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The global Green Roof market is forecast to reach USD 3.79 Billion by 2027, according to a new report by Reports and Data. The green roof market is projected to increase dramatically over the forecast timeframe as a result of the rising global alert, which in turn stimulates demand for successful natural methods to mitigate rising ambient heat. The effectiveness of green roofing in reducing emissions of toxic greenhouse gases in the atmosphere generated by multiple sources is one of the main reasons for green roof significant growth during the forecast period. Increasing the development of industrial, commercial, and residential buildings is anticipated to accelerate the heat from the atmosphere, which in turn is supposed to propel green roof demand growth. Additionally, government encouragement to the green roof to mitigate global warming and release of hazardous greenhouse gasses will help expand the green roof market in the coming years. Another factor for success for the green roof sector is the job prospects for professional people who can effectively produce green roofing.
The lack of appropriate layout design and guidelines for installing living roofs is anticipated to pose a significant threat to the growth of this market. Additionally, unpleasant environmental conditions in regions such as the Middle East, such as intense temperatures, are likely to limit industry growth. Also, low-maintenance facilities are expected to continue posing a challenging market growth environment.
The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of requirements relating to raw materials are becoming a problem for producers. To rationalize production the producers depended on derived demand as an intermediate commodity. The economic impact of the pandemic on firms and financial markets is not favorable either. Share market uncertainty and increasing economic growth are expected, impacting the market. Over the weeks, the sector has undergone a slowdown, which will persist over the coming months. The Asia Pacific region was most affected by this pandemic, with China at the forefront of the epidemic. Most initiatives in multiple countries have changed to a temporary halt. Production and supply were put on hold, resulting in losses for manufacturers, dealers, and consumers.
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Key participants include ZinCo GmbH, Bauder Ltd., Green Roof Blocks, SOPREMA Group, XeroFlor, Bender GmbH & Co. KG, Green Roof Technology, Sempergreen, Axter Limited, and Optigreen International AG, among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Green Roof market on the basis of product, Distribution Channel, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report further explores the key business players along with their in-depth profiling, product portfolio, and strategic business decisions. The report has been formulated through extensive primary and secondary research and further validated by analysts, industry experts, and market professionals. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches, among others.
Regional analysis covers assessment of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue and gross margins, and presence of key players in the region. The report also offers insights about revenue growth, market size, market share, technological advancements, and presence of key players in each region.
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Regional Bifurcation of the Green Roof Market Includes:
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