Market Size of Philippines Roofing Industry
| 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
*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 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 |
Philippines Roofing Market Size Summary
The roofing materials market in the Philippines is poised for growth, driven by the resurgence of the construction industry post-COVID-19. The pandemic initially caused a slowdown in demand due to halted construction activities, but the market is expected to recover and expand over the forecast period. The growth is primarily fueled by increased construction of residential and non-residential buildings, alongside a rising trend in green building adoption. The residential sector remains the dominant force in the market, supported by ongoing and upcoming infrastructure projects. However, challenges from the pandemic's lingering effects could pose obstacles to market growth. Opportunities are emerging in the form of solar rooftop installations, which are gaining traction in the country.
Metal roofing stands out as the preferred choice for residential roofs in the Philippines, offering advantages such as durability, energy efficiency, and customization options. Despite the initial decline in construction activities, metal roofing's long lifespan and affordability make it a compelling option for homeowners. The market is characterized by fragmentation, with key players like Union Galvasteel Corporation, DN STEEL, Metalink, Colorsteel Systems Corporation, and Jacinto Color Steel Inc. playing significant roles. The demand for roofing materials is largely driven by single-type and duplex/quadruple-type houses, with apartments contributing minimally to the market. As the construction sector rebounds, the Philippine roofing market is expected to experience significant growth in the coming years.
Philippines Roofing 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 Increasing Construction Activities in the Country
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1.1.2 Gain in the Trend of Green Buildings
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1.2 Restraints
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1.2.1 Unfavorable Conditions Arising due to the Impact of COVID-19
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1.2.2 Other Restraints
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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 by Volume)
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2.1 Product Type
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2.1.1 Asphalt Shingles
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2.1.2 Tile Roofing
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2.1.3 Metal Roofing
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2.1.4 Other Product Types
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2.2 End-user Industry
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2.2.1 Residential
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2.2.2 Non-residential
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Philippines Roofing Market Size FAQs
What is the current Philippines Roofing Market size?
The Philippines Roofing Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Philippines Roofing Market?
DN STEEL, Metalink, Colorsteel Systems Corporation, Jacinto Color Steel Inc. and Union Galvasteel Corporation are the major companies operating in the Philippines Roofing Market.
