"The Global Asphalt Shingles Market was valued at USD 8.85 billion in 2025 and is projected to reach USD 13.02 billion by 2034, growing at a CAGR of 4.39%."
The asphalt shingles market is a major segment of the global roofing industry, widely recognized for its cost-effectiveness, durability, and ease of installation. Asphalt shingles are primarily used in residential construction, though they also find applications in commercial buildings due to their versatility and aesthetic appeal. The market is driven by rising demand for affordable roofing solutions, expanding urbanization, and increasing renovation activities in developed and emerging economies. Asphalt shingles are manufactured with a fiberglass or organic mat base, coated with asphalt and mineral granules, providing resistance to wind, water, and fire. Their popularity is further supported by a wide range of designs, colors, and textures that enhance the visual appeal of buildings while offering functional benefits. The relatively low maintenance requirements and long service life of asphalt shingles continue to strengthen their adoption across diverse markets.
Industry growth is also influenced by evolving consumer preferences and regulatory standards promoting energy-efficient and sustainable building materials. Manufacturers are investing in advanced technologies to produce shingles with improved impact resistance, UV protection, and reflective coatings that enhance energy efficiency. The rise in severe weather conditions and natural disasters has increased the demand for high-performance shingles that provide enhanced durability and protection. Additionally, recycling initiatives and the use of eco-friendly raw materials are shaping the market’s sustainability trajectory. Regional markets such as North America dominate due to high residential construction and renovation activities, while Asia-Pacific is emerging as a promising growth hub with rapid urban development. Overall, the asphalt shingles market continues to evolve, balancing cost-effectiveness, performance, and environmental considerations in modern roofing solutions.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Product Type ,By Composition ,By Application |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America – Asphalt Shingles Market
North America remains the anchor market, with demand dominated by reroofing cycles in single-family housing and weather-related replacements across storm-prone states. Market dynamics favor fiberglass architectural (laminate) shingles for their balance of cost, curb appeal, and high wind/impact ratings, supported by contractor networks and distributor inventories that enable rapid turnaround. Lucrative opportunities exist in Class 4 impact-resistant SKUs, cool-roof reflective granules for energy-code compliance, algae-resistant formulations for humid zones, and digital tools that link estimation, visualization, and warranty registration. Latest trends include integrated underlay/ventilation systems for complete roof packages, contractor loyalty platforms, and plant upgrades that boost granule coloring consistency and asphalt throughput. The forecast points to steady volumes as aging roofs and severe-weather events sustain replacement activity, with incremental gains from suburban infill and manufactured housing. Recent developments emphasize regional capacity optimization, expanded architectural/luxury lines, and recycling pilots that reclaim tear-off shingles into paving mixes while maintaining performance and warranty integrity.
Asia Pacific – Asphalt Shingles Market
Asia Pacific shows diversified adoption, with shingles gaining share in suburban detached housing, resort builds, and export-oriented prefab structures alongside entrenched tile and metal roofing. Market dynamics center on cost-to-performance, fast installation in developer projects, and moisture/UV durability under tropical and monsoon conditions. Lucrative opportunities arise in laminated shingles tailored to high-humidity and coastal climates, algae-resistant granules, lightweight systems for timber frames, and training programs that scale certified installers for mass projects. Latest trends feature e-commerce-enabled selection and sampling, color palettes aligned to modern façades, and hybrid roof assemblies pairing shingles with breathable underlays for thermal comfort. The forecast indicates above-trend growth from urban expansion, hospitality builds, and renovation of aging tile roofs where shingles offer speed and design flexibility. Recent developments include regional distribution hubs, localized granule sourcing, and partnerships between manufacturers and prefab/homebuilders to standardize roof specifications and shorten cycle times.
Europe – Asphalt Shingles Market
Europe is a regulation-led, retrofit-oriented market where asphalt shingles compete with clay, slate, and metal, finding strength in lightweight steep-slope applications across the Nordics, Central/Eastern Europe, and remote sites. Market dynamics emphasize CE-marked products, EN-classified fire/wind performance, and systems that integrate vapor control, insulation, and ventilation to meet energy-efficiency targets. Lucrative opportunities are concentrated in architectural shingles for chalet and timber designs, impact-resistant grades for hail belts, and reroofing kits that simplify overlays on legacy substrates. Latest trends include cool-pigment colors for southern climates, low-odor/asphalt-optimized process improvements, and digital roof audits that tie drone imagery to bill-of-materials generation. The forecast suggests stable to modest growth driven by renovation programs, mountain/leisure construction, and selective new-builds that value aesthetics with predictable lifecycle costs. Recent developments highlight expanded accessory ecosystems (ridge/hip, starter, flashing tapes), enhanced warranties aligned to installer accreditation, and circularity initiatives that pilot tear-off collection with paving stakeholders under regional sustainability frameworks.
