Cool Roof Coating Market Dynamics and Analysis by 2031
The Cool Roof Coating Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Elastomeric, IR Reflector, and Others). The report is also segmented by Application (Residential, Commercial, Industrial). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Cool Roof Coating Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cool Roof Coating Market Segmentation
Type- Elastomeric
- IR Reflector
- Residential
- Commercial
- Industrial
Strategic Insights
Cool Roof Coating Market Growth Drivers- Introduction to Cool Roof Coatings: As the world’s temperatures continue to widen the gap, so is the need for energy saving construction materials. Cool roof coatings are able to bear the sunshine’s rays reducing the amount of heat that penetrates into the buildings and thereby reducing costs associated with cooling. These coatings help with energy conservation, but also helps deal with the air conditioning problems that people have, hence the coatings are highly preferred among the environmentally active consumers and companies.
- Urban Heat Island Effect: High temperatures in urban areas due to the urban heat island effect makes several cities to look for answers, hence assistance seekers have been found. High emissivity coatings or cool roof coatings have the capacity of lowering the surface temperatures of the cities and consequently improving the air quality of the cities. This emerging trend enhances their uptake as city planners and governments turn their attention to heat problems in the urban settings.
- Government Policies: The implementation of government policies and the provision of support systems that encourage sustainable practices are the fundamental forces of the cool roof coatings market. This has followed the pattern of other regions where building codes have been developed that either outlaw or promote the use of reflective roofing materials. Moreover, these advanced cool roofing technologies are also likely to be adopted due to their commercial benefits stimulated by such factors as tax credits and rebates provided to the owners of the buildings thereby increasing the development of such markets.
- Advancements in Roof Coating Technologies: The market for roof coating materials that improve energy performance is experiencing a variety of technological developments such as the emergence of more effective and harder materials. New trends are self-cleaning, and coatings with improved ability to reflect light. These advances create a competitive edge for the products by enhancing functionality and appealing to those who want a permanent and efficient solution.
- Rise of Sustainable Construction Trends: With the effects of global warming faring towards undeniable experiences, more and more people are becoming aware of the two concepts of energy efficiency and sustainability. This has seen both individual homeowners and business establishments looking for green alternatives, hence the increase in the consumption of cool roof coatings. This in turn is an indication of ongoing shifts in the trends of construction towards more sustainable solutions.
- Urbanization and Cool Roof Coatings: Newly developed economies are characterized with urbanization and industrialism occurring at the same time, hence boosting the use of cool roof coatings. Countries in Asia and Africa have a thermal comfort crisis and are now emphasizing on energy saving building strategies as the temperatures keep rising. Such a tendency gives so many chances to the manufacturers with intent to widen their scope emission to new markets.
- Untapped Potential in Cool Roofs: The cool roof coating market is witnessing a significant untapped potential stride due to rapid urban sprawl in the third world countries in particular. With the growth of cities, solutions for the energy-efficient construction of buildings become more demanded. It is also the reason why cool roof coatings are recommended for urban areas and in constructions and renovations due to urban heat island mitigation potential.
- Policy Support for Cool Roofs: Due to the rapid degeneration of the health of the environment, many countries are now integrating some policies and funding in the sectors such as construction, which aim at energy efficiency. This in line with the many policies that incorporate some form of temperature control via the cool roof technologies most government endorse even a mild version of a cool roofs saves it people permits. This kind of assistance not only promotes use but also helps in the growth of the market for the manufacturers and the suppliers of the cool roof coatings.
- Synergy of Cool Roofs and Solar: Another trend is that the use of energy generators like solar in conjunction with energy-sparing materials creates a great opportunity to the cool roof coating. As they can reduce roof temperatures and thus increase the efficiencies of solar installations, these coatings can enhance renewable energy approaches which is a big plus for the green market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cool Roof Coating Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cool Roof Coating Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Cool Roof Coating Market is estimated to witness a CAGR of 7% from 2023 to 2031
Growing demand for energy efficient building materials with rising global temperatures is driving the market growth
Integration with renewable energy solutions is one of the key opportunities for the market growth.
