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Roofing Materials in Philippines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Philippines Roofing Market is segmented by Product Type (Asphalt Shingles, Tile Roofing, Metal Roofing, and Other Product Types) and End-user Industry (Residential and Non-Residential).

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Philippines Roofing Market Size

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Philippines Roofing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.00 %
Market Concentration Low

Major Players

Philippines Roofing Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Philippines Roofing Market Analysis

The Philippine roofing market size was estimated at 21,853 thousand square meters in 2020, and the market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the construction works were on temporary halt, which led to a decrease in the demand in the roofing market during the government-imposed lockdown. However, the construction industry is picking up the pace in the post-COVID scenario, and it is estimated to grow in the forecast period, which is likely to enhance the demand in the Philippine roofing market in the coming years.

  • Over the medium term, the growth in the construction of residential and non-residential buildings and the trend of adopting green buildings in the Philippines are expected to drive the market.
  • The residential sector dominated the roofing market in the Philippines, and it is expected to grow during the forecast period, owing to the growing construction activities in the country.
  • Unfavorable conditions arising due to the impact of COVID-19 can act as a barrier to the growth of the market studied.
  • Ongoing and upcoming infrastructure projects and growing prominence for solar rooftop installations are likely to act as opportunities in the future.

Philippines Roofing Market Trends

This section covers the major market trends shaping the Philippines Roofing Market according to our research experts:

Metal Roofing to Dominate the Market

  • Metal roofing is the most popular option for residential roofs in the Philippines. The largest metal roofing sheet is the most consolidated type of metal roofing, while the smallest wedge panels have been developed in recent decades to simulate the appearance of tiles and slates.
  • Metal roofing's life expectancy is more than thrice the durability of asphalt shingles, and warranties vary widely. However, most companies back their products for 20-50 years.
  • Metal roofing is also highly customizable. There are varieties of metal roofing designs, along with various lengths, widths, and thicknesses, which can contribute to the uniqueness of the house. Apart from these advantages of metal roof, it is also energy-efficient and affordable.
  • Most of the metal roofing materials can be installed on gently pitched roofs without leaking, where the minimum roof pitch typically is 3-in-12 (the roof rises 3 inches for each horizontal foot).
  • In the third quarter of 2020, the total number of constructions was 28,696, registering an annual decline rate of 35.3%, which in turn led to a decrease in the demand for metal roofing, thus, creating a negative impact on the growth of the Philippine roofing market.
  • Therefore, the aforementioned factors are expected to show a significant impact on the Philippine roofing market in the coming years.
Philippines Roofing Market, Revenue Share (%), by Product Type, 2020

Residential Construction to Dominate the Market

  • Residential construction accounted for the largest share in the market studied, with a total of 20,178 residential construction in the Philippines during the third quarter of 2020, registering an annual decline rate of 37.2%, which, in turn, negatively impacts the demand in the Philippine roofing market.
  • In the third quarter of 2020, the total value of constructions amounted to PHP 28.9 billion in the Philippines, indicating an annual decrease of 46%.
  • In the residential segment, single-type houses contributed a major share, with 85.7% or 17,294 in the third quarter of 2020, out of all the residential constructions.
  • Single-type and duplex/quadruple-type houses are almost the only consumers for roofing materials, while apartments with penthouses can be of very least significance in creating the demand for roofing materials.
  • Therefore, the aforementioned factors are expected to show a significant impact on the Philippine roofing market in the coming years.
Philippines Roofing Market, Revenue Share (%), by End-user Industry, 2020

Philippines Roofing Industry Overview

The roofing market in the Philippines is fragmented. The major players in the market studied include Union Galvasteel Corporation, DN STEEL, Metalink, Colorsteel Systems Corporation, and Jacinto Color Steel Inc.

Philippines Roofing Market Leaders

  1. DN STEEL

  2. Metalink

  3. Colorsteel Systems Corporation

  4. Jacinto Color Steel Inc.

  5. Union Galvasteel Corporation

*Disclaimer: Major Players sorted in no particular order

Philippines Roofing Market Concentration
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Philippines Roofing Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in the Country

      2. 4.1.2 Gain in the Trend of Green Buildings

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising due to the Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size by Volume)

    1. 5.1 Product Type

      1. 5.1.1 Asphalt Shingles

      2. 5.1.2 Tile Roofing

      3. 5.1.3 Metal Roofing

      4. 5.1.4 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Residential

      2. 5.2.2 Non-residential

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alpha Pro Steel Makers

      2. 6.4.2 BP Canada

      3. 6.4.3 Colorsteel Systems Corporation

      4. 6.4.4 DN Steel

      5. 6.4.5 Jacinto Color Steel Inc.

      6. 6.4.6 Marusugi Co. Ltd

      7. 6.4.7 Metalink

      8. 6.4.8 Onduline

      9. 6.4.9 Philsteel Holdings Corporation

      10. 6.4.10 Puyat Steel Corporation

      11. 6.4.11 Sanlex Roofmaster Center Co. Inc.

      12. 6.4.12 Sheehan Inc.

      13. 6.4.13 TERREAL

      14. 6.4.14 Union Galvasteel Corporation

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Major Ongoing and Upcoming Infrastructure Projects

    2. 7.2 Growing Prominence of Solar Rooftop Installations

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Philippines Roofing Industry Segmentation

The three most common types of roofing for traditional residential houses in the Philippines are asphalt, wood (cedar), and metal. The Philippine roofing market is segmented by product type and end-user industry. By product type, the market is segmented into asphalt shingles, tile roofing, metal roofing, and other product types. By end-user industry, the market is segmented into residential and non-residential. For each segment, the market sizing and forecasts have been done on the basis of volume (thousand square meters).

Product Type
Asphalt Shingles
Tile Roofing
Metal Roofing
Other Product Types
End-user Industry
Residential
Non-residential
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Philippines Roofing Market Research FAQs

The Philippines Roofing Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

DN STEEL, Metalink, Colorsteel Systems Corporation, Jacinto Color Steel Inc. and Union Galvasteel Corporation are the major companies operating in the Philippines Roofing Market.

The report covers the Philippines Roofing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Philippines Roofing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Roofing Materials in Philippines Industry Report

Statistics for the 2024 Roofing Materials in Philippines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Roofing Materials in Philippines analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Roofing Materials in Philippines Market Report Snapshots

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Roofing Materials in Philippines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)