The global cool roof coating market is expected to reach a market size of USD 6.71 Billion at a steady CAGR of 7.7% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to rising government initiatives to support green building installation, a shift in consumer preference for long-lasting color coatings, rising energy consumption, and rising global warming, all of which has boosted the market\’s adoption of cool roof coatings. This trend is expected to continue during the forecast period.
Cool roof coatings include reflecting tiles, sheet coverings, and protective coatings that allow roofs to stay cooler, lowering building temperatures. Roofs are painted by white coatings or specific reflective pigments that reflect sunlight and protect surfaces from Ultraviolet (UV) rays, water corrosion, and chemical damage. Rising demand for energy savings and favorable government regulations regarding tax incentives, stimulate the need for green construction materials.
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The global Cool Roof Coating market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Cool Roof Coating market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Cool Roof Coating market.
Emergen Research has segmented the global cool roof coating market on basis of technology, application, product, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Water Based
- Solvent Based
Application Outlook (Revenue, USD Billion; 2018–2028)
- Low-sloped
- Steep-sloped
- Others
Product Outlook (Revenue, USD Billion; 2018–2028)
- IR Reflective/Colored
- Elastomeric/White
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Residential
- Commercial
- Industrial
- Healthcare
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Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
- Dow Chemical Company
- Sika Sarnafil
- Nutech Paints
- KST Coatings
- Nippon Paints Holdings Co. Ltd.
- Wacker Chemie AG
- PPG Industries Inc.
- Monarch Industries
- Sherwin-Williams
- GAF Materials
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Cool Roof Coating Report:
- In April 2021, the Dow Chemical Company Ltd., world\’s premier materials science firm introduced VORASURF Silicone Surfactants, which are low cyclic and low volatile to help its customers handle expanding market interest in lightweight flexible foams.
- Formulators are searching for more innovative cell control solutions that offer lightweight, low emissions, and high comfort memory and traditional foams as a result of online mattress-in-a-box buying experience, which offers more customizable items delivered straight to their homes.
- In April 2020, Sika Sarnafil, leading supplier of innovative adhesive and sealant solutions for automotive and commercial vehicles, introduced SikaTack ELITE and Sikaflex 268 PowerCure are two new revolutionary adhesive technologies for automobile glass repair applications.
- This unique solution was created to combine benefits of a two-component system with the simplicity and ease of use of a one-component product.
- Water based segment accounted for largest revenue share in the cool roof coating market in 2020. Increasing number of contractors, specifies, and end-users need to fully comprehend performance requirements of systems as well as different technical, manufacturing, and installation difficulties that either ensure or compromise required performance.
- Market revenue growth rate for low-sloped roofs is expected to accelerate substantially. Increased penetration of low-sloped roofing systems has resulted from increased awareness of necessity of green building construction, as well as strict rules regarding roofing materials for industrial and commercial structures.
- Elastomeric coating business segment’s dominant market position can be due to its compatibility with practically all types of roof constructions
- North America accounted for largest revenue share contribution to the global cool roof coating market in 2020. Rising concern regarding awareness of energy consumption and growing need of green building construction increases demand of cool roof coating market in the region.
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