Cool Roof Coating Market

Cool Roof Coating Market Study by Low-slope and Steep-slope for Elastomeric Plastic, Silicon, Tiles, and Metal from 2024 to 2034

Analysis of Cool Roof Coating Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cool Roof Coating Market Outlook (2024 to 2034)

Energy savings feature of cool roof coatings primarily driving their use, with the market set to reach US$ 4.92 billion in 2024. As per this latest study by Fact.MR, the global cool roof coating market size is forecasted to expand at a CAGR of 6.8% to reach US$ 9.51 billion by the end of 2034.

Increasing implementation of green building codes across potentially high-growth market generating demand for cool roof coatings. Growing concerns about increasing carbon emissions along with rising energy costs are compelling governments to implement stricter regulations for the development of environment-friendly buildings, which is contributing to the expansion of the cool roof coating market size.

Several types of reflective tiles, protective coating, and sheet covering are included in cool roof coating, which helps the roof maintain a cool temperature. Further, it assists in saving money, which is otherwise spent on numerous types of cooling systems and air conditioning. Special reflective and white coatings are used in coatings to reflect sunlight and assist in protecting the roof surface from water rusting, ultraviolet radiation, and chemical damage.

  • Worldwide demand for cool roof coatings for application at steep-slope roofs is projected to increase at a CAGR of 6.8% and reach a value of US$ 6.58 billion by 2034-end.
  • Sales of cool roof coating products in Japan are projected to rise at 5.5% CAGR from 2024 to 2034.
  • North America is forecasted to account for 17.5% of the cool roof coating market share by the end of 2034.

Cool roof coatings offer multiple advantages, including higher solar reflectivity and cost-efficiency than other options, which lead to reduced heat generation within residential and commercial spaces. This reduces dependency on air conditioning systems, thus diminishing air pollution and saving energy. Growing consumer inclination to favorable government policies and energy savings are estimated to encourage the utilization of green building materials, which is contributing to the cool roof coating market growth.

Report Attributes Details
Cool Roof Coating Market Size (2024E) US$ 4.92 Billion
Forecasted Market Value (2034F) US$ 9.51 Billion
Global Market Growth Rate (2024 to 2034) 6.8% CAGR
South Korea Market Growth (2024 to 2034) 8.1% CAGR
East Asia Market Share (2034F) 24.6%
Market Share of Healthcare Segment (2034F) 52%
Key Companies Profiled
  • Sherwin Williams
  • Kansai Paints Co. Ltd.
  • Valspar Corporation
  • National Coatings Corporation
  • BASF SE
  • Nippon Paints
  • Monarch Industries
  • Sika AG
  • GAF Materials
  • Akzo Nobel
  • PPG Industries Inc.
  • DowDupont
  • Excel Coatings
  • Nutech Paints

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What is Contributing to Expansion of the Cool Roof Coating Business?

“Infrastructure Development Driving Consumption of Energy-efficient Roofing Solutions”

An increase in commercial and housing construction activities is projected to lead to a rising demand for environment-friendly solutions with growing awareness about environmental footprints. More people and builders are taking an interest in the development of green space. Further, this is estimated to supplement the demand for cool roof coatings for energy efficiency and therefore, minimize the cost of residential and commercial structures.

Certain cool roof coating programs are concentrating on mitigating heat generation with an active collaboration with community partners. Toronto’s Eco-Roof Incentive Program, NYC Cool Roofs, Initiatives of the National Government of India on sustainable cooling, etc., are some popular programs carried out globally.

Renovation of current infrastructure in developing and developed countries around the world is projected to increase waterproofing membrane demand. Increasing adoption of these waterproofing membranes is anticipated to lead to the rising demand for cool roof coatings.

Why is Demand for Cool Roof Coatings Not Increasing as Fast as Expected?

“High Production Costs of Cool Roof Coatings Affecting Pricing”

Cost of cool roof coatings production is comparatively higher than other conventional cooling options. So, it is not feasible for everyone in the residential and commercial sectors to afford them, which is further adversely impacting market growth.

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How are New Companies Trying to Shape This Business Space?

“High Expenditure on Development of More Efficient Cool Roof Coatings”

One of the key trends observed in the global market is the shifting preference of more consumers for long-lasting and cost-effective coatings compared to quick-fix and short-term solutions. Startups need to collaborate with industrialists and property managers for an improved understanding of the lifecycle assessment of these coating options. This strategy is projected to help startups come up with innovative, new, and more efficient solutions.

Country-wise Insights

East Asia is projected to account for 24.6% share of global market revenue by 2034 with rising awareness of energy consumption along with increasing government investments for the expansion of the building & construction industry adhering to energy-efficient solutions.

What is the Demand Outlook for Cool Roof Coatings in the United States?

