Canada Asphalt Shingles Market (2026-2032) | Outlook, Size, Industry, Analysis, Forecast, Growth, Value, Segmentation, Share, Companies, Revenue & Trends
Market Forecast By Product Type (Laminates Asphalt Shingles, Three-tab Shingles, Strip, Luxury shingles), By Material (Fiberglass, Organic), By Application (Fiberglass, Organic) And Competitive Landscape
| Product Code: ETC4685073 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Canada Asphalt Shingles Market: Import Trend Analysis
In the Canada asphalt shingles market, the import trend exhibited significant growth from 2023 to 2024, with a notable increase of 24.71%. The compound annual growth rate (CAGR) for imports from 2020 to 2024 stood at 10.09%. This surge in imports can be attributed to a combination of increased demand for construction materials and potential shifts in trade policies that favored importation during this period.
Canada Asphalt Shingles Market Growth Rate
According to 6Wresearch internal database and industry insights,
Five-Years Growth Trajectory of the Canada Asphalt Shingles Market with Core Drivers
Below is the evaluation of the year-wise growth rate along with key drivers:
| Years | Estimated Annual Growth (%) | Growth Drivers |
| 2021 | 2.9 | Steady residential roofing demand and home renovation activities |
| 2022 | 3.3 | Growth in housing starts and replacement roofing projects |
| 2023 | 3.8 | Increasing demand for weather-resistant roofing materials |
| 2024 | 4.2 | Expansion of infrastructure and residential construction |
| 2025 | 4.6 | Government focus on energy-efficient and durable housing materials |
Topics Covered in the Canada Asphalt Shingles Market Report
The Canada Asphalt Shingles Market report thoroughly covers the market by Product Type, Material, and Application. The report provides a detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders devise and align strategies according to current and future market dynamics.
Canada Asphalt Shingles Market Highlights
| Report Name | Canada Asphalt Shingles Market |
| Forecast period | 2026-2032 |
| CAGR | 5% |
| Growing Sector | Construction |
Canada Asphalt Shingles Market Synopsis
The Canada Asphalt Shingles Industry is showing stable growth, mainly due to the strong residential construction activities, increasing renovation projects, and the demand for sustained roofing materials. Asphalt shingles are still the most popular choice due to it being a cheaper option, easy to install, and can be used in all kinds of climates. The increasing focus on aesthetic roofing designs and improved weather resistance is also a factor, positively affecting the market.
Evaluation of Growth Drivers in the Canada Asphalt Shingles Market
Below are some prominent drivers and their influence on the Canada Asphalt Shingles Market dynamics:
| Drivers | Primary Segments Affected | Why it Matters |
| Growth in Residential Construction | By Application | Increases the requirement for reliable roofing materials in new housing projects. |
| Rising Renovation Activities | By Product Type | Supports demand for replacement and upgrade of existing roofing systems. |
| Weather Resistance Requirements | By Material | Supports incorporation of sturdy shingles that can withstand extreme climate conditions. |
| Government Housing Programs | By Application | Promotes the usage of quality roofing solutions in public and affordable housing projects. |
The Canada Asphalt Shingles Market Size is projected to grow at a CAGR of 5% during the forecast period (2026–2032). The main factor that drives the growth of the market is the increased residential construction, surge in renovation and reroofing activities, along with the increased demand for weather-resistant roofing materials. The government is also taking significant measures to support the energy-efficient housing and durable construction materials market. The use of high-quality asphalt shingles with great durability and aesthetic appeal is also one of the factors in the Canada Asphalt Shingles Market Growth. Moreover, the increase in urban housing projects and the replacement of older roofs are also making demand stronger.
Evaluation of Restraints in the Canada Asphalt Shingles Market
Below are some prominent restraints and their influence on the Canada Asphalt Shingles Market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| Raw Material Price Fluctuations | By Material | Impacts production costs and influences final product pricing |
| Environmental Regulations | By Product Type | Increases compliance requirements and regulatory adherence efforts |
| Competition from Alternative Roofing | By Application | Affects market share growth due to availability of other roofing options |
| Installation Skill Requirements | By Application | Influences project timelines and adds to installation-related costs |
Canada Asphalt Shingles Market Challenges
Significant issues that the Canada Asphalt Shingles Market must overcome is the changeable nature of raw material prices, the increasing competition between metal and tile roofing, and the need to comply with environmental regulations. Also, there is a shortage of skilled installation labor which creates an issue for the market. The rising problem over the disposal of asphalt waste further generates operational issues.
Canada Asphalt Shingles Market Trends
Several key trends are shaping the growth of the Canada Asphalt Shingles Market:
- Growing Demand for Laminated Shingles: For visual appeal and enhanced durability laminated shingles are gaining preference.
- Focus on Weather-Resistant Roofing: The need for stronger protection against severe weather is thriving product innovation.
