Roofing Material Market in India

Posted By Team MCG On


The thriving urban construction sector in India, coupled with increasing disposable incomes in rural areas, is moving roofing solutions market to the next generation products. Industry sector is also witnessing a gradual shift towards prefabricated buildings, and is indicating an increased willingness to try contemporary roofing materials that are easy to maintain and long lasting.

Roofing Market – Demand Drivers
Housing scenario

Census 2011 estimated that traditional roofing materials account for close to 40% across housing scenario in India. This is largely reflective of the rural landscape which is gradually shifting towards concrete, metal and fibre cement roofing. Concrete roof accounts for 30% of the total roofing demand across the country, followed by metal roofs and fibre cement sheets.

RCC is the preferred choice of roofing solution for the buildings in the urban areas accounting for around 53% of the roofing demand. Metal and plastic roofs are widely used in malls and retail outlets.

Industry Scenario

Warehousing is a leading demand driver for roofing products in India. Industry sources estimate demand for warehousing to grow at an annual rate of around 9% over the next five years. Growing number of factories, poultry farms, architectural buildings, cold storages and development of special economic zones are other key demand drivers for roofing market with focus on thermal insulation and energy conservation.

Indian roofing market was estimated at INR 345 billion in 2013-14. Of the total market RCC accounted for a major share of around 56%

Roofing Market: Break-up by Segment, 2013-14, %

Roofing Materials - Chart

Source:  Secondary research

Fibre cement sheet market was valued at around INR 39 billion in 2013-14 and the segment is expected to grow at around 8-10% per annum. Everest Industries Ltd., Hyderabad Industries Ltd., Visaka Industries Ltd., and Ramco Industries Ltd. are the key players in the fibre cement sheet market accounting for over 70% of the total market.

Tata Bluescope, Lloyds Insulations, Pennar, Kirby, Hindalco, Interarch, Pennar are some of key players in the metal roofing segment. Bangalore Tiles Company, The Calicut Tile Company, Dadoo Brink Kilns Pvt. Ltd. are some of the noted clay tiles manufacturers.

Reliance Industries Limited has developed a polyester fibre that is coated with special chemicals as a substitute for asbestos. These fibres can substitute 10-15% of asbestos fibre in making roofing sheets. Integrating new generation thin photovoltaic solar panels to roofs will gain importance in the coming years given the Government’s effort to promote solar energy.