Eco-Friendly Green Roofs Market

Eco-Friendly Green Roofs Market Size (2022 - 2027):

The Global Eco-Friendly Green Roofs Market size was valued at USD 9.05 Billion in 2021 and is projected to reach USD 15.56 Billion by 2027, growing at a CAGR of 9.32 % from 2022 to 2027.

The green roof market is likely to be boosted by the worldwide expansion rate contraction of warming due to green roofs. This is achieved by growing plants on roofs that help absorb the sun's radiation and reduce the urban heat island effect. As a result, several governments are implementing supportive policies to encourage the adoption of green roofs. Therefore, the reduction in worldwide warming due to green roofs is expected to drive market expansion during the foreseen period. The green roof is an emerging technology that could offer a wide range of benefits to communities. The installation of an ecological green roof includes the construction of a vegetal layer on top of a house or building. An ecological green roof consists mainly of a layer of vegetation, which includes trees, plants and shrubs. The main benefits of a green roof are energy reduction, greenhouse gas emissions, better stormwater management, and less heat by regulating roof and adjacent area temperatures.

Market Trends:

Green roof construction enables modern social development as well as sustainable development compared to conventional ballasted gravel roof, contributing to urban heat island problem and water scarcity. The new technology, using natural processes, helps conserve water and reduce solar heat gain. They help reduce the carbon load of buildings, especially in summer, which results in a cooler environment and lower electricity consumption. They also help control greenhouse gas emissions. Thus, its use makes a building ecological and energy efficient. These favorable factors are behind the healthy expansion of the global eco-friendly green roofs market.

Market Drivers:

The global eco-friendly green roofs market is estimated to grow significantly during the outlook period as these roofs provide thermal insulation, improve air quality and drainage system, protect the roof and reduce the effect of worldwide warming. Eco-friendly green roofs regulate temperature, provide warmth in the winter, and keep the roof cool in the summers. These desirable properties of green roofs are estimated to drive the worldwide market over the conjecture period. The worldwide market for eco-friendly green roofs is driven by growing call to adapt to greener methods and resources for the sustainable development of our environment. Rapid urbanization accompanied by a massive increase in carbon emissions and urban congestion has led to the expansion of many environmental problems. Deteriorating air quality and escalating greenhouse effect create a growing call for environmentally friendly technologies like green roofs, further helping the international market.

Market Restraints:

The availability of cheaper substitutes is a key factor holding back the market for eco-friendly green roofs. Traditional roofs are inexpensive and easy to maintain compared to these green roofs.

Market Opportunities:

Developing countries like China, India, and Singapore have seen tremendous expansion in infrastructure and expansion of the manufacturing sector. These countries offer a significant opportunity for green roof manufacturers, as governments also promote green initiatives to reduce the effects of worldwide warming. Companies around the world are investing heavily in green roof technology, due to the strict rules and regulations adopted by governments to reduce greenhouse gases.

Market Challenges:

Green roofs can cause leaks if waterproofing is not done properly. Therefore, inexpensive substitutes are predicted to limit the worldwide nature friendly green roof market during the forecast period.

ECO-FRIENDLY GREEN ROOFS MARKET REPORT COVERAGE:

Market Segmentation:

Eco-Friendly Green Roofs Market - By Type:

• Extensive roof
• Semi-intensive
• Intensive roof

The call for extensive roofing is high in the commercial sector; Therefore, it is estimated that the segment will grow at a rapid pace during the foreseen period. Intensive roofs have gained popularity in the commercial and industrial sector in recent years.

Eco-Friendly Green Roofs Market - By End User:

• Residential
• Industrial
• Commercial

The commercial segment dominated the eco-friendly green roofs market in 2021. It is projected to grow at a significant CAGR over the foreseen period.

Regional Analysis:

• North America Eco-Friendly Green Roofs Industry includes U.S, Canada.

• Europe Eco-Friendly Green Roofs Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Eco-Friendly Green Roofs Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Eco-Friendly Green Roofs Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• Middle East & Africa Eco-Friendly Green Roofs Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

Europe dominated the worldwide market in 2018. It is predicted to maintain its dominance during the foreseen period, due to various policies and subsidies given by governments for the installation of green roofs in the region. Germany is an important market in Europe, as the trend to build an eco-friendly green roof started in Germany in the 1960s. From the 1980s onwards, building codes encouraged the installation of green roofs in several cities in this nation. In Germany, more than 90 million square meters of the product have been installed. Furthermore, in London the product has gained wide acceptance due to the great influence of the London Plan and accounts for around 42% of all green roofs in the UK. Several private companies have brought some of the latest green roof designs from Europe across the Atlantic to North America, making North America a major emerging market for the industry.

The North American market is supposed to expand rapidly during the estimated period. The US government has adopted strict rules and regulations for the installation of green roofs. In addition, it promotes green roofs by offering a tax credit and reduction, floor area ratio bonus, and financing. For example, in financing, building owners can receive $ 100 for the installation of each square meter of green roof. The Asia-Pacific is also estimated to be a lucrative market for green roofs during the outlook period. The region's market is predicted to grow at a moderate pace, due to industrialization and urbanization in developing countries such as China, India, Singapore and Indonesia. Initiatives taken by the Asia-Pacific governments to reduce greenhouse gases are likely to boost the green roof market in the region.

Market Key Players:

1. Optigreen
2. Tajima
3. Soprema
4. Tremco
5. Sempergreen
6. Onduline
7. ZinCo
8. Kajima
9. Vegetal
10. Vedag

Recent Developments:

• Green Roofs for Healthy Cities launches CitiesAlive Virtual2021. CitiesAlive Virtual 2002 will feature online presentations from experts from some of the world's leading designers and in-person visits to green infrastructure in North American cities.