Cool Roof Coating Market: Current Analysis and Forecast (2021-2027)

Cool Roof Coating Market: Current Analysis and Forecast (2021-2027)

The global cool roof coating market is likely to showcase a growth of around 7% during the forecast period. Cool roof coatings help in reflecting more sunlight than the conventional roof coating solutions, thereby improving the interior temperature of the building. According to the US Department of Energy, the conventional roof can reach temperatures of 150°F or more on a sunny summer afternoon, Sun. Under the same conditions, a reflective roof could stay more than 50°F cooler. This large difference created by the roof cooling solutions provides a better interior environment by lowering the flow of heat from the roof to the occupied space. Also, helps in saving energy and money in buildings with air conditioners, thereby increasingly attracting the consumers towards the cool roof coatings solutions. Further, the global investment in energy efficiency and electrification accounted for the second-largest share in the clean energy and energy efficiency investment, second after renewable power, and is likely to maintain the same trend over the forecast period, thus it is expected that it will benefit the market of cool roof coating, as this roof cooling solution helps in improving the energy efficiency by reducing the energy consumption.

Insights Presented in the Report
"Amongst type, the silicone-based cool roof coating held a prominent share in the market in 2020”

Based on type, the market is categorized into acrylic, silicone, polyurethane, and others. Among these, the silicone category accounted for a significant share in the market and is likely to showcase substantial growth over the forecast period. This can be attributed to its superior UV stability and resistance to ponding water. Further, they are less susceptible to colder temperatures and therefore have broader application settings than acrylic coatings.
 "Amongst applications, the industrial segment accounted for a considerable share”

Based on application, the market is categorized into commercial, residential, and industrial. Among these, the industrial segment captured a significant share of the market. As the industrial sector requires a large amount of energy, therefore, using roof coatings solutions aids in reducing the overall electricity expenditure. Further, to promote energy efficiency, the industrial sector is increasingly inclining toward cooling solutions including cool roofs.
"North America accounted for a substantial share in the global cool roof coating market”

For a better understanding of the market adoption of Cool Roof Coating, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America accounted for a prominent share in the market owing to government initiatives to promote green building and rising awareness among the consumers regarding the benefits of cool roofs.

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• Deep dive country-level analysis of the industry