Europe Roofing Materials Market size crossed USD 28 billion in 2020 and is predicted to observe over 3.5% growth rate between 2021 and 2027. The market growth is owing to the renovation requirements in several homes in the region. The development of industrialization in emerging economies and substantial migration from rural to urban regions are expected to drive the market demand.

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Roofing materials can be described as the outer layer of a residential or non-residential roof of a building. These materials are critical in the construction of buildings as they keep the structure cool and leak-free. Although this substance can be self-supporting at times, it is usually supported by an underlying structure. Roofing materials can be installed on top of an underlayment, which is a secondary water-resistant layer. A large selection of roofing materials is commercially available and has aesthetic looks, depending on the structural & economic needs of the clients.

The roofing materials market growth in Europe is due to increasing sustainable construction projects that emphasize the use of sustainable materials. Moreover, other factors driving the market expansion include rising demand in developed regions and industrialization, resulting in an increase in construction activities in major economies across the region.

Europe Market, By Material

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The bituminous materials segment will grow at 3.8% CAGR during the forecast timeline. Materials, such as asphalt shingles, are considerably used and are one of the most preferred materials in Europe. Asphalt shingles offer a wide range of product availability, durability, strong fire & wind protection, and superb aesthetics, among other benefits. Moreover, the continued development of innovative asphalt shingles that can endure heavy impact is further boosting the market demand.

Europe Market, By Type of Construction

The new construction segment will reach USD 11 billion revenue by 2027, on account of growing industrialization in emerging countries and increasing urbanization across the region. Numerous economies are strengthening their residential construction industry by enacting customer-centric policies and launching affordable housing initiatives. Additionally, the increased disposable income of the middle-class population along with the easy availability of finances across the region is driving the demand for roofing materials.

Europe Roofing Materials Market, By Application

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The residential segment will grow at 4% CAGR from 2021 to 2027. Factors including the increasing population and rising consumer preference for single-family housing structures are anticipated to fuel the market growth. 

Competitive Industry Landscape

Some of the leading companies involved in the Europe roofing materials market are Terral Group, BMI Group, Bramac Europe, Cotto Possagno S.p.A, Edilfibro, Klober, Marley Eternit Limited, Ruberoid, Ward Roofing, and Wienerberger Roof.

Major market players are adopting strategic initiatives, such as mergers & acquisitions, facility expansion, and new product development, among others. For instance, in January 2021, Terreal Group acquired Creaton, a leading German producer of brick roofing tiles in Wertingen, Bavaria. The acquisition is intended to facilitate Terreal Group in achieving leadership in the European clay roofing tiles market in the coming years.