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.
the U.S. roofing materials market has been experiencing steady growth, driven by factors such as increasing construction activities, renovations, and the need for sustainable and energy-efficient roofing solutions. Asphalt shingles have traditionally dominated the roofing materials market in the United States due to their affordability, durability, and ease of installation. However, there has been a growing trend towards more environmentally friendly roofing materials, such as metal roofing, clay tiles, and synthetic roofing materials made from recycled materials.
Additionally, the demand for energy-efficient roofing materials has been on the rise, with consumers and businesses looking for options that can reduce energy costs and minimize environmental impact. This has led to increased interest in cool roofing systems, which reflect sunlight and absorb less heat, thereby reducing the need for air conditioning and lowering energy consumption.
Moreover, innovations in roofing technology, such as the development of solar roofing solutions that integrate photovoltaic cells directly into roofing materials, have been gaining traction. These solar roofing systems not only provide energy savings but also contribute to sustainability efforts by generating clean renewable energy.
Overall, the U.S. roofing materials market continues to evolve with changing consumer preferences, advancements in technology, and increasing awareness of environmental concerns.
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.)
Information Source-https://www.fortunebusinessinsights.com/u-s-roofing-materials-market-109207
