Steep Slope Roofing Materials Market By Material Type (Asphalt Shingles, Metal Panels, Clay and Concrete Tiles, Wood Shakes, Synthetic Roofing Materials, Others); By Application (Residential, Commercial, Institutional); By Roof Type (Gable Roof, Hip Roof, Mansard Roof, Gambrel Roof, Others); By Distribution Channel (Direct Sales, Retail Stores, Online Sales); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The steep slope roofing materials market was $12.4 billion in 2023 and is expected to reach $18.1 billion by 2030, at a CAGR of 5.6% during the forecast period from 2024 to 2030. Factors such as increasing construction activities, growing applications of energy-efficient and durable roofing systems, and advances in green roofing systems are fuelling growth in the market.

 

A specialized product used in pitched roofing constructions is a steep slope roofing material, applicable for roofs with a rise of up to 32 inches for every 12 inches of span or steeper. These materials are used to construct residential, commercial, and institutional buildings, providing aesthetic value, long-term performance, and resistance to weather conditions. They commonly come in asphalt shingles, tiles, metal panels, and wood shakes. Due to their effectiveness and capability to offer building protection against extreme weather conditions, they have become an important aspect of construction.

 

Steep-slope roofing materials are essential for increasing the appearance of the building and constructing shelters that are resistant to natural calamities. Their applicability rises in the context of climate change, as durability and sustainability are values that are particularly sought after.

 

Market Drivers

Increasing Residential Construction: The residential construction activity, both in urban and suburban markets, has risen massively due to the demand for more housing, and the steep slope roofing materials are gaining more traction due to their durability and elegant appearance. Example: The American market expanded in 2022 with a 6.1% year-on-year increase in constructing residential buildings, with asphalt shingles remaining the most popular material in the steep slope segment.

 

Rising Awareness of Energy-Efficient Roofing: Effective low-energy roofing systems comprise more reflective metals, cool steel panels, and cool asphalt shingles to minimize the energy expended on cooling. Example: Cool roofing products can save up to 15% of cooling costs, which makes them ideal for use by residents of regions that are prone to high temperatures.

 

Growing Demand for Renovation and Remodeling: Some of the key forces driving the market include increased home improvement and repair activity, especially in developed countries, and demand for high-quality and advanced roofing materials. For example, Residents of the United States spent more than $500 billion on home improvement projects in 2022, and one of the most popular areas was roofing.

 

Market Opportunities

Rising Adoption of Sustainable Roofing Materials: The increasing concern for sustainability has led to specific opportunities for the manufacture of sustainable roofing materials derived from recycled and renewable sources. Example: Roofing shingles made from recycled plastics and rubber are rapidly appearing on the market as firms respond to the demand for environmentally friendly products.

 

Emergence of Advanced Roofing Technologies: Advancements in roofing systems, including self-healing asphalt shingles in steep-slope roofing and hybrid integration of solar roofing panels, present substantial opportunities in the steep-slope roofing sector. Example: Tesla’s Solar Roof combines photovoltaic systems with shingles, generating electricity and providing protection.

 

Urbanization in Emerging Economies: Population growth, development, and infrastructure growth, especially in a developing country such as India, China, and Brazil, fuel the steep slope roofing material demand. Example: The Chinese urbanized population is expected to increase to 70 % by 2030, which is likely to ignite construction activities therefore, the need for roofs.

 

Focus on Lightweight Roofing Materials: New, lighter, and stronger roofing materials like metal panels and synthetic shingles also offer easier installation and transportation opportunities. Synthetic roofing materials such as tiles have a 50% lower density than clay tiles, hence less pressure on the structures and installation costs.

 

Market Restraints

High Initial Costs of Premium Materials: Some of the available materials, such as metal or synthetic tiles, cost more than other materials, like asphalt shingles, which makes them financially unviable in certain markets. Example: Metal roofing costs from $8 to $15 per square foot; this is far more expensive than asphalt shingles at $3 to $5 per square foot.

 

Labor Shortages in Construction: The construction industry is currently affected by labor issues, mainly in roofing installation, which can slow down construction activity and lead to higher costs. For example, over the past two years, due to a short supply of roofing contractors, labor costs increased by 8% in the U.S.

 

Market Segmentation

By Material Type

• Asphalt Shingles

• Metal Panels

• Clay and Concrete Tiles

• Wood Shakes

• Synthetic Roofing Materials

• Others

 

By Application

• Residential

• Commercial

• Institutional

 

By Roof Type

• Gable Roof

• Hip Roof

• Mansard Roof

• Gambrel Roof

• Others

 

By Distribution Channel

• Direct Sales

• Retail Stores

• Online Sales

 

By Region

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

 

Segment Analysis

Leading Material Type: Asphalt Shingles

Asphalt shingles remain popular due to their cheap prices, simple installation, and since they come in a variety of styles and colors. Example: More than 80% of homes in North America have asphalt shingle roofing due to its affordability and longevity.

 

Leading Application: Residential

Residential remodeling is the biggest end use, mainly attributed to the growing population necessitating housing construction and remodeling. Example: Residential roofing was dominant in the steep slope roofing segment in the USA, and it had a 70% market share in 2023.

 

Regional Analysis

North American region is dominating the market because there is a higher demand for homes; people often take up home improvement projects and use energy-saving roofs. Example: The U.S. Department of Energy advocates for cool roofing materials and supports using reflective steep slope roofing. North America holds the largest demand for reflective roofing materials due to increasing housing construction, the frequency of renovation, and greater emphasis on energy-efficient buildings. Example: Employing the data presented in the table below, over 1.5 million housing starts were recorded in the U.S. in 2023; hence, there was increased demand for steep slope roofing materials.

 

The European market is driven by regulations that check buildings' energy efficiency and the need for beautiful and, more importantly, sustainable roofing solutions. The EU also uses its Energy Performance of Buildings Directive (EPBD) to promote the use of cool and solar-reflective roofing materials.

 

The Asia-Pacific is the fastest-growing region, driven by faster rates of urban development, population growth, and improvement in infrastructure spending in countries like China and India. For example, the Indian real estate sector is expected to reach a CAGR of 7.5% from 2023 to 2030, thus fueling the demand for roofing materials.

 

Key Players

• GAF Materials Corporation

• Owens Corning

• CertainTeed

• IKO Industries Ltd.

• TAMKO Building Products, Inc.

• Atlas Roofing Corporation

• Carlisle Companies Inc.

• Boral Roofing

• Malarkey Roofing Products

• Henry Company

 

Future Outlook

The materials used in steep-slope roofing are expected to grow steadily with rising construction activities, increased usage of green energy solutions, and the development of many more sustainable technologies. The adoption of innovative products, including solar rooftop integration and self-cleaning technologies, will rise by 2030 and reshape the market even more.

 

Given the well-developed housing markets and stringent energy regulations in North America and Europe, these two regions will retain their leadership. The Asia Pacific region is expected to exhibit the highest growth rates owing to the continuing urbanization and development of new structures. Prime positions for the future will be occupied by manufacturers focused on innovation, eco-friendliness, and low costs.

 

Therefore, steep-slope roofing plays a significant role in the construction industry, providing aesthetic, long-term, and sustainability solutions. With societies' increasing need for clean water across the residential, commercial, and institutional segments, the market is primed for growth and advancement.