As per this study the Global Asphalt Shingles Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Asphalt shingles are roof coverings (water-proof) consist of individual layered elements of asphalt material. These elements are flat, rectangular shaped laid from the bottom edge of the roof to form a barrier designed to repel water, ice, and snow. Organic and fiberglass are the base materials used to make asphalt shingles. Asphalt shingles are widely used in constructions and reroofing.
The growing construction industry coupled with increasing number of asphalt-roofed residential buildings owing to the properties such as waterproofing and insulation is fueling the asphalt shingles market growth. Moreover, the superior characteristics of asphalt roofing over other roofing materials are again pushing the market growth. However, the volatile price of raw material prices of asphalt shingles is expected to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of asphalt shingles.
The broad asphalt shingles market has been sub-grouped into product type, composition and end-market. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
By End Market
- Heavy Laminates
- New Construction
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for asphalt shingles in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Asphalt Shingles Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the asphalt shingles market include Atlas Roofing Corporation, CertainTeed Corporation, Henry Company LLC, IKO Industries, Ltd., Malarkey Roofing Products, Owens Corning, Polyglass U.S.A., Inc., Siplast, Inc., TAMKO Building Products, Inc., and Tarco, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.