Tier 2 Players Continue to Rein Cool Roof Coating Sales with over 50% Share
Revenues of the cool roof coating market will remain clustered among Tier 2 players, who currently account for over 50% of overall cool roof coating sales worldwide. These cool roof coating manufacturers including Nutech Coatings, and Kansai Paints Co. Ltd, have consolidated their position in Asia-Pacific and Europe. Advertisements and marketing campaigns are key expansion strategies of the Tier 2 players, for creating brand awareness among end-users. Tier 1 manufacturers of cool roof coating will hold nearly 30% market share in 2018, owing to their robust distribution channel and economic vigor.
Increasing Palpability of Cool Roof Programs
As the housing and commercial construction activities continue to soar, the effect of “urban heat island” is getting worse against the backdrop of dark colored structured and streets, and lack of air-conditioned and green space. This has further supplemented energy demand and relevant cost in structures of commercial and residential sectors alike. However, several cool roof coating programs are being carried out worldwide, which focus on mitigating the heat trapped by working with community partners. NYC Cool Roofs, Toronto’s Eco-Roof Incentive Program, Repeal and Replace of Green Roof Law in Denver, and Initiative of India’s national government on sustainable cooling through National Cooling Action Plan, are some of the key examples of cool roof programs being carried out worldwide currently. Such initiatives for cool roof coating allude at a transformative trend to battle climate change and global warming.
Silicone Cool Roof Coating Gains Immense Significance
As per the U.S. Environmental Protection Agency (EPA), nearly 80% of energy conservation in a single-story building can be obtained through its roof. It further states that for urban areas, the roofing constitutes approximately 70% of surface area in urban settlements. Therefore cool roof coatings can play a major role in energy conservation through initiatives by local authorities to carry out cool roof coating programs in the cities. As silicone cool roof coatings reflect over 90% of sunlight, and work as isolation between the roof substrate and the incident sunlight, these are fast gaining prominence in the market. Additionally, relatively higher moisture resistance of silicone cool roof coating compared to asphalt and acrylic products will further underpin their demand in the cool roof coating market.
Economic Benefits of Cool Roof Coating
Cool roof coating offers reduced cooling energy costs and increase comfort level by keeping temperature fluctuations inside the building in check. The Cool Roof Rating Council (CRCC) estimates average energy savings from cool roof coating to be in the range of 7% to 15%, albeit energy savings vary based on geography and climate. In the U.S. alone, cool roof coatings have significantly curtailed energy costs, according to the U.S. Department of Energy. Additionally, cool roof coating complement occupant comfort, depriving the requirement for air conditioners, resulting in significant monetary savings for consumers.
Air Sealing – Effective Alternative to Cool Roof Coating
Air sealing have gained significant traction as an effective alternative to cool roof coating, as proper sealing of attic floor and ceiling with weatherstripping and insulation prevents air leakage from interior of spaces. The Department of Energy states that attics offer the best opportunities for improving the energy efficiency in the residential spaces. Additionally, some air sealing methods such as weatherstripping and caulking enable do-it-yourself installment, thereby resulting in additional cost saving for consumers. However, inadequate ventilation and trapped moisture continue to remain key concerns associated with air sealing.
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Fact.MR’s study on the cool roof coatings market delivers important information on the demand & supply trends of cool roof coatings across the globe, coupled with a scrutinized assessment on competition landscape of the cool roof coatings market. Exhaustive analysis on leading and emerging players in the cool roof coatings market is offered in the report, which involves company overview, product overview, key financials and recent developments.
Key Developments of Cool Roof Coating Market Players
- The Sherwin Williams Company has introduced its “Kool Seal 7 Year Elastomeric Roof Coating”, which is 100% acrylic & reflective cool roof coating. This cool roof coating has the ability to contract and expand with the roof.
- GAF’s recently introduced cool roof coating, called “United CoatingsTM,” is claimed by the company to provide incomparable long-term reflectivity for a broad range of roofing substrates. Low VOC content and water-based nature of this cool roof coating by GAF offers enhanced consistency and flexibility to roof surfaces.
- “CERAM-A-STAR 1050”, a silicone-modified polyester cool roof coating system, introduced by Akzo Nobel is designed particularly for metal construction industry. This is also available in Akzo Nobel’s COOL CHEMISTRY Series, which acts as sustainable building material by reducing air conditioning costs, peak energy demand, and mitigates the urban heat island effect.
