Global Asphalt Shingles in Cool Roofs Market Growth 2023-2029

Global Asphalt Shingles in Cool Roofs Market Growth 2023-2029

According to our LPI (LP Information) latest study, the global Asphalt Shingles in Cool Roofs market size was valued at US$ 1648.5 million in 2022. With growing demand in downstream market, the Asphalt Shingles in Cool Roofs is forecast to a readjusted size of US$ 2343.8 million by 2029 with a CAGR of 5.2% during review period.

The research report highlights the growth potential of the global Asphalt Shingles in Cool Roofs market. Asphalt Shingles in Cool Roofs are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Asphalt Shingles in Cool Roofs. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Asphalt Shingles in Cool Roofs market.

Asphalt shingles are a type of waterproof roofing material that uses asphalt as the primary waterproofing A cool roof is a roofing system that delivers higher solar reflectance (the ability to reflect the visible, infrared and ultraviolet wavelengths of the sun, reducing heat transfer to the building) and higher thermal emittance (the ability to radiate absorbed, or non-reflected solar energy) than standard designed roofing products. Historically, cool roofs have been either white or some other lighter shade color. However, that dynamic has changed in recent years with the development of residential cool roof products can also offer solar reflectivity even in dark, rich hues.

Asphalt shingles are a type of waterproof roofing material that uses asphalt as the primary waterproofing material. They are the most popular roofing material in the United States because they are inexpensive, durable, and come in various colors and styles. Asphalt shingles incool roofs are specially designed with solar-reflecting granules (granules that reflect the sun's rays) to help decrease the amount of heat transferred into a home. These shingles can help make your home more comfortable and environmental.

Global key players of Asphalt Shingles in Cool Roofs include Owens Corning, GAF Roofing, CertainTeed, IKO Industries and TAMKO Building Products, etc. The top five players hold a share about 80%. North America is the largest market, has a share about 90%. In terms of product type, Solar Reflectance＞0.20 is the largest segment, occupied for a share of about 57%, and in terms of application, Residential has a share about 90 percent.

Key Features:

The report on Asphalt Shingles in Cool Roofs market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Asphalt Shingles in Cool Roofs market. It may include historical data, market segmentation by Type (e.g., Solar Reflectance≤0.20, Solar Reflectance＞0.20), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Asphalt Shingles in Cool Roofs market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Asphalt Shingles in Cool Roofs market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Asphalt Shingles in Cool Roofs industry. This include advancements in Asphalt Shingles in Cool Roofs technology, Asphalt Shingles in Cool Roofs new entrants, Asphalt Shingles in Cool Roofs new investment, and other innovations that are shaping the future of Asphalt Shingles in Cool Roofs.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Asphalt Shingles in Cool Roofs market. It includes factors influencing customer ' purchasing decisions, preferences for Asphalt Shingles in Cool Roofs product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Asphalt Shingles in Cool Roofs market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Asphalt Shingles in Cool Roofs market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Asphalt Shingles in Cool Roofs market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Asphalt Shingles in Cool Roofs industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Asphalt Shingles in Cool Roofs market.

Market Segmentation:

Asphalt Shingles in Cool Roofs market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Solar Reflectance≤0.20
Solar Reflectance＞0.20

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Owens Corning
GAF Roofing
CertainTeed
IKO Industries
TAMKO Building Products
Malarkey Roofing
Atlas Roofing

Key Questions Addressed in this Report

What is the 10-year outlook for the global Asphalt Shingles in Cool Roofs market?

What factors are driving Asphalt Shingles in Cool Roofs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Asphalt Shingles in Cool Roofs market opportunities vary by end market size?

How does Asphalt Shingles in Cool Roofs break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.