The Cool Roof Coating Market report offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
The global cool roof coating market is expected to reach a market size of USD 6.71 Billion at a steady CAGR of 7.7% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to rising government initiatives to support green building installation, a shift in consumer preference for long-lasting color coatings, rising energy consumption, and rising global warming, all of which has boosted the market\'s adoption of cool roof coatings. This trend is expected to continue during the forecast period.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Cool Roof Coating industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Cool Roof Coating industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Cool Roof Coating industry.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Cool Roof Coating market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Cool Roof Coating market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Cool Roof Coating market.
Radical Highlights of the Cool Roof Coating Market Report:
- In April 2021, the Dow Chemical Company Ltd., world\'s premier materials science firm introduced VORASURF Silicone Surfactants, which are low cyclic and low volatile to help its customers handle expanding market interest in lightweight flexible foams. Formulators are searching for more innovative cell control solutions that offer lightweight, low emissions, and high comfort memory and traditional foams as a result of online mattress-in-a-box buying experience, which offers more customizable items delivered straight to their homes.
- In April 2020, Sika Sarnafil, leading supplier of innovative adhesive and sealant solutions for automotive and commercial vehicles, introduced SikaTack ELITE and Sikaflex 268 PowerCure are two new revolutionary adhesive technologies for automobile glass repair applications. This unique solution was created to combine benefits of a two-component system with the simplicity and ease of use of a one-component product.
- Water based segment accounted for largest revenue share in the cool roof coating market in 2020. Increasing number of contractors, specifies, and end-users need to fully comprehend performance requirements of systems as well as different technical, manufacturing, and installation difficulties that either ensure or compromise required performance.
- Market revenue growth rate for low-sloped roofs is expected to accelerate substantially. Increased penetration of low-sloped roofing systems has resulted from increased awareness of necessity of green building construction, as well as strict rules regarding roofing materials for industrial and commercial structures.
- Elastomeric coating business segment’s dominant market position can be due to its compatibility with practically all types of roof constructions
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
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
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Cool Roof Coating Market Segmentation:
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Water Based
- Solvent Based
Application Outlook (Revenue, USD Billion; 2018–2028)
- Low-sloped
- Steep-sloped
- Others
Product Outlook (Revenue, USD Billion; 2018–2028)
- IR Reflective/Colored
- Elastomeric/White
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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