GCC Cool Roof Market

A cool roof is a type of roofing product having higher solar reflectance and thermal emittance properties as compared to the standard roofs. A cool roof is made of highly reflective materials and is designed to reflect more sunlight and reduce heat transfer to the building by absorbing less heat. These roofs are made of various highly reflective types of materials including solar radiation control coatings, sheet covering, tiles, shingles, and other materials. The cool roof helps in enhancing the durability of the roof and saves energy by using less air conditioning. Moreover, they reduce air temperature inside buildings, which helps in preventing heat-related illness and deaths.

To have an edge over the competition by knowing the market dynamics and current trends of “GCC Cool Roof Market,” request for Sample Report here

The key factors driving the growth of the GCC cool roof market include the increasing investment in the infrastructure sector and the growing demand for energy-efficient roofing systems from various industries and the commercial sector across GCC countries. Additionally, various constructional projects including Etihad Rail (Emirates Railway Project), Gasoline and Aromatics Project (GAP), Dubai Creek Harbour, Seven City JLT, The Avenues Riyadh, Asian mall, Fayat Project, and other projects are expected to propel the growth of cool roof market in GCC region. Moreover, various government initiatives such as the Dubai Expo 2020, the Energy Strategy 2050, the Sheikh Zayed Housing Programme, and Dubai Tourism Strategy will increase the investment in the residential and industrial sectors, thereby boosting the demand for cool roof market in the region.

The cool roof provides various benefits such as roof longevity, low maintenance, eco-friendly roofing solution, and higher resistance to the damages caused by solar radiations, hailstorms, and windstorm. This will further boost the cool roof market in the GCC region. Growing awareness for the conservation of energy and strict environmental regulations by the governments will trigger the demand for the cool roof market in GCC region. In addition, increasing emphasis on resource-efficient building projects will further support the growth of the GCC cool roof market. However, fluctuations in raw material prices and less awareness regarding the benefits of cool roofs are hampering the growth of the GCC Cool Roof market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the slope type, the low-slope roofs type is expected to grow a higher CAGR during the forecast period owing to its increased usage in commercial, institutional, and industrial buildings due to its large roof surface areas. In addition, low-sloped roofs have comparatively low installation cost, requires less repair, and maintenance as they are installed on a flat surface, which increases its popularity in industrial sector. Moreover, materials used in making low-sloped roofs include foam, coatings, modified bitumen, and single-ply membranes. These materials have the ability to reflect more solar radiation than steep-sloped roofing materials, thereby increasing the demand over the forecast period.

Based on product type, the market has been segmented into coated roofs, foam roofs, modified BUR, Single-ply membranes, asphalt shingles, metal roofs, tiles, and slates. The single-ply membrane segment is expected to grow at a higher CAGR during the forecast period due to its wide usage in industrial buildings as a result of its beneficial properties, including waterproof surface, flexibility, and durability under diverse climatic conditions. Additionally, various industrial projects, including the Abu Dhabi Metro, Etihad Rail Network, King Hamad Causeway, the Seventh Ring Road Project and other projects are further propelling the market growth in this region.

Based on the application, the commercial segment is anticipated to dominate the market over the forecast period. The rising investments for the construction of new commercial spaces and regulations for the development of green buildings have increased the demand for cool roofs in the commercial sector across the GCC region. On the other hand, the industrial segment is projected to grow at a higher CAGR during the forecast period. This is attributed to the increasing requirement of electricity for large space cooling across the world. Furthermore, the increasing consumer spending, coupled with growing preference for eco-friendly and energy-efficient roofing system are the major driving factors of the GCC cool market in the residential sector.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the countries, the GCC Cool Roof market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. The growing public-private partnerships for the development of the construction industry in Saudi Arabia is expected to drive the growth of the GCC cool roof market during the forecast period. Major construction projects including NEOM smart city, Al Faisaliah City, New Jeddah Downtown, Al Noor City, Government Housing Plans, Oman’s Duqm Port, Kuwait’s Silk City, and Bahrain Bay has been driving the growth of the GCC cool roof market. Moreover, rapid industrialization and modernization in infrastructure across the GCC countries will further boost the GCC cool roof market during the forecast period.

Various notable players operating in the market include Owens Corning, Boral Limited, Sika AG, Tamko Building Products LLC, GAF Materials Corporation, CertainTeed Corporation, and ATAS International, Inc., among others.

The GCC Cool Roof market has been segmented on the basis of roof type, product type, application, and countries. Based on product type, the market is segmented into steep-slope roofs and low-slope roofs. On the basis of product type, the market has been segmented into coated roofs, foam roofs, modified BUR, Single-ply membranes, asphalt shingles, metal roofs, tiles and slates and others including clay, concrete, wood shingles. Based on application, the market is segmented into residential, commercial and industrial. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

For detailed scope of the “Cool Roof Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is GCC Cool Roof market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Cool Roof market? What will be the impact of drivers and restraints in the future?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of GCC Cool Roof market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

GCC Cool Roof Market by Roof Type

• • Steep-Slope Roof
  • Low-Slope Roof

GCC Cool Roof Market by Product Type

• • Coated Roofs
  • Foam Roofs
  • Modified BUR
  • Single-Ply Membranes
  • Asphalt Shingles
  • Metal Roofs
  • Tiles and Slates
  • Others (clay, concrete, wood shingles)

GCC Cool Roof Market by Application

• • Residential
  • Commercial
  • Industrial

    GCC Cool Roof Market by Countries

• • UAE Cool Roof Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Cool Roof Market All-Up (Option 2: Free 25% Customization)
  • Oman Cool Roof Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Cool Roof Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Cool Roof Market All-Up (Option 5: Free 25% Customization)

GCC Cool Roof Leading Market Players (Option 6: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Owens Corning
  • Boral Limited
  • Sika AG
  • Tamko Building Products LLC
  • GAF Materials Corporation
  • CertainTeed Corporation
  • ATAS International, Inc.