San Francisco, 27 March 2025: The Report Cool Roof Market Size, Share & Trends Analysis Report By Roof Type (Steep Slope, Low Slope), By Product (Single-ply Membranes, Asphalt Shingles, Metal Roofs, Coated Roofs), By Application, And Segment Forecasts, 2019 - 2025
The global cool roof market size is expected to reach USD 27.1 billion by 2025, accelerating at a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising emphasis on green building projects and increasing use of cool roofs for energy conservation are expected to drive the demand for the product.
Large-scale construction activities in residential and commercial sectors are likely to complement product growth. This can be attributed to increasing installation of the products to reduce external heat absorption, thereby maintaining the indoor ambient temperature. Adoption of various types of cool roofing systems in residential construction is projected to witness remarkable growth in developed economies.
Growing use of the product in industrial sector is likely to propel industry growth. Increasing construction spending on account of rapid urbanization and the removal of trade barriers for foreign investments are expected to drive the growth of the construction industry. In addition, growing awareness concerning the benefits of the product as compared to other materials is likely to drive demand over the forecast period.
Rapid growth of the construction industry in the North American economies coupled with rising demand for eco-friendly and energy-efficient systems is likely to propel the market growth. Businesses and homeowners are increasing preferring products made from durable roofing materials, which are resistant to damages caused by hailstorms, uplifts due to high winds, and exposure to solar radiations. Furthermore, the adoption of energy codes and solar power in roofing systems across all end-use applications is projected to augment market growth.
Rapid growth in the global construction industry and increasing emphasis on green building projects are anticipated to drive the demand for cool roofs and, in turn, propel the market growth over the forecast period.
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Growth in the construction industry on account of rapid urbanization, removal of trade barriers for foreign investments, and increasing spending by the global construction companies in potential markets are various factors that are expected to drive the demand for new roofing systems such as cool roofing products across the globe over the forecast period. Recent growth in the infrastructure sector in countries, such as Australia, India, Germany, Norway, Sweden, and Canada, is anticipated to augment the product demand. Furthermore, the global refugee crisis and the requirement for infrastructure expansion in developing countries are expected to propel the demand for the product globally over the forecast period.
The market in the U.S. is expected to witness growth owing to the growing interest of businesses and homeowners to install cool roofs made from durable roofing materials, which are resistant to damages caused by hailstorms, uplifts due to high winds, and exposure to solar radiations. Cool roofs help avert future occurrences of heat island effects. Cool roofing is an emergent technology that is used to control the temperature of buildings. It prevents the absorption of heat by reflecting sun rays and emitting the UV radiations back to the atmosphere, thereby maintaining the indoor ambient temperature.
Leadership in Energy and Environmental Design (LEED) is a popular green building certification program worldwide. It evaluates construction projects based on design, construction, operations, and maintenance, which contributes to the sustainable development of buildings. Rising importance of energy conservation and strict environmental regulations are, therefore, anticipated to be the major driving factors triggering the growth of cool roof market over the forecast period.
The market is marked by the presence of large-scale and small-scale manufacturers across the globe, thereby resulting in a moderate level of concentration. Competition in the market is intense and categorized by the need for reliable and innovative cool roofing solutions. Majority of manufacturers strive to use innovative and suitable technologies to offer durable products. Major players in the market compete based on product application techniques and product innovation.