BASF SE, Akzo Nobel, DOW, Excel Coatings, GAF Materials Corporation, Nippon Paint Sdn Bhd, Nutech Paint, PPG Industries Inc, Protexion, and Sherwin Williams Company are among the leading players operating in the cool roof coating market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, North America is expected to register the fastest CAGR from 2023 to 2031.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cool Roof Coating Market - By Product
1.3.2 Cool Roof Coating Market - By Application
1.3.3 Cool Roof Coating Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COOL ROOF COATING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COOL ROOF COATING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COOL ROOF COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. COOL ROOF COATING - GLOBAL MARKET OVERVIEW
6.2. COOL ROOF COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. COOL ROOF COATING MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ELASTOMERIC
7.3.1. Overview
7.3.2. Elastomeric Market Forecast and Analysis
7.4. IR REFLECTOR
7.4.1. Overview
7.4.2. IR Reflector Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. COOL ROOF COATING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. COOL ROOF COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cool Roof Coating Market Overview
9.1.2 North America Cool Roof Coating Market Forecasts and Analysis
9.1.3 North America Cool Roof Coating Market Forecasts and Analysis - By Product
9.1.4 North America Cool Roof Coating Market Forecasts and Analysis - By Application
9.1.5 North America Cool Roof Coating Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cool Roof Coating Market
9.1.5.1.1 United States Cool Roof Coating Market by Product
9.1.5.1.2 United States Cool Roof Coating Market by Application
9.1.5.2 Canada Cool Roof Coating Market
9.1.5.2.1 Canada Cool Roof Coating Market by Product
9.1.5.2.2 Canada Cool Roof Coating Market by Application
9.1.5.3 Mexico Cool Roof Coating Market
9.1.5.3.1 Mexico Cool Roof Coating Market by Product
9.1.5.3.2 Mexico Cool Roof Coating Market by Application
9.2. EUROPE
9.2.1 Europe Cool Roof Coating Market Overview
9.2.2 Europe Cool Roof Coating Market Forecasts and Analysis
9.2.3 Europe Cool Roof Coating Market Forecasts and Analysis - By Product
9.2.4 Europe Cool Roof Coating Market Forecasts and Analysis - By Application
9.2.5 Europe Cool Roof Coating Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cool Roof Coating Market
9.2.5.1.1 Germany Cool Roof Coating Market by Product
9.2.5.1.2 Germany Cool Roof Coating Market by Application
9.2.5.2 France Cool Roof Coating Market
9.2.5.2.1 France Cool Roof Coating Market by Product
9.2.5.2.2 France Cool Roof Coating Market by Application
9.2.5.3 Italy Cool Roof Coating Market
9.2.5.3.1 Italy Cool Roof Coating Market by Product
9.2.5.3.2 Italy Cool Roof Coating Market by Application
9.2.5.4 United Kingdom Cool Roof Coating Market
9.2.5.4.1 United Kingdom Cool Roof Coating Market by Product
9.2.5.4.2 United Kingdom Cool Roof Coating Market by Application
9.2.5.5 Russia Cool Roof Coating Market
9.2.5.5.1 Russia Cool Roof Coating Market by Product
9.2.5.5.2 Russia Cool Roof Coating Market by Application
9.2.5.6 Rest of Europe Cool Roof Coating Market
9.2.5.6.1 Rest of Europe Cool Roof Coating Market by Product
9.2.5.6.2 Rest of Europe Cool Roof Coating Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cool Roof Coating Market Overview
9.3.2 Asia-Pacific Cool Roof Coating Market Forecasts and Analysis
9.3.3 Asia-Pacific Cool Roof Coating Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cool Roof Coating Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cool Roof Coating Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cool Roof Coating Market
9.3.5.1.1 Australia Cool Roof Coating Market by Product
9.3.5.1.2 Australia Cool Roof Coating Market by Application
9.3.5.2 China Cool Roof Coating Market
9.3.5.2.1 China Cool Roof Coating Market by Product
9.3.5.2.2 China Cool Roof Coating Market by Application
9.3.5.3 India Cool Roof Coating Market
9.3.5.3.1 India Cool Roof Coating Market by Product
9.3.5.3.2 India Cool Roof Coating Market by Application
9.3.5.4 Japan Cool Roof Coating Market
9.3.5.4.1 Japan Cool Roof Coating Market by Product
9.3.5.4.2 Japan Cool Roof Coating Market by Application
9.3.5.5 South Korea Cool Roof Coating Market
9.3.5.5.1 South Korea Cool Roof Coating Market by Product
9.3.5.5.2 South Korea Cool Roof Coating Market by Application
9.3.5.6 Rest of Asia-Pacific Cool Roof Coating Market
9.3.5.6.1 Rest of Asia-Pacific Cool Roof Coating Market by Product
9.3.5.6.2 Rest of Asia-Pacific Cool Roof Coating Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cool Roof Coating Market Overview
9.4.2 Middle East and Africa Cool Roof Coating Market Forecasts and Analysis
9.4.3 Middle East and Africa Cool Roof Coating Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cool Roof Coating Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cool Roof Coating Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cool Roof Coating Market
9.4.5.1.1 South Africa Cool Roof Coating Market by Product
9.4.5.1.2 South Africa Cool Roof Coating Market by Application
9.4.5.2 Saudi Arabia Cool Roof Coating Market
9.4.5.2.1 Saudi Arabia Cool Roof Coating Market by Product
9.4.5.2.2 Saudi Arabia Cool Roof Coating Market by Application
9.4.5.3 U.A.E Cool Roof Coating Market
9.4.5.3.1 U.A.E Cool Roof Coating Market by Product
9.4.5.3.2 U.A.E Cool Roof Coating Market by Application
9.4.5.4 Rest of Middle East and Africa Cool Roof Coating Market
9.4.5.4.1 Rest of Middle East and Africa Cool Roof Coating Market by Product
9.4.5.4.2 Rest of Middle East and Africa Cool Roof Coating Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cool Roof Coating Market Overview
9.5.2 South and Central America Cool Roof Coating Market Forecasts and Analysis
9.5.3 South and Central America Cool Roof Coating Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cool Roof Coating Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cool Roof Coating Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cool Roof Coating Market
9.5.5.1.1 Brazil Cool Roof Coating Market by Product
9.5.5.1.2 Brazil Cool Roof Coating Market by Application
9.5.5.2 Argentina Cool Roof Coating Market
9.5.5.2.1 Argentina Cool Roof Coating Market by Product
9.5.5.2.2 Argentina Cool Roof Coating Market by Application
9.5.5.3 Rest of South and Central America Cool Roof Coating Market
9.5.5.3.1 Rest of South and Central America Cool Roof Coating Market by Product
9.5.5.3.2 Rest of South and Central America Cool Roof Coating Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COOL ROOF COATING MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EXCEL COATINGS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GAF MATERIALS CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MONARCH INDUSTRIES, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NUTECH PAINT
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PROTEXION LLP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHOUGUANG FENGYUAN COMMERCIAL CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIKA SARNAFIL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE VALSPAR CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WEIFANG HONGXIN WATERPROOF MATERIAL CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. BASF SE
2. Excel Coatings
3. GAF Materials Corporation
4. Monarch Industries, Inc.
5. Nutech Paint
6. Protexion LLP
7. Shouguang Fengyuan Commercial Co., Ltd.
8. Sika Sarnafil
9. The Valspar Corporation
10. Weifang Hongxin Waterproof Material Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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