Lucintel's latest market report analyzed that asphalt shingle provides attractive opportunities in the residential and commercial sectors. The asphalt shingle market is expected to reach $7.7 billion by 2028 with a CAGR of 3%. In this market, laminated is the largest segment by product, whereas residential is largest by application.

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Based on product, the asphalt shingle market is segmented into high-performance laminated, laminated, and three-tab. The laminated segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it is an improved version of the standard 3-tab shingle that has an additional layer under its lower half, which makes it stronger and more advanced.

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The Asphalt Shingle Market is marked by the presence of several big and small players. Some of the prominent players offering asphalt shingle include GAF Materials, Owens Corning, CertainTeed, Atlas Roofing, and IKO Group.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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