting high lifecycle replacement cycles. Europe consumed 24% of roofing volume, with green roofing installations increasing by 20% year-over-year. Middle East & Africa, at 10.5% share, is seeing growth through large-scale commercial and infrastructure roofing projects. Eco-friendly roofing has surged. Reflective coating usage reduced energy absorption by over 20% on dark roof surfaces. Green roofing—using vegetation—covered 1.5 million square meters in urban European and North American projects in 2023. Meanwhile, regulatory incentives led to double-digit increases in solar-roof adoption. E-commerce and distribution shifts are underway. Roofing wholesalers and builder-supply chains account for 60% of sales, while online sales—especially of DIY metal or composite tiles—grew by 18%. This mirrors product availability expansion in new digital channels. Resilient roofing materials are gaining demand due to climate events. Following severe weather in 2023, North American reroofing demand jumped 19%, particularly in regions prone to wind or ice. Materials meeting impact and fire-resistance standards saw 15% higher installation rates. These trends spotlight a dynamic roofing materials market evolving through material innovation, sustainability, digital distribution, property resilience, and diverse application requirements.

Roofing Materials Market Dynamics

DRIVER

Urgent need for reroofing in mature housing stock

In the United States, homeowners replaced approximately 158.6 million roofing squares in 2023, largely due to aging infrastructure and recurring severe weather events. Asphalt shingles, which account for nearly 82% of these reroofing projects, remain the dominant choice because of their affordability and ease of installation. Rapid urbanization in Asia-Pacific, accounting for 38.5% of the global market, resulted in over 53.7 billion USD in roofing installations in 2024. Green roofing demand in Europe surged by 20% year-over-year, with governments incentivizing environmentally friendly rooftops to address urban heat islands and promote stormwater management.

RESTRAINT

Raw material volatility and supply chain strain

Prices for key roofing materials such as asphalt, fiberglass, steel, clay, and timber increased significantly over recent years. Fiberglass-based asphalt shingles currently represent 78.5% of the asphalt shingle segment, while PVC and TPO single-ply membranes account for about 15% of synthetic roofing systems. Supply chain disruptions pushed asphalt costs up by 25%, causing price hikes for end consumers. North America reported 96,474 registered roofing contractors, increasing competition and squeezing profit margins across suppliers and installers.

OPPORTUNITY

Energy-efficient and solar-compatible roofing solutions

Cool-roof technologies, including white thermoplastics and reflective shingles, can reflect up to 80% of solar radiation compared to 6–26% for conventional dark shingles. Reflective asphalt shingle coatings reduce solar heat absorption by over 20%. Solar-compatible roofing systems were installed on more than 10 million rooftops globally in 2023, as homeowners seek energy efficiency and utility savings. Green roofs, incorporating vegetation and waterproof membranes, covered approximately 1.5 million square meters across major urban centers in North America and Europe in 2023.

CHALLENGE

Regulatory complexity and labor shortages

Varying energy efficiency, stormwater, and building code regulations create compliance challenges for manufacturers and contractors. In North America, 94% of roofing projects involve residential reroofing, yet the skilled labor force continues to shrink. Labor costs increased by up to 18% on commercial roofing projects requiring specialized installers. In Asia-Pacific’s 38.5% market share, worker shortages have delayed installations and increased costs, especially in large-scale commercial developments.

Roofing Materials Market Segmentation

The roofing materials market is segmented by product type and application, each with its own growth characteristics driven by customer preferences, building codes, and construction trends.

By Type

Asphalt Shingles: hold approximately 47.6% of the global market share as of 2024. Within this category, fiberglass-based asphalt shingles represent 78.5%, while architectural shingles account for 44.2% of the asphalt segment. North America alone is responsible for around 49.8% of global asphalt shingle consumption.
Clay Tiles: make up about 12% of the global roofing market. Mediterranean regions such as Spain and Italy installed over 10 million square meters of clay tile roofing in 2023, largely for residential and heritage properties.
Metal Roofing: holds approximately 15% of global installations. Known for longevity of 40–70 years, metal roofs have seen strong growth in both residential and commercial applications. In the U.S., metal roofing added over 557 million USD in installation value in 2024.
Wood Shingles: represent a niche 5% of global volume. In 2023, the U.S. Pacific Northwest recorded more than 1.2 million square meters of wood shingles installed, particularly for custom homes and historic renovations.
Others: including composite roofs, single-ply membranes, solar-integrated tiles, and fiber cement—account for the remaining 20%. Over 10 million rooftops globally were fitted with solar-ready or integrated roofing systems during 2023.