Key Market Insights
- The asphalt shingles market remains dominant in residential roofing due to its cost-effectiveness, widespread availability, and simple installation process. These attributes make shingles highly attractive for homeowners, contractors, and developers seeking efficient roofing solutions without compromising on durability and aesthetics.
- Growing renovation and remodeling activities in mature economies are fueling demand for asphalt shingles. Many homeowners are opting for shingle replacement to enhance curb appeal, improve energy efficiency, and increase property value, strengthening steady replacement cycles in the market.
- Manufacturers are introducing high-performance shingles designed to withstand extreme weather conditions such as hailstorms, hurricanes, and heavy rainfall. These impact-resistant and wind-rated shingles are gaining traction in regions prone to severe climate challenges, offering enhanced safety and reliability.
- Sustainability is becoming a key focus, with increasing emphasis on recyclable asphalt shingles and eco-friendly production methods. Recycling old shingles into road construction and other applications is gaining momentum, reducing landfill waste and aligning with circular economy principles.
- Energy efficiency trends are shaping product innovation, with cool roof asphalt shingles featuring reflective coatings that minimize heat absorption. These shingles help lower energy consumption in buildings and support compliance with green building standards and energy codes.
- Fiberglass-based asphalt shingles are growing in popularity compared to organic mat shingles due to their lighter weight, higher fire resistance, and improved durability. This shift is accelerating product adoption across both residential and light commercial applications.
- Regional markets display varying dynamics, with North America leading consumption due to established residential housing trends, while Asia-Pacific presents growth opportunities fueled by urbanization, rising disposable incomes, and large-scale housing projects.
- Aesthetic diversity is boosting demand, as asphalt shingles are now available in multiple styles such as three-tab, architectural, and luxury variants. These design options allow homeowners to replicate the appearance of wood, slate, or tile at a fraction of the cost.
- Supply chain optimization and raw material sourcing remain critical factors in pricing, as asphalt and mineral granules are subject to global commodity fluctuations. Manufacturers are focusing on efficiency and regional production to mitigate volatility and ensure stable supply.
- Strategic mergers, acquisitions, and product launches by leading roofing material companies are reshaping competition in the asphalt shingles market. Collaborative efforts are also directed toward expanding distribution networks and developing advanced shingles tailored for regional climate conditions.
Asphalt Shingles Market Segments Covered In The Report
By Product Type
- Dimensional/Architectural Shingles
- Luxury Shingles
- Three-Tab/Strip Shingles
By Composition
- Organic Asphalt Shingles
- Fiberglass Asphalt Shingles
By Application
- Residential
- Commercial
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Market Players
Sika AG, Owens Corning Inc., Carlisle Companies Inc., Wienerberger AG, Soprema Group, Mueller Inc., Johns Manville Corporation, BMI Group, Braas Monier Building Group SA, Certain Teed Corporation, GAF Materials Corporation, IKO Industries Ltd., Atlas Roofing Corporation, Holcim Building Envelope, TAMKO Building Products Inc., Henry Company LLC, Malarkey Roofing Products Co., Building Products of Canada Corp., Siplast Inc., Englert Inc., Polyglass U.S.A Inc., Marley Eternit Ltd., Versico Roofing Systems Inc., Canroof Corporation Inc., TARCO Roofing Materials Inc., SaintGobain SA, DECRA Roofing Systems Inc., PABCO Building Products LLC, Ruberoid Team AG, Premier Building Systems.Recent Industry Developments
- August 2025 – Owens Corning reported strong second-quarter results and highlighted shingle volume outperformance versus the market, reflecting resilient reroof demand and continued mix strength in its Duration® portfolio.
- June 2025 – GAF broke ground on a new state-of-the-art roofing manufacturing facility in Newton, Kansas, expanding U.S. production capacity and adding skilled manufacturing jobs to support long-term shingle demand.
- May 2025 – CertainTeed announced its roofing system now meets IBHS FORTIFIED™ Roof program standards and introduced two performance-focused products, aligning the brand with resilience incentives and contractor certification pathways.
- April 2025 – CertainTeed’s residential shingle portfolio earned the Good Housekeeping Seal, and Landmark® PRO received a 2025 Home Reno Award, underscoring quality validation and consumer recognition across key SKUs.
- April 2025 – Atlas Roofing issued a price increase on shingles and accessories effective April 1, citing input-cost dynamics; the adjustment applies across product lines and shipment dates set by the notice.
- April 2025 – Malarkey Roofing announced a price increase on U.S. residential roofing products effective May 1, aligning pricing with raw material and logistics pressures while maintaining order fulfillment commitments.
- February 2025 – GAF Energy launched Timberline Solar® ES 2, a next-generation nailable solar shingle delivering higher power output and installation efficiencies, expanding solar-integrated roofing options for contractors and homeowners.
- February 2025 – GAF unveiled a suite of innovations at the International Roofing Expo, including new roofing solutions, tools, and training enhancements designed to elevate contractor productivity and system performance.
