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    Cool Roof Market

    ID: 7175
    107 Pages
    Research Team
    07/2025

    Cool Roof Market Research Report Information By Roof Type (Steep-Sloped Roof, Low-sloped Roof), By Product Type (Coated Roofs, Foam Roofs, Single-Ply Membrane, Modified Bur, Metal Roofs, Asphalt Shingles, Tiles, Slates), By Application (Residential, Commercial, Industrial) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    Market Summary

    Global Cool Roof Market Overview

    The cool Roof Market Size was valued at USD 22.53 billion in 2023. The Cool Roof industry is projected to grow from USD 24.29 Billion in 2024 to USD 41.09 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.79% during the forecast period (2024 - 2032). Increased As in many countries, the main motive is to preserve energy because, in warming, these countries are focusing on energy-saving systems are the key market drivers enhancing the market growth.                            Cool Roof Market SizeSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Cool Roof Market Trends

      • The rising population and increase in warming are driving the market growth.

    The increasing population and warming concerns drive the demand for energy-efficient solutions, including cool roofs. Cool roofs can absorb less sun heat than traditional roofs, making them environmentally friendly. They offer several advantages such as reducing urban heat island effect, lowering peak energy demand, and reducing power plant emissions. By preventing power failures and decreasing pollution from power plants, cool roofs contribute to a more sustainable and resilient environment. These benefits are anticipated to propel market growth in the coming years. This drives the market CAGR.

    Additionally, cool roofs are useful in the agricultural sector because they retain sunlight while emitting no heat, preserving the crops' nutritional richness. As a result, in the roofing industry, cool roofing solutions are gradually overtaking traditional roofing systems. Moreover, The raw material costs for cool roofs are extremely high, and the market is further limited by the high expense of maintenance and repair required to maintain its longevity. Furthermore, many building companies and builders have avoided implementing cool roof solutions in recent years because of the associated high costs. As a result, the manufacturer's capacity to supply low-cost roofing materials limits the market growth during the forecast period. Due to the growing population and concerns about warming, many countries are prioritizing energy conservation efforts. As a result, there is a rising demand for reflective materials such as roofs and coatings, which offer energy-saving benefits. This shift towards reflective materials aims to reduce reliance on air conditioning systems and promote more sustainable cooling solutions. By harnessing the reflective properties of these materials, buildings can effectively reduce heat absorption from the sun and decrease the need for excessive cooling. This focus on energy-efficient solutions aligns intending to preserve energy resources and mitigate the impact of climate change. Also, the government provides great awareness about the benefit of using long-lasting coating, roofing, and cost-effectiveness.With the increase in awareness and interest in pollution and  warming, people are focusing on the newly developed technology called green building, which is eco-friendly and cost-effective. This is the main driving force for developing the cool roof market share. Thus, driving the Cool Roof market revenue.

    Cool Roof Market Segment Insights

      • Cool Roof Type Insights

    Based on roof type, the  Cool Roof market segmentation includes steep and low-sloped roofs. The steep-sloped roof segment dominated the market. The steep-sloped roof segment holds a dominant position in the cool roof market. This is primarily driven by the widespread adoption of cool roof solutions in residential buildings, where homeowners prioritize energy efficiency and cost reduction. With their inclined structure, steep-sloped roofs facilitate improved airflow and ventilation, leading to effective heat dissipation and reduced cooling requirements. Furthermore, the visibility and accessibility of steep-sloped roofs make it convenient for homeowners to implement cool roof technologies.

    Figure1: Cool Roof Market, by Roof Type, 2023 & 2032 (USD billion)                            Cool Roof Market, by Roof Type, 2022 & 2032

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Cool Roof Product Type Insights

    Based on product type, the Cool Roof market segmentation includes Coated Roofs, Foam Roofs, Single-Ply Membranes, Modified Bur, Metal Roofs, Asphalt Shingles, Tiles, and Slates. The coated roofs segment holds a dominant position in the cool roof market. This is primarily driven by coated roofs' superior heat reflectivity and insulation properties compared to other cool roof types. Applying a specialized coating helps reflect significant solar radiation, minimizing heat absorption and maintaining a cooler building environment.Furthermore, the versatility of coated roofs enables their application on various roofing materials, facilitating easy installation and retrofitting. Coated roofs often come with extended warranties and long-lasting durability, ensuring reliable protection and performance.

