Global Cool Roof Coatings Market

Cool Roof Coatings Market Size, Share, Growth Analysis, By Type(Elastometric, Bituminous, Acrylic, epoxy), By Substrate(Metal, Asphalt, Membrane, Concrete), By Roof type(Flat, low-sloped, steep-sloped, others), By Solution technology(Water based, Solvent based), By End-user(Residential, Non-residential (commercial, hospitality, healthcare), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15F2038 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 61 | Figures: 77

Cool Roof Coatings Market Regional Insights

In 2022, North America held the greatest market share 34.20% dominating the cool roof coatings industry. During the projected period, it is expected that the region would maintain this pattern. The expansion can be ascribed to early adoption of construction codes and rising consumer awareness of how much energy buildings use. Due to the increased demand for residential, non-residential, and commercial construction projects, which is driving the expansion of the cool roof coatings market throughout the region during the forecast period, the construction sector in North America is likely to experience considerable growth over the coming years.

Cool roof coatings have seen an increase in demand on the European market in recent years across green building designs. Due to their exceptional environmental benefits, which include increased building life, maximized energy efficiency, and improved interior quality, Over the forecast period, favorable government support to promote green building development in various nations is anticipated to drive product demand. The demand for applications of cool roof coatings is substantially influenced in Germany by the construction industry. Due to the increased demand for real estate, low financing rates, and growing population, the nation has seen an increase in new residential building permits, and this development trend is anticipated to continue over the projection period.

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Global Cool Roof Coatings Market size was valued at USD 4.43 Billion in 2022 and is expected to grow from USD 4.75 Billion in 2023 to reach USD 8.28 Billion by 2031, at a CAGR of 7.20% during the forecast period (2024-2031). 

A small number of significant businesses control an oligopolistic portion of the whole market. To gain a competitive edge through product differentiation and low-cost products, manufacturers are substantially spending in R&D operations and depending on technical advancements. Additionally, in order to increase their ability to target specific customers, firms are concentrating on integrating their supply and distribution systems. 'Sherwin-Williams Company (United States)', 'PPG Industries, Inc. (United States)', 'Akzo Nobel N.V. (Netherlands)', 'BASF SE (Germany)', 'RPM International Inc. (United States)', 'Nippon Paint Holdings Co., Ltd. (Japan)', 'Dow Chemical Company (United States)', 'Sika AG (Switzerland)', 'Asian Paints Ltd. (India)', 'Kansai Paint Co., Ltd. (Japan)', 'GAF Materials Corporation (United States)', 'Arkema Group (France)', 'Hempel A/S (Denmark)', 'Axalta Coating Systems Ltd. (United States)', 'The Valspar Corporation (United States)', 'Jotun Group (Norway)', 'DuluxGroup Limited (Australia)', 'Gaco Western, LLC (United States)', 'Berger Paints India Limited (India)', 'Monarch Industries Limited (Canada)', 'Excel Coatings (United Arab Emirates)', 'National Coatings Corporation (United States)'

Governments, utility companies, and other organizations offer financial incentives, rebates, and tax credits to promote the adoption of cool roof coatings. These programs encourage building owners to invest in energy-efficient solutions, further driving the demand for cool roofs.

In 2022, North America held the greatest market share 34.20% dominating the cool roof coatings industry. During the projected period, it is expected that the region would maintain this pattern. The expansion can be ascribed to early adoption of construction codes and rising consumer awareness of how much energy buildings use. Due to the increased demand for residential, non-residential, and commercial construction projects, which is driving the expansion of the cool roof coatings market throughout the region during the forecast period, the construction sector in North America is likely to experience considerable growth over the coming years.

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Global Cool Roof Coatings Market

Report ID: SQMIG15F2038

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