The Canada asphalt shingles market size is expected to reach US$ 1.55 Bn by 2032, from US$ 1.29 Bn in 2025, at a CAGR of 2.6% during the forecast period. Asphalt shingles are one of the most popular roofing materials made from fiberglass mat, asphalt, mineral granules, and organic material. They are economical, easy to install, fire-resistant, and available in a wide variety of colors and styles. The growth of the construction industry and rising demand for residential buildings are driving the demand for asphalt shingles in Canada.
The Canada asphalt shingles market is segmented by product type, application, end-user, and region. By product type, the market is segmented into asphalt shingles, modified asphalt shingles, organic asphalt shingles, fiberglass asphalt shingles, natural slate asphalt shingles, synthetic slate asphalt shingles, and others. Fiberglass asphalt shingles account for the largest share, as they are more durable and fire-resistant compared to organic shingles.
Canada Asphalt Shingles Market Drivers
Canada Asphalt Shingles Market Opportunities
Canada Asphalt Shingles Market Restraints
The Canada asphalt shingles market size is expected to reach US$ 1.55 Bn by 2032, from US$ 1.29 Bn in 2025, at a CAGR of 2.6% during the forecast period.
Asphalt shingles are one of the most popular roofing materials made from fiberglass mat, asphalt, mineral granules, and organic material.
They are economical, easy to install, fire-resistant, and available in a wide variety of colors and styles.
The growth of the construction industry and rising demand for residential buildings are driving the demand for asphalt shingles in Canada.
The Canada asphalt shingles market is segmented by product type, application, end-user, and region.
By product type, the market is segmented into asphalt shingles, modified asphalt shingles, organic asphalt shingles, fiberglass asphalt shingles, natural slate asphalt shingles, synthetic slate asphalt shingles, and others.
Fiberglass asphalt shingles account for the largest share, as they are more durable and fire-resistant compared to organic shingles.
Market Size in USD Bn
CAGR2.6%
Study Period | 2025-2032 |
Base Year of Estimation | 2024 |
CAGR | 2.6% |
Larget Market | Canada |
Market Concentration | High |
Major Players | BP Canada, Husky Oil Operations Limited, Imperial Oil, Irving Oil, Suncor Energy and Among Others |
IKO Industries, BP Canada, Husky Oil Operations Limited, Imperial Oil, Irving Oil, Suncor Energy, Shell Canada, Prairie Sky Roofing, Building Products of Canada Corp, CertainTeed, Owens Corning, GAF, Malarkey Roofing Products, Atlas Roofing Corporation, TAMKO Building Products, Henry Company, Polyglass U.S.A., Inc., Duro-Last Roofing, Inc., Excel Roofing Service Inc., Roof Mart Ontario
IKO Industries, BP Canada, Husky Oil Operations Limited, Imperial Oil, Irving Oil, Suncor Energy, Shell Canada, Prairie Sky Roofing, Building Products of Canada Corp, CertainTeed, Owens Corning, GAF, Malarkey Roofing Products, Atlas Roofing Corporation, TAMKO Building Products, Henry Company, Polyglass U.S.A., Inc., Duro-Last Roofing, Inc., Excel Roofing Service Inc., Roof Mart Ontario
New product launches
Acquisition and partnerships
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Yash Doshi is a Senior Management Consultant. He has 12+ years of experience in conducting research and handling consulting projects across verticals in APAC, EMEA, and the Americas.
He brings strong acumen in helping chemical companies navigate complex challenges and identify growth opportunities. He has deep expertise across the chemicals value chain, including commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals. Yash is a sought-after speaker at industry conferences and contributes to various publications on topics related commodity, specialty and fine chemicals, plastics and polymers, and petrochemicals.
Canada Asphalt Shingles Market is Segmented By Product Type (Asphalt Shingles, Modified Asphalt Shin...
Canada Asphalt Shingles Market
How big is the Canada Asphalt Shingles Market?
The Canada Asphalt Shingles Market is estimated to be valued at USD 1.3 in 2025 and is expected to reach USD 1.5 Billion by 2032.
What are the major factors driving the Canada asphalt shingles market growth?
The major factors driving the Canada asphalt shingles market growth are growing construction industry, increasing demand for residential buildings, rise in remodeling and renovation activities, durability and cost-effectiveness, property investments and infrastructural growth.
Which is the leading component segment in the Canada asphalt shingles market?
The leading component segment in the Canada asphalt shingles market is the residential
Which are the major players operating in the Canada asphalt shingles market?
The major players operating in the Canada asphalt shingles market are IKO Industries, BP Canada, Husky Oil Operations Limited, Imperial Oil, Irving Oil, Suncor Energy, Shell Canada, Prairie Sky Roofing, Building Products of Canada Corp, CertainTeed, Owens Corning, GAF, Malarkey Roofing Products, Atlas Roofing Corporation, TAMKO Building Products, Henry Company, Polyglass U.S.A., Inc., Duro-Last Roofing, Inc., Excel Roofing Service Inc., Roof Mart Ontario, and others.
What will be the CAGR of Canada asphalt shingles market?
The CAGR of Canada asphalt shingles market is expected to be 2.6% from 2025 to 2032.