By Application

Residential Construction: accounts for approximately 56–60% of global roofing material installations. In North America, homeowners replaced around 158.6 million squares of residential roofing in 2023, driven by aging homes, storm damage, and energy retrofits.
Commercial Construction: makes up the remaining 40–44% of global roofing demand. Large-scale installations on industrial campuses, retail centers, and government facilities increasingly favor single-ply membranes, metal systems, and green roof technologies, often covering hundreds of thousands of square meters per project.

Roofing Materials Market Regional Outlook

The roofing materials market exhibits diverse regional consumption patterns and growth drivers.

North America

the region represents approximately 27% of global roofing demand. Homeowner reroofing peaked at 158.6 million roofing squares in 2023, with asphalt shingles accounting for 81% of that volume. There are about 96,474 registered contractors, and metal roofing added over 557 million USD in material value in 2024. Reflective cool-roof coatings covered more than 12 million square meters, helping reduce heat absorption in residential and commercial segments.

Europe

captures around 24% of global installations. Clay tile usage is significant in Mediterranean countries—more than 10 million square meters installed in 2023—while green roofing covered 1.5 million square meters in urban centers. Solar-ready roofing systems were installed on 3.4 million roofs, and reflective coating usage grew by 20%.

Asia-Pacific

leads global volume at 38.5%. The region installed over 53.7 billion USD worth of roofing systems in 2024. Urban residential projects dominate, with 27,000 roofing contractors and 65 million units installed through e‑commerce. Metal roofing comprised 15% of installations, and solar-integrated systems were applied to 4.1 million rooftops last year.

Middle East & Africa

the market accounts for approximately 10.5% of global consumption. Large-scale commercial and infrastructure roofing projects accounted for 60% of installations, including single-ply membrane covers and metal roofing on over 5,200 facilities. Residential installations used asphalt shingles at 40% share, while reflective coatings were applied on 8 million square meters to counter high heat exposure.

List Of Roofing Materials Companies

Braas Monier Building Group
Etex
GAF Materials
Owens Corning
American Hydrotech
Atlas Roofing
CertainTeed
Eagle Roofing Products
IKO Industries
Johns Manville
Zappone Manufacturing
Euroshield

GAF Materials: The leading asphalt shingle manufacturer in North America, holding approximately 26% share of the U.S. residential roofing market. GAF's shingle production exceeds 3.5 million roofing squares per month, with over 22% of U.S. homes currently roofed with GAF products and distribution across 8,500 certified contractor partners.

Owens Corning: Second-largest globally in composite and asphalt roofing, capturing around 18% of global installed volume. Owens Corning manufactures more than 2.8 million roofing squares of shingles and composite panels monthly, and its engineered roofing systems were used in over 120,000 large-scale reroofing and new construction projects worldwide in 2023.

Investment Analysis and Opportunities

Investment in the roofing materials market reached approximately 1.9 billion USD in 2023–2024. 28 facility upgrades were completed to add energy-efficient production lines and cold-applied coating systems, increasing output by about 18%. 14 new membrane assembly plants were constructed globally, each adding capacity of 150,000 to 200,000 square meters per month. Public-sector initiatives accounted for 450 million USD in funding for cool-roof applications in schools and public buildings. Private funds injected 160 million USD toward solar-compatible roofing systems. Combined, these initiatives accelerated solar-ready rooftop deployments, reaching 10 million installed systems, and reflective roofing coverage expanded by 22% year-over-year. Industry players allocated 325 million USD into R&D targeting green roofing and recyclable composite tiles. These efforts resulted in lightweight composite panels that reduced per-panel weight by 15–20%, cutting shipping costs by 12%. 70% of the newly built composite systems are designed for full recyclability at end-of-life. Digital workflows and BIM integration—covering 25% of major commercial roofing projects—received 220 million USD in investment. This improved project timelines by 30%, reduced material waste by 12%, and enabled 15% faster project completion rates. Opportunity pipelines include expansion into retrofit markets (roof replacements covering 158.6 million squares in 2023), targeting Asia-Pacific’s 38.5% share with modular solar-termite-resistant tiles, and scaling contractor-focused training programs to address labor gaps in high-growth regions. Commercial facilities—accounting for 40–44% of market volume—offer room for durable metal and membrane growth. Capturing even 5% growth in commercial roofing equates to an additional 1 billion square feet of annual installations. Meanwhile, emerging markets in the Middle East & Africa (currently at 10.5% share) are expected to use 3 million additional solar-compatible panels by 2025.

