Cool Roof Coatings Market 2019 Global Market Challenge, Driver, Trends & Forecast to 2024

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Cool Roof Coatings Market Report - Global
Forecast till 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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Cool Roof Coatings Market - 2024
Global Cool Roof Coatings Market Information
by Product Type (Elastomeric, IR Reflective),
Roof Slope (Steep-Sloped Roof, Low-Sloped Roof),
Application (Commercial, Residential,
Industrial), Region (Asia-Pacific, North America,
Europe) - Forecast till 2024
Global Cool Roof Coatings Market Synopsis The
Global Cool Roof Coatings Market was valued at
USD 3.3 million in 2018 and is expected to
register a CAGR of 7.2 from 2019 to 2024. Cool
roof coating is a fluid applied to the roofing
membrane, which helps to regulate temperature and
results in energy saving. The types of materials
that are used in cool roof coatings are
elastomeric and infrared (IR)reflective. Cool
roof coating fluids are gaining importance due to
the increasing need for energy conservation in
different regions across the globe. Also, cool
roof coatings help in lowering the interior
temperature by around 610C and roof surface
temperature by up to 60C. These coatings are
designed to reflect large amounts of sunlight,
naturally reducing the amount of heat absorbed by
the structure. The increasing electricity prices
have driven the industries to shift onto
alternative solutions. This factor has
contributed to the use of building energy saving
codes. Further, to cater to the rising demand in
various end-use industries, manufacturers of cool
roof coatings are focusing on producing advanced
cool roof coatings.
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Cool Roof Coatings Market - 2024
Market Players BASF SE (Germany), Akzo Nobel NV
(Netherlands), RPM International Inc. (US), The
Sherwin-Williams Company (US), Hempel A/S
(Denmark), The Dow Chemical Company (US), Wacker
Chemie AG (Germany), Sika AG (Switzerland),
Nippon Paint Holdings Co., Ltd (Japan), Valspar
(US), Nutech Paints (US), GAF (US), Monarch
Industries Ltd (Canada), and Excel Coatings
(India) are some of the key players operating in
the global cool roof coatings market. Segmental
Analysis The global cool roof coatings market
has been segmented on the basis of product type,
roof slope, application, and region. Based on
product type, the global cool roof coatings
market has been divided into elastomeric and IR
reflective. On the basis of roof slope, the
global cool roof coatings market has been
segregated in steep-sloped roof and low-sloped
roof By application, the global roof coatings
market has been classified into residential,
commercial, and industrial.
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Cool Roof Coatings Market - 2024
Regional Analysis The global roof coatings
market has been spanned across five regions,
namely Asia-Pacific, North America, Europe, Latin
America, and the Middle East Africa. The North
American market held the largest share of the
global roof coatings market in 2018. The
increasing use of roof coatings in commercial and
industrial segments is fueling the growth of the
roof coatings market in the region. The regional
market is projected to witness remarkable growth
during the forecast period. Asia-Pacific
accounted for the second-largest share ad was the
fastest growing market for cool roof coatings in
2018. Rapid urbanization in this region is
majorly contributing to the growth of the
regional market. The trend is expected to
continue during the review period. The European
market is expected to show remarkable growth
during the forecast period. The growth is
attributed to the growing healthcare industry,
and the increasing demand for roof coatings in
the healthcare industry to manage the temperature
of hospital structures and save energy. With the
increasing demand for cool roof coatings in the
residential sector, the Latin American market is
projected to register moderate growth during the
forecast period. The Middle East Africa is
expected to witness sluggish growth during the
review period, due to the increasing use of roof
coatings in residential and commercial
buildings. Intended Audience Manufacturers and
Producers of Cool Roof Coating Materials Traders
and Distributors of Cool Roof Coating
Materials Raw Material Suppliers Nationalized
Laboratories Research and Development
Organizations
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