Lucintel Forecasts the Global Roofing Material Market to Reach $219 Billion by 2030

Lucintel Forecasts the Global Roofing Material Market to Reach $219 Billion by 2030

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According to the recent study the global roofing material market is projected to reach an estimated $219 billion by 2030 at a CAGR of 4% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for residential buildings and investments in the renovation and redevelopment of residential and commercial buildings.

A more than 150-page report to understand trends, opportunities and forecast in global roofing material market by product (shingles, metal, tiles, and others), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that tiles will remain the largest product segment, and it is also expected to witness the highest growth over the forecast period because they offer the advantages of durability, superior aesthetics, versatility, and ease of recycling.

Within the global roofing material market, residential will remain the largest application over the forecast period due to rising government and institutional support for the development of housing infrastructure in emerging economies, increasing population and growing preference for single-family housing structures.

APAC will remain the largest region over the forecast period due to urbanization and rapid industrialization, especially in China and India, coupled with population expansion in this region.

GAF Materials Corporation., Owens Corning, Saint-Gobain, Inc., BMI Group, Berkshire Hathaway are the major suppliers in the roofing material market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected].

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056