Pro
Manufacturing
Asia-Pacific Roofing Market by Country, 2016-2023
| Label | Asphalt | Tiles | Metal | Concrete | Others | Residential | Industrial |
|---|---|---|---|---|---|---|---|
| 2016 | 7365.1 USD Mn | 7487.6 USD Mn | 6760.7 USD Mn | 6706.4 USD Mn | 4776.2 USD Mn | 13281 USD Mn | 9881.3 USD Mn |
| 2017 | 7585.2 USD Mn | 7758.4 USD Mn | 6990.2 USD Mn | 6919.8 USD Mn | 4906.4 USD Mn | 13746.5 USD Mn | 10172.7 USD Mn |
| 2018 | 7828.2 USD Mn | 8056.2 USD Mn | 7242.9 USD Mn | 7155.3 USD Mn | 5050.9 USD Mn | 14258.7 USD Mn | 10495 USD Mn |
| 2019 | 8094.4 USD Mn | 8381.6 USD Mn | 7519.2 USD Mn | 7413.2 USD Mn | 5209.8 USD Mn | 14818.7 USD Mn | 10848.6 USD Mn |
| 2020 | 8376.7 USD Mn | 8727.8 USD Mn | 7813 USD Mn | 7687 USD Mn | 5378.4 USD Mn | 15414.2 USD Mn | 11223.8 USD Mn |
| 2021 | 8706.7 USD Mn | 9128.3 USD Mn | 8154 USD Mn | 8006.1 USD Mn | 5576.9 USD Mn | 16104.3 USD Mn | 11663.3 USD Mn |
| 2022 | 9050.7 USD Mn | 9548.7 USD Mn | 8511.2 USD Mn | 8339.8 USD Mn | 5783.6 USD Mn | 16827.9 USD Mn | 12121.8 USD Mn |
| 2023 | 9409.4 USD Mn | 9990 USD Mn | 8885.4 USD Mn | 8688.6 USD Mn | 5998.9 USD Mn | 17586.7 USD Mn | 12600.4 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The Asia-Pacific region has emerged as one of the fastest growing markets for roofing products in recent years. This can be attributed to factors such as rapid urbanization, increasing construction activities, and a growing awareness about the importance of sustainable building practices in the region. In terms of demand, the Asia-Pacific roofing market is highly diverse, with demand varying significantly from region to region. The key countries driving demand for roofing products in the region include China, Japan, India, South Korea, and Australia. China, being the largest market in the region, is expected to continue its dominance in the Asia-Pacific roofing market. This can be attributed to the immense growth in construction activities, particularly in the residential sector. With the Chinese government's focus on urbanization and affordable housing, the demand for roofing materials is expected to experience a steady growth in the coming years. Japan, on the other hand, is a mature market for roofing products and is expected to witness a slower growth rate in the coming years. This can be attributed to a noticeable slowdown in the country's construction sector as well as an increasing trend of using more durable and long-lasting roofing materials.
In India, the rising trend of sustainable and green building practices is driving the demand for eco-friendly roofing products. The country is also witnessing a rapid growth in urbanization and commercial construction activities, which further boosts the demand for roofing materials. South Korea, with its strict building codes and regulations, has a strong demand for high-quality roofing products. The country's focus on energy-efficient buildings is also driving the demand for cool roofing materials, which are designed to reduce the energy consumption for cooling purposes. Australia, with its high levels of urbanization and an increasing demand for modern and aesthetically pleasing buildings, is also expected to contribute significantly to the growth of the Asia-Pacific roofing market. The country's preference for expensive and high-quality roofing solutions is expected to drive the demand for premium roofing products in the region. In conclusion, the demand for roofing products in the Asia-Pacific region is steadily increasing across all major countries. As the region continues to experience rapid urbanization and a growing focus on sustainable building practices, the demand for roofing solutions is expected to witness sustained growth in the coming years.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.