Cool Roofs Market Size is projected to reach USD 11.8 billion by 2028, to be Driven by the Growing Construction Industry

The global market for Cool Roofs estimated at USD 7.5 billion in 2023, is projected to reach a revised size of USD 11.8 billion by 2028 registering a compounded annual growth rate (CAGR) of 5.6% over the period 2023-2028.

The latest report titled Cool Roofs Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Cool Roofs market.

The report describes the profile of the top manufacturers of the global Cool Roofs market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.

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Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Cool Roofs market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Cool Roofs market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Cool Roofs market is Asphalt Shingles, CertainTeed LLC, GAF, IKO production, Malarkey Roofing Products and others.

Recent Developments

In November 2021, Nippon Paints launched COOL-TEC cool coatings for exterior walls, roofs, and roads in Singapore.
In May 2020, Nouryon introduced a new solution for the architecture and construction industry that improves the ability of energy-saving "cool roof" coatings to reflect light while also boosting their self-cleaning qualities.
In February 2019, Owens Corning's OC Roofing division introduced TruDefinition Duration FLEX shingles, an innovative blend of SBS polymer modified asphalt.

Cool Roofs Market Segmentation:

Cool Roofs Market By Roof Top, 2023-2028, (IN USD MILLION)

Steep Roof

Low Slope Roof

Other

Cool Roofs Market By Material, 2023-2028, (IN USD MILLION)

Coated Roofs

Foam Roofs

Modified Bur

Single Ply Membranes

Asphalt Shingles

Metal Roofs

Tiles

Slates

Others

Cool Roofs Market By Application, 2023-2028, (IN USD MILLION)

Residential

Commercial & Industrial

Others

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Regional Framework

The Cool Roofs Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2028 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Cool Roofs market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Cool Roofs Market Drivers

Advantages Associated with Cool Roofs will Drive the Growth of the Market.

One of the most significant advantages of cool roofs is the cost savings. Cool roofing is proven to be particularly cost-effective in the long run, with energy savings ranging from 7% to 15% of total cooling costs. Costs vary depending on several criteria, including the size of the project, its location, the temperature, and the ease with which the roof can be accessed. Some projects have cheap installation costs and need little to no maintenance, while the associated energy savings offer consumers a strong incentive.

Surging Commercial Construction Activities

The market demand for cool roofing materials is expected to be driven by rising commercial construction activities across various regions. The global commercial roofing materials market is anticipated to grow due to the rising demand for roofing goods and the increasing need to refurbish and rebuild old buildings and monuments. Over the forecast period, an increase in new construction activities is also expected to boost the growth of the commercial roofing materials market.

Cool Roofs Market Challenges

Limitations in the Use of Cool Roof Products

While cool roofs are a great roofing alternative, they do have certain limitations. Cool roofs are only suitable for locations that receive a lot of sunlight, and not in places where the winters are lengthy and cold are not ideal. This is because the cool roofs may wind up chilling down too much during the cooler months, making the stay quite uncomfortable. Cool roofs are an excellent choice for locations that experience extreme heat.

This Report Also Includes:

» Cool Roofs Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies' strategic developments

» Cool Roofs Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Cool Roofs research report:

Underlying macro- and microeconomic factors impacting the Sales of Cool Roofs.
Basic overview of the Cool Roofs, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Cool Roofs across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Cool Roofs market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Cool Roofs market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market's evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Cool Roofs market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Cool Roofs Market in the coming years?
✦ What are the most significant challenges that the global Cool Roofs Markets may face in the future?
✦ What are the top companies in the global Cool Roofs market?
✦ What are the main trends that are positively impacting the market's growth?

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