Green Roof Market Set to Hit US$ 4.4 Billion, 15.2% of CAGR During 2023-28 - Research Report | IMARC Group

According to the latest report by IMARC Group, titled "Green Roof Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global green roof market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global green roof market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2028, exhibiting a growth rate (CAGR) of 15.2% during 2023-2028.

A green roof is a building roof partially or fully covered with vegetation grown over a waterproofing membrane. It may also include root barriers and drainage and irrigation systems. It serves numerous purposes for a building, such as creating a habitat for wildlife, rainwater absorption, providing insulation, lowering the stress of the individuals around the roof by providing an aesthetically attractive landscape, increasing benevolence, mitigating the heat island effect, and helping to lower urban air temperatures. It is perfect for retrofit or redevelopment projects and new buildings and can be installed on small garages or bigger industrial, commercial, and municipal buildings. It offers various environmental benefits such as thermal reduction, energy conservation, water management, filtering pollutants and heavy metals out of rainwater, carbon sequestration, increased agricultural space, and retaining rainwater.

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Market Trends and Drivers:

The global market is majorly driven by the increasing awareness about these systems. In line with this, the tax benefits offered by governments across the globe for adopting green roofing materials are significantly contributing to the market. Furthermore, the expanding residential construction industry due to the rising population coupled with the improved standard of living is expected to accelerate product adoption.

Apart from this, the rapid industrialization in the emerging region is anticipated to catalyze the product demand to minimize air pollution. Moreover, the escalating demand for effective methods of reducing heat in the atmosphere is creating a positive outlook for the market. Besides, the growing product popularity for food production is offering lucrative opportunities for the market. Additionally, the rising demand for sustainable solutions in construction and urban planning is providing a boost to the market.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/green-roof-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• American Hydrotech Inc. (Sika AG)
• ArchiGreen Roof Ltd
• Axter Limited
• Barrett Company
• Bauder Ltd
• Columbia Green Technologies
• Green Roof Blocks
• Optigrün international AG
• Sempergreen B.V.
• XeroFlor North America
• ZinCo GmbH

Key Market Segmentation:

Breakup by Type:

• Extensive
• Intensive

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Application:

• Residential
• Commercial
• Industrial

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.