Canada asphalt shingles market size is poised to exceed US$1.85 billion by 2027. Canada asphalt shingles industry is slated to see notable expansion in the next few years, influenced by shifting consumer preference towards environmentally sustainable architecture. The country is witnessing tremendous growth in renovation and re-roofing activities across residential and commercial buildings as consumers look to enhance aesthetics and the overall strength.
The Government of Canada is spending extensively on advancing its green infrastructure projects. Canada ranks second after the United States in the number of Leadership in Energy & Environment Design (LEED) projects worldwide, with having 1,396 certified projects in Ontario alone. Booming green building projects is likely to boost the adoption rate of organic asphalt shingles significantly.
The market for asphalt shingles in Canada’s Alberta province is expected to reach a value of US$180 million by 2027. Rapid urbanization and globalization are fueling commercial and residential construction activities in the region. The steady growth in renovation & reconstruction activities in Alberta province owing to rising consumer spending and inclination towards aesthetics is creating strong demand for asphalt shingles. Moreover, increasing migration in Alberta is likely to escalate the number of new housing projects.
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Canada asphalt shingles market share from Manitoba province is poised to cross over US$45 million by 2027. Growing government initiatives to reduce emission from construction materials is shifting consumer inclination towards green construction materials. This has led to the transformation of landfill wastes into eco-friendly construction materials, such as organic asphalt shingles, that are made from waste paper, wood fiber, cellulose, and other organic materials.
The others segment of Canada asphalt shingles market is expected to witness a CAGR of 2.5% through 2027. A substantial rise in per capita income has led to increased consumer investment in private buildings and luxurious houses. This has resulted in a significant increase in the construction of art galleries, museums, exhibition halls, and others. Asphalt shingles are experiencing high adoption in re-roofing applications, owing to the growing popularity of artistic roofs in residential and commercial infrastructures.
PABCO Building Products LLC, GAF Materials, Henry Company, CertainTeed Corporation, NBP International, Building Products of Canada Corp, Atlas Roofing Corporation, and Owens Corning are some prominent companies operating in Canada asphalt shingles industry. Asphalt shingles manufacturers are integrating modern technology into the manufacturing process to make them more cost-effective and widely adopted eco-friendly construction material.
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Data Tables
TABLE 1 Canada asphalt shingles market, 2016 – 2027, (Million Square Meters) (USD Million)
TABLE 2 Canada asphalt shingles industry volume, by province, 2016 – 2027 (Million Square Meters)
TABLE 3 Canada asphalt shingles industry revenue, by province, 2016 – 2027 (USD Million)
TABLE 4 Canada asphalt shingles industry volume by product, 2016 – 2027, (Million Square Meters)
TABLE 5 Canada asphalt shingles industry revenue by product, 2016 – 2027 (USD Million)
TABLE 6 Canada asphalt shingles industry volume by application, 2016 – 2027, (Million Square Meters)
TABLE 7 Canada asphalt shingles market revenue by application, 2016 – 2027 (USD Million)
TABLE 8 Canada asphalt shingles industry volume by residential application, 2016 – 2027, (Million Square Meters)
TABLE 9 Canada asphalt shingles industry revenue by residential application, 2016 – 2027, (USD Million)
TABLE 10 Canada asphalt shingles industry volume by commercial application, 2016 – 2027, (Million Square Meters)
TABLE 11 Canada asphalt shingles industry revenue by commercial application, 2016 – 2027 (USD Million)
TABLE 12 Canada asphalt shingles market volume by building type, 2016 – 2027, (Million Square Meters)
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