- Aesthetic Roofing Designs: Growing focus on residential development is strengthening the need for visually premium shingles.
- Use of Fiberglass-Based Shingles: The demand for fiberglass materials is continuously expanding and thus, the producers are also trying to explore more uses due to its good quality and fire-resistant properties.
Investment Opportunities in the Canada Asphalt Shingles Market
Some notable investment opportunities include:
- Advanced Roofing Technologies: The usage of longer-lasting, energy-efficient shingles is attributing to growth.
- Sustainable Roofing Materials: Eco-efficient shingles give strong future potential.
- Residential Renovation Projects: High replacement demand creates consistent sales opportunities.
- Distribution Network Expansion: Robust supply chain network encourage market development.
Top 5 Leading Players in the Canada Asphalt Shingles Market
Some leading players operating in the Canada Asphalt Shingles Market include:
1. IKO Industries Ltd.
Company NameIKO Industries Ltd.
| Established Year | 1951 |
| Headquarters | Calgary, Canada |
| Website | Click Here |
The company manufactures asphalt shingles for residential and commercial roofing applications.
2. CertainTeed Canada
| Company Name | CertainTeed Canada |
|---|---|
| Established Year | 1904 |
| Headquarters | Mississauga, Canada |
| Website | Click Here |
CertainTeed offers high-performance asphalt shingles with advanced durability features.
3. Owens Corning Canada
| Company Name | Owens Corning Canada |
|---|---|
| Established Year | 1938 |
| Headquarters | Toronto, Canada |
| Website | Click Here |
The company provides roofing solutions including fiberglass-based asphalt shingles.
4. GAF Canada
| Company Name | GAF Canada |
|---|---|
| Established Year | 1886 |
| Headquarters | Toronto, Canada |
| Website | Click Here |
GAF produces premium roofing shingles for residential and commercial buildings.
5. BP Canada Roofing
| Company Name | BP Canada Roofing |
|---|---|
| Established Year | 1905 |
| Headquarters | Montreal, Canada |
| Website | - |
BP Canada Roofing manufactures asphalt shingles for diverse construction needs.
Government Regulations Introduced in the Canada Asphalt Shingles Market
According to Canadian government data, policies under the National Housing Strategy and energy-efficient codes are encouraging the use of robust roofing solutions. The government is providing various tax reliefs and subsidies for sustainable building, which has led to increased recycling of roofing materials. New standards for green buildings are likewise affecting the development of materials and the expansion of the market.
Future Insights of the Canada Asphalt Shingles Market
The Canada Asphalt Shingles Market share is expected to grow steadily due to rising housing construction, increasing renovation activities, and supportive government housing policies. Long-term growth prospects are supported by continued investment in resilient and sustainable roofing materials. Adoption of premium and laminated shingles is strengthening market expansion, alongside growing consumer interest in durable and attractive roofing options.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories:
By Product Type – Laminated Asphalt Shingles to Lead the Market
According to Rashika, Senior Research Analyst, 6Wresearch, laminated asphalt shingles lead the market due to superior durability, enhanced aesthetics, and longer lifespan compared to traditional options.
By Material – Fiberglass to Lead the Market
The market is dominated by fiberglass-based shingles by material due to durable strength, fire resistance, and low weight. Extended durability and weather resilience drive widespread usage.
By Application – Residential to Lead the Market
The residential segment dominates the market due to rising housing construction, renovation projects, and frequent roof replacements. Growing demand for affordable and long-lasting roofing materials is strengthening residential adoption.
Key Attractiveness of the Report
- 10 Years of Market Numbers
- Historical Data Starting from 2022 to 2025
- Base Year: 2025
- Forecast Data until 2032
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Key Highlights of the Report:
- Canada Asphalt Shingles Market Outlook
- Market Size of Canada Asphalt Shingles Market, 2025
- Forecast of Canada Asphalt Shingles Market, 2032
- Historical Data and Forecast of Canada Asphalt Shingles Revenues & Volume for the Period 2022-2032
- Canada Asphalt Shingles Market Trend Evolution
- Canada Asphalt Shingles Market Drivers and Challenges
- Canada Asphalt Shingles Price Trends
- Canada Asphalt Shingles Porter`s Five Forces
- Canada Asphalt Shingles Industry Life Cycle
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Product Type for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Laminates Asphalt Shingles for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Three-tab Shingles for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Strip for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Luxury shingles for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Material for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Fiberglass for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Organic for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Application for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Fiberglass for the Period 2022-2032
- Historical Data and Forecast of Canada Asphalt Shingles Market Revenues & Volume By Organic for the Period 2022-2032
- Canada Asphalt Shingles Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Material
- Market Opportunity Assessment By Application
- Canada Asphalt Shingles Top Companies Market Share
- Canada Asphalt Shingles Competitive Benchmarking By Technical and Operational Parameters
- Canada Asphalt Shingles Company Profiles
- Canada Asphalt Shingles Key Strategic Recommendations
Markets Covered
The report offers a comprehensive study of the following market segments:
By Product Type
- Laminates Asphalt Shingles
- Three-tab Shingles
- Strip
- Luxury Shingles
By Material
- Fiberglass
- Organic
By Application
- Residential
- Commercial
Canada Asphalt Shingles Market (2026-2032): FAQs
The Canada Asphalt Shingles Market is projected to grow at a CAGR of 5% during the forecast period 2026–2032.
