1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Roofing Materials Market?
The projected CAGR is approximately 3.7%.
U.S. Roofing Materials MarketU.S. Roofing Materials Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033
U.S. Roofing Materials Market by Material (Bituminous, Tile, Metal, Elastomeric, Others), by End-use Industry (Residential, Non-Residential, Industrial), by Forecast 2025-2033
Base Year: 2024
180 Pages
U.S. Roofing Materials Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033
U.S. Roofing Materials Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033
Key Insights
The U.S. Roofing Materials Market size was valued at USD 25.21 USD Billion in 2023 and is projected to reach USD 32.51 USD Billion by 2032, exhibiting a CAGR of 3.7 % during the forecast period. The U.S. roofing materials market is an adaptable one that moves by the level of activity of the construction and climate industries, in addition to the advancement of technology. It presents self-lasting, open-weather selections for the construction of one's home, business or industry, with varied options of architectural styles and money taking the budgets into account. These materials comprise asphalt shingles, metal roofing, tile, and membranes, getting updated with superior strength and eco-friendliness. Their influence is substantial in terms of building design, energy balancing, and aesthetics which for example may be seen as higher property appraisals and decreased maintenance costs. In general, the market offers innovative and varied products for insulation and weather protection, which in turn affect construction culture norms and attributes of the building performance.
U.S. Roofing Materials Trends
- Increasing demand for sustainable roofing materials
- Growing popularity of metal roofing
- Rising adoption of solar-integrated roofing systems
- Increasing use of roofing underlayments
- Growing use of drones in roofing inspections
Driving Forces: What's Propelling the U.S. Roofing Materials Market
- Accelerating construction spending fueled by infrastructure projects and housing demand
- Growing environmental concerns and incentives driving demand for eco-friendly roofing solutions
- Increasing disposable income leading to higher consumer spending on home renovations
- Technological advancements in metal roofing systems, enhancing durability and aesthetic appeal
- Growing adoption of renewable energy, fostering the popularity of solar-integrated roofing
Challenges and Restraints in the U.S. Roofing Materials Market
- Volatility in raw material prices
- Labor shortages
- Weather-related challenges
- Competition from alternative roofing materials
Emerging Trends in U.S. Roofing Materials
- Development of self-healing roofing materials
- Increasing use of artificial intelligence (AI) in roofing
- Growing adoption of virtual reality (VR) in roofing training
- Increasing use of drones in roofing inspections
Growth Catalysts in the U.S. Roofing Materials Industry
- Government incentives for sustainable roofing
- Increasing awareness of the benefits of metal roofing
- Growing demand for roofing underlayments
- Increasing use of drones in roofing inspections
Market Segmentation: U.S. Roofing Materials Analysis
Material
- Bituminous
- Tile
- Metal
- Elastomeric
- Others
End-use Industry
- Residential
- Non-Residential
- Industrial
Leading Players in the U.S. Roofing Materials Market
- Owens Corning (U.S.)
- CertainTeed Corporation (U.S.)
- Atlas Roofing Corporation (U.S.)
- BMI Group (U.K.)
- Johns Manville (U.S.)
- IKO Industries Ltd. (Canada)
- GAF (U.S.)
- TAMKO Building Products, Inc. (U.S.)
- Carlisle Companies Incorporated (U.S.)
- Firestone Building Products Company, LLC (U.S.)
Significant Developments in U.S. Roofing Materials Sector
February 2023
- GAF Materials Corporation unveiled the Atlas Pinnacle Pristine Shingle, featuring advanced algae resistance and wind resistance.
- IKO Industries introduced the Dynasty® Legacy Shingle with Armorshield Technology, offering exceptional weather protection and durability.
January 2023
- CertainTeed Corporation announced a partnership with leading solar energy provider SunPower to offer comprehensive solar roofing systems.
October 2022
- Malarkey Roofing Products introduced the Vista® Cool Roof System, designed to reduce heat absorption and energy consumption.
August 2022
- TAMKO Building Products announced the launch of the Heritage® Premium Shingles, providing enhanced wind and hail resistance.
- Eagle Roofing Products debuted the Atlas Pinnacle Pristine Shingle, offering exceptional protection and architectural appeal.
Comprehensive Coverage U.S. Roofing Materials Market Report
The comprehensive report provides an in-depth analysis of the U.S. roofing materials market, including market size, growth drivers, challenges, and opportunities. The report also provides a detailed segmentation of the market by material, end-use industry, and region.
Regional Insight
The U.S. roofing materials market is characterized by its geographical diversity, with different regions exhibiting distinct trends and preferences.
- Northeast: The Northeast region is home to a mix of urban and rural areas, with a significant presence of old and historic buildings. This region has a high demand for roofing materials that offer durability, energy efficiency, and historical preservation.
- Midwest: The Midwest region experiences extreme weather conditions, including cold winters and hot summers. As a result, roofing materials in this region are designed to withstand these fluctuations and provide adequate insulation.