    Cool Roof Product Application Insights

    Based on application, the Cool Roof market segmentation includes residential, commercial, and industrial. The commercial segment holds a dominant position in the cool roof market. Commercial buildings, including offices, shopping malls, and hotels, typically have larger roof areas than residential structures, providing ample opportunities to implement cool roof solutions. Energy efficiency is a significant concern in commercial establishments due to higher cooling requirements and energy consumption.

    Cool Roof Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific Cool Roof Marketarea will dominate this market, owing to high growth in construction spending and increasing consumer disposable income in this Region.Moreover, China’s Cool Roof market held the largest market share, and the Indian Cool Roof market was the fastest-growing market in the Asia-Pacific region.

    Further, the major countries studiedin the market reportare The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure2: COOL ROOF  MARKET SHARE BY REGION 2023 (%)                          COOL ROOF  MARKET SHARE BY REGION

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Europe's Cool Roof market accounts for the second-largest market share due to theincreasing adoption of the products to maintain indoor temperatures in this Region. European countries, theCool Roof marketin Germany had the highest market share, indicating its dominance in the region. On the other hand, the Cool Roof market in the UK demonstrated the highest growth rate, showcasing its rapid expansion compared to other European region

    The North American cool roof market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing demand for the expansion of floor space in various industries has led to a growth in new construction and renovation projects, thereby driving the product demand.

    Cool Roof Key Market Players& Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Cool Roof market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Cool Roof products industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Cool Roof industry to benefit clients and increase the market sector. In recent years, the Cool Roof industry has offered some of the most significant advantages to medicine. Major players in the Cool Roof market, includingOwens Corning (US), GAF Materials Corporation (US), Certain Teed Corporation (US), IKO Industries Ltd. (Canada), Tamko Building Products, Inc. (US), Henry Company (US), ATAS International Inc. (US), PABCO Building Products, LLC. (US), Malarkey Roofing (US) and Polyglass S.p.A (Italy)., and others are attempting to increase market demand by investing in research and development operations.

    Owens Corning, a leading American company specializing in insulation, roofing, and fiberglass composites, has recently acquired WearDeck, a reputable composite decking and structural lumber manufacturer based in Ocala, Florida. This strategic acquisition enables Owens Corning to enhance its composites business and refocus on delivering high-value material solutions specifically tailored for the building and construction industry. By integrating WearDeck's innovative solutions into its portfolio, Owens Corning strengthens its position as the world's largest manufacturer of fiberglass composites, offering a wider range of quality products to meet the market's evolving needs.

    It is the world's largest manufacturer of fiberglass composites. Owens Corning and PGT Innovations: Owens Corning, a leader in insulation, roofing, and fiberglass composites, collaborated with PGT Innovations, a leading manufacturer of impact-resistant windows and doors. The partnership aimed to develop and promote energy-efficient solutions for residential and commercial buildings, including cool roofing systems combined with impact-resistant windows and doors.

    Key Companies In The Cool Roof Market Include

    Cool Roof Industry Developments

    September 2020: Owens Corning and PGT Innovations: Owens Corning, a  leader in insulation, roofing, and fiberglass composites, collaborated with PGT Innovations, a leading manufacturer of impact-resistant windows and doors. The partnership aimed to develop and promote energy-efficient solutions for residential and commercial buildings, including cool roofing systems combined with impact-resistant windows and doors.

    June 2022: Owens Corning acquired WearDeck at Ocala, Florida- a quality composite decking and structural lumber manufacturer. WearDeck solutions will allow Owens Corning to reposition its composites business to focus on high-value material solutions in the building and construction industry.

    Cool Roof  Market Segmentation

    Cool Roof Type Outlook

      • Steep-Sloped Roof
      • Low-sloped Roof

    Cool Roof Product Type Outlook

      • Coated Roofs
      • Foam Roofs
      • Single-Ply Membrane
      • Modified Bur
      • Metal Roofs
      • Asphalt Shingles
      • Tiles
      • Slates

