Middle East & Africa Roofing Materials Market Size & Outlook
Middle East & Africa roofing materials market, 2018-2030 (US$B)
Related Markets
MEA roofing materials market highlights
- The MEA roofing materials market generated a revenue of USD 11.3 billion in 2021.
- The market is expected to grow at a CAGR of 3.8% from 2022 to 2030.
- In terms of segment, asphalt shingles was the largest revenue generating product in 2021.
- Metal Roofs is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2021 | USD 11.3 billion |
| Market revenue in 2030 | USD 15.8 billion |
| Growth rate | 3.8% (CAGR from 2021 to 2030) |
| Largest segment | Asphalt shingles |
| 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, MEA region accounted for 9.4% 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 |
|---|
Middle East & Africa 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.
Asphalt shingles was the largest segment with a revenue share of 30.97% in 2021. Horizon Databook has segmented the Middle East & Africa 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.
According to the IMF, the GDP of the Middle East is projected to witness growth at a rate of 4% in 2021. Factors such as the vaccine rollout, improvement in oil pricing, and government initiatives with respect to economic stimulus are responsible for boosting the GDP growth.
The COVID-19 economic stimulus is further anticipated to have a major role in attracting FDIs in the construction sector. The African Development Bank Group forecasted a 3.4% growth in the African economy in 2021. Growth in infrastructure, mining, and oil & gas is promoting the growth of the African region.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa roofing materials market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa roofing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa roofing materials market
Middle East & Africa Roofing Materials Market Outlook Share, 2021 & 2030 (US$B)
Middle East & Africa roofing materials market
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