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Increasing construction activities on a global scale and increasing use of green and sustainable raw materials to reduce environmental impact are some of the key factors driving market growth
Market size-20.49 billion U.S. dollars in 2020, market growth-compound annual growth rate of 5.5%, market trend-rapid civil infrastructure development in developing countries
New York, August 4, 2021/PRNewswire/--According to the latest report from Reports and Data, the global cool roof market is expected to reach US$31.58 billion in 2028, with a compound annual revenue growth rate of 5.5% during the forecast period The main drivers of market revenue growth are rapid urbanization, increased global construction activities and projects, increased use of green and sustainable building materials, and increased deployment of green heating and cooling systems in residential and commercial buildings. Other key factors driving the revenue growth of the global cool roof market are rapid industrialization—mainly in developing countries—increasing attention to reducing greenhouse gas (GHG) emissions, growing concerns about global warming and climate change, and increasing concerns about environmental protection and energy. Increasing preference-efficient home design and a surge in demand for green and energy-saving roof systems.
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The cool roof is one of the most widely used roof systems. It has a high thermal emissivity and strong solar reflectance, which can reduce heat transfer within the building. Cool roofs include highly reflective surfaces (shingles or tiles) that help lower the ambient temperature (known as the urban heat island effect). This type of roof is more energy efficient and more durable than standard or traditional roof systems. Cool roofs help save energy costs and reduce electricity bills by reducing the need for air conditioning, while providing greater comfort in indoor spaces, such as covered terraces or garages that do not usually have good air conditioning or ventilation. Cool roof coatings are made of white or special pigments that reflect sunlight and protect the surface from chemical damage and harmful ultraviolet (UV) damage.
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Some key highlights from the report:
Some of the major players in the global cool roof market include:
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For the purposes of this report, the global cold roof market is segmented according to type, product, application, and region:
Type outlook (revenue, billion US dollars; 2018-2028)
Product outlook (revenue, billion U.S. dollars; 2018-2028)
Application outlook (revenue, billion US dollars; 2018-2028)
Regional outlook (revenue, billion US dollars; 2018 – 2028)
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