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

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Emphasis on Type (Acrylic, Silicone, Polyurethane, and Others); Application (Commercial, Industrial, and Residential); and Region and Country

Pages:

187

Table:

29

Figure:

88

Report ID:

UMCH21791

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Cool Roof Coating Market
Cool Roof Coating Market

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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.

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“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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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry

 

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Cool Roof Coating Market
2.2.Research Methodology of the Cool Roof Coating Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Cool Roof Coating Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5GLOBAL COOL ROOF COATING MARKET COVID-19 IMPACT
6GLOBAL COOL ROOF COATING MARKET REVENUE (USD MN), 2019-2027F
7.1.Acrylic
7.2.Silicone
7.3.Polyurethane
7.4.Others
8.1.Commercial
8.2.Industrial
8.3.Residential
9.1.North America Cool Roof Coating Market 
 9.1.1.United States
 9.1.2.Canada
 9.1.3.Rest of North America
9.2.Europe Cool Roof Coating Market 
 9.2.1.Germany
 9.2.2.France
 9.2.3.United Kingdom
 9.2.4.Italy
 9.2.5.Spain
 9.2.6.Rest of Europe
9.3.Asia Pacific Cool Roof Coating Market
 9.3.1.China
 9.3.2.Japan
 9.3.3.India
 9.3.4.Australia
 9.3.5.Rest of Asia Pacific
9.4.Rest of World Cool Roof Coating Market 
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
11COOL ROOF COATING MARKET OPPORTUNITIES
12COOL ROOF COATING MARKET TRENDS
13LEGAL & REGULATORY FRAMEWORK
14.1.Demand Side Analysis
14.2.Supply Side Analysis 
 14.2.1.Top Product Launches
 14.2.2.Top Business Partnerships
 14.2.3.Top Business Expansions, Investments, and Divestitures
 14.2.4.Top Merger and Acquisitions
15VALUE CHAIN ANALYSIS
16.1.Porters Fiver Forces Analysis
 16.1.1.Bargaining Power of Buyer
 16.1.2.Bargaining Power of Supplier
 16.1.3.Intensity of Rivalry
 16.1.4.Threats of New Entrant
 16.1.5.Threat of Substitute
16.2.Company Share Analysis, by Revenue

17.1. The Sherwin-Williams Company
17.2. Nippon Paint Holdings Co. Ltd.
17.3. PPG Industries Inc.
17.4. Nutech Paint Pty. Ltd.
17.5. Henry Company LLC
17.6. The APOC Company
17.7. Dow Inc.
17.8. Kansai Paint Co. Ltd.
17.9. AkzoNobel N.V.
17.10. Jotun A/S

18DISCLAIMER

Research Methodology

Research Methodology for Global Cool Roof Coating Market Analysis (2021-2027)

Analyzing the historical market, estimating of the current market, and forecasting the future market of cool roof coating, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Cool Roof Coating industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of Cool Roof Coating through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Cool Roof Coating market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of Cool Roof Coating globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Cool Roof Coating. Further, we conducted factor analysis using dependent and independent variables such as rising global temperature and increasing urbanization. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Cool Roof Coating industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Cool Roof Coating market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Cool Roof Coating across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Cool Roof Coating market. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

Cool Roof Coating Market
Cool Roof Coating Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Cool Roof Coating market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type and application.

The main objective of the Cool Roof Coating market study

The current & future market trends of global Cool Roof Coating were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Cool Roof Coating in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of type and application
  • Defined analysis of the regulatory framework for the Cool Roof Coating industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of Cool Roof Coating for the major countries
  • Major regions/countries analyzed in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Cool Roof Coating market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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