- February 2025 – Owens Corning announced a new laminate shingle plant in the Southeastern U.S., featuring a four-wide laminator and advanced automation to add significant capacity for the Duration® series by 2027.
- February 2025 – IKO introduced a refreshed “Proven Performance” brand identity and showcased impact-resistant shingles and digital program upgrades at IRE 2025, reinforcing its contractor support and product differentiation strategy.
Available Customizations
The standard syndicate report is designed to serve the common interests of Asphalt Shingles Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.
However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Asphalt Shingles Pricing and Margins Across the Supply Chain, Asphalt Shingles Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Asphalt Shingles market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
1.1 List of Tables
1.2 List of Figures
2. Asphalt Shingles Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Asphalt Shingles Market Overview
2.2 Market Strategies of Leading Asphalt Shingles Companies
2.3 Asphalt Shingles Market Insights, 2024 - 2034
2.3.1 Leading Asphalt Shingles Types, 2024 - 2034
2.3.2 Leading Asphalt Shingles End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Asphalt Shingles sales, 2024 - 2034
2.4 Asphalt Shingles Market Drivers and Restraints
2.4.1 Asphalt Shingles Demand Drivers to 2034
2.4.2 Asphalt Shingles Challenges to 2034
2.5 Asphalt Shingles Market- Five Forces Analysis
2.5.1 Asphalt Shingles Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Asphalt Shingles Market Value, Market Share, and Forecast to 2034
3.1 Global Asphalt Shingles Market Overview, 2024
3.2 Global Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
3.4 Global Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
3.5 Global Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
3.6 Global Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
3.7 Global Asphalt Shingles Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Asphalt Shingles Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Asphalt Shingles Market Overview, 2024
4.2 Asia Pacific Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
4.4 Asia Pacific Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
4.5 Asia Pacific Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
4.6 Asia Pacific Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
4.7 Asia Pacific Asphalt Shingles Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Asphalt Shingles Market Value, Market Share, and Forecast to 2034
5.1 Europe Asphalt Shingles Market Overview, 2024
5.2 Europe Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
5.4 Europe Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
5.5 Europe Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
5.6 Europe Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
5.7 Europe Asphalt Shingles Market Size and Share Outlook by Country, 2024 - 2034
6. North America Asphalt Shingles Market Value, Market Share and Forecast to 2034
6.1 North America Asphalt Shingles Market Overview, 2024
6.2 North America Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
6.4 North America Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
6.5 North America Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
6.6 North America Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
6.7 North America Asphalt Shingles Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Asphalt Shingles Market Value, Market Share and Forecast to 2034
7.1 South and Central America Asphalt Shingles Market Overview, 2024
7.2 South and Central America Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
7.4 South and Central America Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
7.5 South and Central America Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
7.6 South and Central America Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
7.7 South and Central America Asphalt Shingles Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Asphalt Shingles Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Asphalt Shingles Market Overview, 2024
8.2 Middle East and Africa Asphalt Shingles Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Asphalt Shingles Market Size and Share Outlook By Product Type, 2024 - 2034
8.4 Middle East Africa Asphalt Shingles Market Size and Share Outlook By Composition, 2024 - 2034
8.5 Middle East Africa Asphalt Shingles Market Size and Share Outlook By Application, 2024 – 2034
8.6 Middle East Africa Asphalt Shingles Market Size and Share Outlook By Segment4, 2024 - 2034
8.7 Middle East Africa Asphalt Shingles Market Size and Share Outlook by Country, 2024 - 2034
9. Asphalt Shingles Market Structure
9.1 Key Players
9.2 Asphalt Shingles Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Asphalt Shingles Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
Get Free Sample
At OG Analysis, we understand the importance of informed decision-making in today's dynamic business landscape. To help you experience the depth and quality of our market research reports, we offer complimentary samples tailored to your specific needs.
Start Now! Please fill the form below for your free sample.
Why Request a Free Sample?
Evaluate Our Expertise: Our reports are crafted by industry experts and seasoned analysts. Requesting a sample allows you to assess the depth of research and the caliber of insights we provide.
Tailored to Your Needs: Let us know your industry, market segment, or specific topic of interest. Our free samples are customized to ensure relevance to your business objectives.
Witness Actionable Insights: See firsthand how our reports go beyond data, offering actionable insights and strategic recommendations that can drive your business forward.
Embark on your journey towards strategic decision-making by requesting a free sample from OG Analysis. Experience the caliber of insights that can transform the way you approach your business challenges.
FAQ's
The Global Asphalt Shingles Market is estimated to generate USD 8.85 billion in revenue in 2025.
The Global Asphalt Shingles Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.39% during the forecast period from 2025 to 2034.
The Asphalt Shingles Market is estimated to reach USD 13.02 billion by 2034.
$3950- 30%
$6450- 40%
$8450- 50%
$2850- 20%
Didn’t find what you’re looking for? TALK TO OUR ANALYST TEAM
Need something within your budget? NO WORRIES! WE GOT YOU COVERED!
