Mar 03, 2020: The global Cool Roof Coating market size is anticipated to reach USD 6.22 billion by 2027, exhibiting a revenue-based CAGR of 7.1% over the forecast period, according to a new report published by Grand View Research, Inc. Rising developments in the residential and industrial sectors are expected to positively impact the demand. Cool roof coatings reduce the heat buildup within the buildings, thus improving their performance and reducing the overall maintenance cost.
The commercial application segment is projected to expand at a CAGR of 6.8%, in terms of revenue, over the forecast period. Rising spending on construction of commercial stores, shopping malls, warehouses, institutions, hospitals, and other similar projects owing to surge in the Purchasing Power Parity (PPP) in regions such as North America, Asia Pacific, and Europe is anticipated to drive the demand for cool roof coatings from commercial segment in the forthcoming years.
Why Cool Roof Coating:
Cool Roof Coating Systems is similar to how sunscreen protects our skin from the sun; it prevents sunlight degradation from occurring, blocking the damaging UV rays from the roofs surface, protecting it and extending its lifespan also improve the aesthetics of the roof.
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The demand from industrial application segment is dominated by rising demand from the food industry, chemical processing, and manufacturing industries. The demand from these industries is expected witness growth during the forecast period due to heat reflectance, temperature resistance, and other beneficial properties of cool roof coatings. Rapid industrialization, along with the growth of infrastructure and manufacturing sectors boosted by the investment from both private and public sectors is projected to positively influence the industrial cool roof coating market over the forecast period.
IR Reflective coatings emerged as the fastest growing product segment and is expected to expand a CAGR of 7.5%, in terms of revenue, over the forecast period. Rising application in the residential and industrial buildings to reduce the energy cost is expected to fuel the segment growth. These type of coatings exhibit special heat-reflective ability that reflects harmful infrared rays and UV rays back into the atmosphere and thus reduce the heat generation inside the building.
Favorable government regulations and initiatives such as Leadership in Energy and Environmental Design (LEED) rating system and Title 24 Building Energy Efficiency Code standards, to lower energy consumption, are anticipated to propel the product demand over the forecast period.
North America led the global cool roof coatings market in 2019 owing to increasing demand from residential and non-residential construction projects, such as hospitals, schools, and colleges. The implementation of the Affordable Healthcare Act in U.S. has triggered the construction of healthcare units and hospitals. The rising population is expected to further boost the construction of office spaces, industrial plants, schools, and colleges, thereby, driving the demand for cool roof coatings in the construction sector.
Further key findings from the repot suggest:
- Asia Pacific is expected to be the fastest growing cool roof coatings market during the forecast period
- Low-sloped application occupied the largest revenue share on account of rising demand for the construction of residential rooftop due to low installation costs with low maintenance property
- Elastomeric product type held the dominant market share of 65% in 2019, owing to rising demand for environment-friendly and energy saving products and solutions
- Key market players include PPG Industries, Sika AG, GAF, The Valspar Corporation, and NIPPON PAINT (M) SDN. BHD
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
3.1 Cool roof coatings- Industry snapshot
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation
4.2 Market size and growth prospects
4.3 Cool roof coatings value chain analysis
4.4 Cool roof coatings market dynamics
4.4.1 Market driver analysis
4.4.1.1 Reduction in energy consumption
4.4.1.2 Favorable regulations
4.4.2 Market restraint analysis
4.4.2.1 Limitations of cool coatings
4.5 Industry analysis - Porter's
4.6 Cool roof coatings PESTEL analysis
Chapter 5 Cool Roof Coatings Market: Product Estimates & Trend Analysis
5.1 Cool roof coatings market share by product, 2020 & 2027
5.2 Global cool roof coatings demand by product 2016 - 2027 (Kilo liters) (USD Million)
5.2.1 Elastomeric
5.2.1.1 Market estimates and forecast, 2016 - 2027 (Kilo liters) (USD Million)
5.2.1.2 Market estimates and forecast, by region 2016 - 2027 (Kilo liters) (USD Million)
5.2.2 IR Reflective
5.2.2.1 Market estimates and forecast, 2016 - 2027 (Kilo liters) (USD Million)
5.2.2.2 Market estimates and forecast, by region 2016 - 2027 (Kilo liters) (USD Million)
Continued…………….
