Global Cool Roofs Market is valued approximately USD 19.14 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2020-2027. Cool Roofs is a Roof type which absorb less heat and reflect sunlight as compare to standard roof. It is a roofing system which has an ability of reflecting the visible, infrared and ultraviolet wave lengths of the sun which helps in reducing heat. The increasing growth in demand of global construction industry owing to growth in urbanization, removal of trade barriers and increase in the spending of global construction industry drive the demand of cool roofs in the forecast period. According to the report of National Research Development Corporation Cool roofs helps in improving thermal comfortability of a building occupants and also save energy in air-conditioned buildings. At the time when cool roofs are applies at scale, they can counter the urban heat effect, which is caused by heat absorbing material in the present environment. With the help of solar radiation, cool roofs can reduce the temperatures inside the buildings and alleviate cooling demand of the whole city. However, high manufacturing costs and high installation charges impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing in technological advancement and in roofing materials and chemicals is likely to increase the market growth during the forecast period.
The regional analysis of global Cool Roofs market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to the growing population and economic growth of the region, leading towards leading urbanization and rapid industrialization. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, and increasing industrialization and continuous population growth would create lucrative growth prospects for the Cool Roofs market across Asia-Pacific region.
Major market player included in this report are:
GAF Materials Corporation
Tamko Building Products, Inc.
IKO Industries Ltd.
ATAS International Inc.
PABCO Building Products, LLC
Firestone Building Products
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Roof type:
Steep Slope Roof
Low slope roofs
Single ply membranes
Metal Roofs, Tiles. Slates
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Cool Roofs Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers