Cool Roof Coating Market Size Worth USD 6.71 Billion -

(Newswire.net — September 15, 2022) —

According to the most recent report by Emergen Research, the worldwide cool roof coating market is anticipated to reach a market value of USD 6.71 billion at a consistent CAGR of 7.7% in 2028. The energy savings this device provides are said to be responsible for the rise. The market for cool roof coatings is expected to increase as more emerging nations throughout the world adopt green building requirements. Governments are being urged to enact laws for ecologically friendly buildings by growing worries about rising carbon emissions and energy use. In the near future, it is anticipated that this feature would open up potential opportunities for the cool roof coating industry.

The market acceptance of cool roof coatings has been promoted by expanding government measures to support the installation of green buildings, a change in customer desire for long-lasting colour coatings, rising energy usage, and rising global warming. Throughout the projected period, this tendency is anticipated to persist.

Cool roof coatings have a number of benefits, including low cost and high solar reflectivity, which reduce heat accumulation in business and residential buildings reducing the need for air conditioning, saving energy and lowering air pollution. The use of green building materials is encouraged by increased consumer interest in energy efficiency and favourable government tax benefits, which are expected to drive demand in the years to come.

Reflective tiles, sheet coverings, and protective coatings are examples of cool roof coatings that keep roofs cool and thus lower building temperatures. White paints or specific reflective pigments are used to paint roofs in order to reflect sunlight and shield surfaces from ultraviolet (UV) rays, water corrosion, and chemical deterioration. Green construction materials are in greater demand due to favourable government rules addressing tax incentives and rising energy efficiency demands.

Some Key Highlights from the Report:

· The world’s top materials science business, The Dow Chemical Company Ltd., launched VORASURF Silicone Surfactants in April 2021 to assist its clients in meeting the rising demand from consumers for thin, flexible foams. Formulators are searching for more cutting-edge cell control solutions that offer memory and traditional foams that are lightweight, low emission, and high comfort because of the online mattress-in-a-box purchasing experience, which allows customers to customise their purchases and have them delivered right to their homes.

· In terms of revenue, the water-based category dominated the cool roof coating market in 2020. There is a growing need for contractors, specifiers, and end users to fully understand system performance requirements as well as various technical, manufacturing, and installation challenges that either guarantee or degrade necessary performance.

· Low-sloped roof market revenue growth is anticipated to pick up significantly. Due to increased awareness of the need for green building construction and tight regulations regulating the roofing materials for industrial and commercial projects, low-sloped roofing systems are now more prevalent.

· The global dominance of the elastomeric coating industry segment may be attributed to its suitability for virtually all types of roof constructions.

· In 2020, North America contributed the greatest revenue share to the market for cool roof coatings worldwide. The region’s demand for cool roof coatings is expanding as a result of increased energy awareness concerns and a growing requirement for green building construction.

· The Dow Chemical Company, Sika Sarnafil, Nutech Paints, KST Coatings, Nippon Paints Holdings Co. Ltd., Wacker Chemie AG, PPG Industries, Inc., Monarch Industries, Sherwin-Williams, and GAF Materials are major firms in the market study.

The cool roof coating market has been divided into segments by technology, application, product, end-use, and region by Emergen Research: