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Home ➤ Building and Construction ➤ Residential Construction and Improvement ➤ Thermochromic Roof Market
Thermochromic Roof Market
Thermochromic Roof Market
Published date: May 2023 • Formats:
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  • Home ➤ Building and Construction ➤ Residential Construction and Improvement ➤ Thermochromic Roof Market

Thermochromic Roof Market By Product Type (Steep-Sloped Roofs, Low-Sloped Roofs), By End-Use (Residential, Commercial, Industrial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: May 2023
  • Report ID: 83470
  • Number of Pages: 214
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Thermochromic Roof Market Introduction:
    • Detailed Segmentation:
    • Market Dynamics:
    • Competitive Landscape:
    • Key Development:

    Thermochromic Roof Market Introduction:

    Thermochromic Roof Market is projected to reach a valuation of US$ 37.79 Bn by 2031 at a CAGR of 5.70%, from US$ 21.71 Mn in 2021.

    Urban areas have critical climatic impacts that can be attributable to clustered buildings, high population densities, and the presence of numerous vehicles. The severe impacts of exponential rates of construction projects being carried out have, in most cases, not been contemplated thoroughly. Moreover, the need to moderate a metropolitan area’s heat impact. Scientists have revealed a promising method to do so, and this involves the monitoring of energy through cool rooftop innovations, particularly on commercially low-slope roofing. The production of such rooftops would use thermochromic rooftop films unless this product is unavailable. To this end, there is a need to create improved thermochromic materials in order for this industry to further its existing market trajectory. Producing a thermochromic roof involves a definite endeavor to create a composite material in a multi-layer system that can provide the ideal performance to limit energy utilization on both hot and cold days.

    Thermochromic Roof Market

    Detailed Segmentation:

    The market segmentation of the thermochromic roof market is based on – Product Type, End-Use, & Region.

    Based on Product Type:

    • Steep-Sloped Roofs
    • Low-Sloped Roofs

    Based on End-Use:

    • Residential
    • Commercial
    • Industrial

    By Region:

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

    Market Dynamics:

    Thermochromic materials can reversibly change the optical properties in response to natural temperatures. They can also reduce the amount of energy that is conventionally utilized during and after a building is constructed, thereby regulating the heat that would generally be transported through a building’s envelope, i.e., restricting undesired solar heat gain during the sweltering seasons and expanding heat gaining properties during winter. This form of technology offers benefits such as this over conventional cool rooftop innovations. These factors are expected to fuel market growth prospects for this industry, across the globe. Despite such advantages, this product has still not gained popularity in rural areas as well as urban zones, and the fact that they need yearly maintenance may make this product not as cost-effective for consumers. Factors such as these may restrain the revenue growth of this market in the years to come.

    Furthermore, a darker rooftop assimilates more heat from the sun and helps warm a house during winter; a lighter-shaded rooftop will reflect the light and assist in keeping a home cooler during the summer. Around 40% of a typical building’s energy use and cost comes from heating and cooling solutions, making the inconsistent rooftop system possibly a money-saving innovation for homeowners and businesses alike. Buildings additionally use around 30% of the world’s electricity, which is produced using fossil fuels. Such factors may create numerous opportunities among the key players for their revenue growth.  This aforementioned 30% could be reduced significantly if key players in this industry continue to create innovative thermochromic rooftop solutions, thereby creating greater opportunities for further market expansion.

    Competitive Landscape:

    Thermochromic Roof Market Company Share

    The global thermochromic roof market is relatively competitive, with the presence of a moderate number of local and global manufacturers such as

    • BEMO SYSTEMS GmbH
    • Cross Timbers Roofing
    • Custom Solar Panels
    • JB Commercial Roofing
    • Storm
    • Works Roofing Company
    • Guy Roofing
    • Premsafe
    • Coverclad Services Ltd, etc.

    Key Development:

    • The BEMO standing seam system roofing of the Garagum Hotel & Business Center is making excellent progress due to its outstanding design.

    For the Thermochromic Roof Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Thermochromic Roof Market
    Thermochromic Roof Market
    Published date: May 2023
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    • BEMO SYSTEMS GmbH
    • Cross Timbers Roofing
    • Custom Solar Panels
    • JB Commercial Roofing
    • Storm
    • Works Roofing Company
    • Guy Roofing
    • Premsafe
    • Coverclad Services Ltd, etc.
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