The Global Cool Roof Coating market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Cool Roof Coating market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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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Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Cool Roof Coating market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Major companies in the market report include The Dow Chemical Company, Sika Sarnafil, Nutech Paints, KST Coatings, Nippon Paints Holdings Co. Ltd., Wacker Chemie AG, PPG Industries, Inc., Monarch Industries, Sherwin-Williams, and GAF Materials
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- 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)
Key point summary of the report:
- The report offers a comprehensive overview of the Cool roof coatings market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional analysis and forecast of Cool roof coatings market for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- North America accounted for largest revenue share contribution to the global cool roof coating market in 2020.
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
Key Points of Cool Roof Coating Market:
- 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.
- 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.
- 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.
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