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Increasing construction activities globally and growing use of green and sustainable raw materials to reduce environmental impact are some key factors driving market growth
Market Size - USD 20.49 Billion in 2020, Market Growth - CAGR of 5.5%, Market Trends - Rapid civil infrastructure development in developing countries
NEW YORK , Aug. 4, 2021 /PRNewswire/ -- The global cool roof market size is expected to reach USD 31.58 billion in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is majorly driven by rapid urbanization, increase in construction activities and projects worldwide, rising use of green and sustainable construction raw materials, and increasing deployment of green heating and cooling systems in residential and commercial buildings. Other key factors driving revenue growth of the global cool roof market are rapid industrialization – mainly in developing countries – rising focus on reducing Greenhouse Gas (GHG) emissions and growing concerns related to global warming and climate change, increasing preference for eco-friendly and energy-efficient home designs, and surging demand for green and energy-efficient roofing systems.
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A cool roof is among the most widely used roofing systems that deliver high thermal emittance and robust solar reflectance, which reducing heat transfer within a building. Cool roofs comprise highly reflective surfaces (shingles or tiles) that help to reduce ambient air temperatures (known as the urban heat island effect). This type of roofing is more energy-efficient and durable than standard or conventional roofing systems. Cool roofs help to save on energy costs and lower electricity bills by reducing the need for air conditioning, while at the same time offering enhanced comfort in indoor spaces such as covered patios or garages that are normally not well air-conditioned or ventilated. Cool roof coatings are produced from white or special pigments that reflect sunlight and protect surfaces from chemical damage and harmful Ultraviolet (UV) rays.
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Some Key Highlights From the Report:
Some major players in the global cool roof market include:
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For the purpose of this report, the global cool roof market is segmented on the basis of type, product, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Product Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Region Outlook (Revenue, USD Billion; 2018 – 2028)
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