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The global cool roof coating market is expected to reach a market size of USD 6.71 Billion at a steady CAGR of 7.7% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to rising government initiatives to support green building installation, a shift in consumer preference for long-lasting color coatings, rising energy consumption, and rising global warming, all of which has boosted the market\’s adoption of cool roof coatings. This trend is expected to continue during the forecast period.
Cool roof coatings include reflecting tiles, sheet coverings, and protective coatings that allow roofs to stay cooler, lowering building temperatures. Roofs are painted by white coatings or specific reflective pigments that reflect sunlight and protect surfaces from Ultraviolet (UV) rays, water corrosion, and chemical damage. Rising demand for energy savings and favorable government regulations regarding tax incentives, stimulate the need for green construction materials.
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Key Highlights from the Report
In April 2021, the Dow Chemical Company Ltd., world\’s premier materials science firm introduced VORASURF Silicone Surfactants, which are low cyclic and low volatile to help its customers handle expanding market interest in lightweight flexible foams. Formulators are searching for more innovative cell control solutions that offer lightweight, low emissions, and high comfort memory and traditional foams as a result of online mattress-in-a-box buying experience, which offers more customizable items delivered straight to their homes.
In April 2020, Sika Sarnafil, leading supplier of innovative adhesive and sealant solutions for automotive and commercial vehicles, introduced SikaTack ELITE and Sikaflex 268 PowerCure are two new revolutionary adhesive technologies for automobile glass repair applications. This unique solution was created to combine benefits of a two-component system with the simplicity and ease of use of a one-component product.
Water based segment accounted for largest revenue share in the cool roof coating market in 2020. Increasing number of contractors, specifies, and end-users need to fully comprehend performance requirements of systems as well as different technical, manufacturing, and installation difficulties that either ensure or compromise required performance.
Market revenue growth rate for low-sloped roofs is expected to accelerate substantially. Increased penetration of low-sloped roofing systems has resulted from increased awareness of necessity of green building construction, as well as strict rules regarding roofing materials for industrial and commercial structures.
Key Companies Profiled in the Report:
The Dow Chemical Company, Sika Sarnafil, Nutech Paints, KST Coatings, Nippon Paints Holdings Co. Ltd., Wacker Chemie AG, PPG Industries, Inc., Monarch Industries, Sherwin-Williams
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Emergen Research has segmented the global cool roof coating market on basis of technology, application, product, end-use, and region:
Technology Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Product Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers insightful information about the market dynamics of the Cool Roof Coating Market It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Cool Roof Coating Market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Flame Retardant Plastics market.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.emergenresearch.com/industry-report/cool-roof-coating-market/toc
Chapter 4. Cool Roof Coating Market Segmentation & Impact Analysis
4.1. Cool Roof Coating Market Material Segmentation Analysis
4.2.2.1. Change in consumer preference for long-lasting color coating
4.2.2.2. Rising energy consumption and increasing global warming
4.2.2.3. Increasing government initiative to support construction of green building
4.2.3.1. High cost associated with cool roof coating
4.2.3.2. Lack of skilled labor and customer awareness about the product
4.5. Porter’s Five Forces Analysis
Chapter 5. Cool Roof Coating Market By Technology Insights & Trends, Revenue (USD Billion)
5.1. Technology Dynamics & Market Share, 2018 & 2028
Chapter 6. Cool Roof Coating Market By Application Insights & Trends Revenue (USD Billion)
6.1. Application Dynamics & Market Share, 2018 & 2028
Chapter 7. Cool Roof Coating Market By Product Insights & Trends Revenue (USD Billion)
7.1. Product Dynamics & Market Share, 2018 & 2028
Chapter 8. Cool Roof Coating Market By End-use Insights & Trends, Revenue (USD Billion)
8.1. End-use Dynamics & Market Share, 2018 & 2028
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Finally, all aspects of the Cool Roof Coating Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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The post Cool Roof Coating Market Analysis by 2028 | Key Players -The Dow Chemical Company, Sika Sarnafil, Nutech Paints appeared first on Market O Graphics.
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