Global Asphalt Shingles Market, By Type (Heavy Laminates, Laminates, Strip, By Composition (Fibergla

Published Date: | Report Code : MT1958286


Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the asphalt shingles market during the forecast period. This market has witnessed several key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the asphalt shingles market during the forecast period.

Asphalt shingles are the most common roofing fabrics used in numerous construction projects around the world. They are commonly used as ceiling cover on single dwellings, small residential projects, and line homes. Mostly asphalt shingles are used to safeguard households from thunderstorms, flames, development of algae and moss, and hailstorms. Asphalt shingles efficiently represent heat waves in winter and, by maintaining houses warm, decrease the need for air conditioning. They can be found in a broad range of shades and textures. They are becoming increasingly used to improve houses aesthetic attraction.

Asphalt shingles provide a little investor with aesthetic attraction and security. Besides, they are cost-effective, lightweight, simple to assemble, and simple to substitute if harmed. As expenditure on residential construction and refurbishment increases, demand for asphalt shingles is expected to rise in the close future.

Key Factors Impacting Market Growth:

  • Rapidly growing construction industry

  • Increasing use of asphalt for roofing in residential buildings

  • Ability to provide waterproofing and insulation

  • Fluctuating prices of raw material

Regional Analysis:

By region, asphalt shingles market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for asphalt shingles market.

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for the asphalt shingles market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: TAMKO Building Products, Inc., Atlas Roofing Corporation, Henry Company, Siplast, Inc., Polyglass S.p.A, Malarkey Roofing, IKO Industries, Ltd., CertainTeed, Owens Corning, Tarco, Inc., PABCO, Building Products, LLC, GAF U.S., Braas Monier Building Group, IcoPal ApS, Building Products of Canada, and GCP Applied Technologies Inc...

Market Segmentation:

By Type:

  • Heavy Laminates

  • Laminates

  • Strip

By Composition:

  • Fiberglass

  • Organic

By End-use Industry:

  • New Construction

  • Re-roofing

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Composition

    • By End-use Industry

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)

    • By Type

    • By Composition

    • By End-use Industry

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Composition

    • By End-use Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Composition

    • By End-use Industry

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Type

    • By Composition

    • By End-use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Composition

    • By End-use Industry

Reasons To Buy This Report:

  • Market size estimation of the Asphalt Shingles market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


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