Rapid Technological Advancements and Rising Global Warming, to Surge Demand in Green-Roof Market
Pune, Maharashtra, May 07, 2019 (Wired Release) Prudour Pvt. Ltd. Green-roof is placed in the building which is fully covered with vegetation, plants, or saplings for avoiding the passing of heat through the roofs. Green-roof is one of the modern-day solutions for cutting down the extreme heat that is produced during the day time in summers. They help in reducing the roof temperature and ambient temperature. A green-roof helps in various purposes such as enabling superior insulation and absorbing the rainwater for the later usage, and the creation of a more pleasing environment on the roof.
The rising global warming which in turn is generating the demand of actual natural procedures for curbing the rising heat in the atmosphere and increasing effectiveness of green roof for lowering the release of poisonous and contaminated greenhouse gases that are produced by numerous sources that are propelling the demand for the green-roof market. Rising construction activities of commercial, industrial, as well as residential buildings and increasing government support and environmental heat to the green roof for reducing the global warming and emission of toxic greenhouse gases are among the other factors which help to drive the growth of the target market. However, factors such as the high cost of green-roofs during the initial time and a reimbursement period of these green roofs are also high which is dispiriting building owners for adopting green roofs are the factors that are hampering adoption of green-roof.
Mainly three types of green-roof are available in the market currently, including green-roof, extensive green-roof, semi-intensive and intensive green-roof. Demand for extensive green-roof is high as compared to the other two types as there is an increasing demand from the governmental support eco-friendly construction parties and these extensive green-roof offers benefits that are offered by extensive green roofing.
The green-roof is used in various applications including residential buildings, commercial buildings, and industrial buildings. Demand for green-roof is increasing in residential buildings, due to the increasing demand for eco-friendly and energy-efficient buildings. The green-roof market worldwide is expected to grow at a compound annual growth rate of nearly 7.0% over the next 10 years and was valued at around US$ 699.6 Mn in 2018 to US$ 1,380.4 Mn in 2028.
Rapid technological advancements and rising heat, especially in the US and Canada, are the factors that are resulting in high demand for the target market in North America. There is increasing popularity for the green-roof in the region of Asia Pacific due to increasing governmental support for manufacturing green roof and arrival of new market players in the green roof manufacturing business in this region. In addition, raising awareness about the advantageous features of green roof systems among many individuals in countries such as India and China is another factor driving the growth of the market. Demand for green-roof is comparatively less in regions such as Latin America, and the Middle East Africa.
Some of the major players operating in the global green-roof market are Green Roof Outfitters, Optigreen, Tremco, Liveroof, TAJIMA, Soprema, Sempergreen, Vegetal, Onduline, ZinCo, KAJIMA, VEDAG, Intrinsic, Rooflite, Bauder, Xero Flor, Green Roof Blocks, Vitaroofs, Hannover, and ZHEJIANG SOL.