Cool Roofs Market with Detailed Analysis, Competitive landscape, Forecast to 2027

Cool roofing is one of the most significant green technologies today. Cool roofs are designed to absorb less heat and reflect more sunlight than standard roofs. The cool roofing systems are used to overcome heat issues. Cool roof systems can be employed to replace existing roof materials or to lower temperature using reflective materials.

Cool roofs find applications in the construction industry owing to a rise in demand for eco-friendly, and energy-efficient roofing systems, as well as government subsidies and tax benefits. Significant increase in usage of eco-friendly cool roofs and growth in construction industry is expected to boost demand for cool roofing systems across the globe during the forecast period.

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Asia Pacific holds dominant position in the market for cool roofs and also is the fastest growing market. This is owing to rapid urbanization, surge in disposable income of middle-class people, and growing population in the region. Growing real estate sector in Asia Pacific is also expected to boost the market growth during the forecast period. In 2018, the government of India launched ‘Housing for all by 2022’ program. According to India Brand Equity Foundation, in 2017 the India real estate sector was at US$ 120 billion and is expected to reach market size of US$ 1 trillion by 2030. As a result, significant growth in the construction industry is expected to boost the cool roofs market in the Asia Pacific region during the forecast period.

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)

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

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This release was published on openPR.