Market Size of Plastic Roofing Tiles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Plastic Roofing Tiles Market Analysis
The plastic roofing tiles market is expected to register a CAGR of over 5% during the forecast period.
The outbreak of COVID-19 heavily impacted the manufacturing and services sector, particularly the building and construction industry. Strict social distancing norms and nationwide lockdowns resulted in several construction and renovation projects getting delayed and, in some cases, abandoned. However, with the complete lifting of restrictions and the steady revival of the manufacturing and services sector, the building and construction industry is expected to witness a strong recovery in the future.
- The growing demand for residential construction across the world and the rising awareness of the potential benefits of plastic roofing tiles are expected to drive demand for the market during the forecast period.
- However, demand for the plastic roofing market could be slightly hindered, with plenty of potential substitutes being readily available in the market.
- On the flip side, owing to its low heat conductivity, the growing concept of constructing energy-efficient "green buildings" could potentially provide future opportunities for the plastic roofing tiles market.
- With an ever-increasing population and rapid urbanization across major economies, the Asia-Pacific region is expected to dominate the demand for the plastic roofing tiles market across the world.
Plastic Roofing Tiles Industry Segmentation
Plastic roofing tiles are flat, square pieces manufactured using polymer-based or composite materials, 30% plastic waste and 70% sand, and others. These tiles are used to cover pitched roofs to protect them from rain and sunlight.
The plastic roofing tiles market is segmented by end-user industry and geography. By end-user industry, the market is segmented into residential and non-residential. The report covers market sizes and forecasts for 15 major countries across the region. For each segment, market sizing and forecasts have been done on the basis of value (USD million).
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Plastic Roofing Tiles Market Size Summary
The plastic roofing tiles market is poised for significant growth, driven by the increasing demand for residential construction and the rising awareness of the benefits these tiles offer. The market is expected to experience a robust expansion during the forecast period, despite challenges posed by the availability of substitutes. The resurgence of the building and construction industry, following the disruptions caused by the COVID-19 pandemic, is anticipated to further bolster market growth. The Asia-Pacific region, with its rapid urbanization and growing population, is expected to lead the demand for plastic roofing tiles, supported by the region's burgeoning residential and infrastructure construction activities.
Plastic roofing tiles offer several advantages, such as low thermal conductivity, reduced maintenance costs, and ease of installation, making them an attractive option for residential construction. The global trend towards energy-efficient "green buildings" is expected to create additional opportunities for the market. Major economies, particularly in the Asia-Pacific region, are witnessing a surge in housing demand, driven by urbanization and population growth. This demand is supported by substantial infrastructure investments, particularly in countries like India and China, which are expected to drive regional market growth. The market remains fragmented, with key players actively expanding their product offerings to capture a larger share of the growing market.
Plastic Roofing Tiles Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Residential Construction Globally
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1.1.2 Potential Benefits over Other Types of Roofing Tiles
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1.2 Restraints
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1.2.1 Easy Availability of Potential Substitutes
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 End-user Industry
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2.1.1 Residential
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2.1.2 Non-residential
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2.1.2.1 Commercial
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2.1.2.2 Infrastructure
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2.1.2.3 Industrial
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East and Africa
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Plastic Roofing Tiles Market Size FAQs
What is the current Plastic Roofing Tiles Market size?
The Plastic Roofing Tiles Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Plastic Roofing Tiles Market?
SOGO Amarillo S.A. (MITASA Group), Roofeco, Supaplastics Limited, Pingyun International and AHM Group are the major companies operating in the Plastic Roofing Tiles Market.
