The roofing tiles market comprises roofing components made from clay, concrete, or other materials. Roofing tiles offer advantages like durability, fire resistance, ease of installation, and energy efficiency. They provide an effective barrier against sun, wind, and rain while reflecting a substantial amount of sunlight, thereby maintaining optimal indoor temperatures without HVAC use. The growing demand for green, eco-friendly, and sustainable building materials is a key driver for roof tiles.
The Global roofing tiles market is estimated to be valued at US$ 19.77 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the roofing tiles market are IKO Global, Etex, Standard Industries Inc, Trevis Perkins, Boral roofing, BMI group, Wienerberger AG, Fornace Laterizi Vardanega Isidoro , Vande Hey Raleigh , Eagle Roofing Products, TCRoof Tiles, Jindal Mechno, Kerala Tiles Company, Raja Tiles Company, KPG Roofing, Sri Vijaya Lakshmi Tiles, Sirex, AV Roofing, and Simeyon. The key players are focused on enhancing their product portfolios and distribution networks to gain a competitive advantage.
The growing demand for aesthetically appealing, eco-friendly roofing materials presents lucrative growth opportunities for manufacturers. Additionally, the rising popularity of roof gardens and green roofs augers well for market expansion. Technological advancements aimed at improving tile durability, fire resistance, ease of installation, and energy efficiency will further propel market growth.
Market Drivers
The increasing need for energy-efficient housing infrastructure is a major factor driving for Roofing Tiles Market Demand globally. Roofing tiles provide insulation and reduces the heat transfer into indoor environments, thereby minimizing HVAC needs and energy costs. Stringent regulations regarding energy conservation in the construction sector also boost the adoption of roof tiles. Rapid urbanization and rising investments in infrastructure development particularly in developing economies offer significant business case for roof tiles. The focus on renovating the existing building stock with sustainable materials acts as a catalyst for market revenues.
Get more insights on Roofing Tiles Market
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
