The global cool roof coatings market size is expected to reach USD 5.48 Billion by 2030, according to a new study by Polaris Market Research. The report “Cool Roof Coatings Market Share, Size, Trends, Industry Analysis Report, By Product (Elastomeric, IR Reflective); By Application (Low-sloped, Steep-sloped); By End-Use (Residential, Commercial, Industrial); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cool roof coatings help to save energy by reducing the quantity of solar radiation received by the roof. This, in turn, minimizes the requirement for HVAC systems to keep the facility at a comfortable temperature. This also results in considerable cost savings in electricity expenditure and improves user convenience. The growing consumer preference for interior comfort via energy-saving solutions is likely to be the primary industry driver boosting market growth.
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Increasing investments in research & development and technology advancement in order to provide low-cost coating solutions is expected to boost industry demand. Furthermore, increasing government regulations regarding implementing green building codes in residential and commercial buildings are anticipated to propel industry demand for cool rood coating during the projected period.
Low-sloped segment will likely hold major shares in the global industry throughout the projected timeframe due to cheaper implementation costs and the need for fewer build-up components than steep-sloped. Low-sloped adds value to a structure by shielding it from UV radiation and excessive rainfall. As a result, infrastructure maintenance expenditures are reduced.
North America is anticipated to hold the dominant position in the global market over the forecast period due to increasing demand for commercial and residential buildings along with favorable government regulations. Asia Pacific is expected to grow at the fastest pace over the forecast period due to rapid infrastructure development in emerging nations such as India and China.
Market players include 3M, AnCatt, Akzo Nobel, DowDupont, Excel Coatings, GAF Materials Corporation, Kansai Paints Co. Ltd., Monarch Industries, Inc., BASF SE, National Coatings Corporation, Nutech Paints, Nippon Paints, PPG Industries Inc., Sherwin Williams, Protexion LLP, Shouguang Fengyuan Commercial Co., Ltd., The Valspar Corporation, Sika Sarnafil, and Weifang Hongxin Waterproof Material Co., Ltd.
Polaris market research has segmented the cool roof coatings market report based on product, roof type, end-use and region:
Cool Roof Coatings, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- IR Reflective
Cool Roof Coatings, Roof Type Outlook (Revenue – USD Billion, 2018 – 2030)
Cool Roof Coatings, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
Cool Roof Coatings, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa