Asphalt Shingles Roofing Material Market Outlook: Complete Industry Analysis (2024 to 2031

The "Asphalt Shingles Roofing Material Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Asphalt Shingles Roofing Material market is expected to grow annually by 7.5% (CAGR 2024 - 2031).

This entire report is of 187 pages.

Asphalt Shingles Roofing Material Introduction and its Market Analysis

Asphalt Shingles Roofing Material is a popular type of roofing material made from a base of fiberglass or felt and coated with asphalt and mineral granules. The market for Asphalt Shingles Roofing Material is driven by factors such as increasing construction activities, rising demand for durable and affordable roofing solutions, and growing focus on energy-efficient building materials. Key players in the market include Atlas Roofing Corporation, Carlisle Companies, Inc., CertainTeed Corporation, Duro-Last, Inc., Firestone Building Products Company, GAF, IKO Industries Ltd., Johns Manville Corporation, Owens Corning, and TAMKO Building Products, Inc. The market research report provides insights into market conditions, trends, and competitive landscape, with recommendations for companies looking to capitalize on opportunities in the Asphalt Shingles Roofing Material market.

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The Asphalt Shingles Roofing Material market is experiencing growth with its segmentation into Organic Materials, Fiberglass, and applications across Residential, Commercial, and other sectors. The Organic Materials segment is gaining popularity due to its eco-friendly properties, while the Fiberglass segment is known for its durability and cost-effectiveness. However, regulatory and legal factors specific to market conditions play a crucial role in shaping the industry. With stringent laws surrounding environmental impact, manufacturers are focusing on sustainability and compliance to meet industry standards. As the market continues to evolve, it is essential for companies to stay abreast of these regulations to ensure growth and success in the Asphalt Shingles Roofing Material market.

Top Featured Companies Dominating the Global Asphalt Shingles Roofing Material Market

The asphalt shingles roofing material market is highly competitive, with several key players dominating the industry. These companies include Atlas Roofing Corporation, Carlisle Companies, Inc., CertainTeed Corporation, Duro-Last, Inc., Firestone Building Products Company, GAF, IKO Industries Ltd., Johns Manville Corporation, Owens Corning, and TAMKO Building Products, Inc.

These companies operate in the asphalt shingles roofing material market by offering a wide range of products that cater to various consumer needs and preferences. They compete based on product quality, pricing, innovation, and brand recognition. These companies invest heavily in research and development to stay ahead of the competition and continuously improve their products.

Some of the key strategies used by these companies to grow the asphalt shingles roofing material market include expanding their product portfolios, entering new markets, forming strategic partnerships, and focusing on sustainable practices. Additionally, they actively participate in marketing and promotional activities to increase brand awareness and attract more customers.

In terms of sales revenue, Owens Corning reported a total revenue of $ billion in 2020, while GAF reported a revenue of $3.2 billion in the same year. These figures indicate the significant market presence and financial performance of these companies in the asphalt shingles roofing material market.

Overall, the competition in the asphalt shingles roofing material market is fierce, with key players employing various strategies to stay competitive and drive market growth. By offering high-quality products, innovative solutions, and strong customer support, these companies play a crucial role in shaping the asphalt shingles roofing material market and driving its expansion.

• Atlas Roofing Corporation
• Carlisle Companies, Inc.
• CertainTeed Corporation
• Duro-Last, Inc.
• Firestone Building Products Company
• GAF
• IKO Industries Ltd.
• Johns Manville Corporation
• Owens Corning
• TAMKO Building Products, Inc.

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Asphalt Shingles Roofing Material Market Analysis, by Type:

• Organic Materials
• Fiberglass

Organic asphalt shingles are made from a combination of recycled paper, wood fibers, and asphalt. They are known for their durability and ability to resist harsh weather conditions. Fiberglass asphalt shingles, on the other hand, are made from a fiberglass base mat and coated with asphalt. They are lightweight, fire-resistant, and have a longer lifespan than organic shingles. The versatility and effectiveness of these materials in providing protection and aesthetic appeal to buildings have boosted the demand for asphalt shingles roofing material in the market, as consumers seek reliable and cost-effective roofing options.

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Asphalt Shingles Roofing Material Market Analysis, by Application:

• Residential
• Commercial
• Others

Asphalt shingles roofing material is commonly used in residential, commercial, and other applications. In residential settings, asphalt shingles are popular due to their affordability, durability, and ease of installation. In commercial buildings, asphalt shingles provide a cost-effective roofing solution with a long lifespan. Other applications include industrial buildings, schools, and institutions. The fastest growing application segment in terms of revenue is residential roofing, as homeowners continue to choose asphalt shingles for their reliability and aesthetic appeal. Overall, asphalt shingles roofing material is versatile and widely used across various types of buildings.

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Asphalt Shingles Roofing Material Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Asphalt Shingles Roofing Material market is expected to experience significant growth in the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America and Europe are anticipated to dominate the market, with a market share percent valuation of around 30% each. Asia-Pacific is also expected to have a strong market share of approximately 25%, driven by rapid urbanization and increasing construction activities in countries like China and India. Latin America and Middle East & Africa are projected to hold smaller but growing market shares of around 10% each.

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