ROOFING TILES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The high initial costs required for roofing tiles compared to other alternatives like concrete tiles, asbestos sheets or cheaper alternates is one of the major factors restraining the growth of the global roofing tiles market. Roofing tiles are generally made from natural clay materials which makes the production process more labor-intensive and extractive in nature. Firing the clay tiles in kilns to harden them for withstanding harsh weather conditions also adds to their energy consumption during manufacturing. All these factors contribute to increased costs of roofing tiles.

Market Opportunities: Emergence of green building concept

The emergence of green building concept is an excellent opportunity for growth in the global roofing tiles market. In the recent years, there has been a heightened awareness regarding environment protection and sustainability among builders, developers as well as consumers. More and more construction projects are opting for green certifications which require the use of eco-friendly materials. Roofing tiles manufactured using recycled content or from natural materials meet the criteria for green building and are seeing higher demand.

Several governments around the world are also incentivizing the use of sustainable roofing solutions through their policies and regulations. For example, according to the United Nations Environment Programme, over 130 countries have introduced eco-friendly building codes and standards to promote resource-efficient green constructions. This policy support is encouraging the adoption of roof tiles that have lower carbon footprint and are produced with minimal environmental impact. Many tile manufacturers have started developing product portfolios specialized for green building projects.