India Roofing Market outlook
According to the report by Expert Market Research (EMR), the India roofing market size is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the increasing demand for durable and energy-efficient roofing solutions and the growing applications of roofing materials in various sectors, the market is expected to reach a value of USD 14,669.58 million by 2032.
Roofing refers to the materials and constructions used to cover the top of buildings, providing protection against weather elements and enhancing the structural integrity and aesthetic appeal of the structures. The market for roofing in India is driven by the booming construction sector, the rise in infrastructure projects, and the increasing focus on sustainable and energy-efficient building practices.
The rapid growth of the construction sector in India, driven by urbanisation, industrialisation, and government initiatives like the Smart Cities Mission and Pradhan Mantri Awas Yojana, is significantly boosting the demand for roofing materials. The need for residential, commercial, and industrial buildings is driving market growth.
The growing emphasis on sustainability and green building practices is driving the demand for eco-friendly and energy-efficient roofing solutions. Materials like cool roofs, green roofs, and solar roofs are gaining popularity for their environmental benefits and energy-saving properties, leading to India roofing market growth.
The rise in disposable incomes and improved living standards have led to increased consumer spending on quality housing and infrastructure. This, in turn, drives the demand for high-quality and durable roofing materials.
Continuous advancements in roofing technologies, including the development of advanced materials like TPO (thermoplastic olefin) and EPDM (ethylene propylene diene monomer) membranes, have enhanced the performance and longevity of roofing systems. Innovations in installation techniques and design flexibility also contribute to market growth.
Government initiatives and regulations promoting infrastructure development and affordable housing are supporting the roofing market. Policies aimed at improving building standards and encouraging the use of sustainable materials further boost the market, consequently driving up the India roofing market share.
The residential sector is a significant market for roofing materials, driven by the increasing demand for quality housing and the need for durable and aesthetically pleasing roofing solutions. The growth of the middle class and urbanisation contribute to this segment’s expansion.
The commercial sector, including office buildings, shopping malls, hotels, and educational institutions, is experiencing robust growth. The demand for energy-efficient and sustainable roofing solutions in commercial buildings drives the growth of roofing market in India.
The industrial sector requires durable and resilient roofing solutions for factories, warehouses, and production facilities. The expansion of manufacturing and industrial activities in India supports the demand for industrial roofing materials.
The increasing number of infrastructure projects, including airports, railway stations, and public buildings, drives the demand for high-performance roofing systems. Government initiatives and investments in infrastructure development contribute to market growth.
As per the India roofing market analysis, North India is a significant market for roofing due to high construction activities and the presence of major urban centres. The region’s diverse climatic conditions drive the demand for various roofing solutions, including durable and weather-resistant materials.
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South India, known for its strong real estate and construction sectors, is a key market for roofing materials. The region’s focus on sustainability and green building practices supports the demand for eco-friendly roofing solutions.
East India presents growth opportunities for the roofing market, driven by increasing infrastructure development and urbanization. The region’s growing middle class and rising disposable incomes contribute to market development.
West India, including major cities like Mumbai and Pune, is a significant market for roofing due to high consumer spending and a strong commercial sector. The region’s diverse architectural styles and construction activities support the demand for varied roofing solutions.
India Roofing Market Segmentation
The market can be divided based on material, type, end use, and region
Market Breakup by Material
- Bituminous
- Tiles
- Metal
- Plastic
- Others
Market Breakup by Type
- Flat Roof
- Slope Roof
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Material Breakup by Region
- North
- East
- West
- South
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India roofing market. Some of the major players explored in the report by expert market research are as follows:
- Tata BlueScope Steel
- JWS Steel, Coated Products Limited
- Everest Industries Limited
- Bansal Roofing Products Limited
- Hindalco Ind Ltd.
- CK Birla Group
- Others
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