Cool roofing is one of the most significant green technologies today. Cool roofs are designed to absorb less heat and reflect more sunlight than standard roofs. The cool roofing systems are used to overcome heat issues. Cool roof systems can be employed to replace existing roof materials or to lower temperature using reflective materials.
Cool roofs find applications in the construction industry owing to a rise in demand for eco-friendly, and energy-efficient roofing systems, as well as government subsidies and tax benefits. Significant increase in usage of eco-friendly cool roofs and growth in construction industry is expected to boost demand for cool roofing systems across the globe during the forecast period. Also, growth in commercial and residential industries in emerging economies is expected to boost the cool roofs market during the forecast period. For instance, in 2015, Global Construction Perspectives (GCP - provides detailed forecasts of construction providing accurate and valuable analysis and evidence on the future) and Oxford Economics (a leader in global forecasting and quantitative analysis) stated that the global construction market is set to grow by US$ 8 trillion, at an average annual rate of 3.9% by 2030.
Less awareness about benefits of cool roofs is expected to affect the market growth. However, government led initiatives and projects to promote usage of cool roofs are expected boost the global cool roofs market growth.
Asia Pacific holds dominant position in the market for cool roofs and also is the fastest growing market. This is owing to rapid urbanization, surge in disposable income of middle-class people, and growing population in the region. Growing real estate sector in Asia Pacific is also expected to boost the market growth during the forecast period. In 2018, the government of India launched ‘Housing for all by 2022’ program. According to India Brand Equity Foundation, in 2017 the India real estate sector was at US$ 120 billion and is expected to reach market size of US$ 1 trillion by 2030. As a result, significant growth in the construction industry is expected to boost the cool roofs market in the Asia Pacific region during the forecast period.
Major players operating in the global cool roofs market include, Owens Corning, GAF Materials Corporation, Tamko Building Products, Inc., Certain Teed Corporation, IKO Industries Ltd., Henry Company, PABCO Building Products, LLC., ATAS International Inc., Malarkey Roofing, Polyglass S.p.A, and others.
On the basis of roof slope, the global cool roofs market is segmented into:
On the basis of roof type, the global cool roofs market is segmented into:
On the basis of application, the global cool roofs market is segmented into:
On the basis of region, the global cool roofs market is segmented into:
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.