Price instability of raw materials, strict environmental norms, and alternative roofing solutions are major challenges.
Laminated asphalt shingles are widely preferred due to their durability, aesthetic benefits, and longer life cycle.
Government housing programs, energy efficiency standards, and sustainability initiatives are strongly supporting market growth.
6Wresearch actively monitors the Canada Asphalt Shingles Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Canada Asphalt Shingles Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Canada Asphalt Shingles Market Overview |
| 3.1 Canada Country Macro Economic Indicators |
| 3.2 Canada Asphalt Shingles Market Revenues & Volume, 2022 & 2032F |
| 3.3 Canada Asphalt Shingles Market - Industry Life Cycle |
| 3.4 Canada Asphalt Shingles Market - Porter's Five Forces |
| 3.5 Canada Asphalt Shingles Market Revenues & Volume Share, By Product Type, 2022 & 2032F |
| 3.6 Canada Asphalt Shingles Market Revenues & Volume Share, By Material, 2022 & 2032F |
| 3.7 Canada Asphalt Shingles Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 4 Canada Asphalt Shingles Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Growth in the construction industry in Canada |
| 4.2.2 Increasing demand for energy-efficient roofing solutions |
| 4.2.3 Rising awareness about the benefits of asphalt shingles over traditional roofing materials |
| 4.3 Market Restraints |
| 4.3.1 Fluctuations in raw material prices |
| 4.3.2 Environmental concerns related to the disposal of asphalt shingles |
| 4.3.3 Competition from alternative roofing materials like metal or tile roofs |
| 5 Canada Asphalt Shingles Market Trends |
| 6 Canada Asphalt Shingles Market Segmentations |
| 6.1 Canada Asphalt Shingles Market, By Product Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Canada Asphalt Shingles Market Revenues & Volume, By Laminates Asphalt Shingles, 2022-2032F |
| 6.1.3 Canada Asphalt Shingles Market Revenues & Volume, By Three-tab Shingles, 2022-2032F |
| 6.1.4 Canada Asphalt Shingles Market Revenues & Volume, By Strip, 2022-2032F |
| 6.1.5 Canada Asphalt Shingles Market Revenues & Volume, By Luxury shingles, 2022-2032F |
| 6.2 Canada Asphalt Shingles Market, By Material |
| 6.2.1 Overview and Analysis |
| 6.2.2 Canada Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2022-2032F |
| 6.2.3 Canada Asphalt Shingles Market Revenues & Volume, By Organic, 2022-2032F |
| 6.3 Canada Asphalt Shingles Market, By Application |
| 6.3.1 Overview and Analysis |
| 6.3.2 Canada Asphalt Shingles Market Revenues & Volume, By Fiberglass, 2022-2032F |
| 6.3.3 Canada Asphalt Shingles Market Revenues & Volume, By Organic, 2022-2032F |
| 7 Canada Asphalt Shingles Market Import-Export Trade Statistics |
| 7.1 Canada Asphalt Shingles Market Export to Major Countries |
| 7.2 Canada Asphalt Shingles Market Imports from Major Countries |
| 8 Canada Asphalt Shingles Market Key Performance Indicators |
| 8.1 Number of new residential construction projects using asphalt shingles |
| 8.2 Adoption rate of energy-efficient asphalt shingle products |
| 8.3 Average lifespan of asphalt shingles in the market |
| 8.4 Percentage of roofing contractors recommending asphalt shingles for residential projects |
| 8.5 Rate of innovation in asphalt shingle technology and product offerings |
| 9 Canada Asphalt Shingles Market - Opportunity Assessment |
| 9.1 Canada Asphalt Shingles Market Opportunity Assessment, By Product Type, 2022 & 2032F |
| 9.2 Canada Asphalt Shingles Market Opportunity Assessment, By Material, 2022 & 2032F |
| 9.3 Canada Asphalt Shingles Market Opportunity Assessment, By Application, 2022 & 2032F |
| 10 Canada Asphalt Shingles Market - Competitive Landscape |
| 10.1 Canada Asphalt Shingles Market Revenue Share, By Companies, 2022 & 2032F |
| 10.2 Canada Asphalt Shingles Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
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