Market Overview:
The global recycled asphalt shingles (RAS) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for green building materials and rising awareness about environment-friendly construction practices. In terms of volume, the RAS market is projected to reach 9,814 kilotons by 2030. Based on type, black RAS is expected to account for the largest share of the global RAS market in 2018. This can be attributed to its superior properties such as resistance against fire and weathering conditions. Brown RAS is projected to be the fastest-growing type segment during the forecast period due its ability to reduce noise levels and thermal insulation properties.
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Product Definition:
Refers to the recycling of asphalt shingles. The recycling process begins by sorting the shingles into like colors. The next step is to remove any nails, metal, or other debris from the shingles. After that, they are heated and compressed into small pellets.
Black:
Black asphalt shingles (BAS) are a by-product of the asphalt industry and can be characterized as a solid waste product. They are used in various applications such as roofing, flooring, curbs & gutters, and exterior walls. The growing demand for low cost durable materials that have high resistance to weatherization is expected to drive the market growth over the forecast period.
Brown:
Brown is a color that is obtained from the carbonization of organic materials. It can be produced by heating natural gas or petroleum in an oven. The most common sources of brown are coal, wood, and crude oil.
Application Insights:
The commercial building application segment led the global market and accounted for more than 54.0% share of the total revenue in 2017. The growth is attributed to increasing applications in industrial buildings, offices, shopping centers, hotels and restaurants, hospitals and medical centers, schools and colleges among other public buildings such as stadiums.
RAS is a strong alternative to traditional roofing materials including slates tiles bitumen felt etc., owing to properties such as durability flexibility cost-effectiveness resistance to water & moisture insulation & solar reflectance which are increasingly being preferred by several end-users across the globe especially in commercial construction applications.
The civil building application segment was valued over USD 1 billion in 2017 and is expected to grow at a CAGR of XX% from 2018 through 2030 due largelyto its extensive use for sealing cracks around doors windowsills electrical outlets plumbing fixtures on account of superior characteristics such as ease of installation cost-effectiveness etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid urbanization and increasing disposable income of consumers, which will drive construction activities. In addition, rising population in countries such as China and India is likely to boost product demand further.
The regional market has been witnessing robust growth due to growing construction activities across emerging economies such as China, India, Indonesia, Vietnam among others.
Growth Factors:
- Increasing awareness about the benefits of recycled products: There is a growing awareness among consumers about the benefits of using recycled products. This is driving demand for recycled asphalt shingles, as they are made from post-consumer waste materials.
- Rising construction and renovation activities: The global construction industry is witnessing robust growth, owing to increasing urbanization and infrastructure development projects. This is fueling demand for asphalt shingles, which are used in roofing applications.
- Growing popularity of green building initiatives: Many governments and organizations are promoting green building initiatives, which encourage the use of environmentally friendly materials in construction projects. Asphalt shingles that are made from recycled materials fall under this category, making them popular among builders and architects worldwide.
- . Technological advancements in manufacturing processes: The recycling process of asphalt shingles has undergone significant technological advancements over the past few years, making it more efficient and cost-effective. This is resulting in an increase in demand for RAS products globally . 5) Regulations encouraging use of sustainable materials: Governments around the world are implementing regulations that mandate the use of sustainable materials such as recycled content products in construction projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Recycled Asphalt Shingles (RAS) Market Research Report
By Type
Black, Brown, Gray, White
By Application
Commercial Building, Civil Building, Others
By Companies
CertainTeed, GAF Materials, Oldcastle Materials, Owens Corning, Sinopec, Shell Bitumen, Cherry Companies, Lone Star Paving, Bodean Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Recycled Asphalt Shingles (RAS) Market Report Segments:
The global Recycled Asphalt Shingles (RAS) market is segmented on the basis of:
Types
Black, Brown, Gray, White
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Building, Civil Building, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CertainTeed
- GAF Materials
- Oldcastle Materials
- Owens Corning, Sinopec
- Shell Bitumen
- Cherry Companies
- Lone Star Paving
- Bodean Company
 Market Overview.svg)
Highlights of The Recycled Asphalt Shingles (RAS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Black
- Brown
- Gray
- White
- By Application:
- Commercial Building
- Civil Building
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Recycled Asphalt Shingles (RAS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Recycled asphalt shingles (RAS) are a type of roofing material made from recycled asphalt. RAS is a renewable resource that helps reduce environmental waste and saves money in the long run.
Some of the key players operating in the recycled asphalt shingles (ras) market are CertainTeed, GAF Materials, Oldcastle Materials, Owens Corning, Sinopec, Shell Bitumen, Cherry Companies, Lone Star Paving, Bodean Company.
The recycled asphalt shingles (ras) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Recycled Asphalt Shingles (RAS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Recycled Asphalt Shingles (RAS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recycled Asphalt Shingles (RAS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Recycled Asphalt Shingles (RAS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Recycled Asphalt Shingles (RAS) Market Size & Forecast, 2020-2028
4.5.1 Recycled Asphalt Shingles (RAS) Market Size and Y-o-Y Growth
4.5.2 Recycled Asphalt Shingles (RAS) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Black
5.2.2 Brown
5.2.3 Gray
5.2.4 White
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Building
6.2.2 Civil Building
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recycled Asphalt Shingles (RAS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Recycled Asphalt Shingles (RAS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Black
9.6.2 Brown
9.6.3 Gray
9.6.4 White
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Building
9.10.2 Civil Building
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Black
10.6.2 Brown
10.6.3 Gray
10.6.4 White
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Building
10.10.2 Civil Building
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Black
11.6.2 Brown
11.6.3 Gray
11.6.4 White
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Building
11.10.2 Civil Building
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Black
12.6.2 Brown
12.6.3 Gray
12.6.4 White
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Building
12.10.2 Civil Building
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Black
13.6.2 Brown
13.6.3 Gray
13.6.4 White
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Building
13.10.2 Civil Building
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Recycled Asphalt Shingles (RAS) Market: Competitive Dashboard
14.2 Global Recycled Asphalt Shingles (RAS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CertainTeed
14.3.2 GAF Materials
14.3.3 Oldcastle Materials
14.3.4 Owens Corning, Sinopec
14.3.5 Shell Bitumen
14.3.6 Cherry Companies
14.3.7 Lone Star Paving
14.3.8 Bodean Company