    Cool Roof Application Outlook

      • Residential
      • Commercial
      • Industrial

    Cool Roof Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2023 USD 22.53 billion
    Market Size 2024 USD 24.29 billion
    Market Size 2032 USD 41.09 billion
    Compound Annual Growth Rate (CAGR) 6.79%(2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered RoofType, Product Type, Applicationand Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Owens Corning from the United States, GAF Materials Corporation from the United States, Certain Teed Corporation from the United States, IKO Industries Ltd. from Canada, Tamko Building Products, Inc. from the United States, Henry Company from the United States, ATAS International Inc. from the United States, PABCO Building Products, LLC. from the United States, Malarkey Roofing from the United States, and Polyglass S.p.A from Italy.
    Key Market Opportunities The rapid pace of urbanization and a remarkable expansion in the construction industry have created a surge in demand for innovative and sustainable building materials. There is an increasing emphasis on incorporating green construction materials to promote environmental sustainability.
    Key Market Dynamics Augmented energy demand Appropriate cost in the construction of commercial and residential sectors identical

    Major Players

    Cool Roof Type Outlook (USD Billion, 2018-2032)

    • Steep-Sloped Roof

    • Low-sloped Roof

    Cool Roof Product Type Outlook (USD Billion, 2018-2032)

    • Coated Roofs

    • Foam Roofs

    • Single-Ply Membrane

    • Modified Bur

    • Metal Roofs

    • Asphalt Shingles

    • Tiles

    • Slates

    Cool Roof Application Outlook (USD Billion, 2018-2032)

    • Residential

    • Commercial

    • Industrial

    Cool Roof Regional Outlook (USD Billion, 2018-2032)

    • North AmericaOutlook (USD Billion, 2018-2032)

      • North America Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • North America Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • North America Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • USOutlook (USD Billion, 2018-2032)

      • US Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • US Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • US Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • CANADAOutlook (USD Billion, 2018-2032)

      • CANADA Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • CANADA Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • CANADA Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Europe Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • GermanyOutlook (USD Billion, 2018-2032)

      • Germany Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Germany Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Germany Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • France Outlook (USD Billion, 2018-2032)

      • France Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • France Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • France Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • UK Outlook (USD Billion, 2018-2032)

      • UK Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • UK Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • UK Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • ITALY Outlook (USD Billion, 2018-2032)

      • ITALY Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • ITALY Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • ITALY Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • SPAINOutlook (USD Billion, 2018-2032)

      • Spain Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Spain Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Spain Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • REST OF EUROPE Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • REST OF EUROPE Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Asia-Pacific Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Asia-Pacific Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • China Outlook (USD Billion, 2018-2032)

      • China Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • China Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • China Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • JapanOutlook (USD Billion, 2018-2032)

      • Japan Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Japan Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Japan Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • India Outlook (USD Billion, 2018-2032)

      • India Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • India Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • India Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • AustraliaOutlook (USD Billion, 2018-2032)

      • Australia Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Australia Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Australia Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • Rest of Asia-PacificOutlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Rest of Asia-Pacific Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Rest of Asia-Pacific Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

    • Rest of the WorldOutlook (USD Billion, 2018-2032)

      • Rest of the World Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Rest of the World Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Rest of the World Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • Middle EastOutlook (USD Billion, 2018-2032)

      • Middle East Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Middle East Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Middle East Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Africa Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Africa Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Cool Roof by Type

        • Steep-Sloped Roof

        • Low-sloped Roof

      • Latin America Cool Roof by Product Type

        • Coated Roofs

        • Foam Roofs

        • Single-Ply Membrane

        • Modified Bur

        • Metal Roofs

        • Asphalt Shingles

        • Tiles

        • Slates

      • Latin America Cool Roof by Application

    • Residential

    • Commercial

    • Industrial

    Market Trends

    Global Cool Roof Market Overview

    The cool Roof Market Size was valued at USD 22.53 billion in 2023. The Cool Roof industry is projected to grow from USD 24.29 Billion in 2024 to USD 41.09 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.79% during the forecast period (2024 - 2032). Increased As in many countries, the main motive is to preserve energy because, in warming, these countries are focusing on energy-saving systems are the key market drivers enhancing the market growth.                            Cool Roof Market SizeSource: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Cool Roof Market Trends

      • The rising population and increase in warming are driving the market growth.

    The increasing population and warming concerns drive the demand for energy-efficient solutions, including cool roofs. Cool roofs can absorb less sun heat than traditional roofs, making them environmentally friendly. They offer several advantages such as reducing urban heat island effect, lowering peak energy demand, and reducing power plant emissions. By preventing power failures and decreasing pollution from power plants, cool roofs contribute to a more sustainable and resilient environment. These benefits are anticipated to...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Cool Roof Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Cool Roof Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 22.53 billion
    Market Size 2024 USD 24.29 billion
    Market Size 2032 USD 41.09 billion
    Compound Annual Growth Rate (CAGR) 6.79%(2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered RoofType, Product Type, Applicationand Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Owens Corning from the United States, GAF Materials Corporation from the United States, Certain Teed Corporation from the United States, IKO Industries Ltd. from Canada, Tamko Building Products, Inc. from the United States, Henry Company from the United States, ATAS International Inc. from the United States, PABCO Building Products, LLC. from the United States, Malarkey Roofing from the United States, and Polyglass S.p.A from Italy.
    Key Market Opportunities The rapid pace of urbanization and a remarkable expansion in the construction industry have created a surge in demand for innovative and sustainable building materials. There is an increasing emphasis on incorporating green construction materials to promote environmental sustainability.
    Key Market Dynamics Augmented energy demand Appropriate cost in the construction of commercial and residential sectors identical

