Cool Roof Coatings Market – Snapshot 

Cool roof coatings technology is a system that optimizes the performance of cool roof products by adding new value to existing buildings or new built ones, safeguarding at the same time all the building standards, typologies, and technical properties adopted in different climatic zones by technicians of countries across the globe.

Cool roof coatings are a combination of organic and inorganic chemistry, which reflects, scatters, or absorbs radiation. These coatings provide a simple solution to increase building endurance and save cost for building owners. Cool roof coatings lower interior temperature by 6°C to 10°C and roof surface temperature by up to 60°C.

cool roof coatings market

Based on roof slope, the global cool roof coatings market has been bifurcated into low-sloped and steep-sloped. Low-sloped is the dominant segment of the cool roof coatings market. It is anticipated to expand at a rapid pace during the forecast period due to its advantages such as low initial installation cost and less build-up material than the steep-sloped process.

In terms of application, the global cool roof coatings market has been segmented into residential, commercial, and industrial. The industrial segment accounted for the leading share of the global cool roof coatings market in 2017. The segment is estimated to expand rapidly during the forecast period due to the increase in usage in malls, warehouses, and IT parks.

Based on type, the global cool roof coatings market has been segregated into elastomeric and IR reflective. Elastomeric is the dominant segment of the market, as it offers advantages over IR reflective coatings. For instance, it helps extend the life of the existing roof it covers, maintain roof flexibility in hot and low temperatures, and preserve roof surface from deteriorating effects of the sun’s heat.

Based on region, the cool roof coatings market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of value and volume, North America was the leading region of the global cool roof coatings market in 2017.  The Cool Roof Rating Council was formed in 1998 in the U.S. It has implemented its regulations in the region. Following this, the European Union established the European Cool Roof Council in 2011 to help reduce carbon footprints. Increase in awareness about building energy consumption and implementation of Leadership in Energy and Environmental Design initiative are estimated to drive the market in Europe in the near future.

Asia Pacific is projected to be a rapidly growing region of the global market, led by the rise in acceptance of green building codes in the region. Increase in construction spending and implementation of green building codes in developing countries in the region is expected to boost the cool roof coatings market during the forecast period. Demand for cool roof coatings in Asia Pacific is anticipated to rise due to the increase in usage of these coatings in residential applications such as housing units and villas. Demand for cool roof coatings is estimated to increase significantly in Middle East & Africa and Latin America in the near future. These regions accounted for small share of the global cool roof coatings market in terms of demand in 2017. However, they are projected to create lucrative opportunities for manufacturers of cool roof coatings in the next few years.

Key players operating in the global cool roof coatings market include DowDuPont, Nutech Paint, Huntsman International LLC, Nippon Paint (M) SDN.BHD, Akzo Nobel N.V., BASF SE, Sika AG, GAF Materials Corporation, PPG Industries Inc., and The Valspar Corporation.

Cool Roof Coatings Market - Overview 

Cool roof coatings consist of a binder blended with pigments and other additives that reflect the sun’s energy. These coatings can provide various benefits such as protection of roof surfaces, waterproofing, longer roof service life, and decrease in air conditioning costs.

Cool roof coatings can be highly durable. Cost benefit analysis indicates that cool roof coatings are an attractive investment. These coatings are beneficial for the environment and human health. The use of cool roof coatings on roof surfaces is a simple solution for increasing building endurance and saving money for building owners.

Based on roof slope, the global cool roof coatings market has been bifurcated into low-sloped and steep-sloped. Low-sloped is the dominant segment of the cool roof coatings market due to its advantages over steep-sloped roof. For instance, it require low initial installation cost and less buildup materials. In terms of application, the global cool roof coatings market has been segmented into residential, commercial, and industrial. The industrial segment accounted for the leading share of the global cool roof coatings market in 2017. Based on type, the global cool roof coatings market has been divided into elastomeric and IR reflective. Elastomeric was the dominant segment of the market in 2017 due to its advantages over IR reflective coatings. For instance, it helps extend the life of the existing roof it covers, maintain roof flexibility in hot and low temperatures, and preserve roof surface from deteriorating effects of the sun’s heat. In terms of value and volume, North America was the prominent region of the global cool roof coatings market in 2017. Demand for cool roof coatings in North America is anticipated to rise during forecast period, due to the increase in usage of these coatings in residential applications such as housing units and villas.

The report analyzes and forecasts the cool roof coatings market at the global and regional levels. The market has been projected in terms of volume (million liters) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global cool roof coatings market. It also covers the expected impact of these drivers and restraints on the demand for cool roof coatings during the forecast period. The report also highlights growth opportunities for the cool roof coatings market at the global and regional levels. 

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global cool roof coatings market. Porter’s Five Forces model for the cool roof coatings market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein roof slope, type, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness. 

The study provides a decisive view of the global cool roof coatings market by segmenting it based on roof slope, type, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for cool roof coatings in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual roof slope, type, and application segments of the market in all the regions. 

The study includes profiles of major companies operating in the global cool roof coatings market. The global market is dominated by large players. Key players functioning in the market include DowDuPont, Nutech Paint, Akzo Nobel N.V., BASF SE, and The Valspar Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated market size (in terms of value and volume) of the global cool roof coatings market for the base year 2017 and forecast for the period from 2018 to 2026. The market size and forecast for each roof slope, type, and application segment have been provided for the global and regional markets. 

Global Cool Roof Coatings Market, by Roof Slope

  • Low-sloped
  • Steep-sloped

Global Cool Roof Coatings Market, by Type

  • Elastomeric
  • IR Reflective

Global Cool Roof Coatings Market, by Application

  • Residential
  • Commercial
  • Industrial

Global Cool Roof Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • Extensive analysis of market trends from 2017 to 2026 to identify opportunities and market developments
  • Analysis of products and applications wherein cool roof coatings are used
  • Identification of key factors responsible for building a roadmap for upcoming opportunities for the cool roof coatings market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global cool roof coatings market between 2018 and 2026
  • Detailed competition landscape of key players operating in the market to understand competition level
  • Porters’ Five Forces analysis to highlight the power of buyers and suppliers in the market
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