The cooling roof coatings market is estimated at USD 4.5 billion in 2022 and is projected to reach USD 8.3 billion by 2032 , growing at a CAGR of 6.8% during 2022-2032 .
Of the overall paints and coatings industry, cool roof coatings accounted for approximately 3% share as of 2021, says market research and competitive intelligence provider Fact.MR.
Rapid adoption of green building laws in developed and developing countries across the globe is expected to boost the demand for cooling roof coatings. Growing concerns about energy consumption and carbon emissions are encouraging governments to support the establishment of green buildings. Positive factors are expected to open up the cool roof coatings market over the forecast period.
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Key Findings of the Cooling Roof Coatings Market Study:
- Regional analysis of Cool Roof Coatings Market based on pre-defined classifications.
- Innovative manufacturing processes implemented by Art suppliers are detailed.
- Regional and country segmentation of the Cool Roof Coating Market to uncover revenue and growth prospects in this area.
- Changing consumer preferences in different regions and countries.
- Factors affecting the growth of the Cool Roof Coatings Market (both positive and negative).
competitive landscape
Cool Roof Coatings market competitive landscape includes top players including Sherwin Williams , Valspar Corporation, Nippon Paints, Monarch Industries, GAF Materials, DowDupont , Nutech Paints, Excel Coatings, PPG Industries Inc., Akzo Nobel, Sika AG, BASF SE, Asian Paints Ltd. Shows the manufacturer. ., National, Coating Corporation and Kansai Paints Co. Ltd.
Revenue in the cold roof coatings market will be concentrated among Tier 2 players, which currently account for more than 50% of total cold roof coatings sales worldwide .
Nutech Coatings and Kansai Paints Co. Ltd, have strengthened their presence in Asia Pacific and Europe. Advertising and marketing campaigns are a major expansion strategy for Tier 2 players to increase brand awareness among end users.
Tier 1 manufacturers of cool roof coatings will account for nearly 38% market share in 2021, owing to strong distribution channels and economic vitality .
Fancy Roof Coatings Market Key Segments
- by roof type
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- low slope
- steep slope
- By material type
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- elastomeric plastics
- silicon
- tile
- rail
- by technology
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- Mercury
- solvent based
- by application
-
- dwelling
- advertisement
- hospitality
- health care
- by region
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- North America
- Latin America
- europe
- East Asia
- South Asia and Oceania
- Middle East Africa
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The queries covered in the Cooling Roof Coatings Market report:
- Why are Cool Roof Coating Market players targeting regions for increasing product sales?
- What patented technologies are players utilizing in the global Cool Roof Coatings market?
- Which region is exhibiting the fastest growth in the Cool Roof Coatings market?
- What are the fundamental microeconomic factors impacting the global Cool Roof Coatings market?
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