Cool Roof Market Size to Reach USD 31.58 Billion in 2028: CAGR of 5.5% | Reports and Data

NEW YORK, Aug. 4, 2021 /PRNewswire/ -- The global cool roof market size is expected to reach USD 31.58 billion in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is majorly driven by rapid urbanization, increase in construction activities and projects worldwide, rising use of green and sustainable construction raw materials, and increasing deployment of green heating and cooling systems in residential and commercial buildings. Other key factors driving revenue growth of the global cool roof market are rapid industrialization – mainly in developing countries – rising focus on reducing Greenhouse Gas (GHG) emissions and growing concerns related to global warming and climate change, increasing preference for eco-friendly and energy-efficient home designs, and surging demand for green and energy-efficient roofing systems.  

Reports and Data Logo

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3197

A cool roof is among the most widely used roofing systems that deliver high thermal emittance and robust solar reflectance, which reducing heat transfer within a building. Cool roofs comprise highly reflective surfaces (shingles or tiles) that help to reduce ambient air temperatures (known as the urban heat island effect). This type of roofing is more energy-efficient and durable than standard or conventional roofing systems. Cool roofs help to save on energy costs and lower electricity bills by reducing the need for air conditioning, while at the same time offering enhanced comfort in indoor spaces such as covered patios or garages that are normally not well air-conditioned or ventilated. Cool roof coatings are produced from white or special pigments that reflect sunlight and protect surfaces from chemical damage and harmful Ultraviolet (UV) rays.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cool-roof-market

Some Key Highlights From the Report:

  • Among the type segments, the steep-slope roofs segment accounted for largest revenue share of 45% in 2020. Robust revenue share of this segment can be attributed to increasing applications of steep-slope cool roofs in residential and commercial buildings. This type of cool roof is relatively less expensive to deploy than other roof types and generally comprise metal roof tiles and asphalt shingles.
  • Among the product type segments, the asphalt shingles segment dominated other segments with a significantly larger revenue share in 2020. Advantages of asphalt shingles such as increased light scattering properties and lower solar reflectance owing to rough texture are key factors driving growth of this segment. Increasing use of these shingles for roofing in residential and commercial buildings is another major factor driving revenue growth.
  • Among the application segments, the industrial segment led in terms of largest revenue share contribution to the global cool roof market in 2020. Rapid industrialization globally and increasing use of cool roof systems in industrial constructions to enhance building efficiency, and reduce energy use and power plant emissions are major factors supporting growth of this segment.
  • Among regional markets, Asia Pacific cool roof market registered fastest revenue growth rate in 2020 and is expected to register a CAGR of 6.6% during the forecast period. Rapid urbanization trend and increasing industrial activities in countries in the region, particularly in emerging economies such as India and China, and rising demand for green and energy-efficient roofing systems are some key factors driving Asia Pacific market revenue growth.

Some major players in the global cool roof market 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
  • Owens Corning

Order Now: https://www.reportsanddata.com/checkout-form/3197

For the purpose of this report, the global cool roof market is segmented on the basis of type, product, application, and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

  • Steep-slope Roofs
  • Low-slope Roofs

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Slates
  • Tiles
  • Metal Roofs
  • Asphalt Shingles
  • Single-ply Membranes
  • Modified BUR
  • Foam Roofs
  • Coated Roofs

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Residential
  • Industrial
  • Commercial

Region Outlook (Revenue, USD Billion; 2018 – 2028)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

Browse Similar Reports by Building Materials Industry

Waterstops Market Size, Share & Demand By Material Type (PVC, HDPE, Rubber, Others), By Type (External, Internal, Expansion Joints), And By Application (Water Reservoirs and Canals, Bridges and Tunnels, Storage Tanks, Water Treatment Facilities, Others), Forecasts To 2027

Green Building Materials Market Size, Share, Industry Overview By Product (Structural, Interior, Exterior, Others), By End-User Industry (Commercial, Residential), And By Application (Insulation, Roofing, Framing, Interior Finishing, Exterior Siding, Others), Global Forecasts To 2027

Structural Insulated Panels Market By Material Type (Polystyrene, Polyurethane, Glass Wool), By Skin Type (OSB Two Side, OSB One Side), And By Application (Wall and Floor, Cold Storage, Roofs), Forecasts To 2028

Ceramic Wall Tiles Market Size, Share & Analysis, By Product Type (Feldspar, Kaolin, Bentonite, Silica Sand), By Dimensions (20X20, 30X30, 30X60, 60X120), By Application (Residential Replacement, New Residential, Commercial) Forecasts To 2027

Industrial Insulation Market

By Product Type (Blanket, Pipe, Board), By Material Type (Foamed Plastic, Calcium Silicate, Glass Wool, Others), By Application (Petrochemical, Power Generation, Others), Forecasts To 2027

Wood and Laminate Flooring Market By Application, By Product Type (Wood Flooring, Laminate Flooring), And By Distribution Channel (Offline Stores, Online Stores), Forecasts To 2027

Ultra-High Performance Concrete Market By Type (Slurry-Infiltrated Fibrous Concrete, Reactive Powder Concrete, Compact Reinforced Concrete), By Distribution Channel, By Application (Residential, Commercial, Infrastructure), 2017-2027

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Read full Press Release at : https://www.reportsanddata.com/press-release/global-cool-roof-market

Cision View original content:https://www.prnewswire.com/news-releases/cool-roof-market-size-to-reach-usd-31-58-billion-in-2028-cagr-of-5-5--reports-and-data-301348310.html

SOURCE Reports And Data

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.