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The statistical surveying report on the global Cool Roof Coatings Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.The global cool roof coatings market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
The cool roof coatings industry is highly competitive and consists of several large firms with a global presence and many smaller firms serving local or regional markets.
Of the major players of cool roof coatings, PPG maintained its world’s largest position.
The latest trending report Global Cool Roof Coatings Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Cool Roof Coatings market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Cool Roof Coatings industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Cool Roof Coatings and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/25498-cool-roof-coating-market-analysis-reportThe major players covered in Cool Roof Coatings are:PPGRPMDowDuPontSherwin-WilliamsPolyglassGardner-GibsonBASF SEDuluxGroupGAFSelenaKarnakNational CoatingsAlco Products, LLCEVERROOFHenry CompanyEPOX-Z CorporationGaco WesternBy Type, Cool Roof Coatings market has been segmented intoAcrylic Cool Roof CoatingsSilicone Cool Roof CoatingsAluminum Cool Roof CoatingsOthersBy Application, Cool Roof Coatings has been segmented into:Residential BuildingCommercial BuildingEducation BuildingHealthcare BuildingOthersThe report offers in-depth assessment of the growth and other aspects of the Cool Roof Coatings market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Cool Roof Coatings Market @ https://www.decisiondatabases.com/contact/download-sample-25498The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Cool Roof Coatings product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Cool Roof Coatings, with price, sales, revenue and global market share of Cool Roof Coatings in 2018 and 2019.Chapter 3, the Cool Roof Coatings competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Cool Roof Coatings breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Cool Roof Coatings market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Cool Roof Coatings sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Cool Roof Coatings Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-25498All Coatings Related Reports by DecisionDatabases.com @ https://goo.gl/JEYn74About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The global Cool Roof Coatings Market is forecast to reach USD 6.84 Billion by 2027, according to a new report by Reports and Data.
Rising developments in both the residential and manufacturing sectors are projected to affect demand positively.
Also, growing environmental destruction as a result of greenhouse gases in the stratosphere and the need to improve the energy efficiency led to an increase in the consumer's tilt towards the cool roof market.The COVID-19 pandemic has drastically altered the sectors of all the industry verticals across the world and has dynamically changed the economic scenario of the Cool Roof Coatings market.
The report is furnished with extensive data on the market scenario and financial structure owing to the coronavirus pandemic.
The report covers extensive analysis of present and future trends and the factors that are likely to influence the growth of the market in a post-pandemic scenario.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3343The report aims to help readers and users improve their business performances by providing insightful data about the business sphere, such as recent technological development, product advancements, adoption of strategic business steps, and new processes.
The report is formulated through exhaustive primary and secondary research which is verified and validated by industry experts, efficient analysts, and professionals.The report offers an extensive analysis of the competitive landscape along with business overviews, expansion plans, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product and brand promotions, government and corporate deals, and partnerships, among others.Leading Players Analyzed in the Report:Sika AG, Nutech Paint, The Valspar Corporation, Dow Inc., Excel Coatings, GAF, KST Coatings, Indian Insulation & Engineering, PPG Industries, Inc., and Huntsman International LLC, among othersProduct Outlook (Revenue, USD Billion; 2017-2027)ElastomericIR ReflectiveApplication Outlook (Revenue, USD Billion; 2017-2027)Steep-slopedLow-sloped roofsEnd-use Outlook (Revenue, USD Billion; 2017-2027)ResidentialCommercialIndustrialRequest a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3343Key Regions Studied in the Report: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)The Global Cool Roof Coatings Market imparts a deeper understanding of the Cool Roof Coatings market by providing a panoramic view of the industry vertical.
The global cool roof coatings market is expected to reach USD 5.95 billion by 2026 and is estimated to grow at a CAGR of 6.8 % from 2018 to 2026.
Cool roof coatings have increasingly gained significance in the growing green construction sector on account of their efficient energy performance and and being a comfort alternative for consumers.
Cool roof coatings help to reduce the increased temperature due to the heat from that gets trapped inside the buildings.
Thus, results in lower dependency on energy-consuming equipment such as air conditioners.
Regulations concerning limited or no quantity of VOC content in paints & coatings is expected to strengthen the demand of cool roof coatings market.
Green buildings demand has also risen sharply, wherein green buildings incorporate unique construction features ensuring effective use of water and energy.
