Cool Roof Coatings Market Grow at a CAGR of around 6.9 % between 2020 and 2026

Cool Roof Coatings Market

Report Summary:

Cool roof coating consists of reflective tiles, sheet covering, and protective coating, which allow roofs to remain cooler and thereby assist in lowering the building’s temperature. It reduces costs associated with air conditioning and other cooling systems. These coatings consist of white coatings or reflective pigments that protect roof surfaces from ultra-violet rays, water rusting, and chemical damage.

Cool roof coatings offer numerous benefits, such as cost-effectiveness and high solar reflectivity, which minimises heat buildup in commercial and residential spaces and reduces reliance on air conditioning, thereby conserving energy and reducing air pollution. The increasing inclination of consumers towards energy savings and favourable government policies regarding tax benefits encourage the use of eco-friendly building materials and are expected to propel demand in the coming years.

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The preference of consumers for cost-effective and long-lasting coatings as opposed to short-term, quick-fix solutions is an observed market trend. Property managers and industrialists are researching cool roof coatings’ lifecycle analysis. The inevitable need to re-coat after three to five years is exponentially more expensive in terms of material, labour, and time when cheaper alternatives are used. This factor may pose a threat to future economic expansion.

Industry Development Growth Factors:

Technological advancements and substance advancements have contributed to the development of cool coatings solutions. As an environmentally preferable alternative, it is anticipated that new monomers with lower volatile organic compound (VOC) levels will increase demand for cool coatings.

In addition, the market for cool roof coatings is anticipated to expand due to government support in the form of financial incentives and tax breaks. As people become more conscious of the energy-saving and ecological benefits that cool enamels provide, the industry is expected to grow. Moreover, regulations limiting or prohibiting the use of volatile organic compounds (VOCs) in paints and coatings are anticipated to boost demand for cool roof coatings.

By-Product Insight:

Throughout the forecast period, the elastomeric product segment is anticipated to dominate the global cool coating market. Due to the rising demand for energy-efficient systems and the rapid urbanisation and industrialisation of developing nations, there is a growing demand for environmentally friendly coatings. In addition, rising tilt-up cement applications, rising infrastructure and development operations, and rapid manufacturing expansion in India, China, and other Asia Pacific nations are anticipated to contribute to segment growth.

Perspective by End-Use:

Due to the growing number of IT parks, mills, manufacturing plants, and warehouses, the industrial end-use segment is anticipated to hold the largest share of the global cool roof coatings market over the forecast period. In addition, rapid industrial infrastructure development in developed economies such as the United States and Canada, fueled by high disposable income, is expected to drive segment growth in the coming years.

Increasing demand for residential buildings and homes from developing nations, such as India and China, is anticipated to propel the residential segment’s growth over the forecast period. In addition, growing awareness of green buildings in developing and developed nations will likely contribute to the segment’s expansion.

The research report segments the roof coating market into the following submarkets:

By Type:

  • Elastomeric
  • Bituminous
  • Acrylic
  • Epoxy
  • Silicone
  • Others

By Substrate:

  • Metal
  • Asphalt
  • Membrane
  • Concrete
  • Plastic
  • Others

By Roof Type:

  • Flat
  • Low-sloped
  • Steep-sloped
  • Others

By Solution Technology:

  • Water-based
  • Solvent-based

By End-use Sector:

  • Residential
  • Non-residential

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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