Cool Roof Market Rising With Growth In New Technology Trends Research By 2025

Posted by Mrudula Anil Karmarkar on April 6th, 2022

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.Growth in the construction industry on account of rapid urbanization, removal of trade barriers for foreign investments, and increasing spending by the global construction companies in potential markets are various factors that are expected to drive the demand for new roofing systems such as cool roofing products across the globe over the forecast period. Recent growth in the infrastructure sector in countries, such as Australia, India, Germany, Norway, Sweden, and Canada, is anticipated to augment the product demand. Furthermore, the global refugee crisis and the requirement for infrastructure expansion in developing countries are expected to propel the demand for the product globally over the forecast period.

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Cool Roofs Market Report Highlights

• Single-ply membranes segment accounted for 23.4% of the global revenue in 2018; the membranes are widely used on account of their superior waterproofing characteristics along with high flexibility and durability
• The cool roofs market in North America is estimated to witness growth of 5.9%, in terms of revenue, from 2019 to 2025 on account of increased awareness among end users concerning product
• The market in China accounted for over 30.7% of Asia Pacific market revenue in 2018 owing to increasing penetration of products and rising government spending on various construction and infrastructure projects
• Major players in the industry offer a wide range of products along with personalized services, such as custom designs and installation services, which is aiding companies in gaining an edge over their competitors

Grand View Research has segmented the global cool roofs market on the basis of roof type, product, application:

Type Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

• Steep-slope Roofs
• Low-slope Roofs

Product Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

• Coated Roofs
• Foam Roofs
• Modified BUR
• Single-ply Membranes
• Asphalt Shingles
• Metal Roofs
• Tiles
• Slates

Application Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

• Residential
• Commercial
• Industrial