Cool Roof Coatings Market Size, Share & Trends Analysis Report By Product (Elastomeric, IR Reflective), By Application (Low-sloped, Steep-sloped), By End-use, By Region, And Segment Forecasts, 2023

The global cool roof coatings market size is expected to reach USD 7.02 billion by 2030, registering a CAGR of 7.2% during the forecast period, according to a new report 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.

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 the commercial segment in the forthcoming years.

The demand from the industrial application segment is dominated by rising demand from the food industry, chemical processing, and manufacturing industries. The demand from these industries is expected to 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 are expected to expand a CAGR of 7.6%, 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 types of coatings exhibit a special heat-reflective ability that reflects harmful infrared rays and UV rays back into the atmosphere and thus reduces the heat generation inside the building.

Favorable government regulations and initiatives such as the 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 2022 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 the 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.

Cool Roof Coatings Market Report Highlights:

The 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 67.1% in 2022, owing to rising demand for environment-friendly and energy-saving products and solutions.

Product Code: GVR-1-68038-177-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. End-use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.2.3. End-use
- 2.2.4. Regional scope
2.3. Competitive Insights

Chapter 3. Cool Roof Coatings Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
3.6. Cool Roof Coatings Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
  - 3.6.1.1. Supplier power
  - 3.6.1.2. Buyer power
  - 3.6.1.3. Substitution threat
  - 3.6.1.4. Threat of new entrant
  - 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
  - 3.6.2.1. Political landscape
  - 3.6.2.2. Technological landscape
  - 3.6.2.3. Economic landscape
  - 3.6.2.4. Social landscape
  - 3.6.2.5. Environmental landscape
  - 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Cool Roof Coatings: Product Estimates & Trend Analysis

5.1. Cool Roof Coatings Market: Key Takeaways
5.2. Cool Roof Coatings Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Elastomeric
- 5.3.1. Elastomeric market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)
5.4. IR Reflective
- 5.4.1. IR Reflective market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)

Chapter 6. Cool Roof Coatings: Application Estimates & Trend Analysis

6.1. Cool Roof Coatings Market: Key Takeaways
6.2. Cool Roof Coatings Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Low-sloped
- 6.3.1. Slow-sloped market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)
6.4. Steep-sloped
- 6.4.1. Steep-sloped market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)

Chapter 7. Cool Roof Coatings: End-use Estimates & Trend Analysis

7.1. Cool Roof Coatings Market: Key Takeaways
7.2. Cool Roof Coatings Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Residential
- 7.3.1. Residential market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)
7.4. Commercial
- 7.4.1. Commercial market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)
7.5. Industrial
- 7.5.1. Industrial market estimates and forecasts, 2018 to 2030 (Kilo Liters, USD Million)

