The Asphalt Shingles Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Asphalt Shingles Market?
The market size for Asphalt Shingles has seen a consistent increase in the past few years. It is projected to rise from $7.22 billion in 2024 to $7.51 billion in 2025, with a Compound Annual Growth Rate (CAGR) standing at 4.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Asphalt Shingles Industry?
The Asphalt Shingles Global Market is predicted to be valued at $8.91 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.3%.
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What are the Key Growth Drivers Fueling the Asphalt Shingles Market?
The key drivers in the asphalt shingles market are:
• Sustainability and green building initiatives are driving market growth
• Prevalence of extreme weather events necessitates regular roof replacements
• An increase in both residential and commercial construction activities contributes to market demand
• Advancements in solar-ready shingles are encouraging market expansion
Global Market Segmentation: Identifying Major Asphalt Shingles Industry Segments
The asphalt shingles market covered in this report is segmented –
1) By Product Type: Dimensional Shingles, High-Performance Laminated Shingles, Three-Tab Shingles
2) By Composition: Organic Asphalt Shingles, Fiberglass Asphalt Shingles
3) By Application: Residential, Commercial
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What are the Emerging Trends Shaping the Future of the Asphalt Shingles Market?
The key trends in the asphalt shingles market are:
• Sustainability and green building initiatives are significant emerging trends.
• The market is being impacted by a rise in extreme weather events.
• There's a growing trend in the development and adoption of solar-ready shingles.
• Advances in technology, cool roofing, and architectural shingle designs are shaping the market.
Who Are the Top Competitors & Leading Players in the Asphalt Shingles Market?
Major companies in the asphalt shingles market are:
• Sika AG
• Owens Corning Inc.
• Carlisle Companies Inc.
• Wienerberger AG
• Soprema Group
• Mueller Inc.
• Johns Manville Corporation
• BMI Group
• Braas Monier Building Group SA
• Certain Teed Corporation
• GAF Materials Corporation
• IKO Industries Ltd.
• Atlas Roofing Corporation
• Holcim Building Envelope
• TAMKO Building Products Inc.
• Henry Company LLC
• Malarkey Roofing Products Co.
• Building Products of Canada Corp.
• Siplast Inc.
• Englert Inc.
• Polyglass U.S.A Inc.
• Marley Eternit Ltd.
• Versico Roofing Systems Inc.
• Canroof Corporation Inc.
• TARCO Roofing Materials Inc.
• SaintGobain SA
• DECRA Roofing Systems Inc.
• PABCO Building Products LLC
• Ruberoid Team AG
• Premier Building Systems
Regional Dominance: Which Area Leads the Global Asphalt Shingles Market?
North America was the largest region in the asphalt shingles market in 2024
