The Latin America Roofing Material market reached a value of about USD 6.21 billion in 2021. The industry is projected to grow at a CAGR of around 3.3% in the forecast period of 2022-2027 to reach a value of about USD 7.54 billion by 2027.
The Latin America Roofing, Material industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising construction activities in the region are driving the market's expansion. Brazil and Argentina are the highest category spender by region, driving the Roofing Material industry demand.
Roofing is the process of adding an exterior covering to a building's roof. Materials for building roofs are necessary for foundations and homes. Roofing materials must meet both technical and financial criteria. The outer coating may be maintained by systems underneath it or may be self-supporting. The Roofing Material industry report comprises segments by Type (Asphalt Shingles, Metal, Concrete, and Clay Tiles, Elastomers and Plastic, and Others), Application (Residential and Non-Residential), and Country (Brazil, Argentina, Mexico, and Others).
Brazil and Argentina are the critical areas in the region driving the industry's expansion owing to the advancing construction and manufacturing activities.
The industry is being propelled by the expanding construction activities in the region. The rate of construction is rapidly expanding significantly in Brazil and Argentina, making them a critical market for manufacturing and further boosting the market demand. In addition, tiles and shingles roofing materials are gaining popularity because of their superior insulating capabilities and affordable price, further supporting the industry growth. Furthermore, the increasing demand for roofing materials in the residential sector is significantly boosting the industry. Also, other factors such as rapid urbanisation, growing disposable incomes, and a consumer shift toward the need to renovate are all critical factors that are likely to impact the market positively.
The Latin America Roofing Material industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major Latin America Roofing Material regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The outermost layer of a building's roof is its roofing material, which is occasionally self-supporting but is often supported by an underlying structure. The roofing material of a structure protects it from the elements. Depending on the material's availability and the supporting structure, a roof's outer layer might vary considerably. The various roofing materials that are commercially accessible range from naturally occurring materials like thatch and slate to manufactured materials like tiles and polycarbonate sheets. A secondary water-resistant substance known as underlayment may be topped with roofing materials.
The advancements are aiding the industry in technology in the sector. Developing reflective coatings that may be applied to dark-coloured roofing materials propels the industry. In addition, Reflective coatings minimise the overall energy consumption of building structures and offer exceptional heat reflection characteristics. Hence, the market is likely to witness increased sales owing to the following properties like improved dependability, attractiveness, and ease of installation. Additionally, with the introduction of more cutting-edge tools, like drones, which are utilised to inspect rooftops, the industry is expected to expand. Also, the increasing use of 3D printing technology to construct various structural components of roofing systems is further aiding the market's expansion.
The regional markets for the industry can be divided into Brazil, Argentina, and Mexico.
The existence of several small- and large-scale suppliers in the market contributes to the industry's moderate level of concentration. The market is expanding due to the growing need for accurate and dependable roofing solutions. To meet the rising customer demand, industry participants strongly emphasise growing their product range by creating novel solutions and more affordable goods with better qualities in the market for roofing materials.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6.1 Latin America
7 Industry Opportunities and Challenges
8 Latin America Roofing Materials Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Roofing Materials Historical Market (2017-2021)
8.3 Latin America Roofing Materials Market Forecast (2022-2027)
8.4 Latin America Roofing Materials Market by Type
8.4.1 Asphalt Shingles
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.3 Concrete and Clay Tiles
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.4 Elastomers and Plastic
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5 Latin America Roofing Materials Market by Application
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6 Latin America Roofing Materials Market by Country
8.6.1 Market Share
9 Regional Analysis
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Asphalt Roofing Materials Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Roofing Materials Tiles Roofing Materials Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Plastic Roofing Materials Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Aluminium Roofing Materials Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BMI Group
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.2 Owens Corning
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.3 Etex SA
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13.2.4 Megaflex Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13.2.5 Dextra Group
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14 Industry Events and Developments
The Latin America Roofing Material market size was valued at USD 6.21 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.3%.
The significant demand for reflective coatings is one of the essential drivers of the Roofing Material market growth.
BMI Group, Owens Corning, Etex SA, Megaflex Ltd., Dextra Group, and others are some of the key players in the market.
The Brazil and Argentina region of the Roofing Material industry holds a significant share in the market.
The Latin America Roofing Material market attained a value of USD 6.21 billion in 2021, driven by the expanding construction activities in the region. Aided by the growing technological advancements, Like the development of reflective coatings, the introduction of more cutting-edge tools, like drones, and the increasing use of 3D printing technology, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.3%. The market is projected to reach USD 7.54 billion by 2027. Some of the leading players in the industry are BMI Group, Owens Corning, Etex SA, Megaflex Ltd., Dextra Group, and Others.
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