세계의 쿨루프 시장(2023-2030년)

Overview

Global Cool Roofs Market reached US$ 22.6 billion in 2022 and is expected to reach US$ 36.9 billion by 2030, growing with a CAGR of 6.3% during the forecast period 2023-2030.

Building overheating problems are solved with cool roofing systems. Rooftops have the potential to cause buildings to heat up too much. In addition to the building itself, cool roofs can aid the environment by lowering peak electricity demand, lowering local air temperatures and reducing power plant emissions such as sulfur dioxide, carbon dioxide, nitrous oxides and mercury by lowering the amount of cooling energy used in buildings, which is increasing cool roofs demand.

Compared to conventional roofs, cool roofs are designed to reflect more light and absorb less heat. Building overheating issues are addressed by using cool roofing systems. Buildings can overheat because of their rooftops. By using materials that reflect sunlight, cool roofs dissipate heat more slowly than conventional roofs. By lowering the demand for air conditioning and enhancing indoor comfort in non-air-conditioned spaces, a cool roof can assist in reducing energy costs.

The steep-sloped roofs account for over 50% of the market share. Similarly, the Asia-Pacific dominates the cool roofs market, capturing the largest market share of over 1/3rd. The region's rapid urbanization and industrialization. China and India remain the largest producers of cool roofs globally, accounting for nearly 30% and 20% of total production.

Dynamics

Population Growth, Rapid Urbanization and Consumer Standards of Living

The global cool roofs market has witnessed significant growth and transformations over the years, with various factors influencing its dynamics. Over 54% of the world's population, as reported by the United Nations (UN), resides in cities, increasing employment prospects and personal income levels. Building development is rising in both urban and rural locations as nuclear family formation rates rise.

By lowering the demand for air conditioning, enhancing indoor comfort in spaces without air conditioning and increasing roof service life, a cool roof system can help a building and its occupants save money on energy. Because of the above-mentioned factors-growing population, urbanization and rising consumer standards of living-the global cool roofs market is anticipated to expand.

Increased Use of Green Building Materials

Sunlight is used by cool roofs to absorb less heat than traditional roofs. The advantages and benefits of cool roof systems can also be good for the environment, especially when many buildings in an area use them. By bringing down local air temperatures, cool roofs can assist in reducing the urban heat island effect. In July 2023, the activities of HeatCure, a transparent nanotechnology coating, began in India. This coating made using nanotechnology primarily serves to prevent heat gain via glass doors, windows and facades.

In order to prevent power outages and lower emissions from power plants, such as sulphur dioxide, carbon dioxide, nitrous oxides and mercury, cool roofs can assist reduce the peak electrical demand in buildings. By using cool roofing solutions, heat island impacts can be reduced. The energy efficiency of buildings and communities can be greatly increased owing to cool roof systems.

Housing Demand, Real Estate Boom and Mega Infrastructure Projects

Over the forecast period, demand for new roofing systems like cool roofing products is anticipated to increase due to growth in the construction industry brought on by rapid urbanization, the removal of trade barriers for foreign investments and increased spending by international construction companies in potential markets.

It is projected that recent expansion in the infrastructure sector in nations like Australia, Norway, India, Germany, Sweden and Canada will increase product demand. Additionally, it is anticipated that throughout the course of the projection period, the need for infrastructure expansion in developing nations and the worldwide refugee crisis would drive demand for the product globally.

Advantages associated with Cool Roofs

Global warming and the growing population are driving up market demand. A number of nations are emphasizing energy-saving technologies like cool roofing. Compared to conventional roofs, cool roofs absorb less heat from the sun and are better for the environment. By lowering local air temperatures, cool roofs can help to lower peak energy demand and power plant emissions.

Cool roofs allow buildings to maintain cooler interior temperatures, which improves occupant comfort, especially during the sweltering summer months. For commercial and residential structures, this is especially crucial. They can also help to lower the urban heat island effect. This can lessen emissions from power plants and help prevent power outages. The market is anticipated to increase as a result of all these benefits that cool roofs provide.

High Maintenance and Raw Material Costs

Reflective coatings, membranes and specialty roofing materials, among others, are sometimes more expensive than standard roofing materials when utilized to build cool roofs. Building owners may be deterred from investing in cool roofs by this initial cost barrier, particularly in areas where high upfront costs are a major concern. Furthermore, rising costs for certain raw commodities might make adoption even more difficult.

The initial installation cost of cool roofs may be expensive due to the specialized nature of the materials and installation processes needed, even if they might result in long-term savings through decreased energy usage. Furthermore, as cool roofs may need regular re-coating or repairs to preserve their reflective qualities, ongoing maintenance expenses may also be greater for them. Potential adopters may be discouraged by these additional expenditures.

Low Awareness

The market for cool roofs may see growth restraints due to low awareness, which is a significant constraint. Many advantages come with cool roofing, including energy savings, reduced urban heat island effects and enhanced indoor comfort, but if consumers are unaware of these benefits, they might not prioritize adopting this technology.