New Product Development

The roofing materials market experienced significant innovation in 2023 and 2024, introducing over 85 new product models across asphalt shingles, metal roofing, composite panels, green roofing systems, and solar-compatible materials. These innovations were primarily driven by demand for higher energy efficiency, sustainability, structural advantages, and faster installation capabilities. One of the most significant advancements was the launch of cool-reflective asphalt shingles that incorporated ceramic granules, increasing solar reflectivity from 6% to 25%. This advancement reduced rooftop surface temperatures by 15 to 20°C, delivering measurable energy savings for homeowners. More than 12 million square meters of these cool shingles were installed globally across heat-intense regions, particularly in southern and southwestern climate zones where cooling demand is highest. Lightweight composite roofing panels emerged, weighing 15 to 20% less than traditional clay tiles or fiber cement alternatives. These panels reduced structural load by up to 20 kilograms per square meter, allowing for faster and easier installation even on older buildings that may have structural weight limitations. More than 2.2 million composite panels were sold for retrofit and urban infill projects, with transportation efficiency improved by 18% due to the weight savings. Metal roofing technology also advanced with the development of interlockable metal roofing strips designed for extreme weather resilience. These systems achieved wind-resistance ratings up to 150 km/h and were applied across over 3 million square meters of installations in coastal and hurricane-prone zones. The interlocking design not only improved structural integrity but also reduced installation time by 25% compared to traditional seam-welded systems. In the commercial sector, cold-applied waterproof membranes replaced traditional torch-applied systems. These cold-application membranes accelerated project completion times by 35% while enhancing installation safety. More than 4.5 million square meters of commercial low-slope roofs, including warehouses, gymnasiums, and educational campuses, adopted these membranes in 2023 alone. The expansion of green roofing continued with vegetated modular roofing trays, which offered simplified installation of green roof systems without requiring major structural modifications. Each tray covered approximately one square meter, with over 1.1 million trays deployed across public infrastructure projects, educational institutions, and multifamily housing developments. Solar-ready roofing systems combining shingles and metal panels with pre-engineered photovoltaic channels gained widespread adoption. These integrated systems facilitated the installation of 850,000 rooftop solar kits by mid-2024, combining renewable energy capture with complete weatherproof roofing. Self-healing polymer coatings entered the market, utilizing microencapsulated resins capable of automatically patching micro-cracks up to 0.5 millimeters. Applied to more than 7 million square meters of commercial thermoplastic polyolefin (TPO) and ethylene propylene diene monomer (EPDM) roofs, these coatings extended roofing membrane lifespan by up to 20%. Fire-retardant clay tile coatings were also introduced, particularly in wildfire-prone regions like California and Australia. These coatings slowed flame spread by an additional 15 seconds, helping to reduce fire risk and improve compliance with updated safety standards. In 2023, over 1.5 million square meters of these coated tiles were installed.

Five Recent Developments

A major manufacturer upgraded 28 production lines, increasing output by 18% and supporting cool-roof product rollouts.
Lightweight composite panels weighed 20% less, with 2.2 million units sold in 2024.
Interlockable metal roofing modules, rated for winds up to 150 km/h, were deployed across 3 million m².
Cold-applied waterproof membranes covered 4.5 million m² in commercial properties, reducing installation time by 35%.
Vegetated modular roofing trays installed over 1.1 million m², targeting urban green infrastructure.

Report Coverage of Roofing Materials Market

This report offers an extensive review of the roofing materials market, including segmentation, regional trends, corporate strategies, product innovation, investment activity, and recent developments. Product types are analyzed in detail, with asphalt shingles leading at 47.6% share, clay tiles at 12%, metal roofing at 15%, wood shingles at 5%, and composite/other systems at 20%. Residential construction holds approximately 56–60% of installed volume, while commercial construction accounts for 40–44%. The report maps global market volume across regions—Asia-Pacific leads with 38.5%, North America follows at 27%, Europe at 24%, and Middle East & Africa at 10.5%, detailing rooftop square installations, contractor numbers, and per-square consumption metrics. Company profiles feature the two highest-share entities: GAF Materials (26% U.S. share, producing 3.5 million squares/month, servicing 8,500 contractors) and Owens Corning (18% global share, 2.8 million squares monthly output, used in 120,000+ large projects). Investment analysis covers 1.9 billion USD allocated toward production modernization, sustainable material R&D, solar-ready system development, and digitalization in commercial construction projects. Key metrics include 450 million USD in public incentives, 10 million solar rooftops, and 220 million USD invested in digital project workflows. Product innovation encapsulates 85 new launches, including cool-shingles (12 million m² installed), lightweight composites (2.2 million pieces sold), interlockable metal strips (3 million m²), cold-applied systems (4.5 million m²), and green roofing trays (1.1 million m²). Five recent major developments are captured, including production upgrades, new panel installations, high-wind metal systems, waterproofing advances, and green infrastructure rollouts. Combined, this report equips stakeholders such as manufacturers, contractors, investors, and policymakers with actionable insights into volume trends, material preferences, performance innovations, regulatory drivers, and market opportunities in the global roofing materials landscape.