The
Report Cool Roof Coatings Market Size, Share & Trends Analysis Report
By End Use, By Product (Elastomeric, IR Reflective), By Application
(Slow-sloped, Steep-sloped), And Segment Forecasts, 2018 - 2025
The global cool roof coating market size is
expected to reach USD 5.41 billion by 2025, according to a new report by Grand
View Research, Inc., registering a 7.0% CAGR over the forecast period. Energy
savings offered by these coatings, along with favorable regulations, are slated
to drive the market.
Use of cool roof
coatings can prevent structural deformity caused by severe temperature
fluctuations. It also lowers dependency of air conditioning by reducing heat
built up in buildings, which in turn, reduces energy consumption.
Favorable regulations
and government support in the form of tax benefits and financial incentives are
expected to propel product demand. Increasing awareness regarding energy
savings as well as environmental benefits offered by cool enamels will play a
vital role in market expansion. However, limitations associated with long-term
durability of such coatings owing to usage of titanium dioxide as a critical
ingredient is projected to remain a key challenge for market players.
Advent of new polymers
and resins with lower volatile organic compound (VOC) ratings are likely to
contribute to product demand as an eco-friendly choice. Increasing efforts to
reduce VOC limits in different geographies is expected to create ample
opportunities for cool roof coatings as an alternative to meet stringent
regulations.
Manufacturers are
focused on development of new technologies to enhance UV resistance of these
coatings. Introduction of microcells and nanotechnology for reducing heat flux
and increasing energy conservation is projected to drive demand for cool roof
coatings over the forecast period.
Access Research Report of Cool
Roof Coating Market @ https://www.grandviewresearch.com/industry-analysis/cool-roof-coating-market
Further key findings from the report suggest:
· The global cool roof coatings market demand
is anticipated to reach 78.5 million liters by 2025, expanding at a CAGR of
7.4% from 2018 to 2025
· By application, the slow-sloped segment
dominated the global cool roof coatings market with a share of over 60.0% in
2017
· North America is projected to exhibit a
strong volume-based CAGR of 7.6% over the forecast period, on account of
abundant availability of raw materials and rising consumer inclination toward
green building initiatives
· Asian countries such as China and India are
projected to witness remarkable growth over the forecast period owing to rapid
urbanization and increasing infrastructure spending
· Some of the key companies in the industry
are The Dow Chemical Company, KST Coatings, Valspar Corp., Sika Sarnafil,
Nippon Paints, Monarch Industries, and Nutech Paints.
Grand View Research has
segmented the global cool roof coatings market on the basis of product,
application, end use, and region:
Cool Roof Coatings Product Outlook (Volume, Kilo Liters;
Revenue, USD Million, 2014 - 2025)
·
Elastomeric/White
·
IR Reflective/Colored
Cool Roof Coatings Application Outlook (Volume, Kilo
Liters; Revenue, USD Million, 2014 - 2025)
·
Slow-Sloped
·
Steep-Sloped
Cool Roof Coatings End-use Outlook (Volume, Kilo Liters;
Revenue, USD Million, 2014 - 2025)
·
Residential
·
Commercial
·
Industrial
Cool Roof Coatings Regional Outlook (Volume, Kilo Liters;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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