Recycled Plastic Roof Shingle Trends and Forecast
The future of the global recycled plastic roof shingle market looks promising with opportunities in the residential and commercial markets. The global recycled plastic roof shingle market is expected to reach an estimated $248.0 million by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly construction materials, rising awareness of plastic waste management, and cost-effectiveness and durability compared to traditional roofing materials.
• Lucintel forecasts that rubber slate is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Leading manufacturer EcoStar launched a new line of recycled plastic roof shingles, aligning with the governmentÄX%$%Xs push for sustainable construction. Additionally, a federal initiative aims to incentivize companies to meet a 30% recycled content target by 2025.
Germany: Key player Braas Monier announced plans to increase production of eco-friendly roof shingles made from recycled plastics by 25% by 2023. Government-backed subsidies for green roofing projects further bolster the marketÄX%$%Xs growth trajectory.
China: With rising environmental concerns, companies like New Sunlight Roof are investing heavily in R&D to produce innovative recycled plastic roof shingles. Government mandates requiring a minimum of 20% recycled content in construction materials by 2025 are driving industry-wide adoption.
Japan: Fujiwara Sangyo unveiled a breakthrough in sustainable roofing materials, introducing a line of durable recycled plastic shingles. In tandem, the governmentÄX%$%Xs ambitious targets to achieve carbon neutrality by 2050 are prompting companies to accelerate efforts towards eco-friendly construction solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Recycled Plastic Roof Shingle by Segment
The study includes a forecast for the global recycled plastic roof shingle by type, application, and region.
Recycled Plastic Roof Shingle Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Rubber Slate
• Rubber Shake
• Rubber Barrel Tile
Recycled Plastic Roof Shingle Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
Recycled Plastic Roof Shingle Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Recycled Plastic Roof Shingle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled plastic roof shingle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled plastic roof shingle companies profiled in this report include-
• Westlake
• Ecostar
• Brava Roof Tile
• CeDUR
• Enviroshake
• F Wave
• Quarrix
• Eurocell
• Guardian
• Authentic Roof
Recent Development in the Recycled Plastic Roof Shingle Market
EcoShingle Inc.: EcoShingle Inc. introduces a new line of recycled plastic roof shingles made from post-consumer plastic waste, aiming to reduce environmental impact while maintaining high durability and performance standards.
RenewRoof Co.: RenewRoof Co. partners with local recycling facilities to source recycled plastic materials for their eco-friendly roof shingles, demonstrating a commitment to sustainability and circular economy principles.
GreenBuild Solutions Ltd.: GreenBuild Solutions Ltd. announces a breakthrough in the development of biodegradable plastic roof shingles, providing an innovative solution to address end-of-life concerns and further reduce environmental footprint.
SustainableRoofs Corporation: SustainableRoofs Corporation invests in advanced manufacturing technologies to enhance the quality and affordability of recycled plastic roof shingles, aiming to make eco-friendly roofing options more accessible to consumers worldwide.
RecycleRoof Industries: RecycleRoof Industries collaborates with leading research institutions to explore new materials and production methods for recycled plastic roof shingles, driving innovation in the sustainable construction industry and paving the way for future advancements.
Features of the Global Recycled Plastic Roof Shingle Market
Market Size Estimates: Recycled plastic roof shingle market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Recycled plastic roof shingle market size by type, application, and region in terms of value ($M).
Regional Analysis: Recycled plastic roof shingle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the recycled plastic roof shingle market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the recycled plastic roof shingle market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the recycled plastic roof shingle market size?
Answer: The global recycled plastic roof shingle market is expected to reach an estimated $248.0 million by 2030.
Q2. What is the growth forecast for recycled plastic roof shingle market?
Answer: The global recycled plastic roof shingle market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the recycled plastic roof shingle market?
Answer: The major drivers for this market are increasing demand for eco-friendly construction materials, rising awareness of plastic waste management and cost-effectiveness and durability compared to traditional roofing materials.
Q4. What are the major segments for recycled plastic roof shingle market?
Answer: The future of the recycled plastic roof shingle market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key recycled plastic roof shingle market companies?
Answer: Some of the key recycled plastic roof shingle companies are as follows:
• Westlake
• Ecostar
• Brava Roof Tile
• CeDUR
• Enviroshake
• F Wave
• Quarrix
• Eurocell
• Guardian
• Authentic Roof
Q6. Which recycled plastic roof shingle market segment will be the largest in future?
Answer: Lucintel forecasts that rubber slate is expected to witness the highest growth over the forecast period.
Q7. In recycled plastic roof shingle market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the recycled plastic roof shingle market by type (rubber slate, rubber shake, and rubber barrel tile), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Recycled Plastic Roof Shingle Market, Recycled Plastic Roof Shingle Market Size, Recycled Plastic Roof Shingle Market Growth, Recycled Plastic Roof Shingle Market Analysis, Recycled Plastic Roof Shingle Market Report, Recycled Plastic Roof Shingle Market Share, Recycled Plastic Roof Shingle Market Trends, Recycled Plastic Roof Shingle Market Forecast, Recycled Plastic Roof Shingle Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.