Building owners and architects may overlook cool roofs while planning or upgrading buildings if they are not aware of their advantages. As a result, there is a decline in the market for cool roofing products and services. Potential adopters risk missing out on huge long-term cost benefits if they don't understand how cool roofs can reduce energy bills by lowering the demand for air conditioning.

Segment Analysis

The global cool roofs market is segmented based on type, product, reflective coatings, application and region.

Increasing Demand for High-Pitched Cool Roofs in Residential Sector

Residential buildings frequently have steep slope roofs, which have an inclining roofline. Materials utilized for steep slope cool roofs include asphalt shingles, metal roofing and tiles. Different cool roofing strategies are needed for steep-sloped roofs because of their unique structures and materials making it cover nearly 38.6% of the global market. Existing shingles can avoid drying out by being covered in a protective coating.

Additionally, more aesthetically acceptable cooling solutions are utilized to cool steep slope roofs because they often make up 40% of a home's or building's exterior visual look. The demand for roofing materials that can withstand strong winds, impacts and deterioration from exposure to the environment has expanded significantly in recent years, which has spurred the demand for high-performance laminated asphalt shingles.

Geographical Penetration

Infrastructure Development, Urbanization and Construction Projects

The Asia-Pacific cool roofs market held the largest market share of 39.3% in 2022 in the cool roofs market analysis. New construction and infrastructure investments in developing nations like China, India and Japan are leading to market expansions in the region.

In the Union Budget 2021, the government allotted the Ministry of Housing and Urban Affairs INR 54,581 crore (US$ 7.64 billion), according to the India Brand Equity Foundation. Additionally, the National Investment and Infrastructure Fund (NIIF) of India will receive an equity investment from the US International Development Finance Corporation (DFC) for US$54 Million in December 2020. This investment would aid India in creating crucial infrastructure projects.

Furthermore, profitable chances are provided to businesses in this area for them to boost their production capacity, which would in turn spur market expansion. Climates that are hot and humid are common in the Asia Pacific region, which increases the requirement for cooling in structures. In these circumstances, cool roofs are especially useful since they reflect a lot of sunshine, lowering heat absorption and maintaining cooler internal temperatures.

Competitive Landscape

The major global players in the market include GAF Material Corporation, BASF SE, CertainTeed Corporation, Sika AG, Owens Corning, Henry Company. IKO Industries, Cool Roof Systems, Firestone Building Products and Carlisle Companies Incorporated.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic in late 2019 created unprecedented challenges for industries worldwide, including the global Cool Roofs market. As countries grappled with lockdowns, supply chain disruptions and reduced economic activity, the construction sector, which is a significant consumer of Cool Roofs, was significantly impacted.

The market for cool roofs suffered as a result of the recent coronavirus outbreak. A nationwide shutdown was planned by various countries to stop the virus's spread. As a result, numerous markets saw substantial losses. The lockout has had a significant negative impact on the cool roof business because it has prevented building for several months. As a result, there were labor shortages, sluggish transportation and rising raw material prices.

Delays in production and delivery as a result increased demand for cool roof materials. Construction material production businesses in China are most impacted by the viral epidemic due to the lockdown and lack of supplies in the region. Reduced consumer demand and consumption throughout the current economic year have led to lower sales of construction materials and a global slowdown. The market's revenue trajectory was heavily influenced by the aforementioned factors.

On the plus side, the market is anticipated to rebound when individual regulatory authorities start to ease these imposed lockdowns. The market is anticipated to grow as a result of the halted and canceled activities.

Russia-Ukraine War Impact Analysis

On top of the supply chain issues currently being caused by COVID-19 and a host of other factors, Russia's invasion of Ukraine poses a possibility of shortages and price increases. 90 percent of the 374,000 companies throughout the world that rely on Russian suppliers are headquartered in the US. According to Dun & Bradstreet, almost 241,000 companies globally rely on Ukrainian suppliers, 93% of which are headquartered in U.S.

This kind of exposure will affect the construction industry. These effects will be felt primarily in three sectors: manufacturing, transportation and raw commodities. These must, of course, be taken into account in any subcontracting plans.

By Type

• Steep-slope roofs
• Low-slope roofs
• Others

By Reflective Coatings

• White roof coatings
• Pigmented coatings
• Aluminum roof coatings
• Roofing Membranes
• Single-Ply Thermoplastic membranes
• Others

By Product

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

By Application

• Residential
• Commercial
• Industrial
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On March 20, 2023, the Nano Shield cool roof coat, a coating created for use on pre-existing commercial roofs, was introduced by NanoTech Inc. It considerably lowers energy expenditures while also decreasing scope 1 carbon emissions by cutting HVAC use in a building by 30-40%. The Nano Shield cool roof coat, like other coatings on the market, is intended to repair and prolong the life of a commercial roof by forming a watertight seal.
• On May 6, 2020, Nouryon unveiled a new product for the building and construction industry that increases the efficiency of energy-saving "cool roof" coatings by strengthening their light-reflecting capabilities and self-cleaning capabilities. The innovative idea blends Levasil colloidal silica from Nouryon, which enhances coating performance, with Expancel expandable thermoplastic microspheres, which reflect light.
• On April 14, 2023, Under the Fluorostar brand name, Everest Systems LLC formally introduced a brand-new, high-performance, field-applied topcoat for repairing and shielding various types of roofing surfaces with long-lasting color. In order to create its water-based, ultra-thin film roof coating, Arkema Inc.'s Kynar Aquatec, a renowned polyvinylidene fluoride (PVDF) polymer resin, was used in the formulation of Fluorostar.

