Asia Pacific Roofing Materials Market Size & Outlook
Asia Pacific roofing materials market, 2018-2030 (US$B)
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Asia Pacific roofing materials market highlights
- The Asia Pacific roofing materials market generated a revenue of USD 38.9 billion in 2021.
- The market is expected to grow at a CAGR of 4.6% from 2022 to 2030.
- In terms of segment, concrete & clay tiles was the largest revenue generating product in 2021.
- Metal Roofs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 38.9 billion |
| Market revenue in 2030 | USD 58.4 billion |
| Growth rate | 4.6% (CAGR from 2021 to 2030) |
| Largest segment | Concrete & clay tiles |
| Fastest growing segment | Metal Roofs |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Asphalt Shingles, Concrete & Clay Tiles, Metal Roofs, Plastics |
| Key market players worldwide | Owens-Corning Inc, Compagnie de Saint-Gobain SA, Johns Manville, Wienerberger AG, Atlas Roofing, Carlisle Companies Inc, TAMKO Building Products, GAF, Crown Building Services, CertainTeed Corporation, CSR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.3% of the global roofing materials market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 58.4 billion by 2030.
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Roofing Materials Market Scope
Roofing Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific roofing materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to roofing materials market will help companies and investors design strategic landscapes.
Concrete & clay tiles was the largest segment with a revenue share of 33.93% in 2021. Horizon Databook has segmented the Asia Pacific roofing materials market based on asphalt shingles, concrete & clay tiles, metal roofs, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest-growing region in the world, contributing over two-thirds to global economic growth. According to the International Monetary Fund (IMF), the GDP of Asia Pacific declined by 1.5% in 2020 owing to the measures undertaken in the region to contain the spread of the coronavirus and global economic slowdown caused by the COVID-19 pandemic.
The GDP growth of the region is forecast to rebound to 7.6% in 2021, moderating to 5.4% in 2022. The increasing trade conflicts between the U.S. and China, coupled with regional tensions such as the bilateral relationship between South Korea and Japan, are anticipated to impact the overall economic growth of Asia Pacific in the coming years.
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Target buyers of Asia Pacific roofing materials market databook
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Our clientele includes a mix of roofing materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific roofing materials market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific roofing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific roofing materials market size, by country, 2018-2030 (US$B)
Asia Pacific Roofing Materials Market Outlook Share, 2021 & 2030 (US$B)
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