Housing Market Volatility Risk: Economic downturns or slowdowns in residential and commercial construction directly impact demand for Owens Corning's building materials and insulation products, affecting revenue and profitability.

Raw Material Price Volatility Risk: Significant fluctuations in the cost of key raw materials like fiberglass, asphalt, and petroleum-based chemicals can erode profit margins if not effectively managed or passed on to customers.

Intense Competition Risk: The building materials industry is highly fragmented and competitive, leading to pricing pressures, potential market share loss, and the constant need for product innovation and cost efficiency.