Cool Roof Market Size Is Expected To Reach USD 27.1 Billion By 2025Posted by Neha Bora on October 11th, 2019 San Francisco, 11 October 2019: The Report Cool Roof Market Size, Share & Trends Analysis Report By Roof Type (Steep Slope, Low Slope), By Product (Single-ply Membranes, Asphalt Shingles, Metal Roofs, Coated Roofs), By Application, And Segment Forecasts, 2019 – 2025 The global cool roof market size is expected to reach USD 27.1 billion by 2025, accelerating at a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising emphasis on green building projects and increasing use of cool roofs for energy conservation are expected to drive the demand for the product. Large-scale construction activities in residential and commercial sectors are likely to complement product growth. This can be attributed to increasing installation of the products to reduce external heat absorption, thereby maintaining the indoor ambient temperature. Adoption of various types of cool roofing systems in residential construction is projected to witness remarkable growth in developed economies. Growing use of the product in industrial sector is likely to propel industry growth. Increasing construction spending on account of rapid urbanization and the removal of trade barriers for foreign investments are expected to drive the growth of the construction industry. In addition, growing awareness concerning the benefits of the product as compared to other materials is likely to drive demand over the forecast period. Rapid growth of the construction industry in the North American economies coupled with rising demand for eco-friendly and energy-efficient systems is likely to propel the market growth. Businesses and homeowners are increasing preferring products made from durable roofing materials, which are resistant to damages caused by hailstorms, uplifts due to high winds, and exposure to solar radiations. Furthermore, the adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment market growth. Access Research Report of Cool Roof Market @ www.grandviewresearch.com/industry-analysis/cool-roof-market Further key findings from the report suggest:
Grand View Research has segmented the global cool roofs market on the basis of roof type, product, application, and region: Type Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)
Product Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)
Application Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)
Regional Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)
Access Press Release of Cool Roof Market @ www.grandviewresearch.com/press-release/global-cool-roofs-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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