Global Asphalt Shingles Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Heavy Laminates, Laminates, and Strip.

By End-user;

New Construction, and Re-roofing.

By Composition;

Fiberglass Asphalt Shingles, and Organic Asphalt Shingles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn443056490 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Asphalt Shingles Market (USD Million), 2021 - 2031

In the year 2024, the Global Asphalt Shingles Market was valued at USD 8,130.81 million. The size of this market is expected to increase to USD 10,699.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The global asphalt shingles market is experiencing steady growth driven by increasing demand for durable and cost-effective roofing solutions. Asphalt shingles, known for their affordability and versatility, are widely used in residential and commercial roofing applications. These shingles are made from a fiberglass or organic mat base coated with asphalt and covered with granules, offering effective protection against various weather conditions. Their popularity is due to their ease of installation, variety of styles and colors, and excellent weather resistance, making them a preferred choice for homeowners and builders alike.

Technological advancements in the asphalt shingles industry have led to the development of improved products with enhanced performance characteristics. Innovations include the introduction of impact-resistant and algae-resistant shingles, which provide extended durability and maintain aesthetic appeal over time. These advancements address specific concerns such as damage from hail and the growth of algae and mold, which can affect the longevity and appearance of roofing materials. Manufacturers are continuously investing in research and development to introduce new technologies that further improve the performance and sustainability of asphalt shingles.

The market shows varied growth patterns across regions. North America, particularly the United States, represents a significant portion of the market due to its well-established housing sector and high demand for roofing materials. In contrast, emerging markets in Asia-Pacific and Latin America are experiencing increased growth due to rapid urbanization and rising construction activities. As these regions develop their infrastructure and residential sectors, the demand for affordable and reliable roofing solutions, such as asphalt shingles, is expected to rise. The global asphalt shingles market is thus characterized by a dynamic landscape influenced by technological innovations and regional development trends.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End-user
    3. Market Snapshot, By Composition
    4. Market Snapshot, By Region
  4. Global Asphalt Shingles Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Durable Roofing
        2. Cost Efficiency
        3. Technological Advancements
      2. Restraints
        1. High Costs
        2. Environmental Concerns
        3. Weather Vulnerability
      3. Opportunities
        1. Sustainable Materials
        2. Technological Advancements
        3. Energy Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Asphalt Shingles Market, By Product Type, 2021 - 2031 (USD Million)
      1. Heavy Laminates
      2. Laminates
      3. Strip
    2. Global Asphalt Shingles Market, By End-user, 2021 - 2031 (USD Million)
      1. New Construction
      2. Re-roofing
    3. Global Asphalt Shingles Market, By Composition, 2021 - 2031 (USD Million)
      1. Fiberglass Asphalt Shingles
      2. Organic Asphalt Shingles
    4. Global Asphalt Shingles Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Owens Corning
      2. TAMKO Building Products Inc.
      3. IKO Industries Ltd
      4. Atlas Roofing Corporation
      5. GAF Materials Corporation
      6. Malarkey Roofing Products
      7. PABCO Roofing Products
      8. Siplast Inc.
      9. Henry Company LLC
      10. Building Products of Canada Corp.
  7. Analyst Views
  8. Future Outlook of the Market