As energy prices continue to rise, the urgency to reduce energy consumption has never been more critical. The global demand for cool roof coatings is expected to reach US$ 4.92 billion in 2024, according to the latest market research by Fact.MR, a provider of market research and competitive intelligence. The market is projected to grow at a CAGR of 6.8% from 2024 to 2034.

The demand for energy-efficient building materials has surged in recent years, driven by the construction of new homes and the renovation of both commercial and residential buildings. Cool roof coatings offer enhanced durability and structural integrity, contributing to economic and environmental stability. These coatings also help reduce energy costs by reflecting more sunlight and absorbing less heat, keeping buildings cooler. As a result, air conditioning systems use less energy, making cool roof coatings a highly effective solution for energy conservation.

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Key Takeaway from Market Study:

  • Sales of cool roof coatings are expected to reach US$ 4.92 billion in 2024.
  • The global cool roof coating market is projected to grow to US$ 9.51 billion by the end of 2034, expanding at a CAGR of 6.8% from 2024 to 2034.
  • In South Korea, demand for cool roof coatings is anticipated to rise at a CAGR of 8.1% through 2034.
  • The healthcare sector is expected to account for 52% of the global market share by 2034.
  • East Asia is forecasted to contribute approximately 24.6% of the global market revenue by the end of 2034.

“Increasing consumer inclination toward energy saving solutions, implementation of green building codes, and rising global warming are contributing to growing use of cool roof coatings,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Cool Roof Coating Market:

Leading manufacturers of cool roof coatings 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.

Expansion of Construction Sector Means High Cool Roof Coating Use in China:

Demand for cool roof coatings in China is projected to grow at a CAGR of 6.4%, reaching a market valuation of US$ 1.34 billion by the end of 2034. This growth is driven by the surge in infrastructure development and the rising population, which is fueling the demand for additional living space. As the construction sector expands to meet these needs, the demand for cool roof coatings is expected to increase accordingly.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the cool roof coating market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on roof type (low-slope, steep-slope), material (elastomeric plastic, silicon, tiles, metal), technology (water-based, solvent-based), and application (residential, commercial, hospitality, healthcare), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

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Country-wise Insights:

The demand outlook for cool roof coatings in the United States is strong, with the market value expected to reach US$ 759.3 million in 2024, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2034. By 2034, the market is projected to be worth US$ 1.22 billion.

The U.S. is anticipated to hold 73.5% of the North American market by the end of 2034. With buildings and homes accounting for a significant share of total energy use, increasing consumer awareness about energy consumption, alongside the implementation of LEED (Leadership in Energy and Environmental Design) initiatives for green building certification, is set to positively influence the market trends for cool roof coatings in the United States.

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

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