New York, NY 25 June 2021: 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. The global cool roof coatings market is anticipated to witness a positive leap on the growth as the consumer awareness concerning products with lesser environmental impact grows rapidly along with the changing demographics.
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. It also helps in the reduction of costs concerning energy. Cool roof coatings help in mitigating the harmful UV radiation affects and structural deformations which might occur due to fluctuations in temperature.
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Technology advancements and material development have played as significant part in the growth of cool roof technologies. With the emergence of new polymers containing lower volatile organic compound (VOC) are anticipated to contribute to product demand as an environmental-friendly alternative. Regulations concerning limited or no quantity of VOC content in paints & coatings is expected to strengthen the demand of cool roof coatings market. Silicon based cool roof coatings are among the latest innovations.
Green buildings demand has also risen sharply, wherein green buildings incorporate unique construction features ensuring effective use of water and energy. These are characterized as those providing the required building performance during the whole building life-cycle coupled with minimizing consumption of conventional energy sources. Green buildings are certified as per programs such as Leadership in Energy and Environmental Design (LEED) which have further resulted in growth of environmentally-friendly coatings such as cool roof.
North America is the largest regional market for the cool roof coatings followed by Europe. Increasing consumer preference and supportive government policies for curbing carbon footprint in North America is the major growth factor for the growth of cool roof coatings in the region. Asia Pacific is likely to witness the fastest growth during the forecast period on account of increasing demand from its growing economies such as India and Southeast Asian countries. China is expected to witness fast growth in demand due to extensive implementation of green building codes.
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The global cool roof coatings market is highly competitive and is characterized by high degree of integration across the manufacturing stage and distribution. Some of the key reclaimed rubber market players KST Coatings (Sherwin-Williams), DowDupont, Nippon Paints, KST Coatings (Sherwin-Williams), Monarch Industries, Sika Sarnafil, Nutech Paints, Valspar Corporation, GAF Materials, and Excel Coatings.
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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.
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.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/cool-roof-coatings-market/request-sampleThe 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.
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.
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