Cool Roof Coatings Market is Expected to Surpass the value US$ 780.9 Mn By 2031
๐๐จ๐จ๐ฅ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐๐๐The global cool roof coatings market was valued at US$ 402.8 Mn in 2021
It is estimated to grow at a CAGR of 6.8% from 2022 to 2031
The global cool roof coatings market is expected to reach US$ 780.9 Mn by the end of 2031
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/cool-roof-coatings-market.html
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐จ๐จ๐ฅ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Cool roof coatings are a combination of organic and inorganic chemistry. They reflect, scatter, or absorb radiation. These coatings offer a simple solution to increase building endurance and save costs for building owners. Cool roof coatings reduce interior temperature by 6ยฐC to 10ยฐC and roof surface temperature by up to 60ยฐC. They help protect roof from degradation through weathering, reduce maintenance requirements, and extend the life of roofing systems. Cool roof coatings are extensively used in various commercial, industrial, and residential structures, as they provide protection against harsh climatic conditions. These coatings play a vital role in warehouses, factories, residential units, and commercial building units.
๐๐๐๐จ๐ซ๐ญ๐ฌ ๐ญ๐จ ๐๐๐๐ฎ๐๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐๐จ๐จ๐ฅ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The demand for energy-saving building materials is rising. These materials are used to renovate commercial buildings and new homes. Cool roof coatings provide secure and improved structures. They also promote environmental and economic sustainability.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47445
Cool roof coating is a lucrative segment of the building materials market that is gaining momentum in the roofing industry. Cool metal roofs help lower annual energy costs by 40%. Pre-painted or granular-coated metal roofing systems are preferred for homes in warmer climates, as these reflect solar energy and re-emit most of the absorbed solar radiation.
Highly reflective and emissive painted or granular-coated metal roofs provide optimal energy consumption and can re-emit up to 90% of absorbed solar radiation.
Cool roof coatings transfer less heat to buildings. Thus, buildings remain cooler and use less energy for air conditioning. Cool roof coatings also help reduce air pollution and greenhouse gas emissions from air conditioning systems. Furthermore, they enhance the durability of roofs, and reduce building cooling loads and the urban heat island effect.
๐๐ง๐๐๐ญ๐ฆ๐๐ง๐ญ ๐จ๐ ๐ ๐๐ฏ๐จ๐ซ๐๐๐ฅ๐ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ง ๐๐๐ฏ๐๐ง๐๐๐ ๐๐จ๐จ๐๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
The roofing industry is projected to grow moderately in emerging economies during the forecast period due to governmental support in the form of subsidies and tax benefits for construction activities. Governments of developing and developed countries are encouraging citizens (through incentives) to replace their existing roofs with energy-efficient ones. Homeowners who have invested in energy-efficient roofing systems can take advantage of tax credits. For instance, the U.S. Government provides 10% exemption on federal tax if ENERGY STAR certified metal and asphalt roofs with pigmented coatings or cooling granules are installed. This is expected to drive the cool roof coatings market across the globe.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=47445
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ข๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐ญ๐จ ๐๐ซ๐จ๐ฐ ๐ข๐ง ๐๐จ๐จ๐ฅ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Based on type, the global cool roof coatings market has been divided into IR reflective and elastomeric. The elastomeric segment dominated the global cool roof coatings market in 2021. The segment is likely to remain highly lucrative during the forecast period. Elastomeric coatings offer several benefits. They help extend the life of existing roofs; prevent the roof surface from deteriorating effects of the sunlight; and reduce chances of developing cracks and bubbles.
Elastomeric coatings are long lasting; and can adapt well to climatic conditions in any season. During summers, elastomeric coatings expand in warmer hours of the day and contract during colder hours. In winters, elastomeric coatings return to their original size, which lets the roof maintain its flexibility and not give way to issues such as bubbles, cracks, or any other surface damage.
The IR reflective coating segment is also likely to be lucrative during the forecast period, as these coatings offer several advantages. They help control the temperature in homes and warehouses efficiently. They are also beneficial in all seasons.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐จ๐ฅ ๐๐จ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ
North America held the largest volume share of 66.4% of the global cool roof coatings market in 2021. Sales of cool roof coatings were high in North America in 2021, primarily due to the increase in number of retrofitting projects and rise in focus on energy-efficient roof installation in the region.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=47445
Europe and Asia Pacific are also large consumers of cool roof coatings. These regions held value share of 21.3% and 10.8%, respectively, of the global market in 2021. Asia Pacific is anticipated to be an attractive region in the global market during the forecast period. This can be largely ascribed to the rise in awareness about energy consumption and growth in governmental investments in the energy-efficient building & construction industry in the region.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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