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 report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,
Some Key Highlights
- 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.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Healthcare Business Intelligence industry are:
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
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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
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2021 – 2028 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
Major Regions Covered in the Cool Roof Coating Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Reasons to Buy This Report:
- The report presents a thorough examination of the Cool Roof Coating market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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