Global Cool Roof Coating Market Size, Trends & Growth Opportunity and By End-use (Residential, Commercial, and Industrial), By Application (Low-sloped and Steep-sloped), By Product (Elastomeric/White and IR Reflective/Colored), By Region and Forecast till 2027.
Global Cool Roof Coating Market
Global Cool Roof Coating Market is expected to grow from US 4,154.78 Million in 2021 to US 6,230.55 Million by 2027; it is estimated to grow at a CAGR of 5.96% from 2022 to 2027.
Drivers:
The effect of an "urban heat island" is increasing worse against the backdrop of dark-colored structures and streets, a lack of air conditioning, and green space, as housing and commercial development activity continue to surge. This has further increased energy demand and associated expenses in both commercial and residential building types. However, several cool roof coating schemes are being implemented globally, focusing on reducing the heat trapped through collaborating with neighborhood partners. Some of the most notable examples of cool roof programs in use today are NYC Cool Roofs, Toronto's Eco-Roof Incentive Program, Denver's Repeal and Replace of Green Roof Law, and India's national government's initiative on sustainable cooling through the National Cooling Action Plan.
Restraints:
Consumer preference is evolving away from temporary, quick-fix solutions and toward more durable, cost-effective coatings on the market. Industrialists and property managers are researching cool roof coatings' lifespan assessments. Although less expensive options can reduce costs, the unavoidable need for re-coating after three to five years ends up being significantly more expensive in terms of materials, labor, and time. Growth may soon be hampered by this aspect.
Opportunities:
The benefits of cool roof coatings include cost-effectiveness and high solar reflectivity, which reduce heat accumulation in business and residential buildings and lessen reliance on air conditioning, saving energy and reducing air pollution. Green construction materials are encouraged to be used, and the demand is expected to increase in the coming years due to increased consumer interest in energy efficiency and favorable tax benefits.
Impact of Covid-19
Covid-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. Some of the worst-affected nations include the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain. One of the primary businesses experiencing severe disruptions as a result of this pandemic is the chemicals and materials sector. Examples of these disruptions include supply chain interruptions, cancellation of technological events, and office closures. The global supply chain has been disrupted by the closure of numerous facilities and factories in important regions like North America, Europe, Asia Pacific, South America, and the Middle East & Africa, which has had a severe influence on the production, delivery schedules, and sales of various goods. Segmentation By End-use: Cool Roof Coating Market is classified based on End-use into Residential, Commercial, and Industrial.
Segmentation By Application: Cool Roof Coating Market is classified based on Application into Low-sloped and Steep-sloped.
Segmentation By Product: Cool Roof Coating Market is classified based on Product into Elastomeric/White and IR Reflective/Colored.
Segmentation By Region: Cool Roof Coating Market is classified based on Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: The key players of the Cool Roof Coating Market are Nutech Paint, The Valspar Corporation, and Nippon Paint (M) Sdn. Bhd., Sika AG, Monarch Industrial Products (I) Pvt. Ltd., Excel Coatings, Indian Insulation & Engineering, KST Coatings, DOW Inc., and GAF.
Industrial Development
• On May 2019, The Valspar Corporation partnered with B&Q, an operating subsidiary of Kingfisher plc, the third-largest DIY retail conglomerate in the world, to supply all 350 of its stores in the United Kingdom and Ireland with a complete line of premium Valspar paint. Valspar's footprint in the UK and Ireland will grow dramatically as a result of the cooperation, and consumers will have additional options for interior and exterior paints that can be custom-tinted to almost any color.
• On May 2019, As the most trusted brand in the industry by customers, Nippon Paint Malaysia (Nippon Paint) won its fourth consecutive Platinum Award for the Paint Category at the Reader's Digest Trusted Brand Awards 2019.
• On Sept 2017, DowDuPontTM announced that the merger of equals between The Dow Chemical Company ("Dow") and E.I. du Pont de Nemours & Company ("DuPont") was completed successfully on August 31, 2017. Under the name "DowDuPontTM," the united business operates as a holding company with three divisions: agriculture, materials science, and specialty products.
Market Taxonomy
By End-use
• Residential
• Commercial
• Industrial
By Application
• Low-sloped
• Steep-sloped
By Product
• Elastomeric/White
• IR Reflective/Colored
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Cool Roof Coating Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Cool Roof Coating Market
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Product
3. Executive Summary
4. Global Cool Roof Coating Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Cool Roof Coating Market, By End-use
5.1 Y-o-Y Growth Comparison, By End-use
5.2 Global Cool Roof Coating Market Share Analysis, By End-use
5.3 Global Cool Roof Coating Market Size and Forecast, By End-use
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial
6. Global Cool Roof Coating Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Cool Roof Coating Market Share Analysis, By Application
6.3 Global Cool Roof Coating Market Size and Forecast, By Application
6.3.1 Low-sloped
6.3.2 Steep-sloped
7. Global Cool Roof Coating Market, By Product
7.1 Y-o-Y Growth Comparison, By Product
7.3 Global Cool Roof Coating Market Share Analysis, By Product
7.3 Global Cool Roof Coating Market Size and Forecast, By Product
7.3.1 Elastomeric/White
7.3.2 IR Reflective/Colored
8. Global Cool Roof Coating Market, By Region
8.1 Global Cool Roof Coating Market Share Analysis, By Region
8.2 Global Cool Roof Coating Market Size and Forecast, By Region
8.2 Global Cool Roof Coating Market Size and Forecast, By Region
9. Global Cool Roof Coating Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Global Cool Roof Coating Market Share Analysis, By End-use
9.3 Global Cool Roof Coating Market Size and Forecast, By Application
9.4 Global Cool Roof Coating Market Size and Forecast, By Product
9.5 Global Cool Roof Coating Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.5.4 Turkey
9.5.5. Switzerland
9.5.6 Norway
9.5.7 Sweden
9.5.8 Spain
9.5.9. Denmark
9.5.10 Finland
9.5.11 Iceland
9.5.12 Poland
9.5.13 Luxembourg
9.5.14 Netherlands
9.5.15 Belgium
10. Competitive Analysis
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11. Company Profiles
11.1 Nutech Paint
11.1. Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 End-use Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2 The Valspar Corporation
11.2.1. Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 End-use Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3. Nippon Paint (M) Sdn. Bhd
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 End-use Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4. Sika AG
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 End-use Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5. Monarch Industrial Products (I) Pvt. Ltd.
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 End-use Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6. Excel Coatings
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 End-use Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7. Indian Insulation & Engineering
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 End-use Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8. KST Coatings
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 End-use Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9. DOW Inc.,
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 End-use Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies
11.10. GAF
11.10.1 Overview
11.10.2 Offerings
11.10.3 Key Financials
11.10.4 End-use Segment & Geographic Overview
11.10.5 Key Market Developments
11.10.6 Key Strategies