- South: The South region has a warm climate and is prone to hurricanes and other weather events. Roofing materials in this region are typically lightweight, impact-resistant, and designed to withstand high temperatures.
- West: The West region has a diverse landscape, ranging from coastal areas to mountains. Roofing materials in this region must adapt to varying climatic conditions, such as wildfires, earthquakes, and heavy rainfall.
Consumer Side Analysis
The report provides an analysis of consumer trends in the U.S. roofing materials market, including preferences, purchasing habits, and brand loyalty.
Demand Side Analysis
The report provides an analysis of the demand for roofing materials in the U.S., including demand by end-use industry and region.
Import And Export Analysis
The report provides an analysis of the import and export of roofing materials in the U.S., including key import and export partners and trends.
Pricing Strategies
The report provides an analysis of pricing strategies in the U.S. roofing materials market, including pricing by material, end-use industry, and region.
Segmentation
The report provides a detailed segmentation of the U.S. roofing materials market by material, end-use industry, and region.
U.S. Roofing Materials Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 3.7% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Building and Construction Industry Supported by Government Initiatives to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. Higher Prices of Roofing Materials to Limit Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Demand for Sustainable Materials to Present Lucrative Opportunities for Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Material
- 5.1.1. Bituminous
- 5.1.2. Tile
- 5.1.3. Metal
- 5.1.4. Elastomeric
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by End-use Industry
- 5.2.1. Residential
- 5.2.2. Non-Residential
- 5.2.3. Industrial
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Material
- 6. Northeast U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Roofing Materials Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Owens Corning (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 CertainTeed Corporation (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Atlas Roofing Corporation (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 BMI Group (U.K.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Johns Manville (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 IKO Industries Ltd. (Canada)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 GAF (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 TAMKO Building Products Inc. (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Carlisle Companies Incorporated (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Firestone Building Products Company LLC (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Owens Corning (U.S.)
List of Figures
- Figure 1: U.S. Roofing Materials Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: U.S. Roofing Materials Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Region 2019 & 2032
- Table 3: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Material 2019 & 2032
- Table 4: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Material 2019 & 2032
- Table 5: U.S. Roofing Materials Market Revenue USD Billion Forecast, by End-use Industry 2019 & 2032
- Table 6: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by End-use Industry 2019 & 2032
- Table 7: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 8: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Region 2019 & 2032
- Table 9: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 10: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Country 2019 & 2032
- Table 11: Northeast U.S. Roofing Materials Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: Northeast U.S. Roofing Materials Market Volume (Million Square Meters) Forecast, by Application 2019 & 2032
- Table 13: Southeast U.S. Roofing Materials Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: Southeast U.S. Roofing Materials Market Volume (Million Square Meters) Forecast, by Application 2019 & 2032
- Table 15: Midwest U.S. Roofing Materials Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Midwest U.S. Roofing Materials Market Volume (Million Square Meters) Forecast, by Application 2019 & 2032
- Table 17: Southwest U.S. Roofing Materials Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Southwest U.S. Roofing Materials Market Volume (Million Square Meters) Forecast, by Application 2019 & 2032
- Table 19: West U.S. Roofing Materials Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 20: West U.S. Roofing Materials Market Volume (Million Square Meters) Forecast, by Application 2019 & 2032
- Table 21: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Material 2019 & 2032
- Table 22: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Material 2019 & 2032
- Table 23: U.S. Roofing Materials Market Revenue USD Billion Forecast, by End-use Industry 2019 & 2032
- Table 24: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by End-use Industry 2019 & 2032
- Table 25: U.S. Roofing Materials Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 26: U.S. Roofing Materials Market Volume Million Square Meters Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Roofing Materials Market?
Key companies in the market include Owens Corning (U.S.), CertainTeed Corporation (U.S.), Atlas Roofing Corporation (U.S.), BMI Group (U.K.), Johns Manville (U.S.), IKO Industries Ltd. (Canada), GAF (U.S.), TAMKO Building Products, Inc. (U.S.), Carlisle Companies Incorporated (U.S.), Firestone Building Products Company, LLC (U.S.).
3. What are the main segments of the U.S. Roofing Materials Market?
The market segments include Material, End-use Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD 25.21 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Growing Building and Construction Industry Supported by Government Initiatives to Drive Market Growth.
6. What are the notable trends driving market growth?
Rising Demand for Sustainable Materials to Present Lucrative Opportunities for Market Growth.
7. Are there any restraints impacting market growth?
Higher Prices of Roofing Materials to Limit Market Growth.
8. Can you provide examples of recent developments in the market?
February 2022: Johns Manville launched two new products, DynaSet 1K and 1-Part PermaFlas. These newly launched products will supplement the company’s extensive line of bituminous products.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Square Meters.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Roofing Materials Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Roofing Materials Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Roofing Materials Market?
To stay informed about further developments, trends, and reports in the U.S. Roofing Materials Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
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