Green Roof Global Market Report 2024

The global green roof market has grown rapidly in recent years. It will grow from $1.8 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. Historical growth can be attributed to increased environmental awareness, supportive regulatory frameworks, trends in urbanization, the establishment of building codes and standards, and heightened concerns regarding energy efficiency.

The global green roof market is expected to see rapid growth in the next few years. It will grow to $3.9 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The anticipated growth in the forecast period stems from efforts towards climate change mitigation, the implementation of urban planning policies, the rise in energy costs, the influence of health and wellness trends, and the alignment with global sustainability goals. Major trends expected during this period encompass technological advancements that aid sustainability initiatives focused on biodiversity and habitat creation, emphasis on energy efficiency and improved insulation, increased collaboration within the industry, and the implementation of government incentives and regulations to promote sustainability measures.

The surge in industrial, commercial, and residential building construction is anticipated to drive the green roof market's growth trajectory. These construction activities encompass the design, development, and creation of various structures utilizing construction materials. Increased building construction can elevate heat generation and air pollution, issues that can be mitigated by installing green roofs. Notably, in June 2021, Canada's national statistical agency reported a significant surge in building construction investment, rising from $14,294 million in April 2019 to $19,273 million in 2020. Similarly, the 2022 U.S. Construction Cost Trends report highlights a surge in residential construction, further fueling demand for materials and labor, leading to heightened competition and cost pressures. Total construction spending in the U.S. has surged by 16% since the onset of the pandemic, indicating a strong impetus for the green roof market due to escalating infrastructure demands.

The escalating demand for green buildings is set to propel the growth of the green roof market. Green building practices involve ecologically responsible and resource-efficient procedures, encompassing the entire lifecycle of structures. Green roofs play a pivotal role in creating green buildings, thus experiencing increased demand. An April 2022 report by CBRE India showcased a 37% increase in green-certified buildings, adding 78 million square feet of certified stock over five years. This uptick underscores the burgeoning preference for green buildings, consequently amplifying the demand for green roofs in the market.

The emergence of innovative and intelligent green roof solutions represents a burgeoning trend within the market. Key market players are channeling efforts into developing pioneering green roof systems to fortify their market positioning. An exemplar is the Detention Roof launched by Knauf Insulation and Sempergreen BV in July 2020. Rigorously tested, this innovative green roof concept stores excess rainfall during heavy downpours, thereby delaying water outflow and complying with stringent water policies.

Strategic acquisitions are becoming a focal point for companies in the green roof market, enhancing financial strength, augmenting product portfolios, and expanding geographical presence. A case in point is Novotegra GmbH's acquisition of PV Integ in April 2021. Novotegra, a Germany-based subsidiary of BayWa r.e., acquired PV Integ, a Switzerland-based company specializing in mounting systems for green and gravel-topped roofs. The acquisition bolstered Novotegra's European market presence, offering customers an expanded range of products, including mounting systems predominantly made from recycled plastic, aligning with Novotegra's commitment to sustainability.

In September 2022, SOPREMA USA, a leading US-based manufacturer specializing in commercial roofing, waterproofing, and civil engineering solutions, completed the acquisition of Furbish for an undisclosed sum. This strategic move is integral to SOPREMA's overarching strategy aimed at broadening its footprint within the sustainable solutions market. The acquisition of Furbish, a reputable US-based sustainable development company, marks a significant step in SOPREMA's initiative to bolster its SOPRANATURE portfolio, particularly in the domain of green roof solutions. Furbish excels in deploying and maintaining green roofs, living walls, stormwater management systems, and other innovative green technologies that enhance the performance of buildings.

Major companies operating in the green roof market report are Sika AG, ArchiGreen Roof Ltd., Axter Ltd., Barrett Company LLC, Columbia Green Technologies, Bauder Flat Roofs Limited, Optigreen International AG, Green Roof Blocks LLC, Sempergreen BV, XeroFlor North America LLC, ZinCo GmbH, Soprema SAS, Onduline Group, Geo Green Power Limited, Q-BOT Ltd., Open Utility Ltd., Sunvigo GmbH, Dow Chemicals International Private Limited, Plant-e BV, ICAX Ltd., Bürgerwerke eG, Alchemy Geopolymer Solutions, Optigrun International, Green Roof Outfitters, Tremco Inc., Bioroof Systems Inc., Vitaroofs, Tajima Industries Ltd., Liveroof LLC, Roofing Superstore Inc., Eco Green Roofs Ltd., Christian Mahlstedt BA.

Europe was the largest region in the green roof market share in 2023. The regions covered in the green roof market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the green roof market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two primary types of green roofs are extensive and intensive. Extensive green roofs serve as eco-friendly substitutes for conventional surface protections, featuring a shallow layer (around 20 mm) of substrate or soil. These roofs are distributed through both online and offline channels, finding application across residential, commercial, and industrial settings.

This report provides green roofs market statistics, including green roofs industry global market size, regional shares, competitors with a green roofs market share, detailed green roofs market segments, market trends and opportunities, and any further data you may need to thrive in the green roofs industry. This green roof market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The green roof market consists of sales of semi-intensive green roofs and waterproof roofs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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