Product Code: ETC084408 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Asphalt Shingles Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 11.24% in 2025, climbs to a high of 14.13% in 2027, and moderates to 10.43% by 2029.
By 2027, the Asphalt Shingles market in Philippines is anticipated to reach a growth rate of 14.13%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The asphalt shingle roofing material market size in Philippines was valued at USD 321 million in 2025 and is projected to expand with a CAGR of 8% during the forecast period owing to growing residential building construction projects across the country. Increasing awareness among consumers regarding cost savings associated with asphalt shingle roof materials due to their long life span is further aiding growth of this segment.
The Philippines` asphalt shingles market has experienced growth due to the rising construction of residential and commercial buildings. Asphalt shingles offer weather resistance, durability, and a variety of design options, making them a preferred choice for roofing materials. The increasing awareness of the importance of quality roofing and the desire for aesthetically appealing exteriors have contributed to the market`s expansion. As urbanization and construction projects continue, the demand for asphalt shingles is likely to remain strong.
The Philippines asphalt shingles market faces challenges related to construction trends, product awareness, and environmental factors. One significant challenge is the dominance of traditional roofing materials like concrete tiles or galvanized iron sheets. Convincing builders and homeowners about the advantages of asphalt shingles, such as durability, energy efficiency, and aesthetic appeal, requires targeted marketing efforts. Economic factors, including material costs and labor availability, can impact the affordability of asphalt shingles. Addressing concerns about weather resistance and suitability for tropical climates is crucial to gain consumer trust. Furthermore, the market needs to navigate environmental considerations, including recycling options for asphalt shingle waste and promoting sustainable roofing practices.
The Philippines asphalt shingles market underwent significant reshaping due to the COVID-19 pandemic. The construction sector`s temporary slowdown impacted demand as projects were delayed or scaled back. Despite this, the market exhibited flexibility by targeting the residential segment as homeowners embraced renovation projects during lockdowns. The industry also embraced digital platforms to offer virtual consultations and showcase product offerings. This adaptation to changing consumer behaviors and preferences illustrated the market`s resilience and capacity to innovate in challenging times.
Key players in the asphalt shingles market in the Philippines might include brands like Onduline Avrasya Philippines Inc., CertainTeed Corporation, and local roofing material manufacturers. These companies provide asphalt shingles for roofing applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Asphalt Shingles Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Asphalt Shingles Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Asphalt Shingles Market - Industry Life Cycle |
3.4 Philippines Asphalt Shingles Market - Porter's Five Forces |
3.5 Philippines Asphalt Shingles Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Asphalt Shingles Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Philippines Asphalt Shingles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Asphalt Shingles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Asphalt Shingles Market Trends |
6 Philippines Asphalt Shingles Market, By Types |
6.1 Philippines Asphalt Shingles Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Asphalt Shingles Market Revenues & Volume, By Product Type, 2018 - 2031F |
6.1.3 Philippines Asphalt Shingles Market Revenues & Volume, By Laminates Asphalt Shingles, 2018 - 2031F |
6.1.4 Philippines Asphalt Shingles Market Revenues & Volume, By Three-tab Shingles, 2018 - 2031F |
6.1.5 Philippines Asphalt Shingles Market Revenues & Volume, By Strip, 2018 - 2031F |
6.1.6 Philippines Asphalt Shingles Market Revenues & Volume, By Luxury shingles, 2018 - 2031F |
6.2 Philippines Asphalt Shingles Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Philippines Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2018 - 2031F |
6.2.3 Philippines Asphalt Shingles Market Revenues & Volume, By Organic, 2018 - 2031F |
6.3 Philippines Asphalt Shingles Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2018 - 2031F |
6.3.3 Philippines Asphalt Shingles Market Revenues & Volume, By Organic, 2018 - 2031F |
7 Philippines Asphalt Shingles Market Import-Export Trade Statistics |
7.1 Philippines Asphalt Shingles Market Export to Major Countries |
7.2 Philippines Asphalt Shingles Market Imports from Major Countries |
8 Philippines Asphalt Shingles Market Key Performance Indicators |
9 Philippines Asphalt Shingles Market - Opportunity Assessment |
9.1 Philippines Asphalt Shingles Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Asphalt Shingles Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Philippines Asphalt Shingles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Asphalt Shingles Market - Competitive Landscape |
10.1 Philippines Asphalt Shingles Market Revenue Share, By Companies, 2024 |
10.2 Philippines Asphalt Shingles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |