Roofing Tiles Market Growth Trends & Forecast

The market is segmented by Type (Clay, Concrete, and Other Types), End-use Sector (Residential and Non-residential), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Study Period: 2016-2025
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 6.5 %

Market Overview
The market for roofing tiles is expected to register a CAGR of more than 6.5%, during the forecast period. Major factors driving the market studied are increasing demand from the construction sector in Asia-Pacific, and growing favorable government policies for green buildings. On the flipside, the high cost of raw materials is expected to hinder the growth of the market studied.

· Concrete roofing tiles segment dominated the market and is expected to grow further during the forecast period, with robust growth of construction activities across the world.

· The development of solar roof tiles is likely to provide opportunities for the studied market, during the forecast period.

· The Asia-Pacific region dominated the roofing tiles market across the world, with robust growth in construction activities in countries, such as India, China, the Philippines, and Indonesia.

The Asia-Pacific Region to Dominate the Market
· The Asia-Pacific region dominated the roofing tiles market. With growing investments in the residential and commercial construction in countries, such as India, China, the Philippines, Vietnam, and Indonesia, the market for roofing tiles is expected to increase in the coming years.

· Currently, China has numerous airport construction projects, which are either in development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Additionally, the government rolled out massive construction plans for the movement of 250 million people to its new megacities, over the next 10 years.

· In India, the government’s investment target of USD 120.5 billion for developing 27 industrial clusters is expected to boost commercial construction in the country.

· The Indonesian government planned to invest about USD 450 billion in the construction sector, by 2021, which is expected to drive residential construction in the country.

· Hence, such investments and planned projects in various countries are driving the construction activities in the region.

Competitive Landscape
The roofing tiles market is fragmented in nature. Some of the major players in the market include BMI Group, Etex, IKO, Wienerberger, and Crown Roof Tiles, among others.
Major Players
1. BMI Group
2. Etex
3. IKO Industries Ltd
4. Wienerberger AG
5. Crown Roof Tiles