Cool Roof Coatings Market- by Roof slope (Steep slopped, Low slopped), by Product type (IR reflective, Elastomeric), by Application (Industrial, Residential, Commercial) - Global Industry Perspective Comprehensive Analysis and Forecast, 2020 - 2026

According to the report, global demand for Cool Roof Coatings market was valued at approximately USD 3.89 billion in 2019, and is expected to generate revenue of around USD 6.2 billion by end of 2026, growing at a CAGR of around 6.9 % between 2020 and 2026.

16-Sep-2020 | Number of pages: 110 | Report Code: ZMR-4172 | Report Format : | Status : Published

Abstract

According to the report, global demand for Cool Roof Coatings market was valued at approximately USD 3.89 billion in 2019, and is expected to generate revenue of around USD 6.2 billion by end of 2026, growing at a CAGR of around 6.9 % between 2020 and 2026.

Global Cool Roof Coatings Market: Overview

Cool roof coatings enhance the efficiency of roof items by adding value to the novel constructions along with securing as well as maintaining the building safety codes & protocols, technical features, and typologies.  The product is a blend of inorganic as well as organic chemistry and it imparts longevity to the buildings.

Global Cool Roof Coatings Market: Growth Factors

Escalating need for energy conservation along with acceptance of green construction codes by various governments will embellish the expansion of cool roof coatings market in the foreseeable future. Apart from this, growing environmental damage as a result of carbon emissions in stratosphere and need to enhance the power efficiency has resulted in consumer’s tilt toward cool roof coatings. In addition, cool coat systems are identified as an effective means of reducing power usage in countries with hot mercurial temperatures across the globe. This factor will lead to proliferation in the cool roof coatings industry growth.

With substantial decrease in air conditioner prices, the product is becoming popular and preferential among the customers. Nonetheless, massive incurrence of costs due to the utility of cool roof coating technologies will restrain the business scope.

Global Cool Roof Coatings Market: Segmentation

The cool roof coatings market can be segregated into product type, roof slope, and application. Product type wise, the industry is sectored into IR reflective and elastomeric. Based on the roof slope, the cool roof coatings market is classified into steep slopped and low slopped. Application wise, the industry is segmented into industrial, residential, and commercial applications.

Global Cool Roof Coatings Market: Regional Analysis

Region wise, the cool roof coatings market is sectored into five main regions: Latin America, North America, Europe, the Middle East and Africa and Asia Pacific. North America is slated to dominate the overall market growth over the estimated timeline. The growth can be attributed to implementation of suitable building codes and favorable legislations pertaining to power preservation in the countries such as Canada and the U.S.

European region is likely to follow North America in terms of growth, subject to massive consciousness pertaining to green buildings along with introduction of programs such as leadership in energy and environmental design in the European countries.

Asia Pacific market is anticipated to accrue rigorous gains over the assessment period, owing to the strong infrastructural development coupled with rising consciousness about green construction codes in Southeast Asian nations as well as China, Japan, and India. At present, the product demand is gaining momentum across residences like villas, paint houses, and housing bodies.

Latin American market is likely to offer lucrative growth opportunities for the product manufacture within the span of few years.

Global Cool Roof Coatings Market: Competitive Players

Few of the main participants in cool roof coatings market are Nutech Paint, DowDuPont, PPG Industries Inc., Sika Sarnafil, Huntsman International LLC, Nippon Paint (M) SDN.BHD, KST Coatings, Akzo Nobel N.V., Excel Coatings., BASF SE, GAF Materials Corporation, Monarch Industries, and The Valspar Corporation.

Global Cool Roof Coatings Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

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