U.S. Roofing Materials Market Size, Share & COVID-19 Impact Analysis, By Material (Bituminous, Tile, Metal, Elastomeric, and Others), By End-use Industry (Residential, Non-Residential, and Industrial), and Country Forecast, 2023-2030

The U.S. roofing materials market size was worth USD 25.21 billion in 2022 and is projected to grow at a CAGR of 3.7% during the forecast period.

Roofing materials, as the name suggests, are used to cover the roof of the building, usually supported by the underlying structure. The roof is an integral part of the building and construction, covering the underlying structure and providing protection from normal and abnormal climatic conditions. There are different types of roofing materials, such as natural materials, including clay, thatches, and slates, and commercially available materials, including bituminous, tile, metal, and elastomeric. These materials are used for different types of residential and non-residential buildings and industrial constructions. The rising building and construction industry in the country is anticipated to boost the growth of the U.S. roofing materials market.

However, in 2020, the COVID-19 pandemic negatively impacted the roofing materials market. Supply chain disruptions caused the reduction or stoppage of manufacturing of construction materials. Further, movements on restrictions to control the spread of the pandemic led to labor shortages, hampering construction activities in the country and resulting in a significant reduction in demand for roofing materials. However, gradual control of the spread of the pandemic and government initiatives to get the economy back on track is anticipated to drive the market in the coming years.  

U.S. Roofing Materials Market Trends

Rising Demand for Sustainable Materials to Present Lucrative Opportunities for Market Growth

The climate crisis continues to be a major concern in the U.S. To limit global warming as much as possible, the government is encouraging the construction of sustainable buildings. This has increased the demand for sustainable roofing materials, such as metals. Metals are long-lasting, attractive, contain high recycled content, and are easily recyclable. Manufacturers are also focusing on the production of metal roofing to meet the rising demand in the market. For instance, in March 2022, Marquis Roofing and Exterior Design announced a shift in focus to sustainable metal roofing made of recycled materials. The Marquis Roofing uses sheet metal for standing seam metal roofing systems, which are made from recycled materials.

U.S. Roofing Materials Market Growth Factors

Growing Building and Construction Industry Supported by Government Initiatives to Drive Market Growth

The building and construction industry in the U.S. is anticipated to grow significantly owing to the rising population and post-pandemic initiatives by the government to support the industry. For instance, the Biden administration came up with the Bipartisan Infrastructure Law. Under this initiative, the government has set a target to spend around USD 1.2 trillion for funding infrastructure projects, which include a range of civil construction projects across the country. Also, according to the United States Census Bureau, there is a more than 0.5% rise in population in the year 2022. Such a rise in the population is anticipated to drive the building and construction industry at a faster pace, fueling the U.S. roofing materials market growth.

RESTRAINING FACTORS

Higher Prices of Roofing Materials to Limit Market Growth

Manufacturing of roofing materials is subjected to environmental rules and regulations, and players in the industry are required to follow the standards applicable to respective materials. Complying with environmental regulations requires the adoption of advanced technologies, which increases production costs. Apart from that, the limited availability of raw materials, such as metals, losses incurred during manufacturing and installation, and the requirement of a skilled workforce for the installation of certain materials are leading to a rise in cost for roofing installation. Therefore, rising production costs coupled with increasing installation costs are limiting the market growth.

U.S. Roofing Materials Market Segmentation Analysis

By Material Analysis

Based on material, the market is segmented into bituminous, tile, metal, elastomeric, and others.

Among these segments, the bituminous segment accounted for the largest U.S. roofing materials market share in 2022. The largest share held by the bituminous segment is attributed to its higher demand from residential construction owing to its relatively lower cost and easy installation. Shingles made of bituminous can be reinforced with fiberglass or other synthetic materials without altering their appearance.

Tiles and metal segments are also witnessing a significant rise in their demand owing to aesthetic appeal and relative sustainability offered by them, respectively.

By End-use Industry Analysis

Based on the end-use industry, the market is segmented into residential, non-residential, and industrial.

Among these, the residential segment held the largest share of the market in 2022. Higher demand for roofing materials from the residential sector is attributed to the rising residential construction industry in the U.S. due to government initiatives to support housing infrastructure projects. The rising population in the country is anticipated to propel the demand for roofing materials from the residential sector.

Moreover, rapid industrialization and urbanization in the country increased the demand for roofing materials from non-residential and industrial end-use industries. Increasing government investments in public infrastructure development will drive the growth of the non-residential and industrial segments.

List of Key Companies in U.S. Roofing Materials Market

In terms of competitive rivalry, the market is substantially fragmented. Key players in the market include Owens Corning, CertainTeed Corporation, Atlas Roofing Corporation, and BMI Group, among others. The majority of players compete mainly based on the product prices and application characteristics. Prominent players in the market are also engaged in the manufacturing of raw materials to ensure the quality of products and keep the production cost under control.

LIST OF KEY COMPANIES PROFILED:

• Owens Corning (U.S.)


• CertainTeed Corporation (U.S.)


• Atlas Roofing Corporation (U.S.)


• BMI Group (U.K.)


• Johns Manville (U.S.)


• IKO Industries Ltd. (Canada)


• GAF (U.S.)


• TAMKO Building Products, Inc. (U.S.)


• Carlisle Companies Incorporated (U.S.)


• Firestone Building Products Company, LLC (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• February 2022: Johns Manville launched two new products, DynaSet 1K and 1-Part PermaFlas. These newly launched products will supplement the company’s extensive line of bituminous products.


• February 2022: Carlisle Companies Incorporated announced the acquisition of MBTechnology, Inc. This acquisition will help the company expand modified bitumen roofing offerings from the Carlisle Weatherproofing Technologies business segment and provide additional capacity for roofing underlayment.


• January 2022: GAF Energy launched Timberline Solar, the only roof system to integrate solar technology directly into traditional roofing processes and materials. This new system incorporates the nailable solar shingle, the Timberline Solar Energy Shingle (ES), which will be assembled domestically at GAF Energy's production and R&D facility in San Jose, California.


• December 2021: Cornerstone Building Brands, Inc. announced that it has acquired Union Corrugating Company Holdings, Inc., a manufacturer of metal roofing, roofing components, and accessories. This acquisition will expand the company’s offerings of metal roofings for residential applications.


• July 2021: Owens Corning announced the acquisition of vliepa GmbH, a company that specializes in printing, coating, and finishing nonwovens, paper, and film for the construction sector. The move is anticipated to expand Owens Corning's geographical footprint in Europe and other regions of the world.

REPORT COVERAGE

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The study report thoroughly examines key factors such as leading companies, applications, and products. It also provides market trends and highlights significant industry advancements. The study includes different variables that have contributed to the market's growth in recent years and the factors listed above. It examines the industry's newest market dynamics and opportunities, as well as historical data and revenue growth estimates at the country level.

Report Scope & Segmentation