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Roofing Tiles Market : Industry Outlook, Growth Prospects and Key Opportunities

Roofing Tiles Market: Introduction

Roofing tiles are used on large surface area of houses and are designed to keep out rain. They also keep houses cool. Roofing tiles are protective shells of houses. They decisively affect the appearance of a house. Roofing tiles also protect a house or a building from heat, cold, storm, hail, rain, noise, and snow. Roofing tiles play an important role in terms of thermal insulation. They help reduce energy consumption significantly. Insulation provided by roofing tiles lowers heat transmission coefficient of roof, thus decreasing energy consumption.

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The roofing tiles market is driven by the rise in demand for green and energy efficient characteristics such as thermal mass, solar reflectance, and thermal remittance. Furthermore, governments across the globe are taking initiatives to encourage the construction of environment-friendly buildings, due to extreme climatic conditions. However, presence of an unorganized sector and lack of skilled labor force are restraining the global roofing tiles market.

Roofing Tiles Market: Key Segments

Based on material, the global roofing tiles market can be segmented into ceramics, terracotta, and concrete. Concrete roofing tiles are available in various shapes, sizes, and colors. Concrete roofing tiles are popular choice for slope roofs and fabricated roofs, owing to their properties such as standard dimensions, low water absorption, and excellent compatibility. Terracotta roofing tiles have been used traditionally since long. These roofing tiles are expensive than concrete tiles; therefore, they have limited usage in buildings. Ceramic tiles provide excellent esthetic and functional characteristics. These tiles are majorly used for contemporary homes.

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In terms of end-use industry, the global roofing tiles market can be bifurcated into residential and commercial. The residential segment dominated the roofing tiles market in 2018. Roofing tiles are used in houses for the ultimate stylish looks. These tiles also act as insulators. Roofing tiles are employed in commercial buildings in order to save heating and cooling energy costs.

Roofing Tiles Market: Regional Analysis

Based on region, the global roofing tiles market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in North America is anticipated to expand at a significant pace during the forecast period due to the rise in demand for re-roofing residential houses in the region. The U.S. is estimated to be a major consumer of roofing tiles in North America, as it possesses large stock of old homes, which have already exceeded their expected lifespan. The market in Europe is projected to expand at a rapid pace during the forecast period owing to increase in demand for re-roofing in the region. Furthermore, several manufacturers of roofing tiles operate in Europe. The roofing tiles market in Asia Pacific is likely to expand at a rapid pace due to high rate of building and construction in the region. Developing countries such as China, India, and Japan have the highest rate of urbanization along with the focus on energy efficient buildings. These factors are fueling the demand for roofing tiles in these countries. The roofing tiles market in Latin America and Middle East & Africa is likely to expand at a moderate pace during the forecast period. Brazil is expected to show rapid growth due to the increase in urbanization in this region.

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Roofing Tiles Market: Key Players

Key players operating in the global roofing tiles market include Tesla Inc, Standard Industries Inc, Etex, IKO, Wienerberger, Brickworks Limited, Trevis Perkins, and Boral Roofing.

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