Cool Roof Market

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Cool Roof Market To Reach USD 29.94 Billion By
2027
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Market Summary

• The growing construction industry and increasing
  awareness regarding green projects are driving
  the market.
• Market Size USD 19.43 Billion in 2019, Market
  Growth - CAGR of 5.5, Market Trends High
  demand from developing nations.
• The global Cool Roof market is forecast to reach
  USD 29.94 Billion by 2027, according to a new
  report by Reports and Data. One of the most
  prominent green technology today is Cool Roofs.
  Cool Roofs are installed as they absorb lesser
  heat and reflect more sunlight when compared to
  standard roofs. Cool Roof Systems are used in the
  construction industry due to the increasing
  demand for energy-efficient and eco-friendly
  roofing systems.
• Growth of the construction industry due to
  increasing urbanization and industrialization,
  increasing investments by global construction
  companies, and reduction of trade barriers for
  foreign companies are driving the growth for the
  Cool Roof Market. Another factor driving the
  market growth is the availability of government
  subsidies and tax benefits provided by certain
  countries to promote environment-friendly
  projects. The growing infrastructure sector in
  countries such as Norway, Sweden, Australia,
  Canada, Germany, and India, augments the product
  demand.

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Market Summary

• Further key findings from the report suggest
• Industrial Applications occupied 22.7 of the
  market share in 2019. Using Cool Roofs in
  industrial buildings help decrease the strain on
  the electrical grid, hence enabling a continuous
  workflow by reducing the risk of power outages.
  Thus, these help in increasing the efficiency of
  the industrial buildings.
• In India, less than 10 of households have access
  to air conditioners. The spiking heat, along with
  lower incomes in certain regions of the country,
  drives the market for cool roofs as they are
  economical and environment friendly. The
  government is investing in the National Cooling
  Action Plan, wherein cool roofs are being
  promoted. Cities, such as Hyderabad and
  Ahmedabad, already have cool roof programs that
  act as a model for the other cities to follow.
• Steep-Slope Roofs occupied 44.3 of the market
  share in 2019. The product finds extensive
  applications in residential buildings, and it
  comprises an inclined roofline. These are
  relatively expensive than the other segments and
  are made from metal roofing, tiles, and asphalt
  shingles.
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Market Summary

• Key participants include Firestone Building
  Products, Malarkey Roofing, PABCO Building
  Products, LLC, Henry Company, ATAS International
  Inc., IKO Industries Ltd., Tamko Building
  Products, Inc., GAF Materials Corporation,
  CertainTeed Corporation, and Owens Corning, among
  others.
• SegmentationFor the purpose of this report,
  Reports and Data have segmented into the global
  Cool Roof market on the basis of product, type,
  application, and region
• Product Outlook (Revenue, USD Billion
  2017-2027)
• Slates
• Tiles
• Metal Roofs
• Asphalt Shingles
• Single-Ply Membranes
• Modified BUR
• Foam Roofs
• Coated Roofs

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Market Summary

• Type Outlook (Revenue, USD Billion 2017-2027)
• Steep-Slope Roofs
• Low-Slope Roofs
• Application Outlook (Revenue, USD Billion
  2017-2027)
• Residential
• Industrial
• Commercial
• Regional Outlook (Volume, Kilo Tons Revenue, USD
  Billion 2016-2026)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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