Cool Roof Coatings Market is Expected to Surpass the value US$ 780.9 Mn By 2031

𝐂𝐨𝐨𝐥 𝐑𝐨𝐨𝐟 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global cool roof coatings market was valued at US$ 402.8 Mn in 2021
It is estimated to grow at a CAGR of 6.8% from 2022 to 2031
The global cool roof coatings market is expected to reach US$ 780.9 Mn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -https://www.transparencymarketresearch.com/cool-roof-coatings-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐂𝐨𝐨𝐥 𝐑𝐨𝐨𝐟 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Cool roof coatings are a combination of organic and inorganic chemistry. They reflect, scatter, or absorb radiation. These coatings offer a simple solution to increase building endurance and save costs for building owners. Cool roof coatings reduce interior temperature by 6°C to 10°C and roof surface temperature by up to 60°C. They help protect roof from degradation through weathering, reduce maintenance requirements, and extend the life of roofing systems. Cool roof coatings are extensively used in various commercial, industrial, and residential structures, as they provide protection against harsh climatic conditions. These coatings play a vital role in warehouses, factories, residential units, and commercial building units.

𝐄𝐟𝐟𝐨𝐫𝐭𝐬 𝐭𝐨 𝐑𝐞𝐝𝐮𝐜𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐂𝐨𝐨𝐥 𝐑𝐨𝐨𝐟 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The demand for energy-saving building materials is rising. These materials are used to renovate commercial buildings and new homes. Cool roof coatings provide secure and improved structures. They also promote environmental and economic sustainability.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47445

Cool roof coating is a lucrative segment of the building materials market that is gaining momentum in the roofing industry. Cool metal roofs help lower annual energy costs by 40%. Pre-painted or granular-coated metal roofing systems are preferred for homes in warmer climates, as these reflect solar energy and re-emit most of the absorbed solar radiation.

Highly reflective and emissive painted or granular-coated metal roofs provide optimal energy consumption and can re-emit up to 90% of absorbed solar radiation.

Cool roof coatings transfer less heat to buildings. Thus, buildings remain cooler and use less energy for air conditioning. Cool roof coatings also help reduce air pollution and greenhouse gas emissions from air conditioning systems. Furthermore, they enhance the durability of roofs, and reduce building cooling loads and the urban heat island effect.

𝐄𝐧𝐚𝐜𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 𝐅𝐚𝐯𝐨𝐫𝐚𝐛𝐥𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐑𝐨𝐨𝐟𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

The roofing industry is projected to grow moderately in emerging economies during the forecast period due to governmental support in the form of subsidies and tax benefits for construction activities. Governments of developing and developed countries are encouraging citizens (through incentives) to replace their existing roofs with energy-efficient ones. Homeowners who have invested in energy-efficient roofing systems can take advantage of tax credits. For instance, the U.S. Government provides 10% exemption on federal tax if ENERGY STAR certified metal and asphalt roofs with pigmented coatings or cooling granules are installed. This is expected to drive the cool roof coatings market across the globe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=47445

𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐥𝐚𝐬𝐭𝐨𝐦𝐞𝐫𝐢𝐜 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐭𝐨 𝐆𝐫𝐨𝐰 𝐢𝐧 𝐂𝐨𝐨𝐥 𝐑𝐨𝐨𝐟 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Based on type, the global cool roof coatings market has been divided into IR reflective and elastomeric. The elastomeric segment dominated the global cool roof coatings market in 2021. The segment is likely to remain highly lucrative during the forecast period. Elastomeric coatings offer several benefits. They help extend the life of existing roofs; prevent the roof surface from deteriorating effects of the sunlight; and reduce chances of developing cracks and bubbles.

Elastomeric coatings are long lasting; and can adapt well to climatic conditions in any season. During summers, elastomeric coatings expand in warmer hours of the day and contract during colder hours. In winters, elastomeric coatings return to their original size, which lets the roof maintain its flexibility and not give way to issues such as bubbles, cracks, or any other surface damage.

The IR reflective coating segment is also likely to be lucrative during the forecast period, as these coatings offer several advantages. They help control the temperature in homes and warehouses efficiently. They are also beneficial in all seasons.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐨𝐥 𝐑𝐨𝐨𝐟 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

North America held the largest volume share of 66.4% of the global cool roof coatings market in 2021. Sales of cool roof coatings were high in North America in 2021, primarily due to the increase in number of retrofitting projects and rise in focus on energy-efficient roof installation in the region.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=47445

Europe and Asia Pacific are also large consumers of cool roof coatings. These regions held value share of 21.3% and 10.8%, respectively, of the global market in 2021. Asia Pacific is anticipated to be an attractive region in the global market during the forecast period. This can be largely ascribed to the rise in awareness about energy consumption and growth in governmental investments in the energy-efficient building & construction industry in the region.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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