Tier 2 Players Continue to Rein Cool Roof Coating Sales with over 50% Share Forecast 2018 to 2027

The market study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.

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A new Fact.MR study foresees promising growth prospects for the cool roof coating market, with a volume increase in 2018 over 2017 estimated at nearly 39,000 MT. Cool roof coatings have emerged as effective remedy to urbanization challenges, with elevating energy demand and scorching temperatures across tropical and subtropical regions. Additionally, cool roof coatings significantly aid in offsetting strain on electric grids owing to increasing demand for cooling and air conditioning abreast rising living standards.

Elastomeric plastic has traditionally reigned supreme among roofing materials in the cool roof coating market. Over 6 in 10 MT of cool roof coatings seek demand from these roofing materials, with global sales estimated at over 400,000 MT in 2018. Relative superiority of elastomeric plastic in terms of performance over its counterparts, such as tiles and metals, continues to underpin its supremacy in the cool roof coating market.

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Gains Remain Relatively Larger from Low-Sloped Roofs

Fact.MR study estimates cool roof coating sales for low-sloped roofs to exceed 395,000 MT in 2018. Low-sloped roofs are a common visual in industrial and commercial buildings, and as construction activities in these sectors continue on an upward spiral alongside urbanization, demand for cool roof coatings for low-sloped roofs will remain significant. Additionally, implementation of regulations for roofing materials and green building codes apropos industrial and commercial structures have led to higher demand for cool roof coatings as a result.

“Steep-sloped roofs are majorly observed in individual homes, particularly in countries with high snowfall and rainfall. Lower maintenance required in these in light of their structural advantage has resulted in comparatively lower penetration of cool roof coatings than in low-sloped roofs. However, the advent of advanced techniques and quick-drying colored coatings have attracted various consumers to use cool roof coatings, to curtail expenditure on energy in summers,” says a lead analyst at Fact.MR.

Pivotal Role of Cool Roof Coatings in Urban Resilience

As impacts of climate change become increasingly visible, investment in sustainable technologies have spurred worldwide for improving resilience of cities. Application of cool roof coating to complement a building structure’s environmental performance along with installations of solar panels continues to gain high focus among prominent cities across the globe. Several cool roof programs by local authorities worldwide such as Eco-Incentive Roof Program (Toronto), and NYC Cool Roofs, have further created significant demand for cool roof coating in the recent past.

Cool roof coating have gained paramount importance as a key solution to reduce urban heat island effect, combat climate change, and improve the air quality. Reduction in peak load on electric grids that leads to increased energy access, and enhanced community resilience to high temperatures are key benefits of cool roof coating, which continue to uphold its market growth.

The cool roof coating market is primarily characterized by the presence of multinational companies, which have robust distribution channels and higher brand visibility. Fact.MR’s study states that these players collectively account for over one-fourth share of the cool roof coating market. However, majority share of the cool roof coating market, over 50% is expected to remain hinged collectively at the cluster of Tier 2 players.

The regional players, such as GAF Materials Corporation, and Nippon Paint Holdings Co. Ltd., have established presence in emerging markets such as Asia-Pacific, as the region hold significant latent opportunities for the industry. China remains the most lucrative country for sales of cool roof coatings, with global sales estimated at nearly 220,000 MT in 2018.

Fact.MR report also offers forecast on the cool roof coating market for the period between 2018 to 2028, with an impressive CAGR of over 6% foreseen for the market during the period.

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The Cool Roof Coating Market research answers important questions, including the following:

1. Why Cool Roof Coating Market players are focusing on the business expansion in region?
2. Which regulatory authorities have granted approval to the application of Cool Roof Coating Market
3. What are the pros and cons of the Cool Roof Coating Market the environment?
4. Why players are targeting the production of segment?
5. What are the strategies implemented by emerging players in the global Cool Roof Coating Market?

Highlighted points of Cool Roof Coating Market Report:

• Covers the varying market dynamics of the industry.
• In-depth analysis of market risks, opportunities, limitations, and growth of the market.
• Includes market driving and restraining factors.
• Participants profiles along with product description, overview, and business data.
• Include details of five years of forecast analysis by types, regions, and applications.Why choose Fact.MR?

We carry immense pride in saying that our work is recognized by 150+ countries worldwide. Our experience is conveyed by the fact that we have published 6, 000+ reports, thanks to our dedicated team of professionals. With digital intelligence solutions, we support our clients in remaining at the driver’s seat. Our crew of 300+ analysts are available 24/7 to offer dynamic updates regarding various verticals and companies.

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