Chapter 8. Cool Roof Coatings Market: Regional Estimates & Trend Analysis

8.1. Regional Outlook
8.2. Cool Roof Coatings Market by Region: Key Takeaway
8.3. North America
- 8.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.3.2. U.S.
  - 8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.3.3. Canada
  - 8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.3.4. Mexico
  - 8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
8.4. Europe
- 8.4.1. UK
  - 8.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.4.2. Germany
  - 8.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.4.3. France
  - 8.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.4.4. Italy
  - 8.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.4.5. Spain
  - 8.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
8.5. Asia Pacific
- 8.5.1. China
  - 8.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.5.2. Japan
  - 8.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.5.3. India
  - 8.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.5.4. South Korea
  - 8.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
8.6. Central & South America
- 8.6.1. Argentina
  - 8.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.6.2. Brazil
  - 8.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
8.7. Middle East & Africa
- 8.7.1. South Africa
  - 8.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)
- 8.7.2. Saudi Arabia
  - 8.7.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Liters; Revenue, USD Million)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
- 9.2.1. NuTech Paint
  - 9.2.1.1. Company overview
  - 9.2.1.2. Financial performance
  - 9.2.1.3. Product benchmarking
  - 9.2.1.4. Strategic initiatives
- 9.2.2. Valspar
  - 9.2.2.1. Company overview
  - 9.2.2.2. Financial performance
  - 9.2.2.3. Product benchmarking
  - 9.2.2.4. Strategic initiatives
- 9.2.3. NIPPON PAINT (M) SDN. BHD.
  - 9.2.3.1. Company overview
  - 9.2.3.2. Financial performance
  - 9.2.3.3. Product benchmarking
  - 9.2.3.4. Strategic initiatives
- 9.2.4. Sika AG
  - 9.2.4.1. Company overview
  - 9.2.4.2. Financial performance
  - 9.2.4.3. Product benchmarking
  - 9.2.4.4. Strategic initiatives
- 9.2.5. Monarch Industrial Products India Private Limited
  - 9.2.5.1. Company overview
  - 9.2.5.2. Financial performance
  - 9.2.5.3. Product benchmarking
  - 9.2.5.4. Strategic initiatives
- 9.2.6. Excel Coatings
  - 9.2.6.1. Company overview
  - 9.2.6.2. Financial performance
  - 9.2.6.3. Product benchmarking
  - 9.2.6.4. Strategic initiatives
- 9.2.7. Indian Insulation & Engineering
  - 9.2.7.1. Company overview
  - 9.2.7.2. Financial performance
  - 9.2.7.3. Product benchmarking
  - 9.2.7.4. Strategic initiatives
- 9.2.8. KST Coatings
  - 9.2.8.1. Company overview
  - 9.2.8.2. Financial performance
  - 9.2.8.3. Product benchmarking
  - 9.2.8.4. Strategic initiatives
- 9.2.9. Dow
  - 9.2.9.1. Company overview
  - 9.2.9.2. Financial performance
  - 9.2.9.3. Product benchmarking
  - 9.2.9.4. Strategic initiatives
- 9.2.10. GAF
  - 9.2.10.1. Company overview
  - 9.2.10.2. Financial performance
  - 9.2.10.3. Product benchmarking
  - 9.2.10.4. Strategic initiatives
- 9.2.11. Huntsman International LLC
  - 9.2.11.1. Company overview
  - 9.2.11.2. Financial performance
  - 9.2.11.3. Product benchmarking
  - 9.2.11.4. Strategic initiatives
- 9.2.12. PPG Industries, Inc
  - 9.2.12.1. Company overview
  - 9.2.12.2. Financial performance
  - 9.2.12.3. Product benchmarking
  - 9.2.12.4. Strategic initiatives

