Japan Asphalt Roofing Shingles Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The Japan asphalt roofing shingles market is a rapidly growing segment driven by the increasing demand for durable and energy-efficient roofing solutions. These shingles, made from asphalt and fiberglass, have become a popular choice for residential and commercial buildings due to their affordability, longevity, and resistance to weather elements. The market's growth is largely fueled by advancements in manufacturing technologies, rising construction activities, and a greater focus on sustainable building materials.
In Japan, the demand for asphalt roofing shingles comes primarily from two key industries: construction and renovation. The construction sector is experiencing a steady growth trajectory as urbanization continues to expand, leading to more new buildings requiring roofing solutions. Additionally, the renovation market is witnessing an uptick as homeowners seek cost-effective alternatives to maintain and upgrade their properties. As more consumers prioritize energy efficiency, the market for high-performance shingles with reflective coatings is also on the rise.
The key requirements of the Japan asphalt roofing shingles market from industries include durability, weather resistance, cost-effectiveness, and aesthetic appeal. The shingles must be able to withstand the harsh weather conditions prevalent in Japan, such as heavy rainfall, typhoons, and extreme temperatures. Industries are looking for products that offer not only protection but also energy-saving benefits, such as cool roofing solutions that reduce heat absorption and lower air conditioning costs. Additionally, manufacturers are innovating to meet the demand for sustainable and environmentally friendly materials, driving the development of shingles with improved recyclability and lower carbon footprints.
With the continued demand for quality roofing materials in both new constructions and renovations, the asphalt roofing shingles market in Japan is expected to grow substantially. Stakeholders in the construction and roofing sectors must stay updated on the latest technological advancements and consumer preferences to remain competitive and cater to the ever-evolving needs of the industry. The shift towards energy-efficient and eco-friendly solutions will play a crucial role in shaping the future of the market.
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GAF Materials
Owens Corning
CertainTeed
Atlas Roofing
IKO Group
Malarkey Roofing
PABCO
TAMKO Building Products
Polyglass USA
Tarco
Siplast
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Asphalt Roofing Shingles Market
Fiberglass Asphalt Shingles
Organic Asphalt Shingles
3-Tab Shingles
Architectural Shingles
Luxury Shingles
Residential
Commercial
New Construction
Re-roofing
Standard Durability
High Durability
Premium Durability
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Asphalt Roofing Shingles Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Asphalt Roofing Shingles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Asphalt Roofing Shingles Market, By Type
6. Japan Asphalt Roofing Shingles Market, By Application
7. Japan Asphalt Roofing Shingles Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Asphalt Roofing Shingles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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