“Growing Initiatives toward Green Building Certification to Minimize Greenhouse Gas Emissions”

Attribute United States
Market Value (2024E) US$ 759.3 Million
Growth Rate (2024 to 2034) 4.9% CAGR
Projected Value (2034F) US$ 1.22 Billion

The United States is set to hold 73.5% share of the market in North America by the end of 2034. A significant share of the total energy is utilized in buildings and homes. Increasing consumer awareness about the energy consumption by various buildings and execution of the LEED (Leadership in Energy and Environmental Design) initiatives for green building certification is set to positively influence the cool roof coating market trends in the United States.

Why is China Expected to Offer Lucrative Opportunities to Market Players?

“Constant Expansion of Infrastructure Sector Driving Demand for Cool Roof Coatings”

Attribute China
Market Value (2024E) US$ 720.3 Million
Growth Rate (2024 to 2034) 6.4% CAGR
Projected Value (2034F) US$ 1.34 Billion

China is forecasted to contribute 57.3% of the East Asian market share by 2034-end. Rising acceptance of various green building codes in the country is projected to increase demand for cool roof coatings for cooling purposes. In addition, the growing population leading to rising expenditure on infrastructure development is anticipated to widen opportunities for providers of cool roof coatings. Various scientists in China are concentrating on the analysis of the reason for rural and urban temperature variation, which is estimated to open up new avenues for market growth there.

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Category-wise Insights

Demand for cool roof coatings in the healthcare sector is projected to increase at a CAGR of 6.7% and reach a value of US$ 4.94 billion by 2034. The growing use of cool roof coatings is attributed to the adoption of green building codes and emphasis on energy efficiency in healthcare infrastructure facilities.

Why are Cool Roof Coatings Becoming Popular for Steep-slope Roof Type?

“Rising Utilization of Cool Roof Coatings for Their Advanced Techniques”

Attribute Steep-slope Type
Segment Value (2024E) US$ 3.41 Billion
Growth Rate (2024 to 2034) 6.8% CAGR
Projected Value (2034F) US$ 6.58 Billion

Cool roof coatings are used more on steep-slop roof types. These roofs are forecasted to capture 69.2% share of the global market by the end of 2034. These coatings are used in the residential sector, especially in regions with high snowfall and rainfall. Steep-sloped type of roof requires minimal maintenance because of the structural advantages which lower the risks of mildew or mold proliferation on the roof, therefore resulting in minimal penetration of several types of coatings products for these roofs.

Which Material is Widely Used in Cool Roof Coating Production?

“Silicon-based Cool Roof Coatings Preferred for Their Energy Conservation Features”

Noteworthy energy conservation is estimated to be obtained through the roof of the respective building. Cool roof coatings are set to play a vital role in energy conservation initiatives taken by various local authorities by conducting programs for their use. Silicon-based cool roof coatings reflect more than 90% of sunlight. It works as isolation between the incident sunlight and roof substrate. In addition, the comparatively high moisture resistance capacity of cool roof coatings compared to acrylic and asphalt products is contributing to their increased demand.

Competitive Landscape

Tier-1 players in the global market are projected to hold a significant share of revenue because of their economic vigor and robust distribution channels. Marketing and advertisement campaigns are some of the prominent expansion strategies adopted by manufacturers to create brand awareness. Management of supply chain systems, maintaining product quality, investing in new product developments, etc. are some other key strategies adopted by companies to secure their position.

Key players in the cool roof coating market are Sherwin Williams, Kansai Paints Co. Ltd., Valspar Corporation, National Coatings Corporation, BASF SE, Nippon Paints, Monarch Industries, Sika AG, GAF Materials, Akzo Nobel, PPG Industries Inc., DowDupont, Excel Coatings, and Nutech Paints.

Segmentation of Cool Roof Coating Market Research

  • By Roof Type :

    • Low-slope
    • Steep-slope
  • By Material Type :

    • Elastomeric Plastic
    • Silicon
    • Tiles
    • Metal
  • By Technology :

    • Water-based
    • Solvent-based
  • By Region :

    • Residential
    • Commercial
    • Hospitality
    • Healthcare
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

- FAQs -

How big is the cool roof coating market size in 2024?

The global cool roof coating market is calculated at US$ 4.92 billion in 2024.

What is the demand forecast for cool roof coatings for 2034?

Demand for cool roof coatings is projected to reach a value of US$ 9.51 billion by 2034-end.

At what rate is the demand for cool roof coatings forecasted to increase?

The global market has been forecasted to expand at a CAGR of 6.8% from 2024 to 2034.

How much share of the global market is projected to be held by East Asia?

East Asia is forecasted to account for 24.6% share of global market revenue by 2034-end.

What is the forecasted CAGR for cool roof coating sales in South Korea?

The market in South Korea is projected to increase at 8.1% CAGR from 2024 to 2034.

What is the contribution of the healthcare sector to global market revenue?

The healthcare sector is expected to account for 52% share of the global market by 2034.

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