×
Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    North America Roofing Materials Market Forecast 2027 By Type Of Construction (New Construction, Reroofing), By Material (Bituminous, Concrete & Clay Tiles, Metal, Elastomer, Plastics), By Application (Residential, Non-residential), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: November 2021   |   Report ID: GR2012   |   Delivery: PDF  Request Free Sample

    North America Roofing Materials Market size surpassed USD 29 billion in 2020 and is expected to exhibit a CAGR of 4.5% between 2021 and 2027.

    The market demand is owing to proliferating reroofing activities in the region along with growing residential construction projects across the U.S. Roofing materials, such as concrete & clay tiles, bituminous, metals, elastomers, and plastics, are used in on outer surfaces of the roofs of homes and industrial & commercial buildings. Roofing materials provide several advantages to the structure including waterproofing, temperature maintenance, aesthetic looks, etc. The easy availability of loans, rising disposable incomes, and increased affordability have led homeowners to spend more on home renovation & refurbishment projects.

    North America Roofing Materials Market, By Application

    Get more details on this report - Request Free Sample PDF

    North America is witnessing a staggering increase in the construction of non-residential buildings such as lodging, office, commercial, healthcare, public safety, and educational institutes. Additionally, expansion projects planned by Apple, Google, Amazon, and other corporate giants along with investments in amusement centers are likely to drive the demand for roofing products.

    Storefront infrastructure including shopping centers and malls observed moderate growth in 2019 while investments in warehouse and distribution logistics centers will continue to expand in the coming years. In addition, modifications in the brick-and-mortar space to e-commerce have significantly augmented the capital investment focus of large retailers. The increasing number of new non-residential infrastructures is expected to create substantial opportunities for roofing materials.

    The industry will also face challenges due to the ongoing COVID-19 pandemic. This is attributed to delays in the construction of new commercial & industrial buildings across the region. However, the construction sector is anticipated to register a significant growth by 2022 owing to the expanding public structures, such as healthcare, school, warehouse, storage, retail, and manufacturing facilities, further driving product demand.

    North America Market, By Material

    North America Roofing Materials Market, By Material

    Get more details on this report - Request Free Sample PDF

    The bituminous material segment dominated the North America roofing materials market with nearly 75% volumetric shares in 2020. Bituminous materials, such as asphalt shingles, are the most common & preferred material of choice in the region. A wide range of product availability, durability, high fire & wind resistance, and good aesthetics are among the major advantages offered by asphalt shingles.

    Furthermore, the development of new asphalt shingles that withstand high impact will support material demand. For instance, in April 2021, GAF announced a new recycling process to produce asphalt shingles from recycled materials. This brings sustainability to the value chain of asphalt shingles production.

    North America Market, By Type of Construction

    The new construction segment is set to observe 4.5% growth through 2027. Growing residential & commercial construction across Canada and the U.S. along with the availability of several roofing materials with wide price range options will impel the market size.

    Superior durability along with the ability to withstand superior compressive force will enhance product penetration. Many building owners are adopting the next-generation roofing materials with higher thermal insulation, energy conservation, lower maintenance cost, and longer life, thus providing significant opportunities for reroofing.

    North America Market, By Application

    Non-residential segment will generate around USD 16 billion revenue by 2027. Increasing remodeling and renovation operations in non-residential spaces will accentuate the market penetration. Hoteliers are renovating their structures to improve the customer base and enhance the accommodation experience. Furthermore, the expansion of several hotel chains in North America along with the construction of new office spaces will boost the segment growth.

    North America Market, By Country

    U.S. roofing materials market size is predicted to expand at more than 4.5% CAGR during the forecast period, led by large ongoing new construction and reroofing projects in the region. The U.S. is experiencing an increase in investments in warehouses and distribution logistics centers.

    Competitive Industry Landscape

    Key players operating in the industry include Owens Corning, CertainTeed Corporation, Johns Manville, Atlas Roofing Materials Corporation, TAMKO Building Products LLC, and GAF Materials Corporation, among others. The other notable players in the market include Fletcher Building, Boral Ltd., North American Roofing, Etex, and Icopal Holding Aps.
     


    Frequently Asked Question(FAQ) :

    How big is the North America roofing materials market?
    The industry size for roofing materials in North America was exceeded USD 29 billion in 2020 and will grow at a CAGR of 4.5% from 2021 to 2027 with increasing residential construction projects across the U.S.
    What drivers will fuel North America roofing materials industry share from bituminous materials?
    The market share from bituminous materials accounted for around 75% of the regional revenue in 2020 and will expand due to multiple advantages such as good aesthetics, high fire & wind resistance, and durability.
    How will the roofing materials in North America market fare from non-residential application?
    The market revenue from non-residential application will surpass USD 16 billion up to 2027 owing to rising remodeling and renovation operations in non-residential spaces.
    Why is the U.S. roofing materials sector growing?
    The industry value for roofing materials in U.S. will expand at a CAGR of 4.5% through 2027 driven by surging investments in distribution logistics centers and warehouses.
    Which are leading players in the North America roofing materials landscape?
    Major companies across the North America industry include TAMKO Building Products LLC, Owens Corning, Atlas Roofing Materials Corporation, GAF Materials Corporation, and others.

    Get this research report on North America Roofing Materials Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

      (+1)-208-273-9852

     [email protected]