Canada Asphalt Shingles Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (undefined)
Canada Asphalt Shingles Market is Segmented By Product Type (Asphalt Shingles, Modified Asphalt Shingles, Organic Asphalt Shingles, Fiberglass Asphalt Shingles, Natural Slate Asphalt Shingles, Synthetic Slate Asphalt Shingles, Others), By Application (Residential, Non-residential, Commercial, Industrial, Infrastructural, Others), By End User (Households, Commercial Buildings, Government Buildings, Industrial Facilities, Educational Institutions, Religious Structures, Others). The report offers the value (in USD billion) for the above-mentioned segments.
Canada Asphalt Shingles Market Trends
- Increasing adoption of polymer modified asphalt shingles: Polymer modified asphalt (PMA) shingles are gaining rapid popularity in the market. They are made by incorporating polymer materials like rubber and plastic into the asphalt coating to enhance weathering performance. PMA shingles are more durable, resistant to heat, cold, wind, and moisture, while also offering superior traction and stability. Leading manufacturers like GAF, IKO, and CertainTeed are expanding their PMA shingle product lines to meet the growing customer demand for such high-performance roofing materials.
- Growth in demand for algae-resistant shingles: Mold growth and algal buildup on roofs in damp climates results in ugly black stains, thereby increasing the need for algae resistant shingles. Manufacturers are using specialized granule technology using copper or zinc particles to inhibit algae formation. GAF’s Timberline HDZ line features an algae resistance zone with this granule technology. CertainTeed also offers algae-resistant Landmark PRO shingles. The development of new algae prevention formulations and growing consumer awareness regarding eco-friendly products will fuel uptake of algae-resistant asphalt shingles.
- Advancements in recycling technology: Asphalt shingles are 100% recyclable. Emerging techniques like cold central plant recycling, which uses half the energy, are enabling increased shingle recycling and reuse in paving asphalt mixes. Other innovations include microwave technology to reuse shingle fibers and the separation of nailed shingles into asphalt, paper, and nail components for recycling. Such trends will help develop a circular economy, minimize landfill waste, reduce raw material costs, and support environmental sustainability.
- Consolidation among market players: The asphalt roofing shingles industry has witnessed some major mergers and acquisitions among leading players. For instance, Standard Industries acquired GAF to become the largest North American roofing manufacturer. Similarly, in January 2023, Atlas Roofing Corporation acquired Highland Products Group. Such consolidation activities allow companies to enhance their market share, expand product portfolios, and benefit from economies of scale, which is an emerging trend in this fragmented market.
Figure. Canada Asphalt Shingles Market Share