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Cool roof coatings are special or white reflective pigments used for reflecting sunlight, and resemble to very thick paints that prevent damage to roof surface from contact with chemical and ultraviolet (UV) rays. Some cool roof coating types offer restorative features and water protection. Key material used for cool roof coating include elastomeric plastic, tiles, and metals.
About The Report
This report on the cool roof coating market is a comprehensive compilation of actionable and valuable insights. The report offers an in-depth assessment on the cool roof coatings market, which incorporates study on important dynamics including growth drivers, restraints, trends, and opportunities for the cool roof coating market.
The report primary focuses on the provision of authentic intelligence to its readers with regard to the cool roof coating market, which would enable them in gathering and devising strategies on the basis of the insights delivered on the cool roof coating market. In key sections of the report, an overview on the cool roof coatings market has been offered which includes a concise introduction to the cool roof coating market, along with an accurate definition of the target product – cool roof coating.
This further enables the clients in better understanding current as well as future potential for growth of the cool roof coating market. Leveraging insights and data offered on the cool roof coating market in this report, clients are enabled to take informed steps for their businesses in the cool roof coating market. Size of the cool roof coating market has been evaluated in terms of value (US$ Mn).
Key segments of the cool roof coating market have been identified and represented in the report systematically by using a taxonomy table. The report splits the cool roof coating market primarily into 5 key segments, namely, roof type, material, technology, application, and region. Low slope and steep slope are two key types of cool roof coating studied in the report. Based on technology, the cool roof coating market has been bifurcated into solvent-based cool roof coating and water-based cool roof coating.
Key applications of cool roof coating studied in the report include healthcare, hospitality, commercial and residential. Among materials employed for production of cool roof coating, elastomeric plastic, tiles, and metals are widely employed in the market. Key regions assessed in the cool roof coatings market include North America, Eastern Europe, Western Europe, Latin America, China, SEA&P, and MEA.
Additional Questions Answered
The report provides answers to other imperative questions on the cool roof coatings market, apart from insights offered above.
- What is the revenue comparison between water-based cool roof coating and solvent-based cool roof coating?
- Which material is preferred for production of cool roof coating?
- Where does cool roof coating find the largest application?
- What will be the volume share of low sloped cool roof coating in 2018?
- Which region will be the most lucrative for cool roof coating market growth?
Insights and forecast offered on the cool roof coating market are based on a robust research methodology that is used to develop this report on the cool roof coating market. The research methodology employed involves exhaustive secondary and primary researches to gain detailed information on the cool roof coating market.
Analysts have leveraged the research approach to arrive at the cool roof coating market size offered, along with other important numbers such as revenue share and CAGR of all the market segments identified in the report. Information collected on the cool roof coating market is transitioned via many validation funnels, before their inclusion in the report.
Fact.MR’s unique research approach ensures credibility of the data obtained and statistics derived, which in turn offers readers with accurate information, and authentic data on the cool roof coating market. Scope of the cool roof coating market report is to deliver precise intelligence and valuable insights on the cool roof coating market, thereby enabling clients to make proper decision for future growth of their businesses in the cool roof coating market.
Request methodology of this Report.
Fact.MR’s report titled “Cool Roof Coating Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028,” offered in-depth analysis on key dynamics, including growth determinants, impediments, opportunities, and trends, which have significant impact on prospects of the cool roof coating market. Size of the cool roof coating market has been evaluated in terms of volume (MT) and value (US$ Mn).
Chapter 1 – Global Economic Outlook
The first chapter of the report offers information on the economic outlook across the globe and its indirect impact on growth of the cool roof coating market. GDP outlook, and construction sector growth and their influence on demand for cool roof coating are among key areas assessed in this chapter.
Chapter 2 – Cool Roof Coating Market Executive Summary
This chapter offers a summary of the report, wherein key dynamics and important numbers associated with the cool roof coating market have been listed. This chapter also offers size and growth rate of the cool roof coating market for the forecast period between 2018 and 2028. Highlights of key cool roof coating market segments, including leading segments and fastest-growing segments, have also been included in this chapter.
Chapter 3 – Cool Roof Coating Market Overview
An overview of the cool roof coating market has been offered in this chapter. The overview involves a succinct introduction to the cool roof coating market along with a formal definition of “cool roof coating.” A methodical representation of the key segments identified in the cool roof coating market has been offered below the market introduction.
