Press release
Cool Roof Market Growth, Opportunities, Business Strategies, Revenue and Growth Rate Up to 2029
Cool Roof Market
Report Scope and Methodology:
The Cool Roof Market study delves into various segments, including Type, Product, Application, and Region. Through meticulous research methodologies, the report offers insights into market drivers, restraints, and regional trends.
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What are Cool Roof Market Dynamics?
While the adoption of cool roofs is spurred by their capacity to reflect sunlight and reject heat, promoting energy efficiency, certain factors hinder market growth. These include limited awareness about cool roof benefits in underdeveloped nations and the relatively high maintenance and repair costs associated with these systems.
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Cool Roof Market Segmentation?
Low slope cool roofs dominate the market, holding 58.09% market share in 2022. This trend is expected to persist due to their widespread installation in commercial and industrial buildings. The market is further segmented by application, with the residential sector expected to lead with the highest market share, offering thermal comfort and energy efficiency.
by Type
• Steep-slope roofs
• Low-slope roofs
by Product
• Coated Roofs
• Foam Roofs
• Modified BUR
• Single-ply Membranes
• Asphalt Shingles
• Metal Roofs
• Tiles
• Slates
Who are Cool Roof Market Key Players?
• Owens Corning
• GAF
• CertainTeed Corporation
• Tamko Building Products, Inc.
• IKO Industries Ltd.
• ATAS International Inc.
• Henry Company
• PABCO Building Products, LLC.
• Malarkey Roofing
• Polyglass S.p.A
• ATAS International Inc.
• Johns Manville
• BMI Group
• National Coatings Corporations
• Firestone Building Products
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Regional Insights:
North America accounted for 39.98% market share in 2022, anticipated to maintain its dominance due to thriving construction activities, renovation projects, and increasing product adoption to regulate indoor temperatures. CertainTeed, a prominent player, is expected to continue its dominance in the North American market.
Asia Pacific (APAC) is forecasted to hold a substantial market share, driven by increased construction spending in China and India, coupled with growing consumer disposable income. Regulatory bodies like the Cool Roof Council in APAC promote standardization, incentivization, and implementation of cool roof technology.
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