Seattle, WA -- (SBWIRE) -- 11/14/2019 -- Global Cool Roofs Market – Insights

Cool roofing is a green technology that absorbs less heat and reflects more sunlight compared to standard roofs. Cool roofs aid in addressing the problem of overheating. Cool roof systems can be used to replace existing roof materials or to decrease the temperature with the help of reflective materials.

Global Cool Roofs Market: Drivers

Growing construction industry, increasing demand for environment-friendly and energy-efficient roofing systems, and government support are some of the factors boosting growth of the global cool roofs market during the forecast period. Moreover, significant growth in the commercial and residential sector is also contributing to growth of the market. For instance, in 2015, Global Construction Perspectives (GCP) stated that the global construction market is set to reach US$ 8 trillion, at an average annual rate of 3.9% by 2030.

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Global Cool Roofs Market: Restraints

However, low awareness regarding advantages of cool roofs is expected to hinder growth of the global cool roofs market.

Global Cool Roofs Market: Regional Analysis

On the basis of region, the global cool roofs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The market in Asia Pacific is expected to account for the largest market share over the forecast period. The market in Asia Pacific is also expected to witness the fastest growth during the forecast period. This is attributed to rapid urbanization, increasing disposable income, and growing population in the region. Significant growth in the real estate sector in Asia Pacific is also expected to propel growth of the market during the forecast period. For instance, in 2018, the government of India launched 'Housing for all by 2022' program. Moreover, according to India Brand Equity Foundation, in 2017, the India real estate sector was valued at US$ 120 billion and is expected to reach US$ 1 trillion by 2030.

Global Cool Roofs Market: Competitive Landscape

Key players operating in the global cool roofs market include, Henry Company, PABCO Building Products, LLC., Owens Corning, GAF Materials Corporation, Tamko Building Products, Inc., Certain Teed Corporation, IKO Industries Ltd., ATAS International Inc., Malarkey Roofing, Polyglass S.p.A, and others.

Market Taxonomy:-

On the basis of roof slope, the global cool roofs market is segmented into:

- Steep Slope Roof

- Low Slope Roof

On the basis of roof type, the global cool roofs market is segmented into:

- Coated Roofs

- Foam Roofs

- Asphalt Shingles

- Metal Roofs

- Single-Ply Membranes

- Modified Bitumen & Built-Up Roofing Systems

- Tiles & Slates

- Others (Including Clay, Wood Shake, and Concrete)

On the basis of application, the global cool roofs market is segmented into:

- Residential

- Industrial

- Commercial

On the basis of region, the global cool roofs market is segmented into:

- North America

- Latin America

- Europe

- Asia Pacific

- Middle East and Africa

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