Cool Roof Coating Market Research Report Including SWOT Analysis, PESTELE Analysis, Drivers, Restraints, Industry Outlook and Key Players Analysis By 2028

Cool Roof Coating Market

According to the most recent report by Emergen Research, the worldwide cool roof coating market is anticipated to reach a market value of USD 6.71 billion at a consistent CAGR of 7.7% in 2028. The market acceptance of cool roof coatings has been promoted by expanding government measures to support the installation of green buildings, a change in customer desire for long-lasting colour coatings, rising energy usage, and rising global warming. Throughout the projected period, this tendency is anticipated to persist.

Reflective tiles, sheet coverings, and protective coatings are examples of cool roof coatings that keep roofs cool and thus lower building temperatures. White paints or specific reflective pigments are used to paint roofs in order to reflect sunlight and shield surfaces from ultraviolet (UV) rays, water corrosion, and chemical deterioration. Green construction materials are in greater demand due to favourable government rules addressing tax incentives and rising energy efficiency demands.

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Some Key Highlights from the Report

The Dow Chemical Company Ltd., the leading materials science company in the world, introduced VORASURF Silicone Surfactants in April 2021 to help its customers address growing consumer demand for lightweight flexible foams. Because of the online mattress-in-a-box purchasing experience, which allows customers to customise their purchases and have them delivered right to their homes, formulators are looking for more cutting-edge cell control solutions that offer memory and traditional foams that are lightweight, low emission, and high comfort.

SikaTack ELITE and Sikaflex 268 PowerCure are two new cutting-edge adhesive technologies for automotive glass repair applications that were released in April 2020 by Sika Sarnafil, a major provider of innovative adhesive and sealant solutions for automobiles and commercial vehicles. To combine the advantages of a two-component system with the simplicity and use of a one-component product, an innovative approach was developed.

In terms of revenue, the water-based category dominated the cool roof coating market in 2020. There is a growing need for contractors, specifiers, and end users to fully understand system performance requirements as well as various technical, manufacturing, and installation challenges that either guarantee or degrade necessary performance.

Low-sloped roof market revenue growth is anticipated to pick up significantly. Due to increased awareness of the need for green building construction and tight regulations regulating the roofing materials for industrial and commercial projects, low-sloped roofing systems are now more prevalent.

The global dominance of the elastomeric coating industry segment may be attributed to its suitability for virtually all types of roof constructions.

In 2020, North America contributed the greatest revenue share to the market for cool roof coatings worldwide. The region’s demand for cool roof coatings is expanding as a result of increased energy awareness concerns and a growing requirement for green building construction.

The Dow Chemical Company, Sika Sarnafil, Nutech Paints, KST Coatings, and Nippon Paints Holdings Co. are significant market participants. Ltd., Monarch Industries, Sherwin-Williams, PPG Industries, Inc., Wacker Chemie AG, and GAF Materials

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
  • Regional Outlook (Revenue, USD Billion; 2018–2028)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. BENELUX
      5. Switzerland
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. India
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

Visit the following link to obtain market-leading solutions:@ https://www.emergenresearch.com/industry-report/cool-roof-coating-market

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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