Product Code: GVR-1-68038-177-1

List of Tables

Table 1 List of abbreviation
Table 2 North America cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 3 North America cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 4 North America cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 5 North America cool roof coatings market, by region, 2018 - 2030 (Kilo Liters, USD Million)
Table 6 U.S. cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 7 U.S. cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 8 U.S. cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 9 Canada cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 10 Canada cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 11 Canada cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 12 Mexico cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 13 Mexico cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 14 Mexico cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 15 Europe cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 16 Europe cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 17 Europe cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 18 Europe cool roof coatings market, by region, 2018 - 2030 (Kilo Liters, USD Million)
Table 19 UK cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 20 UK cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 21 UK cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 22 Germany cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 23 Germany cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 24 Germany cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 25 France cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 26 France cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 27 France cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 28 Italy cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 29 Italy cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 30 Italy cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 31 Spain cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 32 Spain cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 33 Spain cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 34 Asia Pacific cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 35 Asia Pacific cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 36 Asia Pacific cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 37 Asia Pacific cool roof coatings market, by region, 2018 - 2030 (Kilo Liters, USD Million)
Table 38 China cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 39 China cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 40 China cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 41 Japan cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 42 Japan cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 43 Japan cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 44 India cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 45 India cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 46 India cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 47 South Korea cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 48 South Korea cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 49 South Korea cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 50 Central & South America cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 51 Central & South America cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 52 Central & South America cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 53 Central & South America cool roof coatings market, by region, 2018 - 2030 (Kilo Liters, USD Million)
Table 54 Argentina cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 55 Argentina cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 56 Argentina cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 57 Brazil cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 58 Brazil cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 59 Brazil cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 60 Middle East and Africa cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 61 Middle East and Africa cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 62 Middle East and Africa cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 63 Middle East and Africa cool roof coatings market, by region, 2018 - 2030 (Kilo Liters, USD Million)
Table 64 Saudi Arabia cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 65 Saudi Arabia cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 66 Saudi Arabia cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)
Table 67 South Africa cool roof coatings market, by product, 2018 - 2030 (Kilo Liters, USD Million)
Table 68 South Africa cool roof coatings market, by application, 2018 - 2030 (Kilo Liters, USD Million)
Table 69 South Africa cool roof coatings market, by end-use, 2018 - 2030 (Kilo Liters, USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Cool roof coatings: Market outlook
Fig. 9 Cool roof coatings: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Cool roof coatings market driver impact
Fig. 15 Cool roof coatings market restraint impact
Fig. 16 Cool roof coatings market strategic initiatives analysis
Fig. 17 Cool roof coatings market: Product movement analysis
Fig. 18 Cool roof coatings market: Product outlook and key takeaways
Fig. 19 Elastomeric market estimates and forecasts, 2018 - 2030
Fig. 20 IR Reflective market estimates and forecasts, 2018 - 2030
Fig. 21 Cool roof coatings market: Application movement analysis
Fig. 22 Cool roof coatings market: Application outlook and key takeaways
Fig. 23 Low-sloped market estimates and forecasts, 2018 - 2030
Fig. 24 Steep-sloped market estimates and forecasts, 2018 - 2030
Fig. 25 Cool roof coatings market: End-use movement analysis
Fig. 26 Cool roof coatings market: End-use outlook and key takeaways
Fig. 27 Residential market estimates and forecasts, 2018 - 2030
Fig. 28 Commercial market estimates and forecasts, 2018 - 2030
Fig. 29 Industrial market estimates and forecasts, 2018 - 2030
Fig. 30 Global cool roof coatings market: Regional movement analysis
Fig. 31 Global cool roof coatings market: Regional outlook and key takeaways
Fig. 32 North America market estimates and forecasts, 2018 - 2030
Fig. 33 U.S. market estimates and forecasts, 2018 - 2030
Fig. 34 Canada market estimates and forecasts, 2018 - 2030
Fig. 35 Mexico market estimates and forecasts, 2018 - 2030
Fig. 36 Europe market estimates and forecasts, 2018 - 2030
Fig. 37 UK market estimates and forecasts, 2018 - 2030
Fig. 38 Germany market estimates and forecasts, 2018 - 2030
Fig. 39 France market estimates and forecasts, 2018 - 2030
Fig. 40 Italy market estimates and forecasts, 2018 - 2030
Fig. 41 Spain market estimates and forecasts, 2018 - 2030
Fig. 42 Belgium market estimates and forecasts, 2018 - 2030
Fig. 43 Russia market estimates and forecasts, 2018 - 2030
Fig. 44 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 45 China market estimates and forecasts, 2018 - 2030
Fig. 46 Japan market estimates and forecasts, 2018 - 2030
Fig. 47 India market estimates and forecasts, 2018 - 2030
Fig. 48 South Korea market estimates and forecasts, 2018 - 2030
Fig. 49 Southeast Asia market estimates and forecasts, 2018 - 2030
Fig. 50 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 51 Argentina market estimates and forecasts, 2018 - 2030
Fig. 52 Brazil market estimates and forecasts, 2018 - 2030
Fig. 53 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 54 South Africa market estimates and forecasts, 2018 - 2030
Fig. 55 Saudi Arabia market estimates and forecasts, 2018 - 2030

Cool Roof Coatings Market Size, Share & Trends Analysis Report By Product (Elastomeric, IR Reflective), By Application (Low-sloped, Steep-sloped), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Cool Roof Coatings Market Growth & Trends:

Cool Roof Coatings Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Cool Roof Coatings Market Variables, Trends & Scope

Chapter 4. Supplier Portfolio Analysis

Chapter 5. Cool Roof Coatings: Product Estimates & Trend Analysis

Chapter 6. Cool Roof Coatings: Application Estimates & Trend Analysis

Chapter 7. Cool Roof Coatings: End-use Estimates & Trend Analysis

Chapter 8. Cool Roof Coatings Market: Regional Estimates & Trend Analysis

Chapter 9. Competitive Landscape

List of Tables

List of Figures