Why Purchase the Report?

• To visualize the global cool roofs market segmentation based on type, product, reflective coatings, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of cool roofs market-level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global cool roofs market report would provide approximately 69 tables, 75 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet By Type
• 3.2. Snippet By Product
• 3.3. Snippet By Reflective Coating
• 3.4. Snippet By Application
• 3.5. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Population Growth, Rapid Urbanization and Consumer Standards of Living
    • 4.1.1.2. Increased Use of Green Building Materials
  • 4.1.2. Restraints
    • 4.1.2.1. High Maintenance and Raw Material Costs
    • 4.1.2.2. Low Awareness
  • 4.1.3. Opportunity
    • 4.1.3.1. Housing Demand, Real Estate Boom and Mega Infrastructure Projects
    • 4.1.3.2. Advantages associated with Cool Roofs
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers' Strategic Initiatives
• 6.6. Conclusion

7. By Type

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 7.1.2. Market Attractiveness Index, By Type
• 7.2. Steep-slope roofs
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Low-slope roofs
• 7.4. Others

8. By Product

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 8.1.2. Market Attractiveness Index, By Product
• 8.2. Coated Roofs*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Foam Roofs
• 8.4. Modified BUR
• 8.5. Single-Ply Membranes
• 8.6. Asphalt Shingles
• 8.7. Metal Roofs
• 8.8. Tiles
• 8.9. Slates

9. By Reflective Coatings

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 9.1.2. Market Attractiveness Index, By Reflective Coatings
• 9.2. White roof coatings*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Pigmented coatings
• 9.4. Aluminum roof coatings
• 9.5. Roofing Membranes
• 9.6. Single-Ply Thermoplastic membranes
• 9.7. Others

10. By Application

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.1.2. Market Attractiveness Index, By Application
• 10.2. Residential*
  • 10.2.1. Introduction
  • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3. Commercial
• 10.4. Industrial
• 10.5. Others

11. By Region

• 11.1. Introduction
  • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 11.1.2. Market Attractiveness Index, By Region
• 11.2. North America
  • 11.2.1. Introduction
  • 11.2.2. Key Region-Specific Dynamics
  • 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.2.7.1. U.S.
    • 11.2.7.2. Canada
    • 11.2.7.3. Mexico
• 11.3. Europe
  • 11.3.1. Introduction
  • 11.3.2. Key Region-Specific Dynamics
  • 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.3.7.1. Germany
    • 11.3.7.2. UK
    • 11.3.7.3. France
    • 11.3.7.4. Italy
    • 11.3.7.5. Russia
    • 11.3.7.6. Rest of Europe
• 11.4. South America
  • 11.4.1. Introduction
  • 11.4.2. Key Region-Specific Dynamics
  • 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.4.7.1. Brazil
    • 11.4.7.2. Argentina
    • 11.4.7.3. Rest of South America
• 11.5. Asia-Pacific
  • 11.5.1. Introduction
  • 11.5.2. Key Region-Specific Dynamics
  • 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.5.7.1. China
    • 11.5.7.2. India
    • 11.5.7.3. Japan
    • 11.5.7.4. Australia
    • 11.5.7.5. Rest of Asia-Pacific
• 11.6. Middle East and Africa
  • 11.6.1. Introduction
  • 11.6.2. Key Region-Specific Dynamics
  • 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Reflective Coatings
  • 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

12. Competitive Landscape

• 12.1. Competitive Scenario
• 12.2. Market Positioning/Share Analysis
• 12.3. Mergers and Acquisitions Analysis

13. Company Profiles

• 13.1. GAF Materials Corporation*
  • 13.1.1. Company Overview
  • 13.1.2. Type Portfolio and Description
  • 13.1.3. Financial Overview
  • 13.1.4. Recent Developments
• 13.2. BASF SE
• 13.3. CertainTeed Corporation
• 13.4. Sika AG
• 13.5. Owens Corning
• 13.6. Henry Company
• 13.7. IKO Industries
• 13.8. Cool Roof Systems
• 13.9. Firestone Building Products
• 13.10. Carlisle Companies Incorporated

LIST NOT EXHAUSTIVE

14. Appendix

• 14.1. About Us and Services
• 14.2. Contact Us