This chapter also involves information of macroeconomic factors influencing growth of the cool roof coating market, along with study of advantages associated with use of cool roof coating. Types of elastomeric plastic utilized in cool roof coating, coupled with advantages and disadvantage of silicone use in cool roof coating have also been included in this chapter.
A technology roadmap has been offered for the cool roof coating market which includes insights on production and processing, storage and packaging of cool roof coating worldwide. A detailed pricing analysis on the cool roof coating market on the basis of technology, materials, application, roof type, and region has been incorporated in this chapter.
Chapter 4 – Cool Roof Coating Market Analysis & Forecast
This chapter offers precise forecast on the cool roof coating market for the historical period (2013-2017) and the forecast period (2018-2028). Forecast and analysis delivered on the cool roof coating market include important numbers associated with all the segments identified in the cool roof coating market. This chapter includes volume and revenue comparison, Y-o-Y growth comparison, and market share comparison of the cool roof coating market segments and their sub-segments.
Chapter 5 – North America Cool Roof Coating Market
This chapter gives an outlook on the cool roof coating market and its parent market in North America, along with size and forecast of the cool roof coating market in the region. A country level analysis, including the U.S. and Canada, has been offered on the North America cool roof coating market, based on all the market segments.
Chapter 6 – Latin America Cool Roof Coating Market
This chapter gives a detailed information and accurate forecast on the cool roof coating market in Latin America. Key trends impacting growth of the cool roof coating market in Latin America have been offered in the report. Revenue and volume comparison of the cool roof coating market segmented in Latin America has also been delivered in this chapter.
Chapter 7 – Western Europe Cool Roof Coating Market
This chapter gives an outlook on the cool roof coating market and its parent market in Western Europe, along with size and forecast of the cool roof coating market in the region. A country level analysis, including Germany, Italy, France, the U.K, Spain, and Rest of Western Europe, has been offered on the Western Europe cool roof coating market, based on all the market segments.
Chapter 8 - Eastern Europe Cool Roof Coating Market
This chapter gives a detailed information and accurate forecast on the cool roof coating market in Eastern Europe. Key trends impacting growth of the cool roof coating market in Eastern Europe have been offered in the report. Revenue and volume comparison of the cool roof coating market segmented in Eastern Europe has also been delivered in this chapter.
Chapter 9 – SEA&P Cool Roof Coating Market
This chapter gives an outlook on the cool roof coating market and its parent market in SEA&P, along with size and forecast of the cool roof coating market in the region. A country level analysis, including India, Indonesia, Philippines, Japan, Oceania, and Rest of SEA&P, has been offered on the region’s cool roof coating market, based on all the market segments.
Chapter 10 – MEA Cool Roof Coating Market
This chapter gives a detailed information and accurate forecast on the cool roof coating market in Middle East & Africa (MEA). Key trends impacting growth of the cool roof coating market in MEA have been offered in the report. Revenue and volume comparison of the cool roof coating market segmented in MEA has also been delivered in this chapter.
Chapter 11 - China Cool Roof Coating Market
China’s cool roof coating market has been studied in detail in this chapter, and important market numbers such as size in terms of revenue and volume, and CAGR have been delivered. Volume and revenue comparison of the cool roof coating market in China has also been offered, in terms of technology, materials, application, and roof type.
Chapter 12 – Cool Roof Coating Market Company Share, Competition Landscape and Company Profiles
This concluding chapter of the report sheds light on the competition landscape of the cool roof coating market, and offers a dashboard view of key players identified and profiled in the cool roof coating market. A detailed assessment on the company overview, product portfolio, production footprint, sales footprint, channel footprint, and strategy outlook, has been offered on all the market players profiled in the report.
Key cool roof coating market players profiled in the report are Sherwin Williams, Valspar Corporation, Nippon Paints, Monarch Industries, GAF Materials, DowDupont, Nutech Paints, Excel Coatings, PPG Industries Inc., Akzo Nobel, Sika AG, BASF SE, Asian Paints Ltd., National Coating Corporation, and Kansai Paints Co. Ltd.
Sources: Local newspapers, company websites, published trade data, quarterly financial statements, annual reports, company press releases, and published financial data.
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