Exactitude Consultancy Reports 2021 Press Release: Global Cool Roof Market
Cool roofs are materials that are designed to reflect more sunlight and absorb less heat than a standard roof, similar to how wearing light-coloured clothing can help keep you cool on a hot day. A cool roof can be made of highly reflective paint, a sheet covering, or highly reflective tiles or shingles. Insulation coatings are used to prevent transfer heat, sound and electricity. They are used to protect the equipment or coated surface.
The Global Cool Roof Market size is expected to grow at more than 5.6% CAGR from 2019 to 2028. It is expected to reach above USD 11.8 billion by 2028 from a little above USD 7.5 billion in 2019.
Household and commercial spaces have increasingly invested in the products which enhances the hygiene quality of the ecosystem. Among others, demand for anti-microbial coatings and cool roofs have increased tremendously especially from residential and commercial infrastructure globally.
Rising urbanization is an important component determining the growth of colorant industry.
A cool roof can be made of highly reflective paint, a sheet covering, or highly reflective tiles or shingles. In the summer sun, standard or dark roofs can reach temperatures of 150°F or higher. Under the same conditions, a cool roof could stay more than 50°F cooler, saving energy and money by requiring less air conditioning. Cool roofs are beneficial as it reduces the energy bills and improves the efficiency of energy consumption.
A cool roof is one that is designed to reflect more sunlight and absorb less heat than a traditional roof. A cool roof can be made of highly reflective paint, a sheet covering, or highly reflective tiles or shingles. A cool roof can benefit almost any type of building, but before installing one, consider the climate and other factors.
Cool Roof also benefits in providing indoor comforts where air condition is not accessible.
Cool roofs also act beneficial to reduce the effect of urban heat island. An urban heat island is an urban area which is hotter than the surrounding cool area due to human activities. This effect leads to increased energy consumption, larger greenhouse gas emission and degradation in quality of human life.
Explore 207 market data Tables spread through nearly 200 Pages and in-depth analysis on “Global Cool Roof Market by Roof Type (Steep Roof, Low Slope Roof), Material (Coated Roofs, Foam Roofs, Modified Bur, Single Ply Membrane, Asphalt Shingles, Metal Roofs, Tiles, Slates, Other), Application (Residential, Commercial & Industrial) and by Region, Global Trends and Forecast from 2019 to 2028 ” for Table of Content – https://gwsdigital.com/exactitudeconsultancy/reports/893/cool-roofs-market/
Key players are increasing their share in the market by anticipating future demand and innovating. They are adopting the strategy of mergers and acquisition to enter the arena which was not touched before.
Key players in the Global Cool Roof Market are, Asphalt Shingles, CertainTeed LLC, GAF, IKO production, Malarkey Roofing Products, etc.
These companies are strategizing to revive the business by employing various strategies like high investment in research and development, expanding the product portfolio to satiate the new market demands, regional expansion of business through strategy of mergers and acquisition, and utilizing the synergy obtained through these strategies to further its business opportunities.
Key Market Segments: Global Cool Roof Market
Cool Roof Market By Roof Top, 2019-2028, (IN USD MILLION)
Cool Roof Market By Material, 2019-2028, (IN USD MILLION)
Cool Roof Market By Application, 2019-2028, (IN USD MILLION)
Cool Roof Market By Regions, 2019-2028, (IN USD MILLION)
Important countries in all regions are covered (Total country profiles 25)