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    At what CAGR is the global cool roof market projected to grow in the forecast period (2019-2025)?

    Global cool roof market is projected to grow at approximately 5.9 % CAGR during the assessment period (2019-2025).

    What was the value of the global cool roof market in 2018?

    Global cool roof market had created a valuation of around USD 18.6 BN in 2018.

    Which are the major segments in the global cool roof market?

    Based on material type, the low-sloped roof segment, based on product type, single-ply membrane segment, and based on application, the residential cool roof segment holds majority shares in the global cool roof market.

    Which region holds the largest share in the global cool roof market?

    Asia Pacific holds the largest share in the global cool roof market, followed by North America and Europe, respectively.

    Who are the top players in the global cool roof market?

    GAF Materials Corporation (US), Polyglass S.p.A (Italy), Owens Corning (US), PABCO Building Products, LLC. (US), IKO Industries Ltd.(Canada), Malarkey Roofing (US), Henry Company (US), Certain Teed Corporation (US), ATAS International Inc. (US), and Tamko Building Products, Inc. (US), are some of the top players operating in the global cool roof market.

    Cool Roof Type Outlook (USD Billion, 2018-2032)

    • Steep-Sloped Roof
    • Low-sloped Roof

    Cool Roof Product Type Outlook (USD Billion, 2018-2032)

    • Coated Roofs
    • Foam Roofs
    • Single-Ply Membrane
    • Modified Bur
    • Metal Roofs
    • Asphalt Shingles
    • Tiles
    • Slates

    Cool Roof Application Outlook (USD Billion, 2018-2032)

    • Residential
    • Commercial
    • Industrial

    Cool Roof Regional Outlook (USD Billion, 2018-2032)

    • North AmericaOutlook (USD Billion, 2018-2032)

      • North America Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • North America Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • North America Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • USOutlook (USD Billion, 2018-2032)

      • US Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • US Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • US Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • CANADAOutlook (USD Billion, 2018-2032)

      • CANADA Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • CANADA Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • CANADA Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Europe Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates

      • GermanyOutlook (USD Billion, 2018-2032)

      • Germany Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Germany Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Germany Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • France Outlook (USD Billion, 2018-2032)

      • France Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • France Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • France Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • UK Outlook (USD Billion, 2018-2032)

      • UK Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • UK Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • UK Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • ITALY Outlook (USD Billion, 2018-2032)

      • ITALY Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • ITALY Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • ITALY Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • SPAINOutlook (USD Billion, 2018-2032)

      • Spain Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Spain Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Spain Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • REST OF EUROPE Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • REST OF EUROPE Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Asia-Pacific Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Asia-Pacific Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • China Outlook (USD Billion, 2018-2032)

      • China Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • China Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • China Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • JapanOutlook (USD Billion, 2018-2032)

      • Japan Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Japan Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Japan Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • India Outlook (USD Billion, 2018-2032)

      • India Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • India Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • India Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • AustraliaOutlook (USD Billion, 2018-2032)

      • Australia Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Australia Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Australia Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • Rest of Asia-PacificOutlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Rest of Asia-Pacific Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Rest of Asia-Pacific Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

    • Rest of the WorldOutlook (USD Billion, 2018-2032)

      • Rest of the World Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Rest of the World Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Rest of the World Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • Middle EastOutlook (USD Billion, 2018-2032)

      • Middle East Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Middle East Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Middle East Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Africa Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates

      • Africa Cool Roof by Application

    • Residential
    • Commercial
    • Industrial

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Cool Roof by Type
        • Steep-Sloped Roof
        • Low-sloped Roof
      • Latin America Cool Roof by Product Type
        • Coated Roofs
        • Foam Roofs
        • Single-Ply Membrane
        • Modified Bur
        • Metal Roofs
        • Asphalt Shingles
        • Tiles
        • Slates
      • Latin America Cool Roof by Application
    • Residential
    • Commercial
    • Industrial

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