Global green roof market was valued at $ 2.2 billion in 2022 and is likely to reach $ 6.5 billion by 2032, registering a CAGR of 10.5% over the forecast period of 2023-2032.
A green roof, also known as a living roof or vegetated roof, refers to a roofing system that incorporates vegetation and growing medium on top of a building structure. It is designed to provide a layer of living plants that cover the roof surface, offering a range of environmental, aesthetic, and functional benefits. Green roofs typically consist of multiple layers, including a waterproofing membrane to protect the building from water infiltration, a root barrier to prevent plant roots from damaging the roof structure, a drainage layer to manage excess water, a filter fabric to prevent soil erosion, a lightweight growing medium or substrate to support plant growth, and a selection of appropriate vegetation.
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The green roof market has experienced significant growth and garnered increased attention in recent years due to its numerous environmental and economic benefits. The growing concern for environmental sustainability and the need to mitigate the negative impacts of urbanization is one of the key driver of the green roof market. Green roofs help address these challenges by offering solutions such as storm water management, energy efficiency, and urban heat island mitigation. By absorbing and retaining rainwater, green roofs reduce storm water runoff, alleviating pressure on urban drainage systems and minimizing the risk of flooding. They also act as natural insulators, reducing energy consumption for heating and cooling by providing an additional layer of insulation.
Furthermore, green roofs contribute to the improvement of air quality by capturing airborne pollutants and carbon dioxide while releasing oxygen. They enhance biodiversity in urban areas by creating habitat for birds, insects, and other wildlife. Additionally, green roofs provide aesthetic value, creating visually appealing and inviting spaces that promote well-being and enhance the overall quality of life in urban environments. The green roof market encompasses a wide range of stakeholders, including manufacturers, suppliers, contractors, architects, and urban planners. These stakeholders play a crucial role in driving innovation, developing new technologies, and promoting the adoption of green roofs in various sectors such as residential, commercial, and institutional buildings.
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