U.S. Roofing Materials Market Size & Outlook, 2021-2030
U.S. roofing materials market, 2018-2030 (US$B)
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U.S. roofing materials market highlights
- The U.S. roofing materials market generated a revenue of USD 17.0 billion in 2021 and is expected to reach USD 23.0 billion by 2030.
- The U.S. market is expected to grow at a CAGR of 3.4% 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.
Roofing materials market data book summary
| Market revenue in 2021 | USD 17.0 billion |
| Market revenue in 2030 | USD 23.0 billion |
| Growth rate | 3.4% (CAGR from 2021 to 2030) |
| Largest segment | Asphalt shingles |
| Fastest growing segment | Metal Roofs |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, U.S. accounted for 14.1% of the global roofing materials market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. roofing materials market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 23.0 billion by 2030.
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Roofing Materials Market Scope
Roofing Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 31.76% in 2021. Horizon Databook has segmented the U.S. 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 International Monetary Fund (IMF) World Economic Outlook October 2021, the GDP of the U.S. dropped by 3.5% in 2020. This drop in the GDP of the country can be attributed to the nationwide lockdown imposed owing to the spread of the coronavirus.
However, the GDP growth of the U.S. is expected to be 6.0% in 2021 and 5.2% in 2022, respectively.The spread of the COVID-19 in the country in 2020 affected the growth of the engineering and construction industry of the U.S.
The non-residential construction industry in the country struggled in 2020 with spending levels on infrastructure development is significantly lower than that of 2019. The increasing costs of construction materials and equipment, along with supply chain disruptions, are the major factors limiting the growth of this industry.
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Our clientele includes a mix of roofing materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. roofing materials market , including forecasts for subscribers. This country databook contains high-level insights into U.S. roofing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. roofing materials market size, by product, 2018-2030 (US$B)
U.S. Roofing Materials Market Outlook Share, 2021